1996 - Merged with Sunrise First Federal Credit Union, which served the employees of Simpson Paper Company.
1999 - Converted back to a state charter with a name changed to "Southland Civic Credit Union" and completed a merger with Los Angeles Internal Revenue Service Employees Federal Credit Union.
2001 - Merged with FAMCO Federal Credit Union, which served the employees of AMERON, now National Oilwell Varco.
2002 - Name changed to "Southland Credit Union" and corporate office is moved to Los Alamitos.
2009 - Merged with Cityside Federal Credit Union, formally the Los Angeles Times Federal Credit Union.
2011 - Acquired the Garden Grove branch of Fullerton Community Bank.
2012 - Merged with Santa Monica City Employees Federal Credit Union.
2014 - Merged with Westside Employees Federal Credit Union, which served the employees of Saint John's Health Center in Santa Monica and merged with Patriots Federal Credit Union in Tustin, which served legacy military personnel stationed at Marine Corps Air Station El Toro.
2017 - Merged with Harbor Federal Credit Union, which served the employees of Harbor–UCLA Medical Center in Carson.
Community charter
Southland Credit Union's community charter allows for Membership to residents and individuals, who work, worship or attend school in the following communities: Greater Santa Monica Area Gateway Cities
Select Employer Groups
Membership with Southland Credit Union is available to employees of approximately 300 Select Employer Groups, including:
As of December 31, 2013 Southland Credit Union had $5.91 million in non-current loans and owned real-estate with $61.02 million in equity and loan loss allowances on hand to cover it. This gives Southland Credit Union a Texas ratio of 9.68% which is rated Grade A. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend
The Texas Ratio for Southland Credit Union decreased slightly from 12.72% as of December 31, 2012 to 9.68% as of December 31, 2013, resulting in a positive change of 23.89%.This indicates that the balance sheet and financial strength for Southland Credit Union has improved slightly in recent periods. Deposit Growth
In the past year, Southland Credit Union has increased its total deposits by $327,000, resulting in 0.08% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Southland Credit Union has shown is above average. Capitalization
The Federal Deposit Insurance Corporation and the National Credit Union Administration consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Southland Credit Union has $481.02 million in assets with $61.02 million in equity, resulting in a capitalization level of 12.69%, which is rated "A+".
