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Federal Credit Union Debt Consolidation – What is Debt Consolidation? | Camino Federal Credit Union


Federal Credit Union Debt Consolidation – Review

There are several ways to consolidate your debt, we share with you some of the most common ways to do so.

Camino Federal Credit Union is a member-owned financial cooperative serving the Southern California area.

A credit union’s operating philosophy is different from a bank’s. Banks are closely held corporations that exist to make money for their stockholders. Credit unions, on the other hand, are financial cooperatives, owned entirely by their members. Our goal is not to create profit but to provide the best possible financial services at the lowest possible costs.

After paying our operating expenses, we return our “profit” to the members in the form of lower loan rates and higher savings yields. We are committed to providing exceptional service as well, paying personal attention to your needs and making sure that you always receive the greatest value when doing business with us.

One of the most important things about Camino Federal Credit Union is that we are part of the community. We are owned by people who live, work, worship, and attend school with you. We are your friends and neighbors, and we share your goal of improving the quality of life for all.

We were chartered in 1941 as Montebello Schools Federal Credit Union and have remained a partner with MUSD our entire history. We changed our name to Camino Federal Credit Union in 2005 to reflect our open membership to everyone in our community. But our roots in strengthening education opportunities—and those who provide them—remain as strong as ever.

In 2009 we expanded our membership area, which now includes the ABC, Norwalk-La Mirada area unified school districts and Cerritos College. We are proud of the excellent reputation earned by the school districts we serve and look forward to continuing our long and rewarding relationship.

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  1. Camino Federal Credit Union
    July 30, 2021 at 7:36 am

    Debt consolidation is a way to take multiple forms of debt with varying interest rates and combine them into one monthly payment. 

    Learn more from our newest video!