Peoria, United States
CEFCU is a credit union established in 1937 and headquartered in Peoria, Illinois. Originally founded as Caterpillar Employees Credit Union (CECU), the institution evolved through different names and charters to become what it is today. In recent history, CEFCU transitioned back to an Illinois state credit union charter, maintaining its acronym and federal deposit insurance. The credit union's membership criteria include employees of Caterpillar Inc., its dealers, business partners, as well as individuals living or working in specific counties in Illinois and California. In 2008, CEFCU expanded its operations by acquiring Valley Credit Union based in San Jose, California.
Operating primarily in the financial services and banking industries, CEFCU emphasizes providing quality service and products to enhance the financial well-being of its members. With its diverse membership criteria and expansion into California, CEFCU has positioned itself to serve a larger and more diverse customer base.
