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LA Financial Credit Union is headquartered in Arcadia and is the 87th largest credit union in the state of California. It is also the 694th largest credit union in the nation. It was established in 1937 and as of December of 2024, it had grown to 77 employees and 22,978 members at 5 locations. LA Financial Credit Union has a B+ health rating.
Membership in LA Financial Credit Union is open to those who live, work, worship, volunteer, or attend school in Los Angeles County, California or Lake Havasu City, Arizona. Employees of the City of Los Angeles also qualify for membership, as do immediate family members of a current LA Financial Credit Union member or employee.
See current membership details
Did you breakup with your bank and found that you missed Gotcha Capitalism and Sneaky fees?
Well fret no more, with LAFCU you can be a member of a CU and still be treated as bad as if you where at Wells Fargo.
A few months ago they sent out a long two page letter about some new "benefits" that where basically useless.
At the bottom of the 2nd page was the Gotcha, account fees being hiked from $0.00 to $7 a month.
I was not happy about this and felt that burying it in a 2nd page letter was really shady.
I posted about this on their Facebook and Twitter pages to express my displeasure and to warn other members about the fee hike.
Instead of addressing my comments - they just deleted them and banned me from both their FB and Twitter pages.
Overall | |
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NCUA # | 2024 |
Year Chartered | 1937 |
Employees | 77 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.23% |
Return on Equity - YTD | 3.27% |
Annual Interest Income | $21.7MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2024vs Q4 2023 | $559.1MM$532.5MM |
Loans | Q4 2024vs Q4 2023 | $412.7MM$410.4MM |
Deposits | Q4 2024vs Q4 2023 | $487.1MM$472.2MM |
Equity Capital | Q4 2024vs Q4 2023 | $40MM$37.7MM |
Loan Loss Allowance | Q4 2024vs Q4 2023 | $1.7MM$1.7MM |
Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $1.9MM$423K |
Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |
Rates for LA Financial Credit Union are currently being reviewed.
LA Financial Credit Union Locations | ||
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Branch Office | 1871 Kiowa Ave | Lake Havasu City, AZ 86403-2461 |
Branch Office | 224 N Fair Oaks Ave | Pasadena, CA 91103 |
Branch Office | 12125 Imperial Hwy Ste A1 | Norwalk, CA 90650 |
Branch Office | 209 S Broadway | Los Angeles, CA 90012-3604 |
Corporate Office | 50 E Foothill Blvd | Arcadia, CA 91006-2314 |