2012 - Annual Report

2012 ANNUAL REPORT
Building
a Strong
Financial
Future
Federally
by NCUA
Bringing
Yourinsured
Dreams
To Realitysm
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Mission Statement
Southland Credit Union is dedicated to exceptional
Member service resulting in superior financial strength,
offering convenience, courtesy, and valued solutions.
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Table of Contents
Board of Directors & Supervisory Committee...........................3
Executive Team.....................................................................................4
Board Chair & President’s Message...............................................5
Building a Stronger Community....................................................7
Treasurer’s Report................................................................................9
Consolidated Statements of Financial Condition................. 11
Consolidated Statements of Income......................................... 12
Supervisory Committee Report.................................................. 13
www.SouthlandCU.org
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Board of Directors
William de la Garza
Chair
G.David Mills
Director
Robert L. Hale
Vice-Chair
Dolores M. Arriola
Director
Walter Finnigan
Secretary/Treasurer
Annie Perez
Director
Supervisory Committee
Angie Avery
Chair
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Morris J. Litwack
Secretary
Jose L. Manzano
Committee Member
800.426.1917
Executive Team
Ferris R. Foster
President & CEO
Curt A. Bannock
Vice President & CIO
Rene M. LeJay
Senior Vice President & COO
Matthew P. Herrick
Vice President of Sales & Marketing
Thomas G. Lent, CPA
Senior Vice President & CFO
Robert A. Koch
Vice President of Lending
Vision Statement
Cynthia E. Smolinski
Vice President of Human Resources
Southland Credit Union will be a dynamic,
innovative and exemplary financial institution
dedicated to meeting the needs of its Members.
www.SouthlandCU.org
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Board Chair &
President’ s Message
Living In Interesting Times….
There is an ancient Chinese proverb that is interpreted as “May you live in
interesting times.” And certainly, from a financial, political and social standpoint,
we can agree that we are now definitely living in very interesting times.
2012 was a year punctuated by starts and stops in the American economy,
turmoil in foreign economic markets, natural disasters, and political discord
almost everywhere. While many of these issues came to conclusion, others
continue, and we expect that 2013 will bring more of the same, along with
additional new and different challenges. In response to any unanticipated events,
we want our membership to be assured that Southland is adequately prepared
to respond to whatever events may come our way and we are ready to help our
Members in whatever way we can.
So, we are all the more proud to report to you some very good and interesting
information regarding 2012. Southland Credit Union is safe, sound, secure, and
continuing to grow! We continue to provide you with innovative new products
and services, competitive rates, and a growing branch network with our hallmark
of specialized personal service to our Members.
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Financial Strength
The past fiscal year was one of exceptional financial
success for Southland. From our positive revenue
growth, reduced interest rate risks, new products and
enhanced electronic services, to the increasing of our
membership base, we are pleased to report that 2012
was one of positive results and forward momentum.
While many of our peers continued to struggle with
financial challenges, your Credit Union was able to
increase its financial strength by almost a 17% yearover-year increase, while simultaneously expanding our
delivery channels, market share, and membership base.
organizations in addition to serving our Members at the
Credit Union full-time.
Greater Conveniences
Total assets at Southland were $483 million at year-end
2012, positioning your Credit Union in the top 500 out
of nearly 7,000 credit unions nationwide. While growth is
important, maintaining the overall financial health of the
Credit Union with continued dedication to exceptional
member service remains our driving focus.
This past year we continued to expand our services and
invest in our future. In 2012, we expanded our delivery
service channels with the implementation of “Check 21,”
by upgrading and installing new ATMs, and by adding
mobile banking and mobile deposit capabilities. We
also expanded the number of new memberships in our
list of impressive partner companies that we serve. In
late 2012, Southland successfully completed a merger
with Santa Monica City Employees Federal Credit Union
(SMCEFCU), welcoming an additional 3,400 Credit Union
Members to our Southland family. We are very pleased
to partner with SMCEFCU and to have the opportunity to
bring greater financial well-being to both Credit Union
memberships.
Community Outreach
Planning Ahead
“People Helping People” goes far beyond just
membership—it is a community endeavor. This past
year Southland continued to stretch its helping hand out
to the communities and charities in the areas we serve.
While growth, service, and trust continue to be the key to
our success, we have not forgotten our communities and
their needs.
