About Us
City of Downey Federal Credit Union is a not-for-profit
financial institution owned and operated by its members through
a democratically elected board of director who volunteers their
time. The credit union was founded in 1957 by Downey City firefighters
and started as the Downey City Employees' Federal Credit
Union. We primarily serve the Downey City Employees
and their families. The credit union also serves a number of
Special Employer Groups (SEGs) whose employees and family members
can also take advantage of the various products and services
the credit union has to offer.
Our SEGs include:
- Park Water Company
- SEAACA
- Downey Dental Center
- Downey Engineering Company
- Jiffy Lube & Oil Company
- Downey Rose Float Association
The name City
of Downey Federal Credit Union was adopted in 2003
to better describe our diverse field of membership within the
City of Downey. Also in 2003, the credit union became part
of what the credit union industry refers to as the Shared
Resource Solution (SRS), a term coined for us by the
industry to specifically describe our unique structure of sharing
management and expertise with other credit unions. We are currently
an SRS with CalCom Federal Credit Union ($58-million in assets) and Mattel Federal Credit Union ($25-million
in assets) Federal Credit Unions. In 2009 we took our collaborative spirit to the next level by sharing our branch located along Lakewood Boulevard. Southern California Postal Credit Union ($60-million in assets) shares the management and operation of our branch. This branch sharing collaboration benefits postal workers with a credit union to serve them and it benefits us as well by allowing us to lower our overall cost while keeping the same level of personalized service to our members.
Your Board of Directors
Andy Doyle Chairman
Richard Redmayne Vice-Chairman
Jon Hernandez Treasurer
Louis Atwell Secretary
Tony Vasquez Director
Your Supervisory Committee
Tony Vasquez Chairperson
Janet Benavides Committee Member
Professional Staff
Jon Hernandez President/CEO
Jay Lee Technology and Compliance Officer
Quimaira Tello Lending & Lakewood Branch Supervisor
Michael Ramirez Accounting and City Hall Branch Supervisor
Allison Espinoza Financil Service Representative
Rachel Saenz Shared Financial Service Representative
