Question 1

What is California Lithuanian Credit Union?

Accepted Answer

California Lithuanian Credit Union (CLCU) is a state-chartered credit union headquartered in Santa Monica, California. Founded to serve the Lithuanian American community, CLCU has evolved into a full-service financial institution with approximately $148 million in assets and over 1,800 members as of 2025.

The credit union specializes in providing personalized financial solutions to members of Lithuanian descent and their families, as well as select community organizations. CLCU has been recognized nationally for its performance, earning a spot on S&P Global Market Intelligence's Top 100 Performing Credit Unions list in 2022.

Question 2

When was California Lithuanian Credit Union founded?

Accepted Answer

California Lithuanian Credit Union was founded in 1969 in Santa Monica, California. The credit union was established specifically to offer financial services to the Lithuanian American community in Southern California.

Since its founding over 55 years ago, CLCU has maintained its commitment to serving the Lithuanian community while growing into a comprehensive banking institution. The credit union operates with a volunteer Board of Directors, Supervisory Committee, and Credit Committee who represent member interests and focus on maximizing investment returns for the membership.

Question 3

Where is California Lithuanian Credit Union headquartered?

Accepted Answer

California Lithuanian Credit Union is headquartered at 2806 Santa Monica Boulevard in Santa Monica, California. The credit union maintains its primary operations at this Santa Monica location, serving as the central hub for member services and administrative functions.

Question 4

Where does California Lithuanian Credit Union operate?

Accepted Answer

California Lithuanian Credit Union primarily operates from its Santa Monica headquarters, serving members throughout California and beyond. The credit union has specific membership eligibility requirements based on Lithuanian heritage and community affiliation.

Membership is available to individuals of Lithuanian descent, those married to someone of Lithuanian descent, immediate family members of Lithuanian descendants, members of the Action Apartment Association of Santa Monica, and members of the Latvian Association of Southern California. Members can access services in person at the Santa Monica branch or through digital banking channels from anywhere.

Question 5

What services does California Lithuanian Credit Union offer?

Accepted Answer

California Lithuanian Credit Union provides a comprehensive range of financial products and services including:

Deposit Accounts: Savings accounts, checking accounts (share draft accounts), business accounts, retirement accounts (IRAs), and estate trusts.

Lending Services: Real estate loans, auto loans, personal loans, and business loans. The credit union emphasizes competitive rates and personalized lending solutions.

Digital Banking: A full-featured mobile banking app available for both iPhone and Android devices, offering account balance viewing, transaction history, fund transfers, remote check deposit, bill pay, alerts, and Pay a Person services. Online banking services include eStatements, bill pay, check ordering, member alerts, and loan applications.

Additional Services: Debit cards, domestic and international wire transfers, and bilingual services (English and Lithuanian - "Mielai aptarnausime lietuviškai").

Question 6

What makes California Lithuanian Credit Union unique?

Accepted Answer

California Lithuanian Credit Union distinguishes itself through its strong cultural heritage and community-focused mission. As one of the few credit unions specifically serving the Lithuanian American community, CLCU offers bilingual services and maintains deep connections to Lithuanian cultural organizations.

The credit union's volunteer governance structure ensures member interests remain the primary focus. CLCU emphasizes personalized financial solutions not typically found at larger institutions, with low operating expenses allowing the credit union to offer higher interest rates on savings and competitive loan rates.

CLCU has achieved national recognition for financial performance, ranking among the Top 100 Performing Credit Unions nationwide in 2022. The credit union's strong financial metrics include a net worth ratio exceeding 20% and consistent return on assets, demonstrating stability and strength built over more than five decades of service.

Question 7

What type of financial institution is California Lithuanian Credit Union?

Accepted Answer

California Lithuanian Credit Union is a state-chartered credit union regulated by the California Department of Financial Protection and Innovation (DFPI) and federally insured by the National Credit Union Administration (NCUA). Member deposits are insured to at least $250,000 and backed by the full faith and credit of the United States Government.

As a credit union, CLCU operates as a not-for-profit cooperative owned by its members. Each member has equal voting rights regardless of account balance. The credit union's field of membership is selective, focusing primarily on individuals of Lithuanian descent and their families, along with members of specific affiliated organizations.

This cooperative structure allows CLCU to prioritize member financial well-being over profit maximization, resulting in better rates and personalized service tailored to the Lithuanian American community's unique needs.

California Lithuanian Credit Union

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About California Lithuanian Credit Union in the United States