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The church was founded in 1973 by Frederick K. C. Price in Inglewood, California. [1] [2] [3] In 1981, the church bought the old Pepperdine University campus in South Los Angeles. [4] After the purchase, Price oversaw construction of a new sanctuary, called the "FaithDome", which at the time was the largest domed church in the United States.
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They pooled $1,200 and established Orange County Teachers Credit Union with a California state charter. A switch to a federal charter in 1985 added Federal to its name. At the end of 2017, SchoolsFirst FCU reported $14.12 billion in assets, making it the fifth-largest credit union in the United States by asset size.
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In 1975, the club did not admit women as members. Women guests were "limited to certain floors, dining rooms and entrances", though later policy changes allowed women to "use the main elevator and lobby" at the club. [6] It voted to admit women in 1987, and today has more than 650 female members. [7] [8]
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In 1967 the first full-time pastor was hired. The church purchased and built its first owned facilities at the corner of Bison and Jamboree in Newport Beach. In 1980 the church split, and a portion of the church formed a new church called South Coast Community Church on a portion of the property where the church is located today.