Mission Statement

Sacramento Credit Union's mission is to provide prompt, competitive, quality consumer financial services to our members in a friendly, professional, and prudent manner.

What is a Credit Union?

The credit union concept originated in Germany in 1849 when a group of townspeople pooled their funds to save their village from financial ruin. Edward Filene, known as "the Father of the Credit Union Movement," formed the first credit union in the United States in 1908 in New Hampshire. The idea gained popularity rapidly all across the nation, and in 1934 the Federal Credit Union Act was created, enabling credit unions to incorporate under a federal charter.

Credit unions are owned and operated by their members, making them very different from other financial institutions. Typically formed by people who have something in common, such as general employment, credit unions serve as a source for saving and borrowing money. Here's how it works -- members deposit their money into various savings and investment accounts. The money in those accounts is then loaned to other members who pay it back with interest. That income pays for the credit union's operating expenses and reserve requirements, and the rest is returned to members in the form of dividends (interest on deposits) and other services.

"Not for profit. Not for charity. But for service." The credit union slogan says it all -- credit unions are not in it for the money; they exist for the sole purpose of serving their membership. That means higher dividends on savings and lower interest rates on loans. There is no select group of shareholders, so all of its members profit.

It Pays to Become an SCU Member!

Sacramento Credit Union (SCU) is a cooperative, owned and operated by its members. This is what distinguishes the Credit Union from other financial institutions. Members put their money in a variety of savings accounts called "share" accounts, and that money, in turn, is lent to members. After operating expenses and reserve requirements are met, loan income is returned to all members in the form of dividends (interest on deposits) and comprehensive financial services.

SCU is a state-chartered, community credit union, organized under strict regulatory laws that are monitored and enforced by the National Credit Union Administration, an agency of the U.S. Government, and the State of California Department of Financial Institutions. The NCUA insures each member account to at least $250,000.

SCU is governed by a Board of Directors that establishes and reviews policy. The Directors are Credit Union members who are elected by the membership and serve without pay. Every member has one vote, regardless of how much he or she has on deposit. At the Credit Union, there is no select group of shareholders that profits more than anyone else. All members profit -- individually and collectively.


  • Any and all persons who live or regularly work in El Dorado, Placer, Sacramento, Solano, Sutter, Yolo and Yuba Counties, California, as well as any and all businesses, corporations, and/or other legal entities in the aforementioned counties

Join Us Today

We offer three convenient ways to join the Credit Union if you meet SCU's eligibility requirements:

1. Get Online!

Complete our simple online membership application.

2. Visit an SCU Branch Location.

Come into any of SCU's local branch offices and one of our Financial Services Officers will gladly assist you with the membership application process.

To open an account at a branch:

  • Bring a driver's license, plus proof of eligibility to join the credit union, (i.e. pay stub, employer ID badge, business card)
  • Bring a document showing a social security number such as Social Security Card or a copy of a Social Security Card
  • Bring cash or a check for at least $30.00 ($55.00 if you are opening both a Savings and a Checking Account) payable to "Sacramento Credit Union." A one-time $5.00 non-refundable membership fee will be deducted from your initial deposit.

Special Notice on Membership Application Procedures

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

Contact us at (916) 444-6070 or (888) SACTO-01(888-722-8601)

Fax: (916) 449-2785