WHO WE ARE
Rooted in the South Bay since 1968, CalCom combines community values with modern banking to help members thrive today and build a stronger tomorrow.
OUR JOURNEY
Our story began in 1968...
CalCom Federal Credit Union was founded as Licomto Federal Credit Union on February 28, 1968 serving the employees and family members of Little Company of Mary Hospital in Torrance, CA. As with most Credit Unions, a dedicated employee, Ms. Doris Anthony, conducted the entire Credit Union operation. Her knowledge and service has always been a great model for all employees as the Credit Union grew. Other employees have since then contributed their own time to the Credit Union by volunteering to serve on the Board of Directors, Supervisory Committee, and Credit Committee. Our founding directors were James Lester, James Riedel, Frank Scalsi, Robert McLemore, Graham Hall, Morton S. Greenberge, and Joseph Armon.
We expanded into the South Bay
In 2001, Licomto opened its field of membership to include health professionals within the South Bay and adopted the name South Bay Health Services Federal Credit Union to better describe this larger field of membership. South Bay Health Services continued to grow and entered into merger-partnerships with Copley Los Angeles FCU (September 2003), El Segundo Unified School District FCU (April 2005), the South Gate City Employees' CU (December 2005), CareConnections FCU (November 2009), ITT-GC Aerospace Controls FCU (February 2010), and Downey City Employees FCU (June 2013). The addition of so many “non-healthcare” Credit Unions into our field of membership led to the development of our current name, CalCom Federal Credit Union to represent all of the California communities that we serve.
We pioneered collaboration
CalCom has also been instrumental in pioneering collaboration amongst small “Shapiro” Credit Unions to help them reduce costs and increase efficiency. CalCom’s CEO was instrumental in developing a management concept for small Credit Unions called Shared Resource Solutions (SRS) where a single management team would operate several small Credit Unions while retaining their own identity, front-line employees and board of directors. In 2008, CalCom was one of the founders of the Southern California Credit Union Alliance (SCCUA) a non-profit group of Credit Unions founded on the concept of working together to reduce costs and increase efficiency for Credit Unions of all sizes.
We continue to grow and serve
CalCom Federal Credit Union is a not-for-profit financial institution. We are owned and operated by our members through a democratically elected Board of Directors. We are governed by the National Credit Union Administration (NCUA), a U.S. government agency. Staffed by full-time professionals, CalCom Federal Credit Union continues to offer an array of financial products and services. It has been a focused effort to bring the best technology, the most efficient operating methods, and competitive products and services all built around the foundation of a family to serve its ever-growing Credit Union membership.
Our Mission
To help our Members enhance their financial well being.
Our Vision
To become our Member's financial partner.
LEADERSHIP
Board of Directors
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Andy Doyle - Chairman
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Tony Vasquez - 1st Vice Chair
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Bill Kemp - 2nd Vice Chair
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Chris Riccardi - Secretary
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Jon Hernandez - Treasurer
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Anthony Trebino - Associate Board Member
Management
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Jon Hernandez - President/CEO
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Johnny Lee - VP Retail Services
Supervisory Committee
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Richard Redmayne - Chairman
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Peter Denvir - Member
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Cristina Rodriguez - Member
Asset-Liability Management Committee
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Julie Denvir - Chairman
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Jon Hernandez - Member
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Mila Nishimura - Member
WHAT IS A CREDIT UNION
A credit union is a financial institution. Similar to other financial institutions, a credit union can offer a wide range of products and services such as Savings , Checking, CDs (Share Certificates), Loans, and much more. There is not much of a difference between products of a credit union and a bank. So, what makes a credit union different from other financial institutions?
Unlike banks that are open to everyone, credit unions serve specific groups of people. At CalCom Federal Credit Union, joining is easy! You’re eligible for membership if you work for one of our Select Employee Groups, have a family or household member who’s already part of CalCom, or make a small donation to the Downey Rose Float Foundation. Becoming a member is simple—and opens the door to better banking built around you.
Select Employee Groups:
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24Hr Homecare LLC
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Astoria / G&E Healthcare Inc.
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Arroyo Verde Medical Group
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Bally Total Fitness
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Beach Reporter
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Briarwood Fasteners Inc.
