About Wescom credit union
Wescom Credit Union: A Comprehensive Guide to Convenient Banking in Southern California
Are you looking for a reliable and convenient banking partner in Southern California? Look no further than Wescom Credit Union. With a robust branch network, internet, phone, and thousands of ATMs, Wescom Credit Union offers residents of Southern California easy access to their money and financial services.
In this comprehensive guide, we will explore everything you need to know about Wescom Credit Union - from its history and mission to its products and services. We will also delve into the benefits of banking with a credit union versus a traditional bank.
History and Mission
Wescom Credit Union was founded in 1934 by 13 employees of the Douglas Aircraft Company in Santa Monica. The credit union's original name was "Douglas Aircraft Employees' Credit Union," but it changed its name to "Wescom" (short for Western Employees Southwest Corporation) in 1968 when it expanded its membership beyond Douglas Aircraft employees.
Today, Wescom Credit Union serves more than 200,000 members throughout Southern California with over $3 billion in assets. Its mission is to provide members with quality financial services that meet their needs while maintaining financial stability.
Products and Services
Wescom Credit Union offers a wide range of products and services designed to help members achieve their financial goals. Here are some of the most popular ones:
Checking Accounts: Wescom offers several checking account options that come with features such as free online banking, bill pay, mobile deposit, eStatements, overdraft protection options.
Savings Accounts: Members can choose from various savings accounts such as Regular Savings Account or Money Market Account which offer competitive interest rates on deposits.
Credit Cards: Wescom has several credit card options available including Visa Platinum Rewards Card which comes with rewards points on every purchase made using the card.
Loans: Members can apply for personal loans or auto loans at competitive rates through online application process or by visiting any branch location near them..
Mortgages: Whether you're buying your first home or refinancing an existing mortgage loan , Wescon has got you covered! They offer fixed-rate mortgages as well as adjustable-rate mortgages (ARMs) at competitive rates.
Investments & Retirement Planning : Members can take advantage of investment opportunities through mutual funds , stocks , bonds etc.. They also have retirement planning tools like IRA accounts .
Online & Mobile Banking : With online banking service offered by wescon ,members can manage their finances anytime anywhere .They have mobile app available on both iOS & Android platforms .
Benefits Of Banking With A Credit Union
There are many benefits associated with banking at a credit union like wescon compared to traditional banks . Here are some key advantages:
Lower Fees : As non-profit organizations owned by their members rather than shareholders ,credit unions typically charge lower fees compared to banks .
Higher Interest Rates : Since they don't have shareholders demanding profits ,credit unions often offer higher interest rates on savings accounts & CDs .
Personalized Service : Unlike big banks where customers may feel like just another number,Credit Unions tend be more community-oriented offering personalized service tailored towards individual member needs .
Community Involvement : Many credit unions actively participate in local community events,supporting local charities etc.. This helps build strong relationships between them & communities they serve.
Conclusion
If you're looking for convenient banking solutions that prioritize your needs over profits,Wescon is definitely worth considering .With branches located throughout southern california alongwith digital channels like online/mobile app access,Wescon makes managing your finances easy wherever life takes you!