Largest Valley-based credit unions: ranked by assets.EXECUTIVE SUMMARY THE top three Valley based credit unions all reported over $1 billion in assets as of June June: see month. 30, 2006 with the top 10 showing current assets Current Assets Appearing on a company's balance sheet, it represents cash, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that can be converted to cash within one year. of more than $240 million. While most credit unions on the Business Journal's list had increases in assets and deposits, 11 of the 20 credit unions experienced net income decreases at the end of the second quarter of 2006 compared to 2005. The losses in net income range from less than two percent to over 76 percent, with live suffering more than a 50 percent drop in net income in the past year. While Lockheed “Lockheed” redirects here. For the character in Marvel Comics, see Lockheed (comics). For the current company, see . Lockheed Corporation (originally Loughead Aircraft Manufacturing Company) was an American aerospace company originally founded in 1912 Federal Credit Union ranked the highest in assets with almost $2.3 billion, Technicolor Tech·ni·col·or A trademark used for a method of making color motion pictures in which films sensitive to different primary colors are exposed simultaneously and are later superimposed to produce the full-color print. Federal Credit Union, which recorded a modest $40 million in assets, showed the most growth of all with over 50 percent increases in both assets and deposits. THE PACESETTER LOCKHEED FEDERAL CREDIT UNION THE top credit union on the Business Journal's list is Burbank-based Lockheed Federal Credit Union with assets close to $2.3 billion as of June 30, 2006. The credit union reported an increase of more than 10 percent over its 2005 assets. The same growth percentage was indicated in deposits with over $1.9 billion lor the second quarter of 2006, compared to its 2005 deposits. In the net income category, it showed less than a two percent decrease compared to last year's figures. David Styler, ceo. Serving employees of more than 600 companies for nearly 70 years, Lockheed Federal Credit Union offers its services primarily in the aerospace, technology and insurance fields. The credit union provides a wide variety of services including savings, checking and money market accounts plus IRAs and certificates of deposit. Lending services include personal loans, residential mortgages, commercial real estate loans and credit card services The software support for PC Cards. PC Card applications talk to Card Services. See PC Card. . The credit union also offers life, health, auto and homeowners insurance products. The credit union is also committed to worthy Worthy can refer to: People
v. do·nat·ed, do·nat·ing, do·nates v.tr. To present as a gift to a fund or cause; contribute. v.intr. To make a contribution to a fund or cause. to non-profit organizations A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. such as the Susan SUSAN Smallest Univalue Segment Assimilating Nucleus SUSAN Sub Saharan African Network SUSAN Smart Ultrasonic System for Aircraft NDE G. Komen This article is about the Slovenian municipality. For the breast cancer foundation, see Susan G. Komen for the Cure. For the Belgian town, see Comines-Warneton. Komen is a municipality in Slovenia. Breast Cancer Foundation, Special Olympics Special Olympics International sports program for people with intellectual disability. It provides year-round training and athletic competition in a variety of Olympic-type summer and winter sports for participants. , Make a Wish Foundation and Meals on Wheels n. 1. A program that delivers hot meals to persons, such as the elderly or disabled, who are confined to their homes and unable to cook for themselves; also, the meals thus delivered. Such programs are usually conducted by governmental or charitable organizations. . Lockheed Federal Credit Union has a rich U.S. history, as it was founded in 1937 during the Great Depression. As World War II was on the horizon, Lockheed was developing planes that would soon be used in the war.
