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About Us

Get to Know South Bay Credit Union

People helping people. It’s who we are. It’s who we’ll always be.

Our History

Much has changed since we first opened our doors in 1953, and South Bay Credit Union has evolved along with the community we serve. Back then, we were known as Centinela-South Bay Credit Union and our members were mainly employees of Redondo Beach and Manhattan Beach and their families. Over the years we continued to grow and expand, mostly in the public sector— to include local school districts, police and fire departments, and other organizations across the South Bay. In 1993 we changed our name to South Bay Credit Union because we felt it better reflected our home and our heritage.

Several years later in 1998, we merged with Palos Verdes Schools Federal Credit Union (PVSFCU) and expanded our ability to better serve a larger portion of the South Bay. Former PVPUSD teachers Jerry Gaines and Perry Lynn joined South Bay Credit Union as volunteers.

Our last major organizational evolution took place on February 28, 2002, when we officially changed our charter and became the community-based credit union that our members know and love today. Like the community we’ve served for over 70 years, we will never stop evolving and changing. We will always continue our long tradition of constantly seeking ways to serve you better.

Mission Statement

South Bay Credit Union exists to uplift communities by empowering members to live better and do better.

Vision Statement

Being an integral part of a community in which all are financially empowered to live their very best life.

Annual Meeting

Annual Meeting

An annual meeting is a huge part of what makes credit unions so different from banks. As a cooperative financial institution, your participation matters. Join us annually in April via Zoom as we celebrate our past years' accomplishments and share our upcoming plans.


2023 Annual Report and Meeting Minutes


Discover the South Bay Credit Union Difference

Discover the South Bay Credit Union Difference

At South Bay Credit Union, we believe in placing people and purpose over profits.

Unlike big banks where shareholders divide up the earnings, South Bay Credit Union returns its earnings to our members in the form of better rates and lower fees that save you money.

Unlike big banks where shareholders divide up the earnings, South Bay Credit Union returns its earnings to our members in the form of better rates and lower fees that save you money.

Our South Bay roots go deep, and our branch employees go out of their way to get to know you personally so they can serve you better.

Our South Bay roots go deep, and our branch employees go out of their way to get to know you personally so they can serve you better.

Our volunteer, member-run board keeps South Bay Credit Union focused on delivering the kind of service you simply won’t get at a large national bank.

Our volunteer, member-run board keeps South Bay Credit Union focused on delivering the kind of service you simply won’t get at a large national bank.

We’re committed to strengthening our wonderful South Bay community through sponsorships, charitable donations, and employee volunteerism.

We’re committed to strengthening our wonderful South Bay community through sponsorships, charitable donations, and employee volunteerism.

With three centrally located branches in South Bay, access to 30,000 surcharge-free ATMs nationwide, a full range of quality financial solutions, and secure digital banking tools, we offer everything you need to manage your money anytime, anywhere.

With three centrally located branches in South Bay, access to 30,000 surcharge-free ATMs nationwide, a full range of quality financial solutions, and secure digital banking tools, we offer everything you need to manage your money anytime, anywhere.

Our Cooperative Principles

Credit unions are cooperatives, which means they are owned by their members. When you join South Bay Credit Union, you become a member of a cooperative community network of “people helping people.” Our main goal as a not-for-profit financial cooperative is to serve the needs of our members and our community.

We are a voluntary organization, open to all people able to use our services and willing to accept the responsibilities of membership, without gender, social, racial, political, or religious discrimination.

We are a democratic organization controlled by our members who actively participate in setting policies and making decisions. The members elect a Board of Directors to call the shots. We aren’t in this to get rich, but to help you reach financial freedom.

Members contribute equally to, and democratically control, the capital of our credit union. Your success is our success. The more people who participate, the more the credit union can give back in the form of lower loan rates, higher savings yields, fewer fees, and more products. Just like karma, what goes around comes right back around.

We are autonomous, a self-help organization controlled by our members. We are not owned by shareholders. That makes each member the boss.

We provide education and training for our members, elected representatives, managers, and employees so they can contribute effectively to the development of their credit union. Members also inform the general public about the nature and benefits of credit unions. We are actively involved in helping members get ahead by providing financial education. Have a few minutes? We are happy to share your credit score or provide tips to improve credit, budgeting, or preparing for retirement.