We recognize the market is filled with competitive
financial options and that there are many alternatives
available to you. Accordingly, we need to earn your
business every day and are firmly committed to fulfilling
your financial needs through the development and
delivery of innovative products and services with our
hallmark of exceptional member service. You have our
pledge that our energy and investments will continue to
focus on efforts to improve your prosperity, exceeding
your expectations and overall Credit Union experience.
Community is important to Southland and we
understand this by supporting the areas we serve in a
myriad of ways. Throughout this past year, Southland
contributed to the support of schools, foundations,
chambers of commerce, civic organizations, and
community events. We are very proud, as well, to report
that we have many of our employees who serve as
volunteers, on their own time, for various non-profit
At Southland, we are moving forward together, openly
embracing future challenges as opportunities during
these interesting times. Thank you for your continued
membership, loyalty, and support.
Sincerely,
William de la Garza
Board Chair, Board of Directors
www.SouthlandCU.org
Ferris R. Foster
President and Chief Executive Officer
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Building
a StrongerCommunity
The needs of the community is a priority at Southland Credit Union. Our
team members and Members often give back to the community with their
own time and funds, ranging from support to education advancement.
Southland’s employees volunteer and support our community throughout
the year with various charities, toy drives, food drives, women and
children’s causes, local school programs, community events, and several
other important community needs.
We care as much about our communities’ quality of life as we do their
financial success.
Downey Kids Day
Race on the Base
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Police Officers Appreciation Luncheon
Tarzana Treatment Center
2012 Community Events
Race on the Base
Wings, Wheels and Rotors
Downey Kids Day
Garden Grove Strawberry Festival
Cypress Festival and 5k
Run Seal Beach
30th Annual Los Alamitos Police Appreciation Luncheon
LA County Bar Association New Admittee Luncheon
Downey Chamber of Commerce State of the City Event
Long Beach Legal Professionals Association Annual Event
Garden Grove Foundation Golf Tournament
Los Alamitos Chamber Golf Tournament
City of La Mirada Health and Wellness Expo
City of La Mirada Fireworks Show
Seal Beach Christmas Tree Lighting Ceremony
Los Alamitos Winter Wonderland Event
San Fernando Valley Bar Association
Member Appreciation Event
LA County Parks & Rec Annual Picnic
Velocity Vehicle Group/LA Freightliner
Annual Employee Picnic
Garden Grove Chamber of Commerce
106th Annual Gala and Awards Ceremony
Professionals In Human Resources Association
(PIHRA) Conference
Greater Los Angeles Association of Legal Administrators
Friends of Long Beach Animal Walk
LA Paralegal Association Legal Conference
Downey Chamber of Commerce Business Expo
Taste for Los Al
Santa Monica Municipal Employees Association
Los Alamitos State of the City
Run Seal Beach
www.SouthlandCU.org
Los Alamitos Badges of Honor
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Treasurer’s
E
Report
very Member can be proud of the accomplishments the Credit Union has
achieved since 1936. You are the reason Southland has been a success for
over seventy-six years, and our future continues to depend on you and our
other Members using our great services.
Southland ended 2012 in a very robust financial position, ready to continue our
mission of fulfilling our Members’ financial needs. The Credit Union recorded net
income of more than $6 million for the year, almost double what had been planned.
The higher earnings were primarily the result of an increase in the use of Credit
Union services by the Membership, stronger demand for loans and fewer loan
delinquencies. Because of the higher earnings, overall equity increased 17%, to
11.5% of assets and well in excess of the minimum regulatory requirement of 7%.
In October, Santa Monica City Employees Federal Credit Union merged with
Southland, resulting in an increase of $29 million in assets, the addition of a branch
office in Santa Monica, and 3,400 new Members joining the Southland family!
The merger enhanced an already strong year of financial performance, resulting
in Southland finishing 2012 with $483 million in total assets, Member deposits
increasing to $420 million, the payment of $2.3 million in dividends, more than 6,700
new memberships opened, and a $7.6 million increase in capital to a new record of
$55.3 million.
I am pleased to report that your Credit Union remains very well capitalized and
ready to absorb any future financial challenges that may await us. It has been my
pleasure to serve as Secretary/Treasurer of your Credit Union during this past year.
Your volunteer Board of Directors and Supervisory Committee members work
hard to ensure the safety and soundness of the Credit Union. Thank you for your
continued support.
Sincerely,
Walter Finnigan
Secretary/Treasurer
Board of Directors
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Checking
Accounts
17%
Deposit Mix
(In Millions)
Term Share
Certificates
37%
IRAs
1%
Money
Market
Accounts
20%
Deposit Mix
(In Millions)
Regular
Shares
Regular
Shares.