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Catholic Healthcare West of Southern California
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California Hospital Medical Center
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Community Hospital of San Bernardino
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St. Bernardine Medical Center
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Glendale Memorial Hospital and Health Center
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Northridge Hospital Medical Center
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St. Mary Medical Center
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City of South Gate
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Daily Breeze Newspaper
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DeKing Screw Products
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El Segundo Unified School District
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Facey Medical Group
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GEM Healthcare, LLC
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Haskel Inc.
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HealthCare Partners Medical Group
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JLM Strategic Talent Partners Employees
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Kreiger Deburring
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La Salle Alumni Association of Southern California
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Los Feliz Gardens
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Metric Machining
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Nautilus International Holding Corporation
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Optimist Club of South Gate
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PacifiCare Health Systems
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Pacific Skies Aviation, LLC Employees and Students
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Palos Verdes News
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Partners in Care Foundation
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Physician Associates of the Greater San Gabriel Valley
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Professional Finishing Systems
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Prospect Manor
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Providence Little Company of Mary
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Medical Center San Pedro
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Medical Center Torrance
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Outpatient Centers
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Post-Acute Facilities
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Remo Inc.
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Regency Park Westwood, Inc.
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San Gabriel Valley Medical Center
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South Gate City Police Department
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Southern California Orthopedics Institute
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The Sullivan Group of Court Reporters
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Torrance Rose Float Members
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Transworld Shipping Employees
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Trinity Care
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UnitedHealth Group
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Valley Presbyterian Hospital
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VNA Care, Inc.
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A credit union is a cooperative wherein its members are its owners. The general membership is represented by an elected board of directors who are members themselves and serves without compensation for their time. Each member, regardless of their balances on their accounts, gets to cast one vote and are eligible to be nominated as a director.
Unlike for-profit financial institutions the main focus of a credit union as an institution is not for profit. Its main focus is to ensure its financial stability and sustain its growth to continually provide financial products and services to its members. In the process of doing business the credit union does make a profit, however a credit union's profit does not go into the pocket of shareholders or select individuals. It goes back to the credit union in the form of capital to further its stability as an institution, to new products and services, or back to the general membership in the form of higher dividends, lower loan rates, and lower fees.
As a CalCom Federal Credit Union member, you can take advantage of lower rates, higher savings dividends, and low or no fees. Such benefits are available to members, in part, because Congress granted credit unions a long-standing exemption from taxation, and with good reason.
Not-for-profit credit unions return profits to members, and are led by an all-volunteer Board of Directors who are not compensated for their services. Credit unions also help the financially under-served, including members with below-average incomes, or those with limited or damaged credit. Banks, however, earn billions in profit from customers of their choosing, and pass those profits on to stockholders.
Historically, credit unions have had broad support from Congress. In fact, Congress reaffirmed the tax exemption status of credit unions in 1998. However, led by the Bankers' Association, a subcommittee of the House Ways and Means Committee met last November with the sole intention of reviewing the credit unions' tax exempt status. For now, no recommendation has been made. But if our tax-exemption were revoked, our not-for-profit status and your credit union advantage would be in jeopardy.
As in all financial matters that affects you, we will keep you informed about this issue and work hard to protect your interests.
A credit union is a financial institution. Similar to other financial institution, a credit union can offer a wide range of products and services such as savings (regular shares), checking (share draft), certificates of deposits (share term certificates), loan products, and much more. Other than the name of the products, there is not much of a difference between products by a credit union and a bank. So, what makes a credit union different from other financial institutions?
FINANCIAL HEARTBEAT NEWSLETTERS
Financial Heartbeat is published by CalCom on a quarterly basis to let our members know about our products and services, special promotions, community involvement and important information about the Credit Union.
ANNUAL REPORT
2024 Annual Report
Get an overview of CalCom's 2024's happenings. Click here
CAREER OPPORTUNITIES
CalCom offers challenging positions in an innovative and fun environment. We believe that by investing in great people we are investing in ourselves. We are small enough to care on a personal level, yet think big enough to know what we need to grow our business and provide more opportunities for personal and professional growth. Join our team and learn about the Credit Union difference!
We are proud to be an equal opportunity employer.
Join the CalCom Team! We provide competitive compensation plan and benefit package that fosters work life balance.
Accepting Resumes!
Please send to Briana Fao at bfao@calcomcu.org.
