SOURCE: Lockheed Federal Credit Union

Lockheed Federal Credit Union

February 03, 2010 11:37 ET

Lockheed Federal Credit Union Donates $133,000 to Local Charities

Financial Institution, Employees Make Great Contribution to Community

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.

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