South Bay Credit Union Lomita CA | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to South Bay, your trusted financial partner located at 24520 Narbonne Ave, Lomita, CA 90717. Since our establishment in 1953, we have been dedicated to serving our community with integrity and care. With a proud membership of over 9,700 individuals, we strive to provide personalized financial solutions that cater to your unique needs. At South Bay, we believe in the power of community and work hard to foster strong relationships with our members. Our total assets amount to an impressive $157,772,240, reflecting our commitment to ensuring that your money is safe and growing. We currently hold $2,311,852 in deposits and have successfully facilitated 4,050 loans, empowering members to achieve their dreams whether it's purchasing a new car or buying a home. Under the leadership of our CEO, Paris Chevalier-Boochee, and Board President Chris Otey, we maintain a focus on transparency and member satisfaction. Our friendly team of 23 employees is here to assist you with a variety of services, from checking and savings accounts to auto loans and credit cards with rewards. While members can visit us at our Lomita branch for all their banking needs, please note that official correspondence should be sent to our mailing address at 312 N. Pacific Coast Hwy., Redondo Beach, CA 90277. We invite you to explore the many ways South Bay can support your financial journey. Whether you're looking for advice on loans or want to learn about our online banking services, feel free to reach out by calling us at 310-374-3436. Join us today and experience the difference that community-focused banking can make! Visit our website at South Bay Credit Union for more information on how we can help you thrive financially!

Branch History & Mission

Community Commitment

Our commitment extends beyond financial services; we actively engage in community outreach efforts that uplift those around us. We understand that a strong community leads to stronger individuals and families. Through partnerships with local organizations and initiatives aimed at supporting education and well-being in Lomita, we are proud to give back. With operating hours designed for your convenience Monday through Friday from 9 AM to 5 PM (with extended hours until 5 PM on Wednesday) we are here when you need us most. As we continue to grow and adapt in this ever-changing world, we invite you to join us at South Bay. Become part of a community-focused credit union where your financial needs come first. Experience the difference today! For more information or inquiries, feel free to call us at 310-374-3436 or visit our website at South Bay Credit Union.

Our Journey

From our humble beginnings more than seven decades ago, South Bay has evolved into a trusted financial partner for many families and businesses. We have consistently focused on delivering personal banking services that meet the unique needs of our members. With a dedicated team of 23 employees, we are committed to providing excellent service whether through our in-branch interactions or via modern digital platforms.

Our Mission

At South Bay, our mission is simple yet profound: to empower our members through exceptional financial services while fostering strong community ties. We strive not only to provide essential banking services like checking and savings accounts but also to support our members' dreams with auto loans, mortgages, personal loans, and credit cards that come with rewards. We believe in making banking accessible and user-friendly. That's why we offer online and mobile banking options along with ATM services for your convenience. While members can visit us at our branch location in Lomita, official correspondence should be sent to our mailing address at 312 N. Pacific Coast Hwy., Redondo Beach, CA 90277.

Branch Location & Accessibility

Convenient Access

We understand that getting to your bank should be hassle-free. Our branch offers ample parking space, ensuring that you can easily find a spot when you visit us. Plus, we're committed to accessibility with features like ADA-compliant ramps to assist all members of our community.

Get in Touch

Have questions? Don't hesitate to reach out! Give us a call at 310-374-3436 or stop by during our operating hours. We look forward to welcoming you and helping you achieve your financial goals!

Operating Hours

Our doors are open Monday through Friday from 9 AM to 5 PM, with extended hours on Wednesdays starting at 10 AM. Whether you're stopping by for personal banking needs or inquiring about loans, we're here for you during these hours.

Services Offered

At South Bay, we pride ourselves on offering a wide range of services tailored to meet your financial needs. From checking and savings accounts to auto loans and mortgage refinancing, we have options that fit your lifestyle. You can also enjoy the convenience of ATM services right here at our branch. While we don't currently have a drive-thru service available, our team is always ready to assist you inside the branch. If you're looking for shared services with other institutions, we regret to inform you that this location does not offer that feature at this time.

Member Eligibility

At South Bay, we believe that joining our community is not just about banking it's about being part of a family that cares for one another. Becoming a member is simple and welcoming. To be eligible, you typically need to live, work, or worship in the area, or be related to someone who does. We're excited to support those in our local community, so whether you're looking for personal banking services or hoping to make lasting connections, we invite you to explore membership with us. You can find more detailed eligibility criteria on our website at . Opening an account at South Bay is straightforward and designed with you in mind. If you're ready to take the next step toward becoming a member, just give us a call at (310) 374-3436 or visit us at our branch located at 24520 Narbonne Ave Lomita Ca 90717. We can't wait to welcome you into our community and help you with all your financial needs!

