For immediate release
(Burbank, CA), November 30, 2005 — Lockheed Federal Credit Union (LFCU) will donate $38,572 to the American Red Cross for its Katrina Hurricane Relief efforts announced President & CEO Dave Styler today. The donation was raised through a two-month relief program LFCU created specifically for the victims of Hurricane Katrina.
“The victims of Hurricane Katrina continue to rebuild their lives and their cities,” said Styler. “We humbly join the nation’s efforts to bring relief and hope to the communities and people of the Gulf Coast struggling in the storm’s aftermath.”
LFCU members, board and staff were greatly moved by the devastation of the hurricane. LFCU created the donation program as a way for LFCU to give to those affected by the devastating storm by simply doing what they do everyday – making purchases. LFCU donated 5 cents for every signature-based check and credit card transaction its members made while using their LFCU Visa credit and check cards between Sept. 15 - Nov. 15.
In addition to monetary donations, LFCU provided assistance for the victims of Hurricane Katrina through its disaster relief program, which provides emergency loans and waivers of certain fees for its members unable to occupy their homes. LFCU employees also personally donated more than $5,000 and 50 units of blood to the hurricane relief effort and in remembrance of the heroes and victims of 9/11.
About Lockheed Federal Credit Union
Lockheed Federal Credit Union (LFCU) is a member-owned cooperative established in 1937. Headquartered in Burbank, Calif., LFCU currently operates eight branches in Southern California serving residents of the San Fernando, San Gabriel, Santa Clarita, Conejo and Antelope Valleys. As one of the strongest credit unions in the nation, and currently with $2 billion in assets, LFCU leads the industry in financial performance. Recently, IDC Financial Publishing rated LFCU one of only two credit unions in the country with a perfect score of 300, based on criteria including capital adequacy, asset quality, margins, earning returns and leverage/liquidity. Membership in LFCU is free and open to anyone living or working within the Conejo, San Gabriel, San Fernando, Antelope and Santa Clarita Valleys through membership in the non-profit Achiever’s Club.
