LBS FINANCIAL CREDIT UNION
5505 GARDEN GROVE BLVD, WESTMINSTER, CA 92683 www.lbsfcu.org

Total Revenue
$57,230,819
Total Expenses
$44,885,230
Net Assets
$194,950,297

Organizations Filed Purposes: 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.

A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS.

PROVIDING LENDING SERVICES TO OUR MEMBER-OWNERS AT MORE ATTRACTIVE RATES WITH LOWER FEES. THE LENDING PRODUCTS OFFERED INCLUDE: HOME LOANS, HOME EQUITY LOANS, AUTO LOANS, MOTORCYCLE LOANS, VISA CREDIT CARDS, PERSONAL LOANS, BOAT LOANS, AND RV LOANS.

PROVIDING DEPOSIT SERVICES FOR OUR MEMBER-OWNERS WITH LOWER FEES AND ATTRACTIVE RATES. THE DEPOSIT SERVICES INCLUDE: CHECKING ACCOUNTS, SHARE SAVINGS, MONEY MARKET ACCOUNTS, SHARE CERTIFICATES OF DEPOSIT, IRAS, SPECIAL OCCASION CLUB ACCOUNTS, AND SUMMER SAVINGS PLANS.

A NEW ON-LINE ACCOUNT OPENING PROGRAM WAS LAUNCHED, A NEW HELOC PROGRAM, EMV CHIP ENABLED ATM MACHINES, EMV CHIP ENABLED DEBIT AND CREDIT CARDS, APPLE, SAMSUNG AND ANDROID PAY WERE INTRODUCED.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Jeffrey NapperPRESIDENT/CEO40$877,257
Sean HardemanE.V.P/CLO40$338,138
Susan WightS.V.P/CFO40$250,107
Diane JareckiS.V.P./HUMAN RESOURCES40$230,640
Kevin ReedS.V.P./INFORMATION SYSTEMS40$230,328
Heather SummersS.V.P./MARKETING40$212,244
Jeffrey NiedenthalV.P/MEMBER SERVICES40$205,412
Alfred ParentV.P/COLLECTIONS40$174,238
Zung-Shang LiangV.P./INTERNAL AUDIT40$144,439
Melissa MartinezV.P./LOAN ADMINISTRATION40$138,897
Thomas CorradoSENIOR FINANCIAL CONSULTAN40$133,029
Christine BassV.P./BRANCH OPERATIONS40$126,956
Luther WilliamsBOARD CHAIRMAN2$1,513
Russell YoungSUPERVISORY COMMITTEE2$1,279
Gene AllenBOARD MEMBER2$1,235
Keith HansenSUPERVISORY COMMITTEE2$0
David ConradSUPERVISORY COMMITTEE CHAI2$0
Jay CamerinoBOARD MEMBER2$0
Jill BakerBOARD MEMBER2$0
Satinder HawkinsBOARD MEMBER2$0
Lionel GatleyBOARD MEMBER2$0
John FylpaaBOARD MEMBER2$0
Eric DavidSECRETARY/TREASURER2$0
Jean DavisVICE CHAIRMAN2$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201903199349310100_public.xml