Balboa Thrift and Loan was organized as a California Industrial Loan Company under the laws of the State of California and opened in Chula Vista, on July 7,1980. It was organized to provide financial services to businesses and consumers in our community. Balboa Thrift and Loan has since established branches in Claremont, La Quinta and Fresno California, to serve the financial needs of those communities. Balboa Thrift and Loan qualified for federal deposit insurance through the Federal Deposit Insurance Corporation and is now regulated by the FDIC. The FDIC guarantees the safety of your deposits in Balboa Thrift and Loan up to $250,000 per depositor.