California

REGULATING AGENCY: California Department of Financial Protection and Innovation; Office of Credit Unions

California State Capitol

ACCREDITED: 1999

LEAGUE: California Credit Union League

PRIVATE SHARE INSURANCE: YES

STATS: (As of June 2021)

Total Number of Credit Unions: 286

  • TOTAL # SCUs: 121
  • TOTAL # FCUs: 165
  • SCU % OF TOTAL (SCUS #/STATE TOTAL #): 42%

Total Assets: $266,958,681,359

  • TOTAL $ SCU ASSETS: $150,664,615,814
  • TOTAL $ FCU ASSETS: $116,294,065,545
  • SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 56%

Total Members: 13,058,398

  • TOTAL Members SCUs: 7,609,811
  • TOTAL Members FCUs: 5,448,587
  • SCU % OF TOTAL (SCUS/STATE TOAL): 58%

FUN FACT: If it were a country, California would have the eighth-largest economy in the world, beating out Italy, Russia, and India.


RECENT NEWS:

Governor Newsom Announces Appointment of Clothilde Hewlett as Commissioner at the California Department of Financial Protection and Innovation

Sep 29, 2021 — Clothilde Hewlett, 67, of San Francisco, has been appointed Commissioner at the California Department of Financial Protection and Innovation. Hewlett has been Executive Director and Chief Legal Officer at the Cal Alumni Association since 2016. She was a Partner at Nossaman LLP from 2009 to 2016. Hewlett was a Partner at K&L Gates LLP from 2003 to 2009 and Interim Director at the California Department of General Services from 2002 to 2003.

Hewlett was Undersecretary at the California State and Consumer Services Agency from 1999 to 2003. She was Director of Moral Character Determinations at the State Bar of California from 1991 to 1999. Hewlett held several positions at the San Francisco District Attorney’s Office from 1979 to 1991, including Assistant District Attorney and Special Prosecutions Criminal Investigator. She is a founding member of the Black Women Lawyers Association of Northern California. She earned a Juris Doctor degree from the University of California, Berkeley School of Law.

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