What began as credit union for local school employees is now cooperative of 115,000 members in its 75th year

By Brett Ashley Hawkins
Editorial Intern

Long Beach Schools Financial Credit Union’s original corporate office at 4341 E. 10th St. (circa mid-1950s), which today serves as the credit union’s East Long Beach branch.

Long Beach Schools Financial Credit Union’s original corporate office at 4341 E. 10th St. (circa mid-1950s), which today serves as the credit union’s East Long Beach branch.

With 75 years of service under its belt, Long Beach Schools Financial Credit Union (LBSFCU) is now celebrating the dodranscentennial anniversary of its creation by Long Beach Unified School District employees in 1935. The credit union has been providing financial services to members in the Greater Long Beach area and has grown steadily through the years to include local businesses and other cities and counties, in addition to the employees from local school districts and colleges the union originally served.
To kick off the celebration, LBSFCU has unveiled its new logo and set up displays in all six of its branches showcasing the history of the credit union with information that includes facts about: its incorporation on September 13, 1935; the credit union’s original branch at a former soda shop; the financial institution’s current total assets estimation of more than $1 billion; and its clientele, which includes just over 10,000 members but now encompasses more than 115,000 members.
“Working for LBS Financial is like being part of a family and is another place to call home,” said Heather Summers, vice president of marketing for LBSFCU. “I’m proud to be part of an organization that has such great heritage, reputation, and longevity.”
LBSFCU is a member-owned cooperative that provides checking, savings, money market, certificate, IRA, insurance, and investment services to its members. The credit union also assists with personal, vehicle, home, and boat loans. Today’s field of membership spans 50 cities, with branches in Riverside, San Bernardino, Orange, and San Diego counties.
“Our success can be attributed directly to our membership and staff,” said LBSFCU President and CEO Jeffrey Napper. “As a member-owned cooperative, we focus on taking care of our members first. We are grateful to have a very loyal membership, many of whom have been with us for decades.”

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