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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Public & Societal Benefit Lbs Financial Credit Union

Lbs Financial Credit Union

Fiscal year ending 2019. Filed on November 16, 2020.

5505 Garden Grove Blvd
Ste 332
Westminster, California 92683

Lbs Financial Credit Union (EIN: 95-1644568) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2019 IRS Form 990 filing, Lbs Financial Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 12 out of 306 total employees. Among the employees shown here, the average compensation is $297,024. The highest compensated employee at Lbs Financial Credit Union is Jeffrey Napper with fiscal year 2019 compensation of $968,949.

Revenue, expenses, and employee compensation

Revenue

$61,359,719

Expenses

$50,627,836

Employee compensation

$18,397,400
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jeffrey Napper
President and Chief Executive Officer
$968,949
$947,636 No related comp$21,313
Sean Hardeman
E.V.P/Clo
$394,778
$366,091 No related comp$28,687
Susan Wight
Senior Vice President and Chief Financial Officer
$283,167
$270,548 No related comp$12,619
Kevin Reed
S.V.P./Information Systems
$277,372
$249,048 No related comp$28,324
Diane Jarecki
Senior Vice President, Human Resources
$262,786
$249,994 No related comp$12,792
Heather Summers
Senior Vice President, Marketing
$246,825
$231,147 No related comp$15,678
Jeffrey Niedenthal
Vice President, Member Services
$242,578
$223,077 No related comp$19,501
Alfred Parent
V.P/Collections
$199,251
$184,860 No related comp$14,391
Thomas Corrado
Senior Financial Consultant
$180,721
$154,712 No related comp$26,009
Zung-Shang Liang
V.P./Internal Audit
$174,329
$154,213 No related comp$20,116
Melissa Martinez
V.P./Loan Administration
$171,193
$147,377 No related comp$23,816
Christine Bass
Vice President, Branch Operations
$162,343
$134,557 No related comp$27,786

Benchmark Employee Compensation

Non-Employee Board Members

David Conrad
Supervisory Committee Chair
Eric David
Secretary and Treasurer
Gene Allen
Board Member
Jay Camerino
Board Member
Jill Baker
Board Member
John Fylpaa
Vice Chair
Keith Hansen
Supervisory Committee Member
Larry Natividad
Board Member
Lionel Gatley
Board Member
Luther Williams
Board Chair
Russell B Young
Supervisory Committee Member
Satinder Hawkins
Board Member

Contractors

Prenovost Normandin Bergh & Dawe
Legal
$506,039
Morrison & Forester LLP
Legal
$154,093
Weber Marketing Group
Ad Agency
$115,315

Mission Statement

LBS FINANCIAL CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, LBS FINANCIAL CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.

Revisions to this organization profile

November 15, 2025:
2024 Lbs Financial Credit Union 990 filed
November 15, 2024:
2023 Lbs Financial Credit Union 990 filed
November 8, 2023:
2022 Lbs Financial Credit Union 990 filed

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