Fifteen members and a federal charter to serve the Torrance city employees began the foundation of Torrance Community Credit Union. Our first office was located in building we now occupy at 1511 Cravens Avenue in Historic Downtown Torrance. 60 years ago, opening a credit union membership required $5 in a share account.
Today, that is the same requirement. Even though we have grown from 15 members and $15,000 in assets to more than 7200 members and $130 million in assets, our standards of prompt personal service remains unchanged. We are advocates for the financial well-being of our members. Over the years, membership eligibility expanded to include those living or working in Torrance, Redondo Beach, Palos Verdes, Hawthorne, Lawndale and Lennox.
Today, that is the same requirement. Even though we have grown from 15 members and $15,000 in assets to more than 7200 members and $130 million in assets, our standards of prompt personal service remains unchanged. We are advocates for the financial well-being of our members. Over the years, membership eligibility expanded to include those living or working in Torrance, Redondo Beach, Palos Verdes, Hawthorne, Lawndale and Lennox.
Services
New & Used Auto Loan
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Up to 100% financing is available. Rates shown are for Platinum credit and include a 0.25% APR rate reduction with Direct Deposit & Auto Pay for loans of over 100% loan to value. All loans subject to credit approval. Actual rate received is based on credit qualifications. See loan department for complete details.
Checking & Savings
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Start your membership by opening a Primary Savings Account with a $5 minimum balance. Your Primary Savings Account is an interest-bearing account at Torrance Community Credit Union. See all the savings options on our Rate sheet. We won't charge you a fee at our (or any) ATM. If you use a Non-CO-OP ATM, you might be charged a fee.
Certificate Accounts CD
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Choose from a variety of deposit accounts to suit your needs. From 30-day Certificates of Deposit with $1,000 minimums to Platinum 24-month $100,000 minimum IRA Certificate accounts, TCCU offers short-term and long-term savings options. Whether you're saving for your child's education, a large purchase, or your retirement, we have the right deposit product for you.
Individual Retirement Accounts IRA
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TCCU offers three different types of Individual Retirement Accounts: Traditional, Roth, and Coverdell Education Savings. A Traditional IRA offers tax-deferred earnings and the possibility of tax-deductible* contributions. A Roth IRA is funded by non-deductible contributions but gives owners the opportunity for tax-free* withdrawals.
Insurance
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Insurance protection is part of a solid financial plan. From getting a good rate on coverage for your car to making sure your life insurance is adequate, dependable insurance coverage ensures financial relief when you need it. And along the way, you'll take comfort in knowing you're protected. TruStage insurance products and programs help members protect what matters most.
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