How to Open an Account

Please Visit Our Branch During Business Hours
(Accounts can only be opened in our office. Forms are not available online.)

Must bring the following items:

  • UNEXPIRED government-issued photo ID: Driver’s License, Passport, Military ID, or US Permanent Resident (Green) Card.
  • Social Security Number (for minors please provide the original card)
  • Minimum of $5.00 opening deposit
  • If opening a joint account, both parties must be present at the same time

(Address provided must match the one on the government-issued photo ID. If they do not match, please provide proof of current residence.

Field of Membership

Olive View FCU serves an exclusive field of membership-the employees and the following are eligible to join OVFCU:

  • Acton Rehabilitation Center
  • Antelope Valley Health Center
  • Antelope Valley Mental Health
  • Department of Public Health Employees assigned to Service Planning Area (SPA) 1 (Lancaster/Palmdale) and 2 (San Fernando and Santa Clarita Valleys)
  • Glendale Health Center
  • Glendale Health Center campuses
  • Employees of Los Angeles County who work Olive View-UCLA Medical Center
  • High Desert Regional Health Center
  • ITT Exelis located in Van Nuys
  • LA County Sheriff Department employees working on Olive View-UCLA Medical Center
  • Lake Los Angeles Community Clinic, Littlerock Community Clinic
  • Mid-Valley Comprehensive Health Center
  • San Fernando Health Center
  • South Valley Heath Center

Membership in Olive View Federal Credit Union is also available to the immediate family of qualified members, including spouse, son, daughter, step-children, father, mother, grandfather, grandmother, step-parents, grandchildren, brother, sister, or in-law, life partners or retirees.

Who We Are

On Valentine’s Day, February 14, 1936, the approved charter to operate a Federal credit union was issued, beginning the Olive View Federal Credit Union.

The credit union is sponsored by Olive View-UCLA Medical Center, one of the County of Los Angeles, Department of Health Services, major medical centers, serving the uninsured, underinsured, and low income residents of the San Fernando, Santa Clarita, and Antelope Valleys.

The modern hospital of steel and glass grew from something quite different, a collection of small wooden cottages and wards started in 1920 to treat tuberculosis (TB) patients. This “cottage” plan provided patients with lots of fresh air and sunlight, and screened-in porches where patients often slept even in cold weather.

Patients, families, and physicians lived on the grounds. They had their own barber shop, library, dance hall, post office, chapel, and provided not only medical care for the patients, but also provided mental health services for all who lived on the grounds. There were even some underground tunnels built so that patients and doctors could go from one location to another.

Out of this cottage community came the realization that accessible banking was necessary. And so the birth and approved charter of the Olive View Federal credit union.

Olive View officially became a general hospital in 1959, focusing on cardiac disease and the indigent mentally ill. Because it was difficult to care for this new patient population in the existing small wooden cottages, a new modern building was needed. While no longer needed to provide patient care, the cottages were assigned to staff who supported hospital services. This included the credit union, whose office is located in a converted cottage.

From 1936 to present day, Olive View Federal Credit Union has thrived and grown. Its original field of membership included only the employees at Olive View Sanatorium, members of their immediate families, and any association of such employees. Today, the field of membership has expanded to include employees of Los Angeles County who work Olive View-UCLA Medical Center, Mid-Valley Comprehensive Health Center, Glendale Health Center, San Fernando Health Center, Acton Rehabilitation Center, Antelope Valley Health Center, High Desert Regional Health Center, Lake Los Angeles Community Clinic, Littlerock Community Clinic, South Valley Heath Center, Department of Public Health Employees assigned to Service Planning Area (SPA) 1 (Lancaster/Palmdale) and 2 (San Fernando and Santa Clarita Valleys), Antelope Valley Mental Health, LA County Sheriff Department employees working on Olive View-UCLA Medical Center, Mid-Valley Comprehensive Health Center, San Fernando Health Center, and Glendale Health Center campuses, as well as ITT Exelis located in Van Nuys.

Membership in Olive View Federal Credit Union is also available to the immediate family of qualified members, including spouse, son, daughter, step-children, father, mother, grandfather, grandmother, step-parents, grandchildren, brother, sister, or in-law, life partners or retirees.

Over the years, the credit union has consistently increased its assets with ongoing high levels of due diligence and a broad spectrum of external and internal controls. Credit risk is low because the credit union has an adequate lending program with detailed policy. 70% of loans are collateralized and the majority of loans are paid through payroll deductions. The credit union has good underwriting standards and has made improvements in the collection of delinquent loans. Interest rate risk is low because the credit union has a laddered investment portfolio, with 63% of investment portfolio in instruments with less than one year maturity allowing for significant to adjust if interest rates rise. Liquidity risk is low because the credit union has ample liquidity and has established a contingent line of credit for $2 million with Catalyst Corporate CU. Transaction risk is moderate because there are few items which require improvements. Compliance risk is low because the credit union runs a strong Bank Security Act and compliance program. Strategic risk is low because the credit union is performing very well and has established reasonable goals. Reputation risk is low because the credit union fosters a good relationship with members.

Holiday Closings

The Credit Union is open all year round except for the following Holidays:

  • Monday, January 02, 2017 - New Year’s Day
  • Monday, January 16, 2017 - Martin Luther King, Jr Day
  • Monday, February 20, 2017 - Presidents’ Day
  • Friday, March 31, 2017 - Cesar Chavez Day
  • Monday, May 29,2017 - Memorial Day
  • Tuesday, July 4, 2017- Independence Day
  • Monday, September 4,2017- Labor day
  • Monday, October 09, 2017 - Columbus Day
  • Friday, November 10, 2017 - Veterans’ Day
  • Thursday - Friday, November 23 - 24, 2017 - Thanksgiving
  • Monday, December 25, 2017 - Christmas
  • Friday, December 29,2017 Open 7:30am-12:30pm - New Year’s Eve
Calendar

Click here to see, print, and/or download our 2018 calendar.

THIRD PARTY SITE DISCLAIMER - By accessing the noted link you will be leaving the Olive View Federal Credit Union website and entering a website hosted by another party. Olive View Federal Credit Union has not approved this as a reliable partner site. Please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of the Olive View Federal Credit Union website. We encourage you to read and evaluate the privacy and security policies of the site you are entering, which may be different than those of Olive View Federal Credit Union. CLICK CONTINUE TO CONTINUE OR CANCEL TO ABORT.

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