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The DBO issued a cease and desist order to Coceptive Credit Union (Coceptive) on April 26, 2018.

Apr 11, 2018

The order prohibits Coceptive from conducting business in California without a license and from using the phrase “credit union.” Coceptive is purporting to operate as a credit union at 345 California Street, San Francisco, California and 1055 West 7th Street, Los Angeles, California and over the internet at the website This entity is not licensed by the DBO and is not authorized to conduct business as a credit union in California. All persons who have communicated with Coceptive Credit Union are asked to contact the DBO’s Consumer Services Office at (916) 327-7585.