Business Banking & Commercial Services

Financing Your Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $1 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $468,165, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services That Matter

In addition to loans, we offer essential merchant services designed to simplify your operations. Imagine being able to process payments quickly and securely while managing your cash flow effectively. Our solutions provide the tools you need to accept payments easily, ensuring you can focus on what truly matters growing your business. Visit us at 24520 Narbonne Ave Lomita Ca 90717 in Lomita, CA, or call us at (310) 374-3436 to learn more about how we can support your business journey today!

Comprehensive List Of Services

Business Banking

If you're a business owner, South Bay offers essential banking services to support your operations. From merchant services that make accepting payments easier to business loans that help fuel growth, we're here to assist you every step of the way.

Call Us Today!

To learn more about how South Bay can assist you with all your financial needs, feel free to reach out at (310) 374-3436. Our friendly staff is ready to answer any questions you may have. Visit us today at 24520 Narbonne Ave Lomita Ca 90717 in Lomita, CA, and discover how we can help make your banking experience exceptional!

Digital Banking Convenience

In today's fast-paced world, convenience matters. Our online and mobile banking platforms allow you to manage your accounts anytime and anywhere. You can easily check balances, transfer funds, and pay bills all from your smartphone or computer. We also provide ATM access for quick cash withdrawals or balance checks without any hassle.

Personal Banking

We understand that managing your finances is crucial for achieving your goals. That's why our personal banking options include checking and savings accounts designed to fit various lifestyles. Need a reliable auto loan or vehicle financing? Our team can help you secure the right loan to get you on the road quickly. If you're considering purchasing a home, check out our mortgage loans and refinancing options, which provide competitive rates tailored to your situation. For those unexpected expenses or projects, our personal loans and debt consolidation services offer flexible solutions that help simplify your financial commitments. Plus, with our credit cards featuring rewards programs, you can earn while you spend!

Digital & Online Banking

24/7 Access

With 24/7 online banking services, you have control over your finances whenever you need it. No more worrying about business hours your account is always accessible. At South Bay, we're dedicated to providing you with tools that simplify managing your money so you can focus on what truly matters in life. Explore all these features and more by visiting https://www.southbaycu.com/ today! Your financial freedom is just a click away.

Key Features

Our commitment to security means you can bank with confidence. While we currently do not offer electronic signature authorization, we prioritize protecting your information with robust security measures. Plus, if you prefer going paperless, you'll be happy to know that e-statements are available. This helps you keep track of your finances while being kind to the environment. For those who enjoy the ease of mobile payments, South Bay supports this feature, allowing you to make quick transactions right from your smartphone. And speaking of mobile access, our mobile application is available for download, giving you all the features of online banking right at your fingertips. Need to send money to a friend? Our person-to-person transfer service makes it easy and instant. Whether it's splitting a bill or helping someone out, you've got options without any hassle.

Financial Strength

At South Bay, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to share our financial strength with you, reassuring you that your money is in safe hands. With a net worth of $14,661,587, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $929 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $34,538,573 in share certificates and $11,572,909 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $15,026,213 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is substantial; with $1,156 in used auto loans and $122,634,220 in total loans and leases, we support members' financial goals across various sectors. Even with recent challenges reflected by our $-364,626, we remain committed to operational efficiency which allows us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 23 full-time employees and 0 part-time employees ready to assist you with knowledgeable service. Our net shares (funds available for lending and investments) stand at $0, while our total share accounts amount to 19,426, showing a strong and growing member base that trusts us with their finances. The performance insights and financial data shared here are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, South Bay is your trusted partner. Visit us at 24520 Narbonne Ave Lomita Ca 90717 or call (310) 374-3436 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $20,081,059 in used vehicle loans and $15,909,390 in new vehicle loans already helping members get on the road. We provide financing options that suit your budget and lifestyle, making it easier than ever to drive away in your dream vehicle.

Business Loans

For business owners, our outstanding commercial loans totaling $468,165 provide the capital needed to grow and expand. We are committed to supporting local businesses and helping them thrive. Whether you're ready to apply or just want more information about eligibility and refinancing options, feel free to reach out! You can contact us at (310) 374-3436, or visit us at our branch located at 24520 Narbonne Ave Lomita Ca 90717 in Lomita, CA. For more insights and financial data sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results, we invite you to explore all that we offer. At South Bay, we are here to support your journey towards achieving your financial aspirations!

Credit Lines

If you need extra funds at your fingertips, our credit lines amounting to $48,142,087 can provide you with the financial flexibility you need. These lines of credit can be used for various purposes, from home repairs to vacation plans.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $18,494,853, make buying or refinancing simple. We offer competitive rates and flexible terms to help you secure the perfect home.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $3,605,736 in loans helping members manage their finances effectively. These cards are a great way to cover unexpected expenses while earning rewards along the way.

Loan Aggregator

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South Bay