California’s financial institutions are symbols of safety and soundness. Their role in business and industry are important to the economy and to our own personal well-being. Maintaining the integrity of financial services remains our primary mission as the industry continues to grow.
The Office of Credit Union of DFPI licenses and regulates state-chartered credit unions. The Office of Credit Union is charged with the execution of the laws of this state relating to credit unions or the credit union business. As a result, the Office of Credit Union conducts periodic examinations of all California state licensed credit unions. The Office of Credit Union also reviews applications for certificates to act as a credit union, and issues those certificates when all qualifications for such have been met.
Statutory definition of credit union (FC 14002): A Credit Union is a cooperative, organized for the purposes of promoting thrift and savings among its members, creating a source of credit for them at rates of interest set by the board of directors, and providing an opportunity for them to use and control their own money on a democratic basis in order to improve their economic and social conditions. As a cooperative, a credit union conducts its business for the mutual benefit and general welfare of its members with the earnings, savings, benefits, or services of the credit union being distributed to its members as patrons.
How to reach us:
Department of Financial Protection and Innovation
Division of Financial Institutions
One Sansome Street, Suite 600
San Francisco, CA 94104-4428
Phone: (415) 263-8500
Fax: (415) 288-8830
CU Annual Audit Reports
for CPA and Supervisory Committee audit reports
CU Exam Responses
for exam responses and response updates
CU 5300 Call Reports
for 5300 related questions or inquiries
- 7/13/22 – The California Department of Financial Protection and Innovation (DFPI) is soliciting applications to fill a second vacant position on the Credit Union Advisory Committee for the 2022-2024 term. The first position became vacant in April. If you have already filed an application to serve on the Advisory Committee, DFPI will announce the candidates selected to fill both vacant positions after approval of both candidates.
The Credit Union Advisory Committee was created pursuant to California Financial Code section 14380 et seq. to “advise the Commissioner and the Deputy Commissioner of Financial Institutions for the Division of Credit Unions on matters relating to credit unions or the credit union business”. The Advisory Committee meets at least once per calendar quarter, typically via a virtual meeting.
California Financial Code section 14382 provides the following:
- Seven members
- Term is two years and a member may be reappointed.
- No compensation, reimbursement for expenses, or other payment from the state in connection with service on the committee.
DFPI strives to have broad representation on the committee and typically considers the following priorities when making recommendations for appointment to this position:
- Geographic representation.
- Small, Mid-Size, and Large credit unions.
- Fields of membership.
- Leadership in industry related state and national associations.
- Diverse backgrounds and experience.
If you are interested in serving on the Advisory Committee for the 2022-2024 term, please submit an email or letter by July 22, 2022, expressing your interest and summarizing your qualifications for service. Please include:
- areas of expertise
- details and challenges you face in your own credit union such as size, region, field of membership
- whether your credit union has private or federal insurance
- experience with hot issues in the current public policy environment, including serving unbanked consumers and consumers of color, pandemic financial challenges, financing affordable housing, and community reinvestment.
For further information or if you have questions. please contact Joni Kimbrell, Chief Examiner at Joni.Kimbrell@dfpi.ca.gov.
Tools and Resources
Credit Union Forms
Notice to Individual – Use of Information
- DFPI 301 – Summary of Merger Approval Process – Credit Unions (PDF)
- DFPI 310 – Sample Form of Application – Credit Unions (PDF)
- DFPI 320 – Plan of Merger – Credit Unions (PDF)
- DFPI 330 – Sample Form of Notice of Merger – Credit Unions (PDF)
- DFPI 340 – Sample Form of Officers’ Certificate Regarding Giving of Notice – Credit Unions (PDF)
- DFPI 350 – Sample Form of Certificate of Merger of Surviving Credit Union (PDF)
- DFPI 360 – Sample Form of Certificate of Merger of Disappearing Credit Union (PDF)
- DFPI 380 – Credit Union Official – Questionnaire (PDF)
- DFPI 390 – Application for Approval to Form a Credit Union (PDF)
- DFPI 391 – Organizing a State Credit Union Information Booklet (PDF)
- DFPI 550 – Emergency Contact Person Information (PDF)
Credit Union 5300 Call Reports
Key Consumer Links
News & Info Links
Credit Union Quarterly Statistics
Dec 31, 2022
- 4th Quarter: Profile of California Credit Unions (PDF)
- 4th Quarter: Credit Union Peer Group Comparisons (PDF)
- 4th Quarter: Selected Financial Data by Credit Union (PDF)
Sep 30, 2022
- 3rd Quarter: Profile of California Credit Unions (PDF)
- 3rd Quarter: Credit Union Peer Group Comparisons (PDF)
- 3rd Quarter: Selected Financial Data by Credit Union (PDF)
June 30, 2022
- 2nd Quarter: Profile of California Credit Unions (PDF)
- 2nd Quarter: Credit Union Peer Group Comparisons (PDF)
- 2nd Quarter: Selected Financial Data by Credit Union (PDF)
March 31, 2022
Credit Union Archived Statistics
- 2021 Credit Union statistics
- 2020 Credit Union statstics
- 2019 Credit Union statstics
- 2018 Credit Union statstics
- 2017 Credit Union statstics
- 2016 Credit Union statstics
- 2015 Credit Union statstics
- 2014 Credit Union statstics
- 2013 Credit Union statstics
- 2012 Credit Union statstics
- 2011 Credit Union statstics
- 2010 Credit Union statstics
- 2009 Credit Union statstics
- 2008 Credit Union statstics
- 2007 Credit Union statstics
- 2006 Credit Union statstics
- 2005 Credit Union statstics
- 2004 Credit Union statstics