Los Angeles Federal Credit Union
Los Angeles Federal Credit Union is headquartered in Glendale and is the 53rd largest credit union in the state of California. It is also the 360th largest credit union in the nation. It was established in 1936 and as of December of 2022, it had grown to 166 employees and 74,782 members at 7 locations. Los Angeles Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Los Angeles Federal Credit Union is open to anyone living in most counties in Southern California by joining the Los Angeles Charitable Association ($5). Membership is also open to employees, retirees, and volunteers of the City of Los Angeles.
See current membership details
Related Posts
8/12 - Up To $300 In Bonuses At Los Angeles Federal Credit Union
LAFCU is great!
Los Angeles Federal Credit Union is a great credit union. They have the a no fee checking account that only requires a donation to qualify as a member of the credit union. I am an internet guru and I spend a lot of time on the internet looking for the best credit union and was not able to find anywhere that had a good fee free checking account like Los Angeles Federal Credit Union does. I have had contact from them a few times and every time they are really helpful and fix whatever the issue happens to be. They make it so easy to use their account! You can login on their web page to view your account, which is nice and not all credit unions have that.
Los Angeles Federal Credit Union is a nice credit union.
Los Angeles Federal Credit Union is a nice credit union. They have a no fee checking account that only requires a small donation to qualify as a member of the credit union. I am an on-line guru and I spend a lot of time on the web looking for credit unions and I wasn't able to find anywhere that had a good fee free checking account like Los Angeles Federal Credit Union. I have had contact from LAFCU on a few occasions and every occasion they are really helpful and fix each issue I have. LAFCU makes things so easy for you when using your account. You can login on their web page and view your account, which is nice and helpful as a few credit unions don't have on-line access.
Very Unprofesional
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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.
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1207 |
| Year Chartered | 1936 |
| Employees | 166 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.64% |
| Return on Equity - YTD | 9.38% |
| Annual Interest Income | $36.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $1.24B$1.27B |
| Loans | Q4 2022vs Q4 2021 | $835.0MM$683.6MM |
| Deposits | Q4 2022vs Q4 2021 | $1.13B$1.13B |
| Equity Capital | Q4 2022vs Q4 2021 | $84.8MM$127.8MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $6.0MM$6.3MM |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $2.2MM$1.1MM |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |