It's a lot better than the typical things you'd read from a suit

The proverb “the proof of the pudding is in the eating” dates back to the fourteenth century and has also been attributed to Don Quixote in 1615. The shorter form, “the proof is in the pudding,” more commonly used today, dates back to the roaring twenties not long after UCLA was founded. The proof in the pudding for University Credit Union is defined by the value provided to our financial cooperative stakeholders and ensuring that we are providing the University Community a financial edge.


The proof could be in the countless member stories about how the UCU team of experts helped guide them through complex real estate transactions, purchasing a car, or working through a challenging situation caused by an unplanned event. The proof could also be in the stories about how our members enjoy greater amounts of precious time in their day as our team makes their financial lives simpler and easier. And then there are times when there is a tangible financial reward for our member-owners for choosing to use UCU for their financial service needs. Your UCU team wears these stories as badges of honor and it defines their success.


Recently, UCU partnered with a national research firm to compare our products and services against financial institutions with the majority market share, primarily the big banks. The result of this research is called “Member Value Statements.” Each statement has an estimate of how much you have saved with your membership in the financial cooperative. The Member Value Statements also let you know how you can save even more money just by increasing your participation rate in the cooperative.

UCU is proud to say that we saved our members over $11 million dollars in the past year! On average, our members saved $318. Members with only one account saved $67 annually while the most engaged members saved on average $1,137! The University Credit Union team does not have any plans to slow down either; there will be some exciting news in the coming months of how we plan to increase our value proposition to the University Community.

In the last few newsletters, UCU has been discussing our roots as a financial cooperative. Our financial cooperative structure makes us different by design and our relentless focus on the University Community only intensifies the difference.

There are seven core principles of a cooperative, they are:


1. Voluntary and Open Membership
2. Democratic Member Control
3. Member Economic Participation
4. Autonomy and Independence 5. Financial Education, Training, and Information
6. Cooperation among Cooperatives
7. Concern for the Community


While there are some cooperatives that do not follow these, UCU takes pride in these principles. UCU is structured so that each member-owner gets one share, which is standard for financial cooperatives, however, over the next few months, you will notice your main share rate increasing as we consolidate all of the tiers into one great rate which bests most leading banks’ savings rates by four times. Other “Coming Soon” initiatives include a robust online loan application where you will receive an immediate response, enhancements to our mobile app that will place our app in the top 1% of financial institutions, new loan programs built to significantly reduce your payments, new product enhancements that are market leading, and a new website that not only boasts a more modern look but provides easier navigation. Thank you for your participation in our financial cooperative, the only one founded at UCLA and exclusively serving the University Community!

Respectfully yours,

David L. Tuyo II, MBA, DBA

President/Chief Executive Officer

Member Testimonial

"After my car was totaled a week ago I was extremely surprised to find I could get a new car for almost the same price. Now I have a new car almost 1 week after losing my old car and I couldn't be happier!"

- Shayla Y.