Largest Valley-based credit unions.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 l0 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 five 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 for 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. 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.
LARGEST VALLEY-BASED CREDIT UNIONS
Ranked by assets
Rank Credit Unions Assets (in millions)
* name * as of June 30, 2006
* address * as of June 30, 2005
* percent change
1 Lockheed Federal 2,295.1
2340 Hollywood Way 2,076.7
Burbank 91505 10.52%
2 Premier America1 1,194.7
19867 Prairie St. 1,020.1
Chatsworth 91311 10.91%
3 California Federal 1,131.5
P.O. Box 29100 1,077.2
Glendale 91209 10.92%
4 Cal Tech Employees 742.8
P.O. Box 11001 728.3
La Canada 91012 1.99%
5 Los Angeles Police Federal 652.4
16150 Sherman Way 647.5
Van Nuys 91406 0.76%
6 Telesis Community 601.8
9301 Winnetka Ave. 522.9
Chatsworth 91311 15.09%
7 Los Angeles Federal 565.5
300 S. Glendale Ave. 572.1
Glendale 91205 -1.15%
8 Vista Federal 481.1
100 N. First St. Ste 200 439.5
Burbank 91502 9.47%
9 Pacific Oaks Federal 263.6
761 Daily Drive Ste 200 256.3
Camarillo 93010 2.85%
10 Burbank City Federal 242.8
1800 W. Magnolia Blvd. 227.6
Burbank 91506 6.68%
11 AFTRA-SAG Federal 204.7
P.O. Box 11419 194.1
Burbank 91510 5.46%
12 Glendale Area Schools Federal 182.7
1800 Broadview Drive 175.0
Glendale 91208 4.40%
13 Matadors Community 117.5
P.O. Box 1052 117.4
Northridge 91328 0.09%
14 Burbank Community Federal 113.6
P.O. Box 7767 107.8
Burbank 91510 5.38%
15 Ralphs Federal 82.8
340 Arden Ave. 82.2
Glendale 91203 0.73%
16 Universal City Studios 60.0
90 Universal City Plaza Bldg. 132 60.7
Universal City 91608 -1.15%
17 NBC Universal Employees Federal 57.5
3000 W. Alameda Ave. Bung. 1550 61.8
Burbank 91523 -6.96%
18 Antelope Valley Federal 52.3
P.O. Box 888 59.0
Lancaster 93584 -11.36%
19 Glendale City Employees 50.0
P.O. Box 10820 51.3
Glendale 91209 -2.53%
20 Technicolor Federal 40.6
434 W. Alameda Ave. 25.6
Burbank 91501 58.59%
Rank Deposits (in millions) Net Income (in millions)
* as of June 30, 2006 * 6 months ended June 30, 2006
* as of June 30, 2005 * 6 months ended June 30, 2005
* percent change * percent change
1 1,921.8 19.8
1,745.6 20.2
10.09% -1.98%
2 1,005.1 6.3
934.2 5.4
7.59% 16.67%
3 942.7 6.8
899.6 6.8
4.79% 0.00%
4 688.0 .967
665.7 1.6
3.35% -39.56%
5 570.6 2.5
568.4 3.3
0.39% -24.24%
6 386.6 3.1
379.0 6.5
2.01% -52.31%
7 495.3 2.0
507.1 2.1
-2.33% -4.76%
8 428.4 4.1
393.9 3.0
8.76% 36.67%
9 232.9 .763
228.9 .581
1.75% 31.33%
10 216.4 1.0
203.6 1.2
6.29% -16.67%
11 184.9 .104
174.5 .450
5.96% -76.89%
12 160.5 .870
153.8 .680
4.36% 27.94%
13 105.2 .243
105.4 .826
-0.19% -70.58%
14 100.6 .373
95.5 .552
5.34% -32.43%
15 72.5 .472
72.4 .449
0.14% 5.12%
16 47.2 .184
50.6 .374
-6.72% -50.80%
17 51.8 .075
56.1 .039
-7.66% 92.31%
18 47.1 .341
54.5 .245
-13.58% 39.18%
19 41.2 .129
42.7 .268
-3.51% -51.87%
20 34.9 -.014
22.9 -.048
52.40% na
Rank Delinguent Loans Returns
(as of dune 30, 2006) (as of June 30, 2006)
* % of total loans * on average assets
% of total assets * yield on average
investment
1 0.13 1.77
0.12 3.28
2 0.26 1.07
0.22 3.67
3 0.07 1.21
0.05 3.08
4 0.08 0.26
0.03 4.40
5 0.11 0.77
0.07 4.00
6 1.15 1.06
0.98 3.88
7 0.50 0.72
0.29 4.16
8 0.20 1.73
0.17 4.12
9 0.28 0.58
0.22 4.66
10 0.30 0.84
0.25 3.85
11 0.41 0.1
0.25 3.94
12 0.10 0.97
0.03 3.55
13 0.14 0.41
0.11 4.69
14 1.01 0.67
0.52 3.73
15 0.09 1.15
0.04 4.28
16 0.68 0.62
0.58 3.47
17 0.32 0.25
0.18 3.47
18 0.61 1.31
0.16 4.24
19 0.25 0.52
0.09 3.46
20 1.07 -0.07
0.55 4.06
Rank Branches Top Local Executive
* number of branches * name
* number of ATMs * title
* year founded * phone
1 5 David Styler
17 ceo
1937 (818) 565-2020
2 7 John Merlo
6 ceo
1957 (818) 772-4000
3 3 Ronald McDaniel
4 ceo
1933 (800) 334-8788
4 1 Richard Harris
1 ceo
1950 (818) 952-4444
5 1 Stephen Endaya
6 ceo
1959 (818) 787-6520
6 9 Grace Mayo
11 ceo
1965 (818) 885-1226
7 2 Steven McDiffett
7 ceo
1936 (818) 242-8640
8 1 John Janclaes
6 ceo
1960 (800) 838-4782
9 3 Marianne Blitsch
5 ceo
1948 (805) 384-1100
10 2 Thomas Moioffer
4 ceo
1940 (818) 846-1710
11 2 Alfred L. Dutra
2 ceo
1962 (818) 562-3400
12 1 Stuart Perlitsh
3 ceo
1937 (818) 248-7425
13 2 Dale Verderano
3 ceo
1963 (818) 993-6328
14 1 Margaret Holliday
1 ceo
1940 (818) 238-2900
15 1 Dalia Bieltz
3 ceo
1954 (818) 937-5300
16 1 Thomas Ott
9 ceo
1927 (818) 777-1295
17 2 Kirk Bowren
1 ceo
1959 (818) 840-4007
18 1 Stephen Cooper
1 ceo
1959 (661) 945-5805
19 1 Shirley Tapp
1 ceo
1951 (818) 548-3976
20 1 Daphne Brock
2 ceo
1952 (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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