In one minute
University Credit Union (UCU) traces its roots to 1951, founded on UCLA’s campus by university employees. UCU emphasizes a member-owned cooperative approach designed for the university community.
Campus roots (UCLA)
Member-owner model
Digital-first access
NCUA share insurance
History (compact timeline)
- 1951 Founded on UCLA’s campus by university employees to serve the university community.
- Expansion UCU describes growth beyond its original campus roots to serve broader university-affiliated communities.
- Today A full-service credit union offering accounts, lending, and digital banking tools for eligible members.
Why the credit union model can be attractive
- Member-owned: the institution is structured to prioritize members rather than outside shareholders.
- Value orientation: credit unions often target competitive rates and lower fees (varies by product).
- Community fit: UCU’s identity is tied to university communities and affiliated partners.
Share insurance basics
UCU states deposits are federally insured via the NCUA. They also outline separate insurance treatment for certain retirement accounts (e.g., IRAs) alongside standard share coverage. Always verify current details on ucu.org.