Ventura County Credit Union is now officially a Low Income Credit Union (LICU). This Low Income Designation, granted by the California Department of Financial Protection and Innovation, demonstrates VCCU’s commitment to supporting the underserved.
To receive Low Income Designation, a credit union must show that at least half of its membership is at or below the 80th percentile of area’s median income. Other factors that helped VCCU earn this designation include the financial support provided by both the credit union and its foundation, as well as VCCU’s financial education efforts, partnerships with organizations like MICOP and the Mexican Consulate, and designation as a Juntos Avanzamos credit union.