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LA Financial Credit Union

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Severe issues with corporate culture and department(s) stability - Anonymous employee LA Financial Credit Union Employee Review

2.0
11 Apr 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Quotas or goals of employees are kept to a minimum on most departments so there is not a stressed sales or production pressure with most positions. The Lending Department does have solid leadership and a team that's pleasant to be around and was showing growth and improvement

Cons

Extremely top-heavy and oppressive executive team. Cost of living is not considered and raises are normally only a possibility if you advance which is very difficult to do. The CEO and VP's are almost never seen and do not interact with the employees who work for them. It's clearly a class system there and employees are treated like the peasants of the operation. The pay for any employee besides the highest level of executive is not competitive with most other credit unions however the senior level executives are compensated as if they were in major banks. This creates little opportunity for fair wages for all employees underneath. Bonuses are non existent and the christmas gift to employees was consistently a $50 bill in an envelope. The departments are quite chaotic and often promotions go to friends of executives who have been at the company for a long time. This creates chaos as often these employees are not experienced or skilled enough to actually manage the department they have been placed in charge of. Procedures for processes change often and employees who are affected are the last to know although they are held accountable for errors.

Explore other reviews about LA Financial Credit Union

5.0
19 Apr 2025
Recommend
CEO approval
Business outlook

Pros

Excellent Firm at a great price

Cons

Management can do a better job.

3.0
16 Mar 2025
Recommend
CEO approval
Business outlook

Pros

Great people at branch and corporate employee level. Average pay compared to other credit unions.

Cons

No training department or formal training program for new employees. Online and intranet resources are rudimentary and scattered at best. Manager will have to provide hands on training or schedule training by other department heads when convenient for all. Their success and failure will all rest on your shoulders.

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