The Caltech Employees Federal Credit Union was established on April 11, 1950 by seven employees of the Institute. Each of these founding members contributed one share, $5.00, to the first pool of Credit Union money.
Celebrating more than 60 years of service, the Credit Union has grown from those first seven member accounts and assets of $35 to its current size of more than 32,000 member accounts and assets soaring above $1 billion. Membership has also been expanded to include several affiliate organizations of the Caltech family as well as immediate family of current members.
CEFCU services have grown too, from the basic share account and loans to include a wide variety of loan products, supporting services, as well as eBranch, CEFCU's online access system.
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