Matadors Community Credit Union Celebrates Golden Anniversary

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Matadors Community Credit Union (MCCU) is celebrating their 50th year in business and in the North San Fernando Valley community.

MCCU Celebrates Its 50th Year in Business!

One of the keys to our success is our people. We have a number of staff who have been with the company over 20 years and their knowledge and vast experience is both invaluable to the credit union and comforting to our members.

Matadors Community Credit Union (MCCU) is celebrating their 50th year in business and in the North San Fernando Valley community.

Matadors Community Credit Union (MCCU), formerly Matadors Federal Credit Union, was founded in 1963 by a group of San Fernando Valley State College (now Cal State Northridge, or CSUN) professors to fill a financial need for the faculty and staff of the university. The Credit Union had total assets of $13,500 at that time.

The Credit Union’s first branch was on the 4th floor of the Library, operating Tuesdays and Thursdays from 12:00pm to 1:00pm. In 1964, the Credit Union moved its operations to Room 204 in the North Sierra Tower on campus, which was a faculty office. In later years, the office was moved to a small office in the Administration building, then to an old farmhouse on campus on Etiwanda Avenue. In 1986, the Credit Union purchased its first building which became the Northridge branch on Reseda Boulevard, one block from campus. In 2003, MCCU moved its administrative offices to Chatsworth, where they now have their second branch.

Over the years, MCCU expanded its membership base to include individuals affiliated with Cal State Northridge University, including students, alumni, athletic boosters, faculty, and staff. In 2001, MCCU received a State charter allowing the credit union to open up its membership to anyone who lives, works or worships in the San Fernando, Simi or Santa Clarita Valleys.
The Credit Union has been named Best Credit Union by the readers of the Los Angeles Daily News four times, most recently in 2012. MCCU remains financially safe and sound, continually receiving high star ratings from Bauer Financial.

Throughout 2013, MCCU will be celebrating their longevity in the community with its members, with promotions and a special anniversary celebration event. For more information on MCCU’s anniversary, please visit http://www.matadors.org.

MCCU currently has $139 million in assets and serves almost 12,000 members.

“As we celebrate our Golden Anniversary with our community and our loyal members, we remember our roots, the reason why the credit union was founded,” says MCCU President and Chief Executive Officer Dale Verderano. “We are here to help our members achieve their goals whatever they may be, from starting a new business to sending their child to college or purchasing their first home, with the same ‘small town’ member service and convenient and affordable products and services our members deserve.”

Verderano added, “One of the keys to our success is our people. We have a number of staff who have been with the company over 20 years and their knowledge and vast experience is both invaluable to the credit union and comforting to our members.”

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Marnie Nemcoff
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