Contact Information: Media Contact: Alethia Calagias Lockheed Federal Credit Union 818.565.2520 (work) www.lfcu.com
Lockheed Federal Credit Union Donates $133,000 to Local Charities
Financial Institution, Employees Make Great Contribution to Community
| Source: Lockheed Federal Credit Union
BURBANK, CA--(Marketwire - February 3, 2010) - Lockheed Federal Credit Union and its employees
donated more than $133,000 and 720 hours of community service to local
charities since 2008 through its nonprofit foundation, LFCU Community
Stars. These organizations include:
-- Burbank Temporary Aid Center - provides short-term help for Burbank
residents who need emergency assistance with food, shelter, and life's
necessities. (www.thebtac.org)
-- For The Troops - assembles and distributes care packages, with snacks,
DVDs, books and more, to U.S. soldiers serving in Afghanistan and Iraq.
(www.forthetroops.us)
-- Penny Lane - offers residential treatment, foster care, special
education and other services to children and emancipated youth in the San
Fernando, Antelope and San Gabriel valleys. (www.pennylane.org)
-- Santa Clarita Valley Senior Center - enhances independence, dignity, and
quality of life through services for senior citizens in Santa Clarita
Valley. (www.scvseniors.org)
"Lockheed Federal Credit Union employees strongly believe in giving back to
our community through dollars and time," President and CEO Dave Styler
said. "We hope our efforts help strengthen the community and the very
deserving local nonprofits that serve the area."
As well as giving dollars, through its Volunteer-Time-Off Program, more
than 150 employees donated time to these charities since the program's
inception in 2008.
LFCU hosted 11 volunteer opportunities for employee participation, one of
which was the company's annual project, Partner to Paint.
Established in 2008, LFCU's Volunteer-Time-Off Program allows employees to
receive company paid time off to volunteer in the community. Each employee
can receive up to eight hours per year to volunteer during the work day.
LFCU will again support these charities in 2010.
LFCU IN THE COMMUNITY
LFCU continues to support the community through its nonprofit foundation,
LFCU Community Stars. In 2007, LFCU employees developed LFCU Community
Stars Foundation to support local charities through financial donations and
volunteerism. LFCU employees make contributions to sponsored charities
through payroll deductions and special fund-raising events. Employees are
able to volunteer during their normal work hours.
LFCU also offers a donation-matching program for employees who make
contributions through payroll deduction. Additionally, LFCU Community Stars
launches programs aimed at the 100,000 members of LFCU in an effort to
increase the foundation's ability to help charities in the communities
served by LFCU. Every year, LFCU Community Stars foundation board selects
charities to support, with decisions being made by the foundation's board
comprised of employees.
ABOUT LOCKHEED FEDERAL CREDIT UNION
Lockheed Federal Credit Union has more than 100,000 members and more than
$2.8 billion in assets. Chartered in 1937, LFCU offers members preferred
rates on savings and loan accounts, surcharge-free access to 25,000 ATMs,
and access to a nationwide network of branches. Today, LFCU is the largest
financial institution headquartered in the San Fernando Valley.
LFCU recently received a five-star rating -- the highest possible for
financial strength -- from Bauer Financial, a source for unbiased,
independent bank and credit union star ratings. The five-star rating
validates that LFCU is safe, financially sound and operating well above its
regulatory capital requirements.
LFCU operates branches in the San Fernando, San Gabriel, Santa Clarita and
Antelope valleys, as well as eastern Ventura County. Membership is open to
Southern California residents of more than 600 sponsor companies. Deposits
in LFCU are federally insured by the National Credit Union Administration,
a U.S. Government Agency, www.ncua.gov. LFCU is an equal housing lender.
For more information about LFCU, visit www.lfcu.com or call 800-328-5328.
LFCU and LFCU Community Stars are not affiliated with the nonprofit
organizations listed.