Who We Are
Founded in 1980, Balboa Thrift and Loan is a specialized California Industrial Loan Company built on adaptable financing solutions and dedicated customer relationships. As a FDIC insured institution, we provide our clients with the financial security and peace of mind expected of a trusted community partner.
Our business model is rooted in a proud financial tradition. When the first industrial loan companies, formally known as thrifts, emerged in the early 20th century, they primarily served industrial workers and everyday borrowers whom larger commercial banks dismissed as unprofitable.
Today, the Thrift’s portfolio continues to honor this history. We maintain an entrepreneurial approach to the marketplace, combining localized expertise with rapid response times to deliver "common sense" financial solutions. By staying flexible and responsive to market conditions, we successfully serve the consumers, auto dealers, real estate brokers, and small businesses that traditional commercial institutions often overlook.
Our Mission
Our mission is to provide high-quality financial services with integrity and reliability, ensuring competitive pricing and exceptional personal service for our customers. We are dedicated to empowering borrowers to rebuild their credit and achieve financial stability, while fostering a supportive environment that promotes employee growth and skill development.Our Vision
We strive to be the leading financial partner in our communities, empowering the underserved to achieve mobility and financial stability through innovative and responsible auto lending solutions.
Our Products And Services
We offer a targeted suite of competitive deposit and lending products designed with the flexibility to help our customers meet their financial goals:
Automobile Financing: Our dedicated Dealer Service staff works closely with an extensive network of automotive dealerships to provide quality financing for both new and used vehicles, featuring specialized programs tailored to help borrowers rebuild their credit.
Real Estate Lending: We actively partner with professional loan brokers and work directly with clients to provide flexible residential and commercial real estate loans.
Savings and Certificates of Deposit: We offer savings accounts and certificates of deposit with competitive rates to help customers save for their future. Eligible deposits are insured by the FDIC up to applicable limits.
Safety and Security
Your financial security is our highest priority. Balboa Thrift and Loan is an insured member of the Federal Deposit Insurance Corporation (FDIC), meaning your savings accounts and certificates of deposit (CDs) are backed by the full faith and credit of the United States government. This federal protection automatically insures your deposits up to $250,000 per depositor, per insured bank, for each account ownership category.
Serving Our Community
The Thrift fully supports the spirit and intent of the Community Reinvestment Act (CRA). We committed to helping meet the credit needs of the communities we serve, including low- and moderate-income neighborhoods across our service areas.
Rather than relying on heavy corporate advertising, we build trust through direct community involvement. Our Board of Directors, officers, and staff actively volunteer with local civic organizations, participate in community events, and provide financial support to initiatives that build stronger, better neighborhoods across our primary California markets.