..............................................$99
Term
Share
Certificates
Term
Share
Certificates...............................$158
Term Share
Certificates
38%
Che
Checking
Accounts
Checking
Accounts........................................$73
IRAs
IRAs.................................................................$5
Regular
Shares
24%
Money
Market
Accounts...............................$85
Money
Market
Accounts
Total Assets
(In Millions)
$485
$475
(Gross in Millions)
$470
Personal Loans
6%
Real Estate
39%
$465
$460
$455
Commercial
Loans
13%
$450
Regular
Shares
Vehicle
Loans.
................................................$84
2009
$425
IRAs Loans..............................................$18
Personal
$415
$480
$470
$465
Vehicle Loans
26%
$405
Money Market
Accounts
Commercial
Loans.........................................$43
$395
$460
$385
$455
$375
$450
2009
Total Assets
2010
2011
2012
Member Shares
(In Millions)
$365
2009
$485
$340
$480
$415
$335
$475
$405
$330
$395
$325
$385
$320
$375
$315
$460
$455
$450
$365
2010
2011
2012
Member Shares
In Millions)
$425
www.SouthlandCU.org
$415
2011
2012
2011
2012
(Net in Millions)
$425
$465
2010
Member Loans
In Millions)
$470
2012
In Millions)
$485
$475
2011
Member Shares
Checking
Accounts
Real Estate Loans.........................................$126
(In Millions)
Home Equity
16%
2010
TermEquity
Share
Certificates
Home
Loans.
.......................................$52
Total Assets
2009
Term Share
Certificates
37%
$480
Loan Mix
$310
2009
2010
2011
2012
2009
2010
Member Loans
(Net in Millions)
$340
$335
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$330
c o ns ol id a ted s t ate m e n t s o f
FINANCIAL CONDITION
December 31, 2012 AND 2011 (in thousands) (unaudited)
ASSETS
Cash and Cash Equivalents
Investment Securities:
Available-For-Sale
Other Investments
Federal Home Loan Bank Stock
Loans to Members, Net of the Allowance for Loan Losses
Accrued Interest Receivable
NCUSIF Deposit
Property and Equipment, Net
Other Assets
TOTAL ASSETS
2012
$
$
$
Total Liabilities
TOTAL LIABILITIES AND MEMBERS’ EQUITY
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$
482,618
$
419,850
2,847
4,645
49,993
64,473
100
2,684
337,569
1,543
3,623
8,148
18,102
$
2012
Members’ Equity
Regular Reserve
Undivided Earnings
Equity Acquired in Merger
Accumulated Other Comprehensive Income
Total Members’ Equity
50,367
72,008
9,047
2,567
315,969
1,312
4,131
8,559
18,658
LIABILITIES AND MEMBERS’ EQUITY
Liabilities
Members’ Shares
Borrowed Funds
Accounts Payable and Other Liabilities
2011
486,235
2011
$
391,341
42,847
4,369
427,342
438,557
12,887
37,638
4,574
177
55,276
12,887
31,591
2,744
456
47,678
482,618
$
486,235
800.426.1917
c o n s ol id a ted s t ate m e n t s of
INCOME
For the years ended December 31, 2012 AND 2011 (in thousands) (unaudited)
2012
Interest Income
Loans to Members
Investment Securities and Cash Equivalents
$
18,784
771
Total Interest Income
Interest Expense
Members’ Shares and Savings Accounts
Borrowed Funds
2011
$
19,496
1,286
19,555
20,782
2,292
1,382
3,360
1,906
Total Interest Expense
3,674
5,266
Net Interest Income
15,881
15,516
Provision for Loan Losses
451
Net Interest Income After Provision for Loan Losses
15,430
Non-Interest Income
Fees and Charges
Other Non-Interest Income
Other Non-Interest Gain (Loss)
Total Non-Interest Income
3,628
Income Before Non-Interest Expense
Non-Interest Expense
Compensation and Benefits
Operations
Occupancy
NCUSIF Premium Assessment*
Total Non-Interest Expense
11,888
3,900
1,732
1,048
3,347
811
(54)
6,680
4,104
22,110
15,992
8,723
5,215
1,755
370
7,468
4,620
1,368
906
16,063
Net Income $
6,047
14,362
$
1,630
* NCUA mandated charge for Corporate Stabilization Program.
www.SouthlandCU.org
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Supervisory
CommitteeReport
T
he Supervisory Committee is comprised of an independent group
of Member volunteers charged with acting as the “watchdog”
of the Credit Union, to protect and safeguard Member assets.
