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Organizations Public & Societal Benefit Lbs Financial Credit Union

Lbs Financial Credit Union

Fiscal year ending 2021. Filed on November 14, 2022.

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 2021 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 308 total employees. Among the employees shown here, the average compensation is $310,445. The highest compensated employee at Lbs Financial Credit Union is Jeffrey Allen Napper with fiscal year 2021 compensation of $1,016,881.

Revenue, expenses, and employee compensation

Revenue

$57,183,235

Expenses

$44,657,416

Employee compensation

$19,530,996
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jeffrey Allen Napper
President and Chief Executive Officer
$1,016,881
$997,108 No related comp$19,773
Sean Hardeman
E.V.P./Clo
$423,493
$396,118 No related comp$27,375
Susan Wight
Senior Vice President and Chief Financial Officer
$307,876
$296,229 No related comp$11,647
Kevin Reed
S.V.P./Information Systems
$303,502
$276,127 No related comp$27,375
Heather Summers
Senior Vice President, Marketing
$263,016
$253,719 No related comp$9,297
Diane Jarecki
Senior Vice President, Human Resources
$256,670
$247,423 No related comp$9,247
Jeffrey William Niedenthal
S.V.P/Member Services
$249,578
$228,680 No related comp$20,898
Alfred Parent
V.P./Collections
$210,171
$195,442 No related comp$14,729
Zung-Shang Liang
V.P./Internal Audit
$188,667
$168,894 No related comp$19,773
Melissa Martinez
V.P./Loan Administration
$184,344
$160,956 No related comp$23,388
Christine Wu-Lin Bass
Vice President, Branch Operations
$171,216
$143,841 No related comp$27,375
Thomas Christopher Doublet
Information Systems Support Manager
$149,925
$137,293 No related comp$12,632

Benchmark Employee Compensation

Non-Employee Board Members

David Conrad
Supervisory Committee Chair
Jay Camerino
Board Member
Jill Baker
Vice Chair
John Fylpaa
Board Chair
Keith Hansen
Supervisory Committee Member
Larry Natividad
Board Member
Luther Williams
Secretary and Treasurer
Pamela Seki
Board Member
Russell Young
Supervisory Committee Member
Satinder Hawkins
Board Member

Contractors

Prenovost Normandin Bergh & Dawe
Legal
$726,031

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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