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A Century of Serving Californias Educational Community
In 1933, at the height of the Great Depression, when thousands
of banks around the country were closing their doors, we opened
ours. It was a move that paid off handsomely for educators throughout
California. First Financials vision from the very beginning
was to serve Californias educational community. Thats
been our focus since Day One and were now recognized as the
premier credit union for Californias educational community.
We were first known as the California Teachers Association Southern
Section Credit Union (CTASSCU). At that time, we were a state-chartered
credit union and shared the same Board of Directors and staff of
the California Teachers Association (CTA).
Over the years, our focus on the needs of the California educational
community has been rewarded by our loyal membership. By 1951, the
credit union had grown to $1 million in assets. Our members continued
to entrust us with their financial well-being, and by 1964, the
credit union reached $18 million in assets.
Granted a federal charter in 1974, we changed our name to the California
Teachers Federal Credit Union and our assets totaled over $67 million.
During the 70s, we also installed our first online data processing
system and opened several new branches, increasing our ability to
serve members needs with speed and convenience.
In 1983, our name changed to First Financial Federal Credit Union,
and with the support of our members, we continued to build the strength
of the credit union toward the $100 million asset milestone. We
moved our headquarters from Glendale to West Covina in 1986, and
increased member convenience with the opening of the Telephone Service
Center in 1988.
We started the 90s by opening a separate real estate lending
department to better serve the real estate needs of our growing
membership. While Californias banks were merging or being
sold to out-of-state banks, First Financial continued to grow as
our members built their financial futures at this not-for-profit,
educator-focused credit union.
By the end of the 90s, we returned to a state charter, changed
our name to First Financial Credit Union (FFCU) and expanded into
Northern California.
Today, First Financials assets have surpassed $500 million,
making us one of the largest credit unions in California. We stand
committed to meeting the financial challenges and opportunities
facing the educational community, and we will continue to use technology
and innovative programs and services to deliver the best tangible
benefits to our members: programs and services that surpass those
offered by any other financial institution.
First Financial: serving
the financial needs of educators throughout their lives!
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