GLENDALE, Calif.–Los Angeles Federal Credit Union is celebrating its 85th anniversary.
To mark the occasion, the credit unions aid it is offering fun contests and giveaways, including $85 monthly raffles and an exciting $850 grand prize.
Among the ways LAFCU said it has helped its members over the years:
• Account access (nationwide ATMs & Shared Branches; online, mobile, telephone banking; mobile apps; Live Chat)
• Social media sites (Facebook, Instagram, Twitter & a YouTube Channel)
• Consumer loans (homes, credit lines, vehicles, energy, unsecured)
• Consumer savings (regular, certificates & money markets)
• Business accounts & loans
• Loan programs (credit repair, payment protection & skip-a-payment)
• Mobile Check Deposit
• Online person-to-person payment
• Free Checking account
• Relationship Rewards program
• Special Clubs for pre-teens, teens, young adults & seniors.
• Debit Cards & Credit Cards
• Helpful services (insurance, investment & vehicle buying)
• Financial counseling
• Online loan & membership applications
LAFCU was founded in 1936 by 13 Los Angeles City Employees to give fellow employees a safe, low-cost, and convenient source to borrow and save money during the height of the Great Depression. They gathered $65 to form the “Los Angeles City Employees Federal Credit Union.” In 1987, the name changed to Los Angeles Federal Credit Union to reflect a growing field of membership, which started to include immediate family members of City employees and individuals who lived in the same household as a current member.
In 2006 LAFCU expanded its field again to include residents living in most counties of Southern California by establishing the Los Angeles Charitable Association, Inc. (LACA). LACA is a 501(c)3 nonprofit charity that donates and supports charities in the greater L.A. area that since 2006, has donated over $500,000 to those charities.