Rank Credit Unions Assets Deposits
* name (in millions) (in millions)
* address * as of June 30, * as of June 30,
2006 2006
* as of June 30, * as of June 30,
2005 2005
* percent change * percent change
1 Lockheed Federal 2,295.1 1,921.8
2340 Hollywood Way 2,076.7 1,745.6
Burbank 91505 10.52% 10.09%
2 Premier America 1,194.7 1,005.2
19867 Prairie St. 1,077.2 934.2
Chatsworth 91311 10.91% 7.59%
3 California Federal 1,131.5 942.7
P.O. Box 29100 1,020.1 899.6
Glendale 91209 10.92% 4.79%
4 Cal Tech Employees 742.8 688.0
P.O. Box 11001 728.3 665.7
La Canada 91012 1.99% 3.35%
5 Los Angeles Police 652.4 570.6
Federal 647.5 568.4
16150 Sherman Way 0.76% 0.39%
Van Nuys 91406
6 Telesis Community 601.8 386.6
9301 Winnetka Ave. 522.9 379.0
Chatsworth 91311 15.09% 2.01%
7 Los Angeles Federal 565.5 495.3
300 S. Glendale Ave. 572.1 507.1
Glendale 91205 -1.15% -2.33%
8 Vista Federal 481.1 428.4
100 N. First St. Ste 200 439.5 393.9
Burbank 91502 9.47% 8.76%
9 Pacific Oaks Federal 263.6 232.9
761 Daily Drive Ste 200 256.3 228.9
Camarillo 93010 2.85% 1.75%
10 Burbank City Federal 242.8 216.4
1800 W. Magnolia Blvd. 227.6 203.6
Burbank 91506 6.68% 6.29%
11 AFTRA-SAG Federal 204.7 184.9
P.O. Box 11419 194.1 174.5
Burbank 91510 5.46% 5.96%
12 Glendale Area Schools 182.7 160.5
Federal 175.0 153.8
1800 Broadview Drive 4.40% 4.36%
Glendale 91208
13 Matadors Community 117.5 105.2
P.O. Box 1052 117.4 105.4
Northridge 91328 0.09% -0.19%
14 Burbank Community Federal 113.6 100.6
P.O. Box 7767 107.8 95.5
Burbank 91510 5.38% 5.34%
15 Ralphs Federal 82.8 72.5
340 Arden Ave. 82.2 72.4
Glendale 91203 0.73% 0.14%
16 Universal City Studios 60.0 47.2
90 Universal City Plaza 60.7 50.6
Bldg. 132 -1.15% -6.72%
Universal City 91608
17 NBC Universal Employees 57.5 51.8
Federal 61.8 56.1
3000 W. Alameda Ave. -6.96% -7.66%
Bung. 1550
Burbank 91523
18 Antelope Valley Federal 52.3 47.1
P.O. Box 888 59.0 54.5
Lancaster 93584 -11.36% -13.58%
19 Glendale City Employees 50.0 41.2
P.O. Box 10820 51.3 42.7
Glendale 91209 -2.53% -3.51%
20 Technicolor Federal 40.6 34.9
434 W. Alameda Ave. 25.6 22.9
Burbank 91501 58.59% 52.40%
Rank Credit Unions Net Income Delinguent Loans
* name (in millions) (as of June 30,
* address * 6 months ended 2006)
June 30, 2006 * % of total
* 6 months ended loans
June 30, 2005 * % of total
* percent change assets
1 Lockheed Federal 19.8 0.13
2340 Hollywood Way 20.2 0.12
Burbank 91505 -1.98%
2 Premier America 6.3 0.26
19867 Prairie St. 5.4 0.22
Chatsworth 91311 16.67%
3 California Federal 6.8 0.07
P.O. Box 29100 6.8 0.05
Glendale 91209 0.00%
4 Cal Tech Employees .967 0.08
P.O. Box 11001 1.6 0.03
La Canada 91012 -39.56%
5 Los Angeles Police 2.5 0.11
Federal 3.3 0.07
16150 Sherman Way -24.24%
Van Nuys 91406
6 Telesis Community 3.1 1.15
9301 Winnetka Ave. 6.5 0.98
Chatsworth 91311 -52.31%
7 Los Angeles Federal 2.0 0.50
300 S. Glendale Ave. 2.1 0.29
Glendale 91205 -4.76%
8 Vista Federal 4.1 0.20
100 N. First St. Ste 200 3.0 0.17