This role includes ensuring that records are accurate, internal controls are
adequate, and that Members receive the best possible service.
To assist with these duties, the Supervisory Committee engages two
independent, national CPA firms to conduct the external financial
statement audit and Member account verification, as well as ongoing
internal audits of the Credit Union operations and controls. The
Committee also works directly with Federal and State regulators in
facilitating routine regulatory examinations of the Credit Union.
Perhaps most importantly, the Supervisory Committee provides an open
avenue of communication for you, the Members of the Credit Union.
The Committee reviews and responds to every letter it receives from our
Members to ensure you receive excellent service. Our Members benefit
from this open communication because the comments and feedback are
used to ensure Southland maintains the highest level of integrity and
service.
The external auditor’s opinion letter as of and for the year ended
December 31, 2012 affirmed that the financial statements of the Credit
Union are fairly stated, in accordance with generally accepted accounting
principles. It is the unanimous opinion of the Supervisory Committee that
Southland Credit Union is financially strong and operated in a sound and
prudent manner for the benefit of its Members.
Sincerely,
Angie Avery
Committee Chair
Supervisory Committee
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City Employees•Lomita City Employees•Lynwood City Employees•Paramount City Employees•Santa Clarita City Employees•Commerce Casino•La Canada City Employees•Flintridge City Employees•Bell Gardens City
Employees•Los Alamitos Race Track•Seal Beach City Employees•Long Beach Convention Center•International Paper•Water Replenishment District•Pioneer Services Inc•Community Career Development•Trend Offset
Printing•Furs Electric Corp•Norwalk Meadows Nursing•Maxon Lift Corp•NHK Laboratories•Barry’s Security•South Coast Insurance•Bravo Sports•Atlantic Inc•EPMAR Corp•US Traffic Corp•Thermal Engineering
International•Advanced Medical Management•Buckeye Claims Administrators•Hufcor Airwall Inc•Ceapack•Manhattan Beachwear•Coach USA•Marina Medical Billing•Extra Express•Insure Now•Calnetix•Clear
Channel•Spice Paper•Huntington Valley Healthcare Center•Seal Beach Leisure World•Young and Rubican Inc•Ellison Machinery•NWP Services Corp•Value Options•VESTCOM•Artistic Plastics•KOST Radio•Los Alamitos
City Employees•LA Freightliner•Westside Building Material•Turner’s Outdoorsman•Arrowhead Products•The Queen Mary•Russell and Miller•California Department of Transportation•Hillyard Inc•Hillview Mental
Health Center Inc•Hoffmaster•Hub Cities Consortium•Hytrol and Airline Baggage Company•ITL•Ivy Hill•Key Container•Kramer Ink•LA Paper Box•Legal Aid Society of Pasadena•Les Feres Taix French Restaurant•Lifeline
Homecare Enterprises Inc•Marina Mortgage Company Inc•Masoneilan•Mead Products•Med-Eval•Mental Health Advocacy Services Inc•Meris Laboratories•Merit Abrasives•Nixon-Eglie Equipment Company•Tension
Envelope•Pacquet Oneida Inc•Page Printing Services•Pancho’s Press•Perkins Coie•Phototypographics•Pretty, Schroeder, Brueggemann and Clark•Rainbow Kids Hairstyling•Reynolds Metals•Richmond
Corporation•Royal Paper Box•San Fernando Valley •Community Mental Health Center Inc•Serritella and Paquette•Service Container•Box USA•4M Manufacturing•Southern California Coastal Water Research Project
Authority•Southern California Rehabilitation Services•Southwest Forest Industries•Spector Management Group•Los Angeles Coliseum•St. Joseph Center•Standard Garphic Arts•Standard Paper Box•Start Physical
Therapy•Step Up•Stone Container•Stu Kaplan MD•Sun Chemical•Sun Litho•Sunrise Intercommunity •Thacker Container Corp•Tharp and Berg•Thrifty Film•Ultra Graphics•US Printing Ink•Verdugo Mental Health
Center•Villa Express•Western Hand Centers•Westvaco•Wichita Manufacturing•Willamette•Industries•Windward School•Wolfer Printing•Styskal, Wiese and Melchione•Southern California Typographical Mailers
Union Local 17•Engineering Contractors Association•A & J Fanti Trucking•Pacific Indemnity Insurance Agency•News Media and Graphic Communication Union Local 773•Mental Health Association of
