Company Profile
LBS Financial Credit Union
Company Overview
At LBS Financial Credit Union we’re on a mission to create paths to success together with our Employees and our Members!
Our Employees are friendly, accurate, and courteous credit union professionals providing our Members with the best banking experience imaginable. Our Members enjoy outstanding value in their day-to-day banking through quality products and services, competitive rates, low fees, and convenient account access. Through a shared purpose, our team strives to achieve a positive place to work, by building trust in each and every interaction between our Members and one another.
With our long history of making financially sound decisions we’ve been placed in the Top 200 of 5,500 Credit Unions across the US 6 years in a row! For the last 9 years, we have been voted Best Credit Union in the local area by Long Beach Press Telegram readers.
You will find that with over $ 1.5 billion in total assets and serving over 130,000 Members in the Long Beach and surrounding areas, our unique stability and trustworthiness stands out to both our Membership and Employees.
Take a look at lbsfcu.org for more information.
Company History
Our Credit Union was created in 1935 to serve Long Beach school district and city college employees. Long Beach School District Employees Federal Credit Union, as LBS Financial was originally called, was operated out of homes and a classroom at Wilson High School. The staff were mostly volunteers who wanted to help the members of their community have affordable, trusted financial options.
In 1939, the first Credit Union office opened on 10th and Ximeno in Long Beach. About a decade later, LBS Financial purchased the office and land that its first building sat on, making it the first credit union west of the Mississippi to own its own building. We still own and operate this branch today.
For more than 85 years, we’ve experienced tremendous growth and expansion, but have remained true to that original commitment to serve. We are now able to serve anyone who lives or works in the local area in addition to our school and college employees. The stability of our Credit Union starts with our CEOs, who have faithfully served for extended tenures. We’ve had only three CEOs over our lifetime, each of whom has served the Credit Union for more than 35 years.
Benefits
LBS Financial offers our Full-time employees:
• Excellent benefits package: Medical, Dental, and Vision.
• Paid holidays and other Paid Time Off: Vacation, Sick, and Floating Holiday.
• Fully funded pension plan.
• 401(k), Life Insurance, and Long Term Disability.
• Rewards and Recognition Program.
• Paid Volunteer hours.
• Loan discounts and free branch services.
• Plus a variety of additional voluntary benefits.
…and we haven’t left our Part-time employees out, LBS Financial offers:
• We offer voluntary Medical & Dental benefits.
• Accrued Time Off: Vacation, Sick, and Floating Holiday.
• Voluntary 401(k) & the opportunity to qualify for fully funded pension plan.
• Rewards and Recognition Program.
• Paid Volunteer hours.
• Loan discounts and free branch services.
• Discount entertainment, movie tickets, travel, car rentals, and much more.