LBS Financial Credit Union

Overview / Commentary
5505 Garden Grove Blvd
Westminster, CA 92683

LBS Financial Credit Union is headquartered in Westminster and is the 35th largest credit union in the state of California. It is also the 212th largest credit union in the nation. It was established in 1935 and as of June of 2020, it had grown to 209 employees and 135,490 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

Reviews (2)

LBS Financial

Posted by: |

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: |

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 Grade Components

NCUA #68460
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD0.49%
Return on Equity - YTD4.04%
Annual Interest Income$25.4MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$1.68B$1.50B
LoansQ2 2020vs Q2 2019$1.09B$1.09B
DepositsQ2 2020vs Q2 2019$1.47B$1.29B
Equity CapitalQ2 2020vs Q2 2019$197.5MM$195.7MM
Loan Loss AllowanceQ2 2020vs Q2 2019$4.8MM$4.2MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$1.5MM$2.2MM
Real Estate OwnedQ2 2020vs Q2 2019$0$0

Rates for LBS Financial Credit Union are currently being reviewed.


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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