1 star ratingAverage User Rating:
1 star rating based on 1 review.

LA Financial Credit Union

224 N Fair Oaks Ave
Pasadena, CA 91103
800.894.1200
www.lafinancial.org



LA Financial Credit Union is headquartered in Pasadena and is the 79th largest credit union in the state of California. It is also the 550th largest credit union in the nation. It was established in 1937 and as of September of 2011, it had grown to 89 employees and 35,654 members. LA Financial Credit Union has a 5-star health rating.

Related Posts

Competitive 3-Year CD Rates at LA Financial Credit Union in CA & AZ - Local Only - 12/3/2010

LA Financial Credit Union is offering some competitive long-term CD and IRA CD rates. The most competitive is the 3-year CD which has a top rate of 2.15% APY for a $200K minimum deposit. Lower rates a ...

2.00% 15-Month CD at LA Financial Credit Union in CA & AZ - Local Only - 1/7/2010

La Financial Credit Union is offering a special 15-month certificate with a 2.00% APY. Minimum deposit is $1,000. It's also available as an IRA certificate. This promo is listed in the credit union's promotional page as of 1/07/2010.Membership is open to...

3.50% 11-Month CD at LA Financial Credit Union in California - 1/27/2009

La Financial Credit Union continues to offer a promotional 11-month certificate. The new rate is 3.50% APY which is down from last month when it was 4%, but it's still very competitive. Minimum deposit is $1,000. It's also available as an IRA...

4.00% 11-Month CD at LA Financial Credit Union in California - 12/10/2008

Update 1/27/09: The rate of this special 11-month CD has fallen to 3.50% APY.La Financial Credit Union is offering a promotional 11-month certificate with an APY of 4.00%. Minimum deposit is $1,000. It's also available as an IRA certificate. This promo...

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See Rates for: Checking | Savings | Money Market | CD | IRA

LA Financial Credit Union Checking Account Rates

ApyMinMaxProduct
0.15%$200k-Premium Checking
0.15%$200k-Premium Checking PLUS

LA Financial Credit Union Savings Account Rates

ApyMinMaxProduct
0.40%$200k-Ready Asset Savings
0.10%$500-Primary Savings
0.10%--Youth Primary Savings
0.10%--Secondary Savings
0.10%--VISA Savings
0.10%--Tradional IRA Savings
0.10%--Roth IRA Savings
0.10%--SEP IRA Savings
0.10%--CESA Savings

LA Financial Credit Union Money Market Rates

ApyMinMaxProduct
0.65%$200k-Money Market Maximizer
0.65%$200k-IRA Money Market
0.65%$200k-Roth IRA Money Market
0.65%$200k-SEP IRA Money Market
0.65%$200k-CESA Money Market

LA Financial Credit Union CD Rates

ApyMinMaxProduct
1.90%$200k-60 Month CD
1.65%$200k-36 Month CD
1.15%$200k-24 Month CD
0.70%$200k-12 Month CD
0.50%$200k-6 Month CD
0.30%$200k-90 Day CD
0.30%$200-12 Month Growth Certificate

LA Financial Credit Union IRA Rates

ApyMinMaxProduct
1.90%$200k-60 Month IRA
1.90%$200k-60 Month Roth IRA
1.90%$200k-60 Month SEP IRA
1.90%$200k-60 Month CESA
1.65%$200k-36 Month IRA
1.65%$200k-36 Month Roth IRA
1.65%$200k-36 Month SEP IRA
1.65%$200k-36 Month CESA
1.15%$200k-24 Month IRA
1.15%$200k-24 Month Roth IRA
1.15%$200k-24 Month SEP IRA
1.15%$200k-24 Month CESA
0.70%$200k-12 Month IRA
0.70%$200k-12 Month Roth IRA
0.70%$200k-12 Month SEP IRA
0.70%$200k-12 Month CESA
0.50%$200k-6 Month IRA
0.50%$200k-6 Month Roth IRA
0.50%$200k-6 Month SEP IRA
0.50%$200k-6 Month CESA
0.30%$200k-90 Day IRA
0.30%$200-12 Month Growth Certificate IRA
0.30%$200k-90 Day Roth IRA
0.30%$200-12 Month Growth Certificate Roth IRA
0.30%$200k-90 Day SEP IRA
0.30%$200k-90 Day CESA
0.30%$200-12 Month Growth Certificate SEP IRA
0.30%$200-12 Month Growth Certificate CESA

Rates updated: 2/10/2012

Data for Q3 2011


Institution Statistics


LA FINANCIAL
NCUA #2024
BankRate ReportView
Year Established1937
Employees89
Primary Regulator

Assets and Liabilities

Assets$347.03 million
Loans$158.66 million
Deposits$307.73 million
Equity Capital$30.72 million
Loan Loss Allowance$1.60 million
Unbacked Noncurrent Loans$1.77 million

Historic Data - September 2010

Assets$344.13 million
Equity Capital$28.59 million
Loan Loss Allowance$2.42 million
Unbacked Noncurrent Loans$3.55 million
Real Estate Owned$308,000

Profit Margin - Quarterly

Net Interest Margin4.04%
Return on Assets0.52%
Return on Equity5.84%
Interest Income$10.50 million
Non-Interest Income$2.62 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 LA Financial Credit Union had $1.77 million in non-current loans and owned real-estate with $32.32 million in equity and loan loss allowances on hand to cover it. This gives LA Financial Credit Union a Texas Ratio of 5.47% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for LA Financial Credit Union decreased significantly from 12.44% as of September 30, 2010 to 5.47% as of September 30, 2011, resulting in a positive change of 56.06%.This indicates that the balance sheet and financial strength for LA Financial Credit Union has improved significantly in recent periods.
Deposit Growth3
In the past year, LA Financial Credit Union has increased its total deposits by $2.99 million, resulting in 0.98% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth LA Financial Credit Union has shown is average.
Capitalization3
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. LA Financial Credit Union has $347.02 million in assets with $32.32 million in equity, resulting in a capitalization level of 9.31%, which is average.
Write Review

Bad Experience
1 stars - ajebukki - Friday, October 8, 2010 - 1:51 PM

This is an organization that treats her members like crap regardless of how long they have been with them.  This organization is not sympathetic to members that have fallen on hard times during this great recession that we are experiencing in the country.  Even though I am struggling to make some payment on a credit card I have with this organization, they still took me to court, obtained a jugment against me because the $250.00 monthly payment I was making was not enough, they want $400.00 isntead.  An employee called me and told me that he doesn't know me nor care about my personal situation, and he does not care if I am 3 months behind on my house payment.  This is not an organization anyone should have or set up a relationship with, especially when when you do not know what tomorrow might hold for you.  You may be able to make ends meet today, but tomorrow you loose means of living and if this happens to you, LA Financial will throw you out to the wolves and leave out ther to die.  LA FINANCIAL SUES PEOPLE THAT OWE THEM NO MATTER HOW LONG THEY HAVE BEEN A MEMBER, WHETHER THEY HAVE BEEN PAYING ON THE DEBT AND JUST TEMPORARILY ARE UNABLE TO. They do not work with their members or help them get through their fianncially difficulty.  Is this a credit union one should be doing business with?.  There are a lot of people who do not think so. Please think twice before establishing a relationship with them or you might be sorry forever like me.

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