America•Hydraflow•Tele-Car•Hill Street •The Gormet•Shammas Family of Business•Title Court Service•Makarion Institute of Aeronautics•Semi Dice•Los Angeles Times•Los Alamitos Unified School District•Water
Wellness Center•Penske Automotive Group•Weiland and Golden LLP•Hawaiian Gardens Casino•Garden Grove City Employees•United States Army•Cerritos City Employees•Los Alamitos Medical Center•Sunny View
Care Center•Long Beach Legal Professionals Association•Bandai•SNR Graphics Inc•Orange County Opthamology Medical Group•HORIBA Group•La Mirada City Employees•Costco•Bienvendios•Greater Los Angeles
Chapter of the Association of Legal Administrators•Los Angeles County Sheriff’s Department•Santa Monica City Employees•US Department of Homeland Security•US Customs and Border Protection•Transportation
Security Administration•E.J. Salgado Inc•Hixson Backhoe Service•A.S. Peich Inc•A.C. Peterson Company•A.W. Davies Inc•Acme Rents Inc•Advanced Drainage Systems•Advanced Constructors•Aetna Casualty and
Surety•All American Pipe and Steel•Aman Environmental Inc•American Barricade Inc•Ameron International•Andrade and Muzol•Armstrong Painting and Waterproofing•Atkinson, Andelson, Loya, Ruud and
Romo•Ayala Boring Inc•B.R. Day Construction•B. Wayne Corp•Bali Construction Inc•Beecher Construction•Bejac Corp•Bengal Equipment•Booth and Simpson Insurance•Boral Resources•Vernonl•Boulder Inc•Brage
Construction•Brakke-Schafnitz and Associates•Brooks Products Inc•Butier Engineering•Buzco Construction•Calfon Construction Inc•California Pipeline Company•California Shoring Inc•Calmat Corp•Canepa Asphalt
Crushing•Case Power and Equipment•Cecon Company•Century Paving Inc•Clayton Engineering Inc•Coastline Equipment Company•Colich and Sons•Conac Software Inc•Cook Tractors Inc•Corporate Finance
Association•Crane Veyor Corporation•Crime Prevention Program•Crosby Insurance Inc•D.M. Kisling Construction•Damon Construction•Davis Taylor-Jett Company•De la Cruz Construction•DeNardi Equipment
Company•Dodge Construction News•Domar Electric Inc•Dorfman Construction•E. W. Harmon Contracting•Eberhard Equipment Corp•ECCO Equipment Corp•Ellison Pipeline Construction•Elmore Pipe
Jacking•Familian Waterworks•Ferri and Company•Fleet Lube Inc•Flow Mole Corp•G. R. McKervey Inc•Gary L. Howard CPA•George Masanovich Company•George Miller Construction Company•George Dakovich and
Sons•Giangregoriao Construction•Gill and Baldwin•Gladding McBean•Glenn M. Gelman and Associates•Greene’s Ready Mixed Concrete Company•Grgo and Gordon Grbavac•Hood Corp•Hydro Conduit
Corp•Industrial Asphalt•Inland Concrete•Isbell Material Company•J and J Equipment•J. Fletcher Creamer and Son Inc •Jack F. Mumolo Company•Jan Earnest Enterprises•Johnson Machinery Company•Kamine,
Steiner and Ungerer•Kawai Construction•Ken Thompson Inc•Kershaw Construction Company•Kingdon and Sons Inc•Koppl Company•S Construction•L. E. Weed Inc•Langan Bonds and Insurance•Law Offices of
Robert Weinberg•Law Offices of Mark C. Hargan•LDM Pipeline Inc•Leland Larson•Lesron Surety Insurance Agency•Lisak Construction Company Inc•Litka Rochette and Company•Livingston-Graham•Long Beach Iron
Works Inc•M.P. McCaffrey Inc•Mike Masanovich Construction•Mike Prlich and Sons•Mike Hixson Backhoe Services•Miramontes Construction•Mission Clay Products•Mitchell Pacific Construction•Mladen
Grbavac•Monte Collins Backhoe•Monteleone and McCrory•MVW Inc•Myles Equipment•Nancie’s Sweeping•Neenah Foundry Company•Negel, Knopfler and Pierson•Nick Tomovich and Sons Inc•Nixon-Egli Equipment
Company•Norman Bercich Insurance•Northwest Excavating•Northwest Pip and Casing•Nuevo Camino Constructors•Odom Corporation•On Top Sportswear•Orange Coast Petroleum Equipment•Orix Credit Alliance
Inc•P and F Distributors•P.W. Pipe•P.R. Burke Industrial•Pac-Coast Bond and Insurance•Pacific Clay Products•Pacific States Cast Iron•Papac Construction•Parkson Pipeline Division•Pascal and Ludwig Engineers•Paul
Herman CPA•Payne Engineering Inc•Pecel Enterprises Inc•Peck Road Gravel Pit•Pesado Construction•Peter C. David Company•Precision Road Boring•R.F. Paulus Inc•Randall Lumber Company•RGV Insurance
Agency•Rialto Concrete Products•Riverside Cement Company•Riverside Pipeline Company•Robert B. Longway Inc•Rudy Gaitan Diesel Dump•S and J Supply Company•S.S.C. Construction•S.F. Construction•S.J.
