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

Los Angeles Credit Union

Los Angeles Credit Union Locations
300 S Glendale Avenue
Glendale, CA 91205
(818) 242-5812
www.lafcu.org



Los Angeles Credit Union is headquartered in Glendale and is the 48th largest credit union in the state of California. It is also the 276th largest credit union in the nation. It was established in 1936 and as of December of 2011, it had grown to 144 employees and 49,554 members. Los Angeles Credit Union has a 5-star health rating.



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

Los Angeles Credit Union Checking Account Rates

ApyMinMaxProduct
0.10%$1k-Checking Account

Los Angeles Credit Union Savings Account Rates

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0.30%$50-Holiday Savings Account
0.15%$500-Share Savings Account

Los Angeles Credit Union Money Market Rates

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0.50%$50k-e-Money Market Account
0.35%$50k-Money Market Account

Los Angeles Credit Union CD Rates

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1.76%$100k-60 Month Senior Jumbo Share Certificate
1.71%$100k-60 Month Jumbo Share Certificate
1.66%$1k-60 Month Senior Share Certificate
1.61%$1k-60 Month Regular Share Certificate
1.61%$100-60 Month Starter Share Certificate
1.36%$100k-48-59 Month Senior Jumbo Share Certificate
1.31%$100k-48-59 Month Jumbo Share Certificate
1.26%$1k-48-59 Month Senior Share Certificate
1.20%$1k-48-59 Month Regular Share Certificate
1.20%$100-48-59 Month Starter Share Certificate
1.15%$100k-36-47 Month Senior Jumbo Share Certificate
1.10%$100k-36-47 Month Jumbo Share Certificate
1.05%$1k-36-47 Month Senior Share Certificate
1.00%$1k-36-47 Month Regular Share Certificate
1.00%$100-36-47 Month Starter Share Certificate
0.90%$100-24-35 Month Senior Jumbo Share Certificate
0.85%$100k-24-35 Month Jumbo Share Certificate
0.80%$1k-24-35 Month Senior Share Certificate
0.75%$1k-24-35 Month Regular Share Certificate
0.75%$100-24-35 Month Starter Share Certificate
0.60%$100k-12-23 Month Senior Jumbo Share Certificate
0.55%$100k-12-23 Month Jumbo Share Certificate
0.50%$100k-6-11 Month Senior Jumbo Share Certificate
0.50%$1k-12-23 Month Senior Share Certificate
0.45%$1k-12-23 Month Regular Share Certificate
0.45%$100-12-23 Month Starter Share Certificate
0.45%$100k-6-11 Month Jumbo Share Certificate
0.40%$100k-3-5 Month Senior Jumbo Share Certificate
0.40%$1k-6-11 Month Senior Share Certificate
0.35%$1k-6-11 Month Regular Share Certificate
0.35%$100-6-11 Month Starter Share Certificate
0.35%$100k-3-5 Month Jumbo Share Certificate
0.30%$1k-3-5 Month Senior Share Certificate
0.25%$1k-3-5 Month Regular Share Certificate
0.25%$100-3-5 Month Starter Share Certificate

Los Angeles Credit Union IRA Rates

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0.65%$500-24 Month IRA Share Certificate
0.65%$500-24 Month Roth IRA Share Certificate
0.65%$500-24 Month CESA Share Certificate

Rates updated: 5/27/2012

Data for Q4 2011


Institution Statistics


LOS ANGELES
NCUA #1207
BankRate ReportView
Year Chartered1936
Employees144
Primary Regulator

Assets and Liabilities

Assets$724.27 million
Loans$382.39 million
Deposits$638.25 million
Equity Capital$80.06 million
Loan Loss Allowance$9.60 million
Unbacked Noncurrent Loans$11.06 million

Historic Data - December 2010

Assets$695.49 million
Equity Capital$73.93 million
Loan Loss Allowance$10.10 million
Unbacked Noncurrent Loans$12.69 million
Real Estate Owned$885,000

Profit Margin - Quarterly

Net Interest Margin5.23%
Return on Assets0.81%
Return on Equity7.33%
Interest Income$29.95 million
Non-Interest Income$6.51 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
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 December 31, 2011 Los Angeles Credit Union had $11.06 million in non-current loans and owned real-estate with $89.67 million in equity and loan loss allowances on hand to cover it. This gives Los Angeles Credit Union a Texas Ratio of 12.33% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Los Angeles Credit Union decreased slightly from 16.15% as of December 31, 2010 to 12.33% as of December 31, 2011, resulting in a positive change of 23.66%.This indicates that the balance sheet and financial strength for Los Angeles Credit Union has improved slightly in recent periods.
Deposit Growth4
In the past year, Los Angeles Credit Union has increased its total deposits by $23.44 million, resulting in 3.81% 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 Los Angeles Credit Union has shown is above average.
Capitalization5
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. Los Angeles Credit Union has $724.27 million in assets with $89.67 million in equity, resulting in a capitalization level of 12.38%, which is excellent.
Write Review

Very Unprofesional
1 stars - infiniteflame - Wednesday, April 4, 2012 - 11:43 PM

 

 

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I've had a very bad experience with this bank, through no fault of my own and their staff admitted that I'm innocent. To begin with, I applied to work for Secret Shopper and received my first assignment, which included writing an assessment of my experience with Western Union and sending money to an individual. But first, I had to deposit a postal money order into my account at the bank. I did the above and later received a very rude message from bank staff regarding a fraudulent check. I went to LAPD to file a report. The officer asked me my bank’s policy regarding fraud, i.e. some banks reimbursed you and other's didn't. I called the bank to determine their policy. The woman that I talked with had a sarcastic attitude and stated that what I experienced was a common occurrence and that she knew that I was a victim of fraud, but that their policy was that the criminals should pay for it. I informed her that the banks behavior only served to victimize me further, as their attitudes were negative. Also, as the above was their policy, it would be to my advantage to bank where there was a more customer friendly policy. I would have been more comfortable, if they had taken a more compassionate approach irregardless of their policy. They could have suggested a payment plan with which they could have been reimbursed, as well as made sure my family and I weren't inconvenience. Instead, they were not only rude, but informed Pay Pal that I had insufficient funds for two purchases that I'd paid for previously with money from my tax return before the aforementioned situation occurred. In addition, after being reimbursed from Pay Pal, they didn't reduce the amount that I owed them. This will not only mare my credit with Pay Pal, but with the individuals that I made purchases from. Not to mention, before contacting Pay Pal, they’d already withdrawn money from my account, although this I can understand. I just don’t understand, why they had to contact Pay Pal, or why the delivery of the message was so unprofessional.

 

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