Los Angeles Federal Credit Union


Overview / Commentary
818-242-8640
300 S Glendale Ave
Glendale, CA 91205

Los Angeles Federal Credit Union is headquartered in Glendale and is the 52nd largest credit union in the state of California. It is also the 357th largest credit union in the nation. It was established in 1936 and as of June of 2023, it had grown to 171 employees and 75,905 members at 7 locations. Los Angeles Federal Credit Union's money market rates are 82% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Membership in Los Angeles Federal Credit Union is open to the residents of the the California counties of Los Angeles, Orange, Riverside, San Bernardino, or Ventura by joining the Los Angeles Charitable Association ($5). Membership is also open to employees of the City of Los Angeles.
See current membership details

Reviews (3)

LAFCU is great!

Posted by: |

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.

Posted by: |

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.

 



Health

Health Grade Components

Overall
NCUA #1207
Year Chartered1936
Employees171
Primary Regulator
Profit Margin
Return on Assets - YTD0.24%
Return on Equity - YTD3.48%
Annual Interest Income$20.6MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$1.27B$1.26B
LoansQ2 2023vs Q2 2022$846.6MM$749.9MM
DepositsQ2 2023vs Q2 2022$1.12B$1.15B
Equity CapitalQ2 2023vs Q2 2022$87.9MM$95.8MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$5.9MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$3.1MM$1.2MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Los Angeles Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Los Angeles Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%*$50k*-Health Savings Account
OTHER TIERS: 0.30% Up to $2.5k | 0.70% $2.5k - $10k | 0.75% $10k - $25k | 0.80% $25k - $50k
0.15%$10-Holiday Savings Account
0.10%*$10k*-Share Savings Account
OTHER TIERS: 0.05% Up to $1k

Los Angeles Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%*$50k*-Online Money Market Account
OTHER TIERS: 0.30% Up to $2.5k | 0.70% $2.5k - $10k | 0.75% $10k - $25k | 0.80% $25k - $50k
0.80%*$50k*-Money Market Account
OTHER TIERS: 0.65% $2.5k - $10k | 0.70% $10k - $25k | 0.75% $25k - $50k

Los Angeles Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%$10k-Free Checking

Los Angeles Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.88%$100k-60 Month Senior Jumbo Share Certificate
2.83%$1k-60 Month Senior Share Certificate
2.83%$100k-60 Month Jumbo Share Certificate
2.78%$1k-60 Month Regular Share Certificate
2.78%$100-60 Month Starter Share Certificate
2.22%$100k-48-59 Month Senior Jumbo Share Certificate
2.17%$100k-36-47 Month Senior Jumbo Share Certificate
2.17%$1k-48-59 Month Senior Share Certificate
2.17%$100k-48-59 Month Jumbo Share Certificate
2.12%$1k-48-59 Month Regular Share Certificate
2.12%$100-48-59 Month Starter Share Certificate
2.12%$100k-24-35 Month Senior Jumbo Share Certificate
2.12%$1k-36-47 Month Senior Share Certificate
2.12%$100k-36-47 Month Jumbo Share Certificate
2.07%$1k-36-47 Month Regular Share Certificate
2.07%$100-36-47 Month Starter Share Certificate
2.07%$1k-24-35 Month Senior Share Certificate
2.07%$100k-24-35 Month Jumbo Share Certificate
2.02%$1k-24-35 Month Regular Share Certificate
2.02%$100-24-35 Month Starter Share Certificate
1.61%$100k-12-23 Month Senior Jumbo Share Certificate
1.56%$1k-12-23 Month Senior Share Certificate
1.56%$100k-12-23 Month Jumbo Share Certificate
1.51%$1k-12-23 Month Regular Share Certificate
1.51%$100-12-23 Month Starter Share Certificate
0.70%$100k-6-11 Month Senior Jumbo Share Certificate
0.65%$1k-6-11 Month Senior Share Certificate
0.65%$100k-6-11 Month Jumbo Share Certificate
0.60%$1k-6-11 Month Regular Share Certificate
0.60%$100-6-11 Month Starter Share Certificate
0.55%$100k-3-5 Month Senior Jumbo Share Certificate
0.50%$1k-3-5 Month Senior Share Certificate
0.50%$100k-3-5 Month Jumbo Share Certificate
0.45%$1k-3-5 Month Regular Share Certificate
0.45%$100-3-5 Month Starter Share Certificate

Los Angeles Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.78%$500-60 Month IRA Share Certificate
2.12%$500-48-59 Month IRA Share Certificate
2.07%$500-36-47 Month IRA Share Certificate
2.02%$500-24-35 Month IRA Share Certificate
1.51%$500-12-23 Month IRA Share Certificate
0.60%$500-6-11 Month IRA Share Certificate
0.45%$500-3-5 Month IRA Share Certificate
Locations


Los Angeles Federal Credit Union Locations
Branch Office300 S Glendale AveGlendale, CA 91205-5305
Branch Office8008 Van Nuys BlvdPanorama City, CA 91402
Branch Office1352 W Artesia BlvdGardena, CA 90248-3370
Branch Office3850 Culver CtrCulver City, CA 90232-3303
Branch Office9204 Flair DrEl Monte, CA 91731-2834
Branch Office201 N Los Angeles StLos Angeles, CA 90012
Branch Office11306 South StCerritos, CA 90703

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