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.
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
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.
|Return on Assets - YTD||0.86%|
|Return on Equity - YTD||6.33%|
|Annual Interest Income||$47.4MM|
|Assets and Liabilities|
|Assets||Q4 2018vs Q4 2017||$1.43B$1.38B|
|Loans||Q4 2018vs Q4 2017||$1.08B$962.1MM|
|Deposits||Q4 2018vs Q4 2017||$1.23B$1.19B|
|Equity Capital||Q4 2018vs Q4 2017||$195.0MM$179.2MM|
|Loan Loss Allowance||Q4 2018vs Q4 2017||$3.8MM$3.4MM|
|Unbacked Noncurrent Loans||Q4 2018vs Q4 2017||$2.2MM$2.6MM|
|Real Estate Owned||Q4 2018vs Q4 2017||$0$0|
Rates for LBS Financial Credit Union are currently being reviewed.
|LBS Financial Credit Union Locations|
|Branch Office||1401 Quail St||Newport Beach, CA 92660-2744|
|Branch Office||4916 Bellflower Blvd||Lakewood, CA 90713-1810|
|Branch Office||11239 183rd St||Cerritos, CA 90703-5417|
|Branch Office||6417 E Spring St||Long Beach, CA 90808-4022|
|Branch Office||4341 E 10th St||Long Beach, CA 90804-5511|
|Branch Office||4436 Atlantic Ave||Long Beach, CA 90807|
|Corporate Office||5505 Garden Grove Blvd||Westminster, CA 92683|
|Branch Office||6049 E 7th St||Long Beach, CA 90840-0007|