Burkhardt Inc•Salgado Construction•Sancon Engineering Inc•Sandoval Paving Company•Savala Equipment Company•Scanlon and Associates Insurance Brokers•Schmidt Construction•Shawnan Corp•Shepherd
Machinery Company•Silveri Construction Company•SMA Equipment Company Inc•Smith-Emery Company•Southern California Underground Construction•Southwest Concrete Products•Spiniello Construction
Company•Standard Concrete•Starlite Safety Supply Company•Stemar Equipment and Supply•Sullivan and Curtis•Superior Gunite•T.L. Pavlich Construction•T.A. Rivard Inc•The Rule Company•The Gallacher Company
Inc.•TLR Equipment Company•Tomar Engineering Inc•Tony R. Crisalli Inc•Toomey Industries•Traffic Control Services•Trench Plate Rental Company•Tricon Pipeline•US Rentals•Underground Shoring Specialists•United
Concrete Companies•United Nottingham BFI•Valverde Construction, Inc•VCI Inc•Vermeer-California•Beacon Concrete Inc•Vivian Trucking Inc•John T. Malloy Inc•Valdimir Popovich•WBE Concrete Company•Werner
Corp•Western Underground Construction•Western Waste Industries•Williams Supply Company Inc•Willis Corroon Corp•Y Tire Sales•Wells Supply Company•Stamps.com Service•Internal Revenue Service•US Treasury
Department•US Department of Justice•US District Court•US General Services Administration•US Securities and Exchange Commission•US Government Printing Office•US Attorneys Office•Los Angeles County
Department of Labor•US Office of Personnel Management•US General Accountability Office•US Department of Homeland Security•Office Inspector General•US Department of The Interior•Bureau Indian
Affairs•Federal Mediation and Conciliation Service•Western Regional Renegotiation Board•Federal Building Employees•US Department of Agriculture•Los Angeles
County Office of Inspector General•US Equal
Southland Credit Union | Annual
Report 2012
14
Employment Opportunity Commission•Interstate Commerce Commission•Office Works•Vavernik, Trine, Day and Company •CPM Financial •US Secret Service•HORIBA Group•US Marshals Service•US Public Defenders
Office•Executive Office for Immigration Review•US Drug Enforcement Administration•US Probation Department•Bureau of Alcohol, Tobacco and Firearms•US Bankruptcy Court•JH Management•Los Angeles City
Employees•Aramark Accounts•Staywell•Los Angeles Police Department•Downtown LA Motors•Corp Research and Engineering•Fabrication Production•Concrete and Steel Pipe•Pole Products•Steel•TAMCO•CTGS
Proudly Serving
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www.SouthlandCU.org
2925
BRANCHES
DOWNEY
8545 Florence Ave.
Downey, CA 90240
LOS ANGELES
200 S. Spring St.
Los Angeles, CA 90012
GARDEN GROVE
12860 Euclid St.
Garden Grove, CA 92840
LOS ANGELES (FEDERAL BLDG)
300 N. Los Angeles St.
Los Angeles, CA 90012
LOS ALAMITOS
10701 Los Alamitos Blvd.
Los Alamitos, CA 90720
SANTA MONICA
501 Colorado Ave., Suite 100
Santa Monica, CA 90401
MAILING ADDRESS
P.O. Box 7022
Downey, CA 90241-7022
In addition to our Southland branches, you have access to
over 6,800 shared branch locations worldwide.
Visit www.SouthlandCU.org to find a branch location near you.
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that’s more FREE ATMs than the largest banking network.
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PHONE
800.426.1917
WEBSITE
www.SouthlandCU.org
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