Pacific Marine Credit Union

Pacific Marine Credit Union

Type	Credit union
Industry	Financial services
Founded	1952
Headquarters	Oceanside, California, United States
Number of locations	11 branch locations
Area served	San Diego County, Riverside County, and San Bernardino County
Key people	Bill Bernie, President/CEO Richard B. Rothwell, Chairman
Products	Savings; checking; consumer loans; mortgages; credit cards; online banking; car loan; home loan
Total assets	$725 Million USD (2016)
Website	www.pmcu.com

Pacific Marine Credit Union (PMCU) is a not-for-profit credit union that is chartered and regulated under the authority of the National Credit Union Administration (NCUA) of the U.S. federal government.

PMCU is based in Southern California with branch locations in Oceanside, San Marcos, San Diego, Temecula, Barstow, and Yucca Valley. They also have branches aboard MCB Camp Pendleton, MCRD San Diego, and MCAGCC 29-Palms.^[1]

Pacific Marine Credit Union, as of 2013, has more than $700 million in assets and 77,000 members.^[2]

Membership

Pacific Marine Credit Union is owned and governed by its members. Like all credit unions, they have a field of membership that designates who may join. To qualify for membership you must live, work, or worship in San Diego County, Riverside County, or San Bernardino County, or be an immediate family member of a current PMCU member.^[3] Also, per the NCUA's bylaw of "once a member, always a member" membership with PMCU may continue should the member decide to relocate.

Services

Like other financial institutions, PMCU offers products that include savings accounts, checking accounts, certificates, consumer loans, mortgages, home equitys, lines of credits, credit cards, online banking, as well as some small business services. Pacific Marine Credit Union also offers more extensive investment services, online brokerage services, and insurance through Pacific Marine Financial Group.

As a financial cooperative, PMCU offers access to nearly 30,000 surcharge-free ATMs nationwide, 9,000+ of which are deposit taking.^[4] In addition, there are nearly 5,000 credit union branches and over 2,000 self-service locations through the shared branching network.^[5]

Pacific Marine Credit Union is a full-service financial institution that offers a wide array of products and services through their official website PMCU Online or by visiting any branch location.

History

• Founded in 1952, Pacific Marine Credit Union began aboard MCB Camp Pendleton and was originally chartered as Camp Pendleton Federal Credit Union. The initial charter was for membership of active and retired civil service employees.
• In 1955 the charter was expanded to include active and retired military personnel.
• In 1965 the credit union merged with Naval Ammunition Depot Federal Credit Union.
• In 1968 a merger took place with 29 Palms Credit Union.
• In 1975 the name changed to Marine Corps West Federal Credit Union, and a new headquarters was constructed aboard MCB Camp Pendleton.
• In 1980 a merger with Marine Corps Recruit Depot occurred.
• In 1982 they merged with Barstow Community Federal Credit Union. They also added the U.S. National Training Center at Fort Irwin to their charter.
• In 1995, the credit union assumed administrative management of the Recruit Direct Deposit Program. The program was so successful that Pacific Marine was awarded the "Golden Hammer Award" in 1997 by Vice President Al Gore for reducing government waste.^[6]
• In 2002 they changed from a Federally Chartered to a State Chartered (Community) credit union, which included the counties of San Diego and San Bernardino. This is also when the name changed to what it is known as today, Pacific Marine Credit Union (PMCU).
• In 2004 Riverside County was added to the field of membership.
• In 2010 PMCU moved their headquarters from MCB Camp Pendleton to Oceanside

Notes