LBS Financial Credit Union


Overview / Commentary
714-893-5111
5505 Garden Grove Blvd
Westminster, CA 92683

LBS Financial Credit Union is headquartered in Westminster and is the 34th largest credit union in the state of California. It is also the 206th largest credit union in the nation. It was established in 1935 and as of December of 2018, it had grown to 209 employees and 134,478 members at 8 locations. LBS Financial Credit Union has an A+ health rating.

Field of Membership Restrictions

Membership in LBS Financial Credit Union is open to anyone who lives or works in California through joining the Financial Fitness Association through the credit union ($8 membership fee). Membership is also open to the following: (1) those who live or work in Orange, Riverside, San Diego or San Bernardino Counties in California and select cities in Los Angeles County; (2) employees or retirees of ABC Unified School District, California State University (Long Beach), Cerritos Community College, Long Beach City College, Long Beach Unified School District, Norwalk-La Mirada School District, Long Beach School for Adults, Concorde Career Institute, or Bellflower Unified School District.
See current membership details

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Reviews (2)

LBS Financial

Posted by: lof | Apr 23, 2016

Opened (Long Beach Branch) a 5 yr cd couple days ago. Staff made the process very easy. The rate was about good as you can get in this market.

Opened 5 Year CD At Spring Street Branch

Posted by: ocsteve | Sep 22, 2016

Helped my aunt open a couple of 5 year CD's at the Spring St., Long Beach, CA branch today. Was a new membership. Used a Living Trust vesting. Branch staff REQUIRED the ORIGINAL Living Trust document to review and make selected copies of key pages. Their policy requires this step. No other Bank/CU I have encountered has ever required this ORIGINAL document to open an account. CU seems a bit inflexible. If not for the rate (2.23%/2.25% APY), would have passed on this institution. Will update based upon future experience.

The EWP on a 5 year CD is a mild 180 days.



Health
A+

Health Grade Components

Overall
NCUA #68460
Year Chartered1935
Employees209
Primary Regulator
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD6.33%
Annual Interest Income$47.4MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$1.43B$1.38B
LoansQ4 2018vs Q4 2017$1.08B$962.1MM
DepositsQ4 2018vs Q4 2017$1.23B$1.19B
Equity CapitalQ4 2018vs Q4 2017$195.0MM$179.2MM
Loan Loss AllowanceQ4 2018vs Q4 2017$3.8MM$3.4MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$2.2MM$2.6MM
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates

Rates for LBS Financial Credit Union are currently being reviewed.

Locations


LBS Financial Credit Union Locations
Branch Office1401 Quail StNewport Beach, CA 92660-2744
Branch Office4916 Bellflower BlvdLakewood, CA 90713-1810
Branch Office11239 183rd StCerritos, CA 90703-5417
Branch Office6417 E Spring StLong Beach, CA 90808-4022
Branch Office4341 E 10th StLong Beach, CA 90804-5511
Branch Office4436 Atlantic AveLong Beach, CA 90807
Corporate Office5505 Garden Grove BlvdWestminster, CA 92683
Branch Office6049 E 7th StLong Beach, CA 90840-0007

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