LONG BEACH, Calif. -- LBS Financial Credit Union surpassed $1 billion in total assets recently.
In September 1935, LBS Financial (then known as Long Beach School District Employees Federal Credit Union) opened its doors for business in the Long Beach area and has grown with the community to now serve more than 116,000 members.
"LBS Financial Credit Union has been in the community for more than 72 years," said President/CEO Jeffrey Napper. "Reaching $1 billion in assets is a measure of success credited to our members for continuing to utilize our services and to our employees and volunteer board of directors for their continued commitment to quality and friendly member service."
The CU's original field of membership consisted of the educational community and some select employer groups in the local area, but following a charter change in 2000, LBS Financial's field of membership now expands to anyone who lives or works in 30 cities of Los Angeles, Orange and Riverside counties.