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LOCKHEED FEDERAL CREDIT UNION "BANKS" ON STEVENSON RANCH - Leading Not-for-Profit Financial Institution Opens Third Location in Area

Stevenson Ranch, CA (September 25, 2006) - Lockheed Federal Credit Union (LFCU) opened its third location in the Santa Clarita Valley on Monday, September 25.

"We are excited to open our third location in the Santa Clarita Valley," said Dave Styler, president & CEO. "The opening of this branch goes a long way toward our strategic goal of providing members access to multiple branches in and around their work and home. Our newest branch in the Santa Clarita Valley meets the needs of our members' active and personal lifestyles."

The branch is located at 25945 The Old Road in Stevenson Ranch. The center's combination of lifestyle and retail tenants meets the growing need of LFCU members to have banking locations in areas that are more conducive to making their lives easier. This marks the latest commitment by the institution to effectively service communities where their members live, work and play.

The Stevenson Ranch location features a full-service ATM, full-service branch capabilities and membership is open to anyone who lives or works in the Santa Clarita Valley. LFCU offers members the following products and services:

  • Home & Auto Loans
  • Commercial Real Estate Loans
  • Free Checking Accounts
  • Certificate Accounts
  • Money Market Accounts
  • Free Retirement Planning
  • Free Web BillPay
  • 25,000 Free ATMs

In addition, members enjoy on average higher dividends paid on savings and lower rates and fees charged on loans. More information about LFCU is available at www.lockheedfcu.org.

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 branches in Southern California serving residents of the San Fernando, San Gabriel, Ventura, Santa Clarita, Conejo and Antelope Valleys. As one of the strongest credit unions in the nation, LFCU leads the industry in financial performance in 2005. Recently, IDC Financial Publishing awarded LFCU with a perfect score of 300 for financial strength, based on criteria including capital adequacy, asset quality, margins, earning returns and leverage/liquidity. Membership in LFCU is open to employees of sponsor companies and residents of Southern California and New Hampshire.


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