On October 2, 1998, NCUA granted TCCU an exception to the aggregate MBL limits
in NCUA Rules and Regulations Part 723, because member business lending was
the Credit Union’s core business. In 1999, the Credit Union applied for and received
a state charter from the California Department of Financial Institutions (California
DFI).
3 Also at this time, the Credit Union changed its name to Telesis Community
Credit Union,
4 and still retained its exception to the aggregate member business
lending limits.