Priority One Credit Union
Celebrating 90 years of member service
Just a few years ago Priority One Credit Union survived the great recession, something many other Credit Unions could not endure.
We are proud to say that your Credit Union is financially strong and has a great future.
We wonder if the first 17 members ever envisioned that we would grow to become a $157 million financial institution serving over 20,000 members.
The following is a timeline of how we came to be where we are today:
- 1926 The Credit Union was organized as “The Los Angeles Postal Employees Savings and Loan Club”. Deposits were $184.00. Six loans were on the books totaling $244 with 76 members.
- 1929 The Credit Union formally changed its name to “Postal Credit Union of Los Angeles” and was granted State Charter.
- 1955 The Credit Union assets were $10,431 and home and furniture loans were introduced.
- 1971 Manual processing transformed into a computerized system.
- 1982 IRAs became available for retirement savings.
- 1986 Share Drafts (checking) accounts were introduced.
- 1990 Credit Union headquarters moved to its current location in South Pasadena.
- 1992 The Credit Union expanded with the merger of Van Nuys Postal Federal Credit Union membership and the Select Employer Groups (SEG’s).
The first ATMs were installed at the then GMF and Worldway facilities.
The Credit Union joined the Co-Op ATM network to allow our members the convenience of utilizing over 30,000 nationwide ATMs-- surcharge free.
The Credit Union introduced “in-house” over the counter check processing.
- 1993 VISA cards were added to our product availability.
- 1997 Home Banking was introduced.
- 1998 The Youth Express Club (now known as the P1-4k Club) was established for kids.
- 1999 Electronic bill payment was introduced.
- 2000 PCULA expanded its field of membership and changed its name to “Priority One Credit Union”.
- 2001 The Santa Clarita Valley was added to our membership
- 2003 The Credit Union expanded with the merger of Provident First Credit Union membership (a hospital credit union).
The San Fernando Valley was added to our membership.
- 2006 The Credit Union expanded with the merger of Inland County Postal Credit Union membership.
- 2008 The Credit Union joined the Shared Branch Network to allow our members the convenience of doing their banking in over 5,000 credit union shared branches nationwide.
- 2014 The City of South Pasadena was added to our membership.
We currently offer membership to United States Postal Service employees and their families from the Bishop County line to the Arizona border; we offer membership to employees and their families to more than 20 Select Employer Groups (SEG’s) ; we offer membership to those residing, employed, attending school, or worshiping within the San Fernando Valley, the Santa Clarita Valley and the City of South Pasadena.
The modern day leadership, including William Harris, John Weston and Charles Wiggington, the current President/CEO all contributed to the introduction of products and services that are responsible for the financial fitness of Priority One Credit Union.