The Valley Economic Alliance steps up to help the Pacoima Development Federal Credit Union grow and thrive

14 Dec The Valley Economic Alliance steps up to help the Pacoima Development Federal Credit Union grow and thrive

This new sponsorship will ensure continued access to financial services in the Pacoima community.

Sherman Oaks, CA — To prevent the closure of the only credit union serving residents and businesses in the Northeast San Fernando Valley, The Valley Economic Alliance (TVEA) announced they assumed sponsorship of the Pacoima Development Federal Credit Union (PDFCU) to provide the area’s resident’s access to basic bank services that most people take for granted.

PDFCU was founded in 2005 to meet the financial needs of the financially underserved market of Pacoima in the City of Los Angeles. Prior to the inception of the Credit Union, the approximately 90,000 residents of Pacoima were served by two bank branches and no credit unions. PDFCU has grown to nearly 2,000 members with assets of over $4 million dollars.