credit union founded 1936 headquarters los alamitos california united states number of locations 8 branches area served orange county gateway cities santa monica and downtown los angeles total assets 583m usd 2014 website southlandcu.org southland credit union is a not for profit community chartered credit union in california serving the residents of orange county the gateway cities of los angeles county and the communities of downtown los angeles and santa monica . membership to southland credit union is also available to employees of approximately 300 select employer groups seg . as of march 2015 southland credit union reported its assets exceed 583 million and are serving over 55 000 members . contents 1 history 2 community charter 3 select employer groups 4 performance 5 products and services 6 references 7 external links history edit 1936 southland credit union established to serve the employees of the los angeles county flood control district with seven volunteers . 1944 state charter granted ; name is changed to los angeles county civic center credit union . 1981 corporate office moved from los angeles to downey . 1989 merged with auto pro federal credit union south coast medical center federal credit union and mobilehome owners federal credit union 1991 merged with graphic arts credit union . 1994 name changed to southland civic federal credit union and the credit union received a federal charter . merged with los angeles county bar association credit union . 1991 merged with saints federal credit union . 1996 merged with sunrise first federal credit union which served the employees of simpson paper company . 1999 converted back to a state charter with a name changed to southland civic credit union and completed a merger with los angeles internal revenue service employees federal credit union . 1 2001 merged with famco federal credit union which served the employees of ameron now national oilwell varco . 2 2002 name changed to southland credit union and corporate office is moved to los alamitos . 2009 merged with cityside federal credit union formally the los angeles times federal credit union . 3 2011 acquired the garden grove branch of fullerton community bank . 4 2012 merged with santa monica city employees federal credit union . 5 2014 merged with westside employees federal credit union which served the employees of saint john s health center in santa monica and merged with patriots federal credit union in tustin which served legacy military personnel stationed at marine corps air station el toro . 6 community charter edit southland credit union s community charter allows for membership to residents and individuals who work worship or attend school in the following communities orange county california downtown los angeles greater santa monica area brentwood california culver city california mar vista california marina del rey california pacific palisades california santa monica california venice california west los angeles gateway cities artesia california bellflower california cerritos california downey california hawaiian gardens california la habra heights california la mirada california lakewood california long beach california norwalk california paramount california santa fe springs california signal hill california select employer groups edit membership with southland credit union is available to employees of approximately 300 select employer groups seg including bandai blank rome bureau of alcohol tobacco firearms and explosives city of garden grove employees city of la mirada employees city of lakewood employees city of lawndale employees city of los alamitos employees city of lynwood employees city of paramount employees city of santa monica employees city of seal beach employees commerce casino costco davis elen advertising drug enforcement administration employees and retirees of los angeles county frieda s inc. general services administration gibson dunn & crutcher horiba internal revenue service jones day latham & watkins los alamitos unified school district los angeles county bar association los angeles county sheriff s department los angeles times morgan lewis & bockius paul hastings perkins coie sidley austin tarzana treatment centers united states army united states attorney united states bankruptcy court united states department of homeland security united states department of the treasury united states district court united states marshals service zodiac aerospace performance edit texas ratio as of december 31 2013 southland credit union had 5.91 million in non current loans and owned real estate with 61.02 million in equity and loan loss allowances on hand to cover it . this gives southland credit union a texas ratio of 9.68 % which is rated grade a. any bank with a texas ratio near or greater than 100 % is considered at risk . texas ratio trend the texas ratio for southland credit union decreased slightly from 12.72 % as of december 31 2012 to 9.68 % as of december 31 2013 resulting in a positive change of 23.89 % . this indicates that the balance sheet and financial strength for southland credit union has improved slightly in recent periods . deposit growth in the past year southland credit union has increased its total deposits by 327 000 resulting in 0.08 % growth for the year . a strong track record of growth is an indicator of consumer confidence and the bank s ability to strengthen its balance sheet . the growth southland credit union has shown is above average . capitalization the federal deposit insurance corporation and the national credit union administration consider capitalization levels of banks and credit unions to be of high importance . higher capitalization allows for a greater buffer when cover loans that may fail in the future . southland credit union has 481.02 million in assets with 61.02 million in equity resulting in a capitalization level of 12.69 % which is rated a . 7 products and services edit southland credit union offers checking & savings accounts vehicle loans personal loans credit cards home loans home equity lines of credit investment services insurance services retirement planning business services references edit 1999 annual report pdf . california department of financial institutions . dec 1999 . retrieved 4 may 2014 . monthly bulletin august 2001 . california department of financial institutions . aug 2001 . retrieved 30 may 2014 . rubenstein jim may 8 2009 . l.a. cus on merger path . cutimes.com . retrieved 30 may 2014 . henderson shelley nov 20 2011 . southland credit union opens new office at garden grove civic center . oc breeze.com . retrieved 30 may 2014 . greenberg eddie sep 18 2012 . santa monica credit union merging with southland credit union . santamonica.patch.com . retrieved 30 may 2014 . monthly bulletin january 2014 pdf . california department of business oversight . jan 2014 . retrieved 22 oct 2014 . depositaccounts.com . depositaccounts.com . retrieved 2014 06 04 . southland credit union annual report southland credit union annual report external links edit official website official facebook page retrieved from https en.wikipedia.org w index.php title southland credit union & oldid 720963295 categories credit unions based in californiabanks established in 1936hidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 18 may 2016 at 23 53 . text is available under the creative commons 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