South Bay Credit Union has been proudly serving the community since 1953. Anyone who lives, works or worships in the community known as South Bay can have an account with South Bay Credit Union. We are proud of our roots, our ethics, our service and our unique design as financial cooperative.
South Bay Credit Union originally served the employees of the cities of Redondo Beach and Manhattan Beach and their families and was then known as Centinela-South Bay Credit Union. Over the years, the Credit Union expanded its member groups to include other organizations throughout the South Bay area. This expansion primarily focused on the public sector, including local school districts, fire, and police departments. In August 1993, the Credit Union changed its name to South Bay Credit Union.
In August 1998, Palos Verdes Schools FCU merged with SBCU and opened its second branch. Palos Verdes Schools FCU (PVSFCU) had its own rich history. Founded in 1961 when the district unified as a K-12 District, the office was located in the area for many years where purchasing is now on campus. The credit union served PVPUSD employees for 37 years before the members decided to seek a merger with South Bay Credit Union in order to access additional products and services. Former PVPUSD teachers Jerry Gaines and Perry Lynn joined as South Bay Credit Union volunteers and still serve today.
After nearly a half century of serving the South Bay community, SBCU officially changed it charter and became a community-based credit union on February 28, 2002 open to serve all who live or work in the South Bay.