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Provident Credit Union History

75 Years of Community

 

1950

Provident was founded in CTA's San Francisco office. We were originally called the California Teachers Association Bay Section Credit Union.

$300K in assets with 2,300 members.

 

1966

Headquarters moves to Burlingame with plans to build a new office. Membership expands to include more people and the name is changed to CTA Credit Union.

1968

$12M in assets.

 

1974

The name Provident Central Credit Union was introduced to reflect our desire to help the community by providing financial services.

1978

$100M in assets.

 

1980

Provident had made great strides in what member's could do. Checking accounts, money market accounts, auto loans, and ATMs were introduced.

 

1990

Ground breaks on the future home of Provident headquarters in Redwood Shores.

$500M in assets.

 

1996

Provident launches its first website. Users could view products and rates, find contact information, view promotions and news, and learn more about membership.

2001

$1B in assets.

 

2002

Provident dropped "central" from the name to reflect the constantly expanding membership qualifications.

2014

$2B assets with 100K members.

 

2020

Provident reaches a big milestone — 120,000 members and $3B in assets.

 

2025

Today, Provident celebrates 75 years of community.

$3.5B in assets with 135K members and 21 branches.