Lockheed Federal Credit Union Launches the Community Stars Foundation to Support Local Nonprofit Organizations

BURBANK, CA, Jan 15 (MARKET WIRE) --
The Lockheed Federal Credit Union (LFCU), the largest financial institution
headquartered in the San Fernando Valley, today announced it has started the
LFCU
Community Stars Foundation, a 501(c)(3) charitable nonprofit organization.

Community Stars, which was developed by the employees of LFCU, was started
to
provide support to charities selected by LFCU employees through financial
donations and volunteerism. LFCU employees can make contributions to the
chosen charities through regular payroll deductions and are able to volunteer
during
their normal work hours. Every year, LFCU Community Stars will select which
charities to support, with final decisions being made by the Foundation's Board
comprised of LFCU employees.

LFCU also offers a donation-matching program for employees who make
contributions through payroll deduction. Additionally, LFCU Community Stars
will
launch 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.

"LFCU Community Stars is unique in that it is an IRS-approved nonprofit
organization run by our employees," said Dave Styler, president and chief
executive officer of Lockheed Federal Credit Union. "LFCU is one of the few
companies that offers a means for employees to give back to their communities
through donations of both time and money. Supporting the communities we
serve is a basic principle under which LFCU operates, and Community Stars
takes that support to the next level."

The four charities that were selected by the Foundation's Board for 2008 are
the Burbank Temporary Aid Center, Penny Lane, the Santa Clarita Valley Senior
Center and the weSPARK Cancer Support Center.

The Burbank Temporary Aid Center provides emergency aid, food, shelter,
andlife necessities to children, families and individuals in the Burbank area
who
need short-term assistance and are not receiving the help they need from other
agencies. More information is available at
www.burbank.com/programs/btac.shtml.

Serving the Antelope, San Fernando and San Gabriel valleys, Penny Lane
fosters
hopes and dreams by empowering children, youth and families to reach their
highest potential. The organization's services include residential treatment,
foster care, adoption services, an on-site special education school, outpatient
mental health services and transitional housing for emancipated foster youth.
More
information is available at www.pennylane.org.

The Santa Clarita Valley Senior Center is a multipurpose facility
dedicatedto promoting independence, dignity and quality of life for senior
citizens,and the community at large through community resource management and
coordination, advocacy and a full spectrum of activities, events and
community services. More information is available at
www.scvseniorcenter.org.

weSPARK is a special place dedicated to enhancing the quality of life for
cancer patients and their families and friends throughout the Santa
Claritaand San Fernando valleys. Founded by actress Wendie Jo Sperber, who lost
her
battle with breast cancer in 2005, weSPARK provides a positive environment where
individuals can join with others to share their experience, strength, and hope.
The organization offers multiple services designed to heal the mind, body and
spirit of individuals whose lives have been affected by cancer. More
information is available at www.wespark.org.

LFCU members wanting to participate in the LFCU Community Stars Foundation
can get
more information at www.lfcu.com.

Lockheed Federal Credit Union has more than 100,000 members and more than
$2.6
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 and recently earned a perfect score for financial strength from
independent rating company, IDC Financial Publishing. Membership is open to
all Southern California residents. LFCU operates branches in the San
Fernando, San Gabriel, Santa Clarita, Conejo and Antelope valleys, as well
as eastern Ventura County. Deposits in LFCU are federally insured by the
National Credit Union Administration. LFCU is an equal housing lender.

Contact:
Steve Honig
The Honig Company, Inc.
818-986-4300
Email Contact

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