California
REGULATING AGENCY: California Department of Financial Protection and Innovation; Office of Credit Unions
California State Capitol
- Cloey Hewlett, Commissioner
- Greg Young, Senior Deputy Commissioner, Division of Corporations and Financial Institutions
- Purvi Patel, Deputy Commissioner of Credit Unions
- Joni Kimbrell, Chief Examiner for the Office of Credit Unions
- Website: dfpi.ca.gov/credit-unions
ACCREDITED: 1999
LEAGUE: California Credit Union League
- Diana Dykstra, Leagues President/CEO
- Website: ccul.org
PRIVATE SHARE INSURANCE: YES
2023 STATS
- Largest SCU: THE GOLDEN 1 CU $20.51B in assets
- Largest FCU: SCHOOLSFIRST FCU $28.71B in assets
| Second Quarter 2023 | SCUs | FCUs | Total CUs | % of SCUs/Total |
|---|---|---|---|---|
| Total Credit Unions | 113 | 151 | 264 | 42.80% |
| Credit Union Members | 8.04M | 5.76M | 13.79M | 58.26% |
| Credit Union Assets | $167.95B | $128.72B | $296.67B | 56.61% |
FUN FACT
The first movie theater opened in in Los Angeles in 1902. In 1947 Norma Jean was crowned Castroville’s first Artichoke Queen. She would become Marilyn Monroe
RECENT NEWS
Calif. Gov’s AI Order; CPPA on Cybersecurity Audit & Risk Assessment
Governor’s Executive Order on Artificial Intelligence
Sept. 22, 2023 — The order is rather extensive and largely calls for various state agencies and departments to conduct specific assessments, as well as provide reports on the risk AI poses to California’s energy infrastructure. It also issues guidelines for public sector procurement of generative AI based on White House and National Institute for Standards and Technology-issued guidelines.
CPPA on Cybersecurity Audit and Risk Assessment
The California Privacy Protection Agency (CPPA) recently published two new sets of draft regulations addressing cybersecurity audit and risk assessment. The CPPA has not officially started the formal rulemaking process but they will serve as the foundation for the process moving forward. Discussion of the draft regulations will be a central topic of the CPPA’s meeting on September 8. Read more
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