GSFCU was founded in 1956 by employees of the Grossmont Union High School District for the benefit of all employees and family members of the GUHSD. In 1956, we changed our name to Grossmont Schools Federal Credit Union and added the employees and family members of the newly formed Grossmont Community College District, now known as the Grossmont-Cuyamaca Community College District.
In an effort to extend our services to the entire East County Educational Community, we increased our Field-of-Membership in March 2009 to offer this
"employee benefit" to all employees and their family members of all schools within the geographic boundaries of the Grossmont Union High School District.
Read more on our history here.
Grossmont Schools Federal Credit Union provides financial solutions that are uniquely tailored to our educational community, and delivered with a genuine focus on value, trust and exceptional services.
Grossmont Schools Federal Credit Union is federally insured by the NCUA (National Credit Union Administration)
to at least $250,000, with IRA accounts covered by and additional $250,000. All credit unions are Not
for Profit cooperatives. Unlike other financial institutions, Credit Unions are owned and run by its members.
Members make up the Board of Directors, who manage and elect the officers to handle the business and operation of the Credit Union. Our members are joined together by a common bond and we will serve only our members.
There are NO OUTSIDE STOCKHOLDERS -- all net earnings after expenses are paid out to our members in dividends or low cost services.