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Morongo tribe opens new CU in California
CABAZON, Calif. (3/2/09)--The Morongo Band of Mission Indians has opened First Californian Credit Union on its reservation in Cabazon, Calif. The credit union is part of the American United Family of Credit Unions FCU, a $58.8 million asset credit union in Salt Lake City, Utah, says the credit union's website. First Californian was developed with the California Indian Consortium to provide financial and banking services and financial education to Morongo tribal members and their families, Morongo employees, and vendors. It will employee a branch manager and two loan processors (The Record Gazette Feb. 27). The new credit union will offer lending services such as vehicle loans, personal loans, mortgages, recreational vehicle and student loans. Savings services include money market, dedicated savings, individual retirement accounts, certificates of deposit or Christmas Club savings. It also will offer student saver bundles for college-bound students, direct deposit of disability or Social Security payments, and a credit analyzer to help members raise credit scores by managing their debt better. It also will offer online banking. The credit union will be regulated by the National Credit Union Administration, said tribal officials.


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