Business Details
50+ Years
experience
Your Trusted Credit Union for Financial Services
Founded in 1935, LBS Financial Credit Union has served the Long Beach community with a commitment to superior service and unbreakable trust. Originally established to support school district employees, we have grown to serve anyone living or working in our local area while maintaining our founding principles. Our team of dedicated professionals prioritizes member needs, offering competitive financial products and personalized service. With a focus on education and financial wellbeing, we provide resources to help members achieve their goals. Our stability is reflected in our strong capitalization and decades-long leadership tenure.We emphasize transparency, ethical practices, and community engagement through local programs and partnerships. As a member-owned institution, we reinvest earnings to benefit our members through better rates, lower fees, and innovative services. Our 90-year legacy demonstrates our ability to adapt to changing financial landscapes while preserving core values. We operate with a mission-driven approach, ensuring every decision aligns with our vision of being the most valued financial institution in the region. Our physical presence in Long Beach, combined with digital banking tools, ensures accessibility for all members.
Services
Checking Accounts
Auto Loans
Home Equity Loans
Savings Accounts
Credit Cards
Investment Services
Mobile Banking
Financial Education
Share Certificates
IRA Accounts
Details
- Year established: 1935
Highlights and features
- We offer member-owned financial services prioritizing your interests over profits
- Our competitive rates on loans and savings accounts save members $480-$2,013 annually
- We maintain 12.42% net capital, double regulatory requirements for financial stability
- Our local decision-making ensures personalized service and community reinvestment
- We provide free financial education resources to enhance member financial literacy
Associations and certifications
- National Credit Union Administration (NCUA)
What people say
Helpful staff
Great savings
No hidden fees
Financial education
Local focus
Services
Auto Loans
We provide competitive auto loans for new and used vehicles with rates starting at 5.39% APR. Our financing options include up to 120% loan-to-value with flexible terms from 36 to 84 months. Members benefit from lower rates compared to traditional banks, with potential savings of $167 annually on average.
Share Certificates
Our high-yield share certificates offer guaranteed returns with terms starting at 5 months. Current rates reach 4.15% APY with no maximum deposit limit. These federally insured savings vehicles provide better returns than traditional savings accounts while maintaining liquidity through maturity options.
Checking Accounts
We offer free checking with eStatements and interest-bearing checking options. Benefits include 30,000 fee-free ATMs nationwide, early direct deposit access, and customizable debit card choices. Our accounts serve both individual and business banking needs with no monthly maintenance fees.
Home Equity Loans
Our home equity solutions include fixed-rate loans and lines of credit with competitive rates starting at 6.00% APR. We offer financing up to $580,000 for primary residences in Los Angeles County. Members receive personalized guidance through the mortgage process from experienced local loan officers.
Financial Education
We provide free educational resources including budgeting tools, credit-building strategies, and financial literacy modules. Our programs help members achieve long-term financial stability through personalized guidance and self-paced learning materials focused on practical money management skills.
People
Sean Hardeman
President & CEO
Sean Hardeman leads LBS Financial Credit Union with decades of credit union experience, focusing on member-centric growth and financial stability. He oversees strategic operations while maintaining community engagement commitments.
Dr. Jay Camerino
Chair
Dr. Jay Camerino serves as Board Chair, bringing educational expertise and governance leadership to ensure the credit union's long-term success and member value.
Questions
Who can join LBS Financial?
Anyone living or working in Long Beach or Los Angeles County can join, along with school district employees and their families.
Are my deposits insured?
All deposits are federally insured up to $250,000 per depositor by the National Credit Union Administration (NCUA), with potential coverage exceeding $1 million in specific cases.
What loan products do you offer?
We provide auto loans, home equity loans, mortgages, personal loans, credit cards, and business financing with competitive rates and flexible terms.
How do I access banking services?
Banking services are available through mobile app, online banking, phone banking, 30,000 fee-free ATMs, and in-person branch locations.
Do you offer financial education resources?
Yes, we provide free financial education modules covering budgeting, credit building, and money management strategies for all member needs.
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