We’re excited to announce that 2026 marks our 90th Anniversary of serving WPCCU members. It’s an amazing milestone for us in helping families achieve their financial goals and more.
Ninety years of success would not have been possible without your unwavering support. Since 1936, your loyalty and trust have powered our journey. We’re proud to serve you and grateful that you continue to choose us.
90 Years of Putting Members First
- 1934: Federal Credit Union Act becomes law, creating the federal credit union charter
- 3/26/1936: Los Angeles Water and Power Employees Credit Union founded by 10 LADWP Employees
- 10/19/1936: The Credit Union opened its doors at 207 S. Broadway, Los Angeles. First President: E.G. Alberts. Accounts offered: Savings ($2,000 max), Loans ($200 max)
- 1937: An amendment to the Federal Credit Union Act: Special tax exemption for federal credit unions. Second President: George C. Sopp
- 1940: Established LADWP payroll deduction to the Credit Union
- 1954: Herman T. Guayante named Credit Union Manager, later CEO. Longest term of any credit union officer (until 1985)
- 1963: Over $13 million in assets. Main office: 311 S. Spring Street, Los Angeles, later moved to LADWP building on Hope Street. Opened two additional branches in Van Nuys and Downtown Los Angeles
- 1964: 23 employees, 3 branches. Obtained an IBM machine for accounting, ending an era of hand posting
- 1966: 30th Anniversary. 16,000 members, $17 million in assets
- 1971: $29 million in assets – Top 25 largest credit union in California. Established Loans by Phone. Purchased property at 1053 W. Sunset Blvd., the Credit Union's future headquarters
- 1974: Adopted new name: “Water and Power Credit Union”
- 1979: Checking accounts and credit cards now available
- 1983: $100 million in assets. Established first ATM
- 1985: Herman T. Guayante retires after 30 years as the Credit Union CEO. Robert Rose named President and CEO. Personal computers introduced
- 1988: Reached $185 million in assets
- 1991: Carl E. Stewart named President and CEO. 30,000 members, $231 million in assets. Added Select Employee Groups. WPCCU became a member of the credit union shared branch system
- 1996: Introduced PC Express (now Online Banking)
- 2006: 70th Anniversary of service to the community of Los Angeles
- 2008: Reached $500 million in assets
- 2009: Introduced Mobile Banking
- 2010: All branches, except Hope Street, become credit union shared branches, joining the 6,400 other branches that serve participating credit union members across the nation
- 2011: 75th Anniversary. Five branches. 24/7 online mobile, and telephone support. $458 million in assets and 42,000 members
- 2016: 80th Anniversary, “The Magic of Membership”. Carl E. Stewart retires after 25 years as CEO. Barry Roach named President/CEO
- 2018: Established new Online and Mobile Banking platform. Membership Expansion: Los Angeles County
- 2021: 85th Anniversary. Membership expansion to San Bernardino County
- 2023: Mike Tufegdzich named President and CEO. Over $970 Million in assets
- 2024: Expanded chat options with AquaPowerBot®. Enhanced AI-based technology for fraud prevention
- 2025: Established new contactless debit cards. 3x certified Great Place to Work®
- 2026: WPCCU celebrates “90 Years of Putting Members First”