Downey School Employees Federal Credit Union was founded in July 1957, by 8 Downey Union High School District employees to assist in the financial needs of its employees. Fast forward to 1974, when a merger with Downey Community Hospital Federal Credit Union expanded our field of membership to include Downey Community Hospital employees, and then to 2000, where your Credit Union became a community charter. Over the years, our name changed from its original Downey School Employees Federal Credit Union, to Downey Schools FCU, to our current name of Downey Federal Credit Union (DFCU), to better identify our field of membership. Now open to everyone who lives, works, worships and goes to school in Downey, in addition to their family members, DFCU has grown to over 14,000 members and now stands at a healthy $205 million in assets.
As a diverse community-based financial institution, our mission is to offer a full spectrum of low-cost, secure financial products and services to our valued members, in an environment of personalized and friendly service. While we provide most of the financial options of the "big banks," DFCU is driven by a philosophy that sets us apart, as reflected in our Vision and Mission Statement, as well as our Core Values, which exemplify our commitment to serve the financial needs of our members from childhood through retirement.