Balboa Thrift and Loan was opened in 1980. Balboa Thrift and Loan has since established branches in Claremont, La Quinta and Fresno CA. Balboa Thrift and Loan qualified for federal deposit insurance through the Federal Deposit Insurance Corporation and is now regulated by the FDIC. In recent years Balboa Thrift and Loan has focused on automobile and real estate loans originated through a network of automobile dealers, brokers and agents located throughout its service area.