The Santa Monica City Employees Federal Credit Union is a member-owned financial institution that provides banking services to Santa Monica city employees and their families. The Credit Union does not have a sign outside, but it is easy to find in the lobby of the 501 office building, on the corner of Colorado Ave. and 5th St. This federally insured, full service credit union offers everything from savings, checking and money market accounts to IRA certificates, payroll deductions and online banking. Credit Union members can qualify for signature loans, home equity loans, and vehicle loans. It also offers free insurance to members up to $2,000, and 24-hour phone teller service is available.