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Making Dreams Happen

Dreams. Those inspirational ideas unique to each of us. At University & State Employees Credit Union, we know that dreams are as much about the journey as the destination. As your credit union, we’re with you every step of the way. We empower members with tangible support and helpful tools to make good financial decisions, and comprehensive financial products and services to build the future of their dreams. In short, we don't just look out for your money, we look out for you.

Our Vision

We transform lives by making dreams happen.

Our Commitments

  • Putting people at the center of everything we do.
  • Listening to you, and really understanding where you want to go.
  • Delivering financial products and services that help you achieve a good quality of life.
  • Having your back, and always acting in your best interest so you can step forward with confidence in the future.

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Our History

Today, University & State Employees Credit Union – that's USE Credit Union for short – has more than $1 billion in assets and provides a broad array of financial products and services to more than 60,000 members throughout California. But our story actually began more than eight decades ago, when credit unions first started to take hold in the United States.

It was on April 20, 1936 that a small group of dedicated and passionate people formed a new credit union, chartered by the State of California to serve the financial needs of San Diego's Division of Highway employees. Then known as California State Employees Credit Union #17, we grew to serve many more state employees, including faculty and staff of many of California's colleges and universities.

In 1971, we officially changed our name to University and State Employees Credit Union, reflecting our greatly expanded field of membership. Fast forward to the new millennium, and now, any California state employee and any California university employee is eligible for USE Credit Union membership, along with others who live, work, or worship in the five counties where we hold community charters: San Diego County, Sacramento County, Yolo County, Alameda County and Santa Clara County.

We currently operate eight physical branches throughout California, including one opened in 2017 that reflects a new concept in branch design – inviting members to meet with friends, have coffee, and do their banking. However, we're especially proud to be a leader in financial technology that makes it easy for members to bank with us wherever and whenever they prefer. In fact, we pioneered now-mainstream technologies such as online banking, mobile banking and mobile deposit and are always exploring new and better ways to transform lives by making our members' dreams happen!

2019 Annual Report

Insured by NCUA | Charter Number: 60801

Credit Union Difference

Be part of the Credit Union Movement.

What is a Credit Union?

A credit union is a cooperative, not-for-profit, financial institution, owned and operated by its members to meet their financial needs. Credit unions and banks are both financial institutions and provide similar services to their consumers.

Difference at a Glance

Credit Unions Banks
Not-for-profit cooperative For-profit corporation
Owned by members of the credit union. Each member owns one "share" of the credit union and, thus, has equal voting rights for decisions regarding the credit union. Owned by stockholders. Bank stockholders make decisions, not the account holders of the bank. Accounts holders own accounts, not membership rights.
Earnings are returned to members through services like free ATMs, better rates, and lower fees. Earnings go to outside stockholders in the form of dividends.
Insured through NCUA up to $250,000 Insured by FDIC up to $250,000

Dedicated Volunteers

The Board of Directors, elected by the membership, is a diverse group of individuals, each serving 3-year terms. As a true democratic representative group, each member has one vote in guiding the credit union and works collaboratively as a whole.

Annual Meeting of the Membership and Elections Update

At our Annual Meeting of the Membership, held virtually on May 28, 2020, the following were elected to serve three-year terms on the Board of Directors: Antony C. Cherin, Leslie B. Overman, and Beverly Randez; Carolynn Winship was elected to serve a three-year term on the Supervisory Committee.

USE Credit Union's Board of Directors

  • Beverly Randez, Chair
  • Josh Lawrence, Vice Chair
  • Matt Adams, Director
  • Tony Cherin, Director
  • Scot Eisendrath, Director
  • David Ely, Director
  • Yvonne L. Marsh, Director
  • Les Overman, Director
  • Steve St. Marie, Director
  • Harry Le Grande, Associate Director
  • Steven Lei, Associate Director

The Supervisory Committee is also comprised of member volunteers elected by the membership. They are charged with the oversight of the audit process, ensuring the safety and soundness of the credit union.

USE Credit Union's Supervisory Committee

  • Kimberly Floyd, Committee Chair
  • Nancy Herbst, Committee Member
  • Carolynn Winship, Committee Member
  • Andrew Greaves, Associate Supervisory Committee Member
  • Megan Hall, Associate Supervisory Committee Member

Why Become A Volunteer?

USE Credit Union's dedicated volunteers partner with the credit union senior management by contributing their leadership, professional expertise and ideas for the entire credit union's benefit. In exchange, volunteers receive valuable leadership experience, financial services industry and management education, networking and travel opportunities, and the satisfaction that comes from helping to ensure the continuity and development of USE Credit Union.

Volunteers are essential for corporate governance and for USE Credit Union to fulfill its vision. Our Board and Supervisory Committee members bring a wealth of knowledge to the credit union through diverse professional backgrounds and select employer group partnerships throughout our communities.