In 1965, NCUA chartered Telesis Community Credit Union under the Federal Credit
Union Act as “Teledyne Employees Federal Credit Union.” The original field of
membership included employees of the three Teledyne Companies, but grew to
include a geographic membership encompassing the area northeast of Los Angeles,
as well as employees of over 500 businesses including the ancestors of the original
Teledyne companies. Membership as of the March 2012 Call Report was 37.5
thousand with total assets of $301 million.