SCE FCU was organized in 1952 and has a history of solid financial performance and member satisfaction.  We have remained dedicated to the unique principles of a financial not-for-profit cooperative, where our members are owners, not customers.

Our bottom line is driven for quality service, not for profit.  We return profit to our members in the form of lower interest rates on loans and higher yields on savings, and a commitment to personalized service and respect.

Mission Statement
SCE FCU maintains a strong financial position while providing exceptional financial solutions to members, a professional work environment that promotes employee growth and opportunity, and actively supports community efforts with affiliated groups, while maintaining a strong financial position.

Vision Statement
Each One, Reach One and Then One More

SCE FCU - Past, Present & Future.
SCE FCU was founded on May 6, 1952, by Local 47 IBEW.  In 1971, membership was opened to all Edison employees and their families.  Then, payroll deduction was introduced and the Credit Union’s name was changed to SAVE (Southern Area Voltage Employees) Federal Credit Union.  In 1979, the name was changed to more closely identify with its sponsor – Southern California Edison Company Employees Federal Credit Union.

In 1991, a new President/CEO was appointed and a new name -- SCE Federal Credit Union and a new corporate look was launched.  In 1996, we merged with two credit unions… Classic Federal Credit Union and Sierra Vista Federal Credit Union.  The structure of these mergers allowed the Credit Union to expand its membership to such employee groups as Coca-Cola Bottling, DeVry Institute of Technology, Mt. Sierra College, Metrum-Datatape, to name only a few.

The financial integrity and stability of our institution have remained a steadfast source of confidence for our members for over five decades.  For the 15th consecutive year, Bauer Financial Reports, Inc. has given SCE FCU its highest possible Five Star Rating.  This places your Credit Union among the top 5% of all credit unions nationwide.  Additional endorsements of the Credit Union’s stability have come from the National Credit Union Administration granting its highest rating, and a statement of compliance from our Certified Public Accountants, Turner, Warren, Hwang & Conrad
Accountancy Corporation.

Other measures of financial health and operating performance include:

• Total assets have continued to increase and now exceed $375 million for the year 2006.
• In October 2006 our capital, or net worth ratio, stood at 11.97% -- well above the 7% level that our Federal regulators consider well captialized.
• Loan growth has increased more than 8% in 2006.
• Delinquencies and loan loses remain well below acceptable limits as is reflected in that over 99% of our loans are repaid as agreed.  This statistic is a tribute to the high principles and sound character of our members.

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