More than 85 years of making people happy: Water and Power Community Credit Union (WPCCU) was formed in 1936 by a group of employees of the Department of Water and Power in downtown Los Angeles. The credit union expanded in 2018 to include everyone living, working, worshipping or attending school anywhere within Los Angeles and San Bernardino County, California.
40,000 People Put WPCCU in the Top 8% Nationwide
Over 40,000 people have their money at WPCCU. So much so, their deposits put WPCCU in the Top 8% nationwide among all credit unions for total deposit balances per person. For more information, contact us.
It's all about you
Our focus is on each person, one at a time, recognizing the individual you are and what you need to make your financial life better.
The key objective is to provide personal service that meets the needs of every individual, regardless of financial condition or social status. In simple terms, you come first.
Why bank with us
A credit union is a not-for-profit financial cooperative. That means a credit union generates income through its business activities, which is different than a non-profit entity that relies on charitable donations.
Not-for-profit also means that profits are returned to you in the form of higher savings rates, lower loan rates and reduced fees.
You own a piece of the pie
Each person we serve is legally an owner of WPCCU. So, you really do own a piece of the pie.
Making you financially better
Tell us what you need or what your financial goals or concerns are. We listen and then put together a complete package of recommendations, from higher rate savings accounts to refinancing to lower rate loans. The end result is you'll be better off financially.
Your Credit Union
Your deposits federally insured
The National Credit Union Administration (NCUA), the U.S. federal agency that regulates credit unions and insures their deposits, considers people in the credit union to be co-owner members, with their deposits representing ownership shares of membership.
Your WPCCU deposits are insured by the NCUA up to $250,000. Your Individual Retirement Account (IRA) deposits are insured separately by the NCUA up to $250,000.
Learn more about the NCUA and credit unions.
Financially transparent, certified safe
The people in the credit union pool their deposits to make loans to other people in the credit union.
All credit unions publish their financial statements for the people in the credit union. You can see the last three Annual Reports here. Government agencies and our accounting firm regularly audit the credit union’s financial statements and certify the cooperative as safe and secure.
Run for and by the people
All credit unions have a Board of Directors and a supporting Supervisory Committee. These are credit union members who are elected by a vote of all credit union members, commonly for terms up to three years. WPCCU volunteers donate their time without direct compensation.
The Board of Directors and Supervisory Committee oversee credit union leadership, who themselves are also commonly people in the cooperative. The Supervisory Committee continually audits the credit union operation to NCUA designated standards.
The Credit Union President is hired by the Board of Directors and reports directly to the Board. The President and the leadership team propose rates and policies to the Board of Directors for their approval. Meet our leaders.
Visit us
There are four full service WPCCU branch locations to serve you. You also have access to more than 5,000 Credit Union Service Centers and nearly 30,000 CO-OP ATMs nationwide. These shared branches provide you the convenience to perform financial transactions on your WPCCU accounts.
- Find the 30,000 ATMs that are service charge free when accessing your WPCCU accounts.
- Locate 5,000+ credit union branches nationwide for free access to any of your WPCCU accounts.
