Average User Rating:
5 star rating based on 1 review.

Lockheed Federal Credit Union

2340 Hollywood Way
Burbank, CA 91505
(800) 328-5328
www.lockheedfcu.org

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Lockheed Federal Credit Union is headquartered in BURBANK and is the 8^th largest credit union in the state of California. It is also the 35^th largest credit union in the nation. It was established in 1937 and as of September of 2011, it had grown to 371 employees and 104,943 members. Lockheed Federal Credit Union's money market rates are 14% higher than the national average, and it boasts a 5-star health rating.

$150 Checking Account Promotion at Lockheed FCU in CA & NH - Local Only - 9/8/2011

Lockheed Federal Credit Union has a nice checking account promotion in which you can earn up to $150. The promotion is scheduled to last until 9/30/2011. Details are listed at the credit union's promo ...

10% 6-Month CD Special ($2,500 Max) at Lockheed FCU (SoCal Only) - 7/23/2010

Lockheed Federal Credit Union is advertising this CD special for its Southern California branches. It's a 10% APY 6-month CD with a minimum deposit of $1,000 and a maximum of $2,500 with a limit of on ...

$150 Checking Account Bonus at Lockheed FCU - Branch Visit in CA or NH Required - 4/25/2009

Lockheed Federal Credit Union is offering a checking account promotion in which you can earn up to $150. It doesn't seem to be listed on credit union's website. A reader provided a scan of the LA Times ad, and I have it available here. I just called the...

Update on the 6% Money Market Account at Lockheed FCU - 2/12/2007

Lockheed FCU continues to advertise its Rise and Shine Money Market Account. I first reported on this in early January. A reader had noted this money market account still being advertised in the LA Daily News. Since this account is still not listed at...

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

Lockheed Federal Credit Union Checking Account Rates

Apy	Min	Max	Product
0.60%	$100k	-	High Rate Checking
0.25%	$2,500	-	Premier Checking

Lockheed Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.80%	$100k	-	IRA Savings
0.80%	$100k	-	Roth IRA Savings
0.80%	$100k	-	CESA Savings
0.25%	-	-	Main Savings
0.25%	-	-	Additional Savings
0.25%	-	-	Holiday Club Savings
0.25%	-	-	Vacation Club Savings

Lockheed Federal Credit Union Money Market Rates

Apy	Min	Max	Product
0.80%	$100k	-	Money Market
0.25%	$25k	-	Market Maximizer

Lockheed Federal Credit Union CD Rates

Apy	Min	Max	Product
1.60%	$1k	-	60 Month CD
1.60%	$100k	-	60 Month CD Jumbo
1.35%	$1k	-	48 Month CD
1.35%	$100k	-	48 Month CD Jumbo
1.25%	$1k	-	36 Month CD
1.25%	$100k	-	36 Month CD Jumbo
1.05%	$1k	-	24 Month CD
1.05%	$100k	-	24 Month CD Jumbo
1.00%	$1k	-	18 Month CD
1.00%	$100k	-	18 Month CD Jumbo
0.90%	$1k	-	12 Month CD
0.90%	$100k	-	12 Month CD Jumbo
0.80%	$1k	-	6 Month CD
0.80%	$1k	-	12 Month CD Bump Rate
0.80%	$100k	-	6 Month CD Jumbo
0.75%	$1k	-	91 Day CD
0.75%	$1k	-	12 Month CD Flex
0.75%	$100k	-	91 Day CD Jumbo

