Lockheed Federal Credit Union (LFCU) announced today that it has been ranked No. 1 in the medium-sized company category of the "California's Best Places to Work" program for 2007. This first-ever best workplace program exclusively for California employers was sponsored by Employers Group, the preeminent human resources expert and advocate serving California employers.

"I am extremely proud of the work environment created by our staff and management," said Dave Styler, President and CEO at LFCU. "We know that happy employees provide better service to members; and so our goal is to delight our employees, just as we want them to delight members."

LFCU's ranking was based on the blind scoring of more than 400 companies' responses to a survey of employers and employees in nine categories, including work-life balance, pay, benefits, training and advancement opportunities, diversity programs, turnover, perks, employee voice and workplace culture, and community involvement.

Five winners were selected from each of four company-size categories: growing (25-49 employees), small (50-99 employees), medium (100-499 employees) and large (more than 500 employees).

"Lockheed Federal Credit Union has distinguished itself as a champion for leading edge employee benefits and best HR practices, and in doing so, has raised the bar for employers everywhere," said Mark Wilbur, President and CEO of Employers Group.

The first annual "California's Best Places to Work" program winners were announced on February 28 at an awards gala at the Beverly Hills Hotel. More than 7,000 companies were solicited to participate in this program.

For more information about "California's Best Places to Work" program and Employers group, visit www.employersgroup.com/cabest.

ABOUT LOCKHEED FEDERAL CREDIT UNION
More than 9,000 Lockheed Federal Credit Union members are residents of the Santa Clarita Valley, where Lockheed Federal Credit Union (LFCU) operates three branches: Valencia Bouquet Canyon, Valencia Town Center and Stevenson Ranch.

In 2006 and 2007, Santa Clarita residents selected LFCU as the best credit union in the area, as reported by the Santa Clarita Valley Living Magazine.

LFCU recently received a five-star rating - the highest possible - 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.

Chartered in 1937, LFCU has more than 100,000 members. Membership is open to Southern California residents of more than 200 sponsor companies. Deposits in LFCU are federally insured by the National Credit Union Administration. LFCU is an equal housing lender. For more information about LFCU, visit www.lfcu.com.