We network together to provide more ATMs than the world’s largest banks over 30,000. In fact, we even share operational resources so that we can keep costs down. We serve our members most effectively and strengthen the credit union movement by working together through local, national, regional, and international structures.

Credit union folks everywhere participate and volunteer in all sorts of local charities – it’s just part of our DNA. We live and work in the South Bay and we participate in community events.

Credit unions support diversity, equity, and inclusion as a shared credit union cooperative principle and continue to have a responsibility and take a leadership role in building and serving more diverse, equitable, and inclusive communities.

Leadership

South Bay Credit Union is guided by an all-member, volunteer Board of Directors and a Supervisory Committee elected by the membership. These non-paid volunteers govern South Bay Credit Union policy, while a professional management team oversees daily operations.

Leadership

Executive Team

Executive Team

Our executive team is responsible for the day-to-day operation of the credit union. The President/CEO is hired by the Board of Directors to manage operations and build the executive team.

Paris Chevalier, President & CEO
Frank Espinoza, Executive Vice President & Chief Risk Officer
Bernice White, Chief Lending Officer
Don Steinman, Chief Financial Officer


Volunteer Committee

South Bay Credit Union’s Supervisory Committee and Board of Directors are committees of volunteers who are each elected to three-year terms by the general membership.

Board of Directors

  • Chris Otey, Chairman
  • Chuck Garland, Vice Chairman
  • Stephanie Ertman, Secretary
  • Viki Copeland, Director
  • Tom Light, Director
  • Tarek Shaer, Director
  • Nicole Wesley, Director
  • Brian Lundin, Director
  • Annie Flippo, Director

Supervisory Committee

  • Dan Inskeep, Chairman
  • Angelia Parrish, Member

FAQs About Supervisory Committee Membership

Learn more about the responsibilities of Supervisory Committee members.

  • Monitoring board and management activities
  • Providing for financial statement audits
  • Conducting annual member account verification
  • Verifying compliance with policies, procedures, rules, and regulations
  • Monitoring the internal control environment

  • Meeting periodically with the internal auditor
  • Meeting periodically with regulatory examiners and financial statement auditors
  • Reviewing management reports
  • Attending periodic training seminars

If you have questions, comments, or concerns about your account or the credit union’s operations, you should first contact South Bay Credit Union directly via email at sbcu@southbaycu.com. However, in the unlikely event that you are not satisfied with the response, you can appeal the matter to the Supervisory Committee, which will conduct an additional, independent review. Supervisory Committee correspondence ONLY should be mailed to the following address: The Supervisory Committee, South Bay Credit Union, 312 N Pacific Coast Highway, Redondo Beach, CA 90277.

Apply to Volunteer

We believe that every volunteer helps to make South Bay Credit Union a quality institution for our members and community. Adult members in good standing are welcome to take their membership to the next level and volunteer to serve on the Board of Directors or Supervisory Committee.

Applications to be considered for the Annual Meeting are due by February 28 of each year; however, we accept applications anytime. Please complete an application and we will contact you shortly.

Apply to Volunteer

Get Started Today

As a member-owned, not-for-profit credit union, we take pride in helping you realize your financial goals.

Qualified Zip Codes

Carson – 90745, 90746, 90747, 90749, 90810 Culver City – 90230, 90231, 90232, 90233 El Segundo – 90245 Gardena – 90247, 90248, 90249 Hawthorne – 90250, 90251 Harbor City – 90710 Hermosa Beach – 90254 Inglewood – 90301, 90302, 90303, 90304, 90305, 90306, 90307, 90308, 90309, 90310, 90311, 90312, 90313, 90397, 90398 Lawndale – 90260, 90261 Lomita – 90717 Los Angeles – 90045, 90056, 90066 Playa Vista – 90094 Rancho Palos Verdes – 90275 Redondo Beach – 90277, 90278 San Pedro – 90731, 90732, 90733, 90734 Torrance – 90501, 90502, 90503, 90504, 90505, 90506, 90507, 90508, 90509, 90510 Venice – 90291, 90292, 90293, 90294, 90295, 90296 Wilmington – 90744, 90748