Burbank 91502 36.67%
9 Pacific Oaks Federal .763 0.28
761 Daily Drive Ste 200 .581 0.22
Camarillo 93010 31.33%
10 Burbank City Federal 1.0 0.30
1800 W. Magnolia Blvd. 1.2 0.25
Burbank 91506 -16.67%
11 AFTRA-SAG Federal .104 0.41
P.O. Box 11419 .450 0.25
Burbank 91510 -76.89%
12 Glendale Area Schools .870 0.10
Federal .680 0.03
1800 Broadview Drive 27.94%
Glendale 91208
13 Matadors Community .243 0.14
P.O. Box 1052 .826 0.11
Northridge 91328 -70.58%
14 Burbank Community Federal .373 1.01
P.O. Box 7767 .552 0.52
Burbank 91510 -32.43%
15 Ralphs Federal .472 0.09
340 Arden Ave. .449 0.04
Glendale 91203 5.12%
16 Universal City Studios .184 0.68
90 Universal City Plaza .374 0.58
Bldg. 132 -50.80%
Universal City 91608
17 NBC Universal Employees .075 0.32
Federal .039 0.18
3000 W. Alameda Ave. 92.31%
Bung. 1550
Burbank 91523
18 Antelope Valley Federal .341 0.61
P.O. Box 888 .245 0.16
Lancaster 93584 39.18%
19 Glendale City Employees .129 0.25
P.O. Box 10820 .268 0.09
Glendale 91209 -51.87%
20 Technicolor Federal -.014 1.07
434 W. Alameda Ave. -.048 0.55
Burbank 91501 na
Rank Credit Unions Returns Branches
* name (as of June 30, * number of
* address 2006) branches
* on average * number of ATMs
assets * year founded
* yield on
average
investment
1 Lockheed Federal 1.77 5
2340 Hollywood Way 3.28 17
Burbank 91505 1937
2 Premier America 1.07 7
19867 Prairie St. 3.67 6
Chatsworth 91311 1957
3 California Federal 1.21 3
P.O. Box 29100 3.08 4
Glendale 91209 1933
4 Cal Tech Employees 0.26 1
P.O. Box 11001 4.40 1
La Canada 91012 1950
5 Los Angeles Police 0.77 1
Federal 4.00 6
16150 Sherman Way 1959
Van Nuys 91406
6 Telesis Community 1.06 9
9301 Winnetka Ave. 3.88 11
Chatsworth 91311 1965
7 Los Angeles Federal 0.72 2
300 S. Glendale Ave. 4.16 7
Glendale 91205 1936
8 Vista Federal 1.73 1
100 N. First St. Ste 200 4.12 6
Burbank 91502 1960
9 Pacific Oaks Federal 0.58 3
761 Daily Drive Ste 200 4.66 5
Camarillo 93010 1948
10 Burbank City Federal 0.84 24
1800 W. Magnolia Blvd. 3.85
Burbank 91506 1940
11 AFTRA-SAG Federal 0.1 2
P.O. Box 11419 3.94 2
Burbank 91510 1962
12 Glendale Area Schools 0.97 1
Federal 3.55 3
1800 Broadview Drive 1937
Glendale 91208
13 Matadors Community 0.41 2
P.O. Box 1052 4.69 3
Northridge 91328 1963
14 Burbank Community Federal 0.67 1
P.O. Box 7767 3.73 1
Burbank 91510 1940
15 Ralphs Federal 1.15 1
340 Arden Ave. 4.28 3
Glendale 91203 1954
16 Universal City Studios 0.62 1
90 Universal City Plaza 3.47 9
Bldg. 132 1927
Universal City 91608
17 NBC Universal Employees 0.25 2
Federal 3.47 1
3000 W. Alameda Ave. 1959
Bung. 1550
Burbank 91523
18 Antelope Valley Federal 1.31 1
P.O. Box 888 4.24 1
Lancaster 93584 1959
19 Glendale City Employees 0.52 1
P.O. Box 10820 3.46 1
Glendale 91209 1951
20 Technicolor Federal -0.07 1
434 W. Alameda Ave. 4.06 2
Burbank 91501 1952
Rank Credit Unions Top Local Executive
* name * name
* address * title
* phone
1 Lockheed Federal David Styler
