Sep, 30, 2025 — LBS FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in WESTMINSTER, CA with 7 branch locations and about $2.12 billion in total assets. Opened 91 years ago in 1935, LBS FINANCIAL CREDIT UNION has about 137,390 members and employs 257 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LBS FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5505 Garden Grove Blvd WESTMINSTER, CA 92683 |
| Phone: | (714) 893-5111 |
| Fax: | (714) 934-3486 |
| Website: | https://www.lbsfcu.org |
| Branches: | 7 branch locations |
| Members: | 137,390 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68460 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,115,225,184 |
| CEO/Manager: | Sean Hardeman |
| Chairperson: | Jay Camerino |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 328,550,206 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 211,000 |
| Real Estate Loans | 312,826,680 |
| Unsecured Loans | 31,054,569 |
| Other Loans | 789,731,691 |
| TOTAL LOANS | 1,133,612,940 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,201,532 |
| Land And Building | 2,265,341 |
| Other Fixed Assets | 1,071,236 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 15,384,798 |
| All Other Assets | 668,354 |
| TOTAL ASSETS | 2,115,225,184 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,523,548 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 288,048,056 |
| Regular shares | 444,408,580 |
| All Other Shares & Deposits | 1,095,804,657 |
| TOTAL SHARES & DEPOSITS | 1,828,261,291 |
| TOTAL LIABILITIES | 1,832,874,654 |
| Regular Reserve | 0 |
| Other Reserves | 4,406,999 |
| Undivided Earnings | 277,943,531 |
| TOTAL EQUITY | 282,350,530 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,115,225,184 |
| INCOME & EXPENSE | |
| Loan Income | 48,293,393 |
| Investment Income | 16,930,907 |
| Other Income | 2,761,632 |
| Total Employee Compensation & Benefits | 19,798,271 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 13,792,043 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,367,730 |
| Cost of Funds | 26,480,278 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,697,869 |
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