Lockheed Federal Credit Union IRA Rates

Apy	Min	Max	Product
1.60%	$1k	-	60 Month IRA
1.60%	$100k	-	60 Month IRA Jumbo
1.60%	$1k	-	60 Month Roth IRA
1.60%	$100k	-	60 Month Roth IRA Jumbo
1.60%	$1k	-	60 Month CESA
1.60%	$100k	-	60 Month CESA Jumbo
1.35%	$1k	-	48 Month IRA
1.35%	$100k	-	48 Month IRA Jumbo
1.35%	$1k	-	48 Month Roth IRA
1.35%	$100k	-	48 Month Roth IRA Jumbo
1.35%	$1k	-	48 Month CESA
1.35%	$100k	-	48 Month CESA Jumbo
1.25%	$1k	-	36 Month IRA
1.25%	$100k	-	36 Month IRA Jumbo
1.25%	$1k	-	36 Month Roth IRA
1.25%	$100k	-	36 Month Roth IRA Jumbo
1.25%	$1k	-	36 Month CESA
1.25%	$100k	-	36 Month CESA Jumbo
1.05%	$1k	-	24 Month IRA
1.05%	$100k	-	24 Month IRA Jumbo
1.05%	$1k	-	24 Month Roth IRA
1.05%	$100k	-	24 Month Roth IRA Jumbo
1.05%	$1k	-	24 Month CESA
1.05%	$100k	-	24 Month CESA Jumbo
1.00%	$1k	-	18 Month IRA
1.00%	$100k	-	18 Month IRA Jumbo
1.00%	$1k	-	18 Month Roth IRA
1.00%	$100k	-	18 Month Roth IRA Jumbo
1.00%	$1k	-	18 Month CESA
1.00%	$100k	-	18 Month CESA Jumbo
0.90%	$1k	-	12 Month IRA
0.90%	$100k	-	12 Month IRA Jumbo
0.90%	$1k	-	12 Month Roth IRA
0.90%	$100k	-	12 Month Roth IRA Jumbo
0.90%	$1k	-	12 Month CESA
0.90%	$100k	-	12 Month CESA Jumbo
0.80%	$1k	-	6 Month IRA
0.80%	$100k	-	6 Month IRA Jumbo
0.80%	$1k	-	12 Month IRA Bump Rate
0.80%	$1k	-	6 Month Roth IRA
0.80%	$100k	-	6 Month Roth IRA Jumbo
0.80%	$1k	-	12 Month Roth IRA Bump Rate
0.80%	$1k	-	6 Month CESA
0.80%	$100k	-	6 Month CESA Jumbo
0.80%	$1k	-	12 Month CESA Bump Rate
0.75%	$1k	-	91 Day IRA
0.75%	$100k	-	91 Day IRA Jumbo
0.75%	$1k	-	12 Month IRA Flex
0.75%	$1k	-	91 Day Roth IRA
0.75%	$100k	-	91 Day Roth IRA Jumbo
0.75%	$1k	-	12 Month Roth IRA Flex
0.75%	$1k	-	91 Day CESA
0.75%	$100k	-	91 Day CESA Jumbo
0.75%	$1k	-	12 Month CESA Flex

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

LOCKHEED
NCUA #	1999
BankRate Report	View
Year Established	1937
Employees	371
Primary Regulator
Assets and Liabilities
Assets	$3.11 billion
Loans	$2.14 billion
Deposits	$2.58 billion
Equity Capital	$498.41 million
Loan Loss Allowance	$72.14 million
Unbacked Noncurrent Loans	$67.00 million
Real Estate Owned	$7.54 million
Historic Data - September 2010
Assets	$2.91 billion
Equity Capital	$463.31 million
Loan Loss Allowance	$59.13 million
Unbacked Noncurrent Loans	$41.20 million
Real Estate Owned	$9.76 million
Profit Margin - Quarterly
Net Interest Margin	3.13%
Return on Assets	0.98%
Return on Equity	6.09%
Interest Income	$93.89 million
Non-Interest Income	$20.04 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
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 Lockheed Federal Credit Union had $74.53 million in non-current loans and owned real-estate with $570.54 million in equity and loan loss allowances on hand to cover it. This gives Lockheed Federal Credit Union a Texas Ratio of 13.06% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Lockheed Federal Credit Union held steady from 9.75% as of September 30, 2010 to 13.06% as of September 30, 2011, resulting in a negative change of 33.92%. This indicates that the balance sheet and financial strength for Lockheed Federal Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Lockheed Federal Credit Union has increased its total deposits by $158.61 million, resulting in 6.56% 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 Lockheed Federal Credit Union has shown is excellent.
Capitalization
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. Lockheed Federal Credit Union has $3.11 billion in assets with $570.54 million in equity, resulting in a capitalization level of 18.34%, which is excellent.