Long Beach school district and city college employees. Long Beach School District Employees Federal Credit Union, as LBS Financial was originally called, was operated out of homes and a classroom at Wilson High School. The staff were mostly volunteers who wanted to help the members of their community have affordable, trusted financial options.
In 1939, the first Credit Union office opened on 10th and Ximeno in Long Beach. About a decade later, LBS Financial purchased the office and land that its first building sat on, making it the first credit union west of the Mississippi to own its own building. We still own and operate this branch today.
Over the last 85 years, we’ve experienced tremendous growth and expansion, but have remained true to that original commitment to serve. We are now able to serve anyone who lives or works in the local area in addition to our school and college employees. The stability of our Credit Union starts with our CEOs, who have faithfully served for extended tenures. We’ve had only three CEOs over our lifetime, each of whom has served the Credit Union for more than 35 years.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154