The 1930’s Great Depression

What caused the Great Depression, the worst economic depression in US history? It was not just one factor, but instead a combination of domestic and worldwide conditions that led to the Great Depression.

Though the great depression has been long since gone did you know that LA Financial Credit Union began in the late 1930’s and so did many other credit unions? It was six men and one woman whose vision that gave inspiration to the “Los Angeles County Court Employees Federal Credit Union” in 1937. Then on January 1, 2003 our name was changed to LA Financial Federal Credit Union.

LA Financial CU has been in business for almost 75 years and has branch locations in: Los Angeles, Norwalk, Pasadena and Lake Havasu.

We continue to service LA County Employees as well as servicing the general public who live, work, worship, volunteer or attend school in LA County, California.

LA Financial Credit Union is a one stop shop servicing you in areas of certificate of deposits, savings and checking accounts as well as personal loans and mortgage loans. Providing good loan rates and low or no fees.

Our Vision Statement is Excellence in Member Service…Anytime, Anyplace, Anywhere.

Police stand guard outside the entrance to New York's closed World Exchange Bank, March 20, 1931. Not only did bank failures wipe out people's savings, they also undermined the ideology of thrift.

Submitted by Cynthia L., New Accounts/Pasadena Branch