A lack of access to adequate capital has locked entrepreneurs and families into financial stagnation lasting for generations. To reverse this trend, TELACU established Community Commerce Bank (CCB), a Community Development Financial Institution (CDFI) designed for the express purpose of serving the credit needs of small businesses and their customers.
Founded in 1976, CCB offers FDIC-insured statement and term accounts, and uses these deposits to make loans to families and small business owners. With experienced management and a dedicated staff, the Bank operates various branches throughout California.
The remarkable success of CCB is testament to the viability of community lending. The Bank has loaned more than $5 billion to its valued customers, and is very-well capitalized and profitable.
While some banks struggle to meet their community-directed commitments, Community Commerce Bank continues to fulfill its purpose as a responsive financial institution within the communities TELACU serves.