Our History

Historical Timeline

1926

The Credit Union was organized as “The Los Angeles Postal Employees Savings and Loan Club.” Deposits were $184.00. Six loans were on the books totaling $244 with 76 members.

1929

The Credit Union formally changed its name to “Postal Credit Union of Los Angeles” and was granted State Charter.

1955

The Credit Union assets were $10,431 and home and furniture loans were introduced.

1971

Manual processing transformed into a computerized system.

1982

IRAs became available for retirement savings.

1986

Share Drafts (checking) accounts were introduced.

1989

Our Los Angeles Branch was opened inside the new General Mail Facility (GMF) on Central Avenue. The facility is currently known as the Los Angeles Processing and Distribution Center (LAP&DC).

1990

Credit Union headquarters moved to its current location in South Pasadena.

1992

The Credit Union expanded with the merger of Van Nuys Postal Federal Credit Union membership and the Select Employer Groups (SEGs).

• The first ATMs were installed at the then GMF and Worldway facilities.
• The Credit Union joined the CO-OP ATM network to allow our members the convenience of utilizing over 30,000 nationwide ATMs — surcharge-free.
• The Credit Union introduced “in-house” over-the-counter check processing.

1993

VISA cards were added to our product availability.

1997

Home Banking was introduced.

1998

The Youth Express Club (now known as the P1-4k Club) was established for kids.

1999

Electronic bill payment was introduced.

2000

PCULA expanded its field of membership and changed its name to “Priority One Credit Union.”

2001

The Santa Clarita Valley was added to membership.

2003

The Credit Union expanded with the merger of Provident First Credit Union membership (a hospital credit union). The San Fernando Valley was added to membership.

2006

Added Inland County Postal Credit Union membership.

2008

Joined Shared Branch Network — more than 5,000 credit-union shared branches nationwide.

2008–2009

Survived the Great Recession (many others did not).

2014

The City of South Pasadena was added to membership.

2016

Introduced online chat capabilities and digital banking.

2018

Credit Cards were added to the loan products.

2019

Upgraded digital banking experience with new desktop and mobile apps (mobile deposit, P2P, location search, secured messaging).

2020

Enhanced site with online account opening and modernized services.

2021

Digital wallets added for additional security and convenience.

2022

Website revamped: mobile-first design and ADA accessibility, with new chat capabilities.

2023

Added appointment scheduling to website chat system.

2024
Launched Zelle and new contactless cards. We are dedicated to improving your Financial Future Through Digital Channels! We are committee to providing you products and services that help you Achieve and Protect Your Financial Fitness

Current Membership Scope

Current membership eligibility includes USPS employees and their families (from the Bishop County line to the Arizona border), over 20 Select Employer Groups (SEGs), and people living, employed, attending school or worshiping in the San Fernando Valley, Santa Clarita Valley, or the City of South Pasadena. Leadership including current President/CEO contributed to adding products and services for member financial fitness.