Company Profile
LBS Financial Credit Union
Company Overview
What We Continue to Do
We continue to serve school and college employees, but we also have a state charter and now serve anyone who lives or works in our local community. Our products, services, and rates have adapted to serve our Members but our underlying commitment has not changed. We’re owned by our Members and committed to delivering them great financial products and trusted, friendly service.
LBS Financial Credit Union operates day in and day out with these values top of mind:
Member Focus
Our Members are our owners which enables us to focus on doing what is best for our Members and the entire Membership. We are dedicated to putting our Members first, serving them with compassion and empathy, and looking for ways to help them achieve their personal financial goals.
Relationships
Relationships start with the teamwork we build internally with our Employees who lend a hand to help each other. We aim to foster a sense of belonging and warmth, ensuring both our Members and Employees feel welcomed within our community. We value the connections we establish with our Members, spanning across generations within families. We also expand our reach by lending a hand to local non?profits and community groups, building relationships to strengthen our communities.
Transparency
Building trust with our Members requires strong integrity, ethical behavior, and transparency in our actions. We are honest with our mistakes while striving for accuracy in everything we do.
Education
Our roots are in education, and education creates financial freedom. LBS Financial champions financial well?being for our Members and supports education in the communities we serve. Building knowledge and providing ongoing training to our Employees is critical to serving our Members well.
Company History
Our Story
In 1935, employees from Long Beach Unified School District and Long Beach City College applied for a credit union charter to serve Long Beach school 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.
Over the last 90 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 four CEOs over our lifetime, with the majority having served the Credit Union for decades.
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