LBS Financial is Safe and Sound

LBS Financial is financially safe and sound. What does this mean to you? Your money is safe with us! Our State and Federal regulators require a net capital ratio of 6% to be “adequately capitalized” and 7% to be considered “well capitalized.” LBS Financial has more than the amount of capital required by our regulators and continues to be well-capitalized throughout good and challenging economic times. In addition, your deposits are federally insured by the National Credit Union Administration (NCUA), a government agency, up to $250,000 per depositor and separately up to $250,000 per IRA. Accounts with different ownership such as a joint or living trust account can be insured separately for up to $250,000 per account holder or more as well. The National Credit Union Share Insurance Fund (NCUSIF) protects aggregate savings up to $250,000 in your LBS Financial regular Share Savings, Money Market, Share Certificates and Share Draft/Checking accounts. Therefore, in some cases depending on the account ownership and beneficiaries you may be able to have funds federally insured to $1 million or more. For more information on NCUSIF insurance, click here for the complete pamphlet.

Our Members are our focus during both pleasant and challenging times. We always strive to improve the experience you have with us and to provide you with quality products and services.

Use the NCUA Share Insurance Estimator to better understand your share insurance protection.