Business Details
50+ Years
experience
Your Trusted Credit Union for Savings, Loans, and Financial Services
Since 1970, Lufthansa Employees Federal Credit Union has provided financial security and service to its members. As a non-profit, employee-owned institution, we prioritize member needs through competitive savings rates, low-interest loans, and personalized financial solutions. Our 50+ years of operation demonstrate our commitment to financial excellence, with all accounts federally insured by NCUA up to $250,000. We serve over 3,000 members globally, including 75% of Lufthansa employees in the U.S., and maintain an 'A' rating from a leading independent financial institution ratings agency. Our team operates a 24/7 data center supporting critical financial systems, ensuring reliability and security for member accounts. We consistently outperform industry peers with higher savings returns and lower borrowing costs, maintaining profitability without ever posting a loss.Our board of directors and supervisory committee oversee operations with decades of collective experience in financial management and compliance. We offer digital convenience through online systems for account management, loan applications, and direct payroll deductions for Lufthansa employees. Our physical location in Westbury, NY, provides in-person support during regular business hours, with remote access available via phone, email, or fax. As a top 1% financial institution in the U.S., we remain dedicated to cooperative ownership principles while adapting to evolving member needs through continuous service improvements.
Services
Share Account
Money Market Account
Certificate Accounts
Individual Retirement Account
Personal Loans
Auto Loans
Home Equity Loans
Debt Consolidation Loans
Share Secured Loans
Details
- Year established: 1970
Highlights and features
- 50+ years of proven financial expertise serving Lufthansa employees
- All accounts NCUA-insured up to $250,000 by U.S. government agency
- Consistently outperform peers with better savings returns and lower loan rates
- 24/7 data center operations supporting critical financial systems
- Top 1% rated financial institution with decades of profitable operations
Associations and certifications
- NCUA
Services
Share Account
Our foundational savings account requires just $5 to open. Members earn competitive market rates with quarterly statements and enjoy unrestricted access to funds. Payroll deductions simplify savings for active employees, while check requests can be processed through multiple channels. Fully insured by NCUA up to $250,000, this account provides secure financial management for all members.
Money Market Account
Higher-yield savings option requiring $1,500 minimum balance. Offers 8x national average returns with flexible installment contributions. Maintains liquidity through unrestricted withdrawals and check-writing privileges. Quarterly statements track performance while NCUA insurance protects principal. Ideal for members seeking enhanced returns on larger balances.
Certificate Accounts
Fixed-term deposit accounts with guaranteed returns. Terms range from 24 to 84 months at rates 0.25-0.50% above local banks. Monthly compound interest and quarterly statements track growth. Protects against rate fluctuations while maintaining full NCUA insurance. Minimum $2,000 opening deposit required for secure long-term growth.
Individual Retirement Account
Tax-advantaged retirement solution with guaranteed interest. Offers tax-deferred or tax-free growth options without market risk. Quarterly statements track progress with no annual fees. Minimum $20 opening deposit and separate NCUA insurance up to $250,000. Provides secure retirement planning with competitive, consistent returns.
Personal Loans
Flexible lending options for various needs including auto purchases and debt consolidation. Competitive rates with payroll deduction repayment convenience. No early repayment penalties and quarterly statements track progress. Supports financial goals while maintaining affordability through responsible lending practices.
People
Franz Ortner
President
Serving since 1970, Franz has led the credit union through technological advancements and financial growth. Former data center director with decades of supervisory committee experience. Committed to member-focused banking and maintaining profitability.
A. Schleif
Chairman
Experienced financial leader guiding strategic direction as Board Chairman. Oversees credit union governance and long-term planning. Brings extensive industry knowledge to ensure regulatory compliance and member satisfaction.
J. Herz
CEO / Manager
Executive leader managing daily operations and service delivery. Focuses on maintaining high standards in financial products and member services. Ensures efficient implementation of board directives and regulatory requirements.
Questions
Are there fees or withdrawal restrictions on savings accounts?
No fees or withdrawal restrictions apply to savings or money market accounts.
How can I access my funds?
Request checks by phone, email, or in-person during business hours (8am-5pm EST).
What makes you different from banks?
As a non-profit, we return earnings to members through better rates and lower fees.
Are accounts insured?
All accounts are NCUA-insured up to $250,000 by the U.S. government.
Can non-Lufthansa employees join?
Membership details available through new account forms on our website.
Do you offer checking accounts?
Currently we don't offer checking accounts, but can handle other banking needs.
