California Chiropractic Credit Union 1943

By Michael Dorausch, D.C.

From what I’ve gathered by researching chiropractic publications, journals, historical archives and other sources from around the golden state, Chiropractic as a profession in the state of California, experienced a significant amount of activity in the 1940s, especially in Los Angeles. In 1943, the year Warner Bros. won Best Picture Academy Award for the film Casablanca, chiropractors in the state of California got to be part of a federally insured state credit union.

National Credit Union Administration Chiropractic
National Credit Union Administration screenshot showing California Chiropractic Credit Union (CCCU) chartered in 1943

According to the National Credit Union Administration (ncua.gov), a chiropractic credit union was chartered in the state of California in 1943. From documents I’ve viewed online and off-line, I found a significant amount of historical information regarding the credit union, which operated in the state through December 31, 1990 (nearly 50 years).

Charter Number: 64494
Name: CALIFORNIA CHIROPRACTIC
Year Chartered: 1943
Credit Union Type: 2 – Federally-insured State

The National Credit Union Administration (NCUA) is the independent federal agency that charters and supervises federal credit unions throughout the United States and its territories.

Why was the credit union merged out? I haven’t yet found the answers to that, but the more I look at documents from early times of chiropractic in California, the more I understand how it is we got to where we are today. Just the other day I had another historical post that was from the same era, a check for chiropractic research funding, written in 1945 and presented at an Elks Temple in what is now the MacArthur Park area of Los Angeles.

California Chiropractic Credit Union Another dot gov website, kepler.sos.ca.gov, shows the Corporation number C0191903 for the California Chiropractic Credit Union, which was reportedly filed on January 21, 1943 in the state of California. By the time the credit union was merged out, a P.O. Box in the city of North Hollywood is listed as the address for the credit union. I suspect that around the time of filing in the 1940s, the credit union office location was somewhere around downtown Los Angeles.

A 9 page PDF document (from the NCUA) shows a complete statement of financial condition for the California chiropractic credit union after its closing in December of 1990. During the near 50 years of the credit union’s existence, chiropractors in the state of California were able to receive unsecured loans as well as new and used auto loans. 450 total loans were made through the CCCU (I’m assuming that’s from 1943 to 1990), which provided many chiropractors in the state of California with opportunities to finance new offices, equipment, automobiles, and more.

While news about a credit union in California may not seem as exciting as some ultra secret formula to grow your chiropractic practice, the reviewing of chiropractic history plays an important role in understanding what accomplishments (and what defeats) have taken place during the past 110+ years. Somebody found it significantly important to create a credit union for chiropractors in 1943, let’s take the time to appreciate their efforts, as we move forward.

planetc1.com-news @ 10:50 am | Article ID: 1255024236