2340 Hollywood Way ceo
Burbank 91505 (818) 565-2020
2 Premier America John Merlo
19867 Prairie St. ceo
Chatsworth 91311 (818) 772-4000
3 California Federal Ronald McDaniel
P.O. Box 29100 ceo
Glendale 91209 (800) 334-8788
4 Cal Tech Employees Richard Harris
P.O. Box 11001 ceo
La Canada 91012 (818) 952-4444
5 Los Angeles Police Stephen Endaya
Federal ceo
16150 Sherman Way (818) 787-6520
Van Nuys 91406
6 Telesis Community Grace Mayo
9301 Winnetka Ave. ceo
Chatsworth 91311 (818) 885-1226
7 Los Angeles Federal Steven McDiffett
300 S. Glendale Ave. ceo
Glendale 91205 (818) 242-8640
8 Vista Federal John Janclaes
100 N. First St. Ste 200 ceo
Burbank 91502 (800) 838-4782
9 Pacific Oaks Federal Marianne Blitsch
761 Daily Drive Ste 200 ceo
Camarillo 93010 (805) 384-1100
10 Burbank City Federal Thomas Moioffer
1800 W. Magnolia Blvd. ceo
Burbank 91506 (818) 846-1710
11 AFTRA-SAG Federal Alfred L. Dutra
P.O. Box 11419 ceo
Burbank 91510 (818) 562-3400
12 Glendale Area Schools Stuart Perlitsh
Federal ceo
1800 Broadview Drive (818) 248-7425
Glendale 91208
13 Matadors Community Dale Verderano
P.O. Box 1052 ceo
Northridge 91328 (818) 993-6328
14 Burbank Community Federal Margaret Holliday
P.O. Box 7767 ceo
Burbank 91510 (818) 238-2900
15 Ralphs Federal Dalia Bieltz
340 Arden Ave. ceo
Glendale 91203 (818) 937-5300
16 Universal City Studios Thomas Oft
90 Universal City Plaza ceo
Bldg. 132 (818) 777-1295
Universal City 91608
17 NBC Universal Employees Kirk Bowren
Federal ceo
3000 W. Alameda Ave. (818) 840-4007
Bung. 1550
Burbank 91523
18 Antelope Valley Federal Stephen Cooper
P.O. Box 888 ceo
Lancaster 93584 (661) 945-5805
19 Glendale City Employees Shirley Tapp
P.O. Box 10820 ceo
Glendale 91209 (818) 548-3976
20 Technicolor Federal Daphne Brock
434 W. Alameda Ave. ceo
Burbank 91501 (818) 973-4900
NA: not available
na: not applicable
WND: would not disclose
To be eligible for the list, credit unions had to be based in the
greater San Fernando Valley area.
Credit unions were ranked by their assets as of June 30, 2006.
Financial data was obtained through the National Credit Union
Association. Additional data was provided by the credit unions
themselves.
To the best of our knowledge, this information is accurate as of
press time. While every effort is made to ensure the accuracy and
thoroughness of the list, omissions and typographical errors sometimes
occur. Please send corrections or additions on company letterhead to
the Research Department, San Fernando Valley Business Journal, 21600
Oxnard St., Suite 250, Woodland Hills 91367. [c] 2006 San Fernando
Valley Business Journal. This list may not be reprinted in whole or in
part without prior written permission from the editor. Reprints are
available from Wright's Reprints, (877) 652-5295 ext. 104 or e-mail
jmartin@wrightsreprints.com.
Researched by Barbara Sheppard with data from National Credit
Union Assn.
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