LBS Financial Credit Union
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.
LBS Financial Credit Union at a glance
In short: LBS Financial Credit Union gave $28K across 4 grants in 2024 (avg $7K), mostly in California. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $27,997
- +78.3% vs 2023
- Grants made (2024)
- 4
- +100.0% vs 2023
- Average grant
- $6,999
- -10.8% vs 2023
- Median grant
- $6,449
- Total assets
- $2,043,255,241
- +3.7% vs 2023
- Primary geography
- California (66% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who LBS Financial Credit Union funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Children's Miracle Network ($10K). Together the top 3 received $21K.
Organizations only. It also paid 1 grant to individuals ($6,547), which are not listed by name.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 9 grants of 9 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $5K (2020) to $31K (2021). In 2024 it made 4 grants totaling $28K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Children's Miracle Network Salt Lake City, UT | Provide Financial Support for Medical Care for Children. | $9,500 |
| 1 grant to individuals Recipients not named | — | $6,547 |
| Cal State University Long Beach Research Foundation Long Beach, CA | To support the educational mission of csulb by engaging in research, community service and sponsored programs. | $6,350 |
| ABC Unified School District Education Foundation Cerritos, CA | To help provide high quality educational opportunities for children. | $5,600 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $2,043,255,241 | $91,952,473 | $83,243,687 | $27,997 | 4 | $22,790,410 |
| 2023 | $1,969,993,549 | $79,427,970 | $65,021,225 | $15,700 | 2 | $15,476,361 |
| 2022 | $2,012,780,174 | $64,266,960 | $46,656,926 | $29,250 | 2 | $9,006,684 |
| 2021 | $1,978,868,694 | $57,183,235 | $44,657,416 | $30,729 | Total only | $5,488,113 |
| 2020 | $1,782,896,401 | $59,537,252 | $50,028,799 | $5,000 | 1 | $5,362,895 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About LBS Financial Credit Union
Based on IRS filings
LBS Financial Credit Union is a public charity focused on public and societal benefit, based in Westminster, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0B in total assets. In 2024, it awarded 4 grants totaling $28K. Net investment income was $22.8M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
LBS Financial Credit Union is led by Jeffrey Allen Napper, President & CEO on filings since 2020; 15 of 24 officers listed in 2024 are compensated.
Officers on the 2024 filing
Jeffrey Allen Napper
President & CEO
On filings since 2020
$993K (2020) → $165K (2024)
Sean Hardeman
President & CEO
E.v.p. & Clo → President & CEO, 2023
On filings since 2020
40 hrs/week
$391K (2020) → $710K (2024)
David Conrad
Supv Cmte Chair
Supervisory Committee Chair → Supv Cmte Chair, 2021
On filings since 2020
1 hr/week
No compensation reported
Jay Camerino
Board Chair
Board Member → Vice Chair, 2022
Vice Chair → Board Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
Alfred Parent
V.p. & Collections
On filings since 2020
40 hrs/week
$191K (2020) → $227K (2024)
Christine Wu-Lin Bass
S.v.p. & Member Services
V.p. & Branch Operations → S.v.p. & Member Services, 2024
On filings since 2020
40 hrs/week
$139K (2020) → $196K (2024)
Heather Summers
S.v.p. & Marketing
On filings since 2020
40 hrs/week
$240K (2020) → $296K (2024)
Jeffrey William Niedenthal
S.v.p., Chief Experience & Engagement Officer
V.p. & Member Services → S.v.p & Member Services, 2021
S.v.p & Member Services → S.v.p., Chief Experience & Engagement Officer, 2024
On filings since 2020
40 hrs/week
$226K (2020) → $302K (2024)
Kevin Reed
S.v.p. & Information Systems
On filings since 2020
40 hrs/week
$266K (2020) → $331K (2024)
Susan Wight
S.v.p. & CFO
On filings since 2020
40 hrs/week
$288K (2020) → $360K (2024)
Thomas Christopher Doublet
Information Systems Support Manager
On filings since 2020
40 hrs/week
$131K (2020) → $156K (2024)
Zung-Shang Liang
V.p. & Internal Audit
On filings since 2020
40 hrs/week
$159K (2020) → $194K (2024)
Alan Ray
Supv Cmte Member
On filings since 2023
1 hr/week
$2K (2024)
Courtney Higuchi
V.p. & Loan Administration
On filings since 2023
40 hrs/week
$154K (2023) → $161K (2024)
Jill Marie Deniro
S.v.p. & Human Resources
On filings since 2023
40 hrs/week
$247K (2023) → $270K (2024)
Alva Sargeant
V.p. & Residential Lending
New on the 2024 filing
40 hrs/week
$159K (2024)
Thomas E. Orman
S.v.p. & Chief Lending Officer
New on the 2024 filing
40 hrs/week
$248K (2024)
John Fylpaa
Secretary & Treasurer
Board Chairman → Secretary & Treasurer, 2022
On filings since 2020
1 hr/week
No compensation reported
Larry Natividad
Vice Chair
Board Member → Vice Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
Luther Williams
Board Member
Secretary & Treasurer → Board Member, 2022
On filings since 2020
1 hr/week
No compensation reported
Satinder Hawkins
Board Member
On filings since 2020
1 hr/week
No compensation reported
Pamela Seki
Board Member
On filings since 2021
1 hr/week
No compensation reported
Mark Aldrich
Supv Cmte Member
On filings since 2023
1 hr/week
No compensation reported
Narin Khy-Ly
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (8)
- Former: Jill Baker (2020–2023) — Board Chair
- Former: Sargeant Alva (2022–2023) — V.p. & Residential Lending
- Former: Jeffrey Allen Napper Former (2023) — President & CEO
- Former: Keith Hansen (2020–2022) — Supv Cmte Member
- Former: Russell B. Young (2020–2022) — Supv Cmte Member
- Former: Diane Jarecki (2020–2021) — S.v.p. & Human Resources
- Former: Melissa Martinez (2020–2021) — V.p. & Loan Administration
- Former: Eric David (2020) — Board Member
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $710K, to Sean Hardeman (President/CEO). 15 officers or directors reported compensation on that filing.
Frequently asked questions about LBS Financial Credit Union
How much does LBS Financial Credit Union give each