California Bear Credit Union was started in 1933 to provide the employees of the State of California with a safe, secure, and viable financial option for their hard earned money. As a cooperative and with a strong common bond, members of the Credit Union have enjoyed the many benefits that come with their membership. Whether it be low rates on loans and a higher return on their savings, members of California Bear Credit Union have experienced a rewarding relationship combining excellent member service with a strong sense of security.

The Credit Union Difference

A credit union is a cooperative, not-for-profit financial institution that offers a variety of savings and lending products and services. It is owned and controlled by “members,” the people who use its services. Credit unions serve groups that share something in common, such as where they work or live. Credit unions are not-for-profit businesses. This means that after paying dividends on savings deposits, paying expenses, and setting some money aside for everyday business, the credit union returns any excess back to the members in the form of better rates on savings and lower rates on loans. The result: members are provided with a safe, convenient institution that exists to benefit them.

Stability and Security

California Bear Credit Union is regularly reviewed by independent internal and external auditing firms, as well as the Department of Business Oversite for the State of California. As a result, the Credit Union undergoes a rigorous examination several times a year to make sure we are operating and conducting business in a safe and secure manner. Plus, the Credit Union is insured by the National Credit Union Association (NCUA) in the National Credit Union Share Insurance Fund (NCUSIF) up to $250,000. All of this translates to a safe and sound financial institution that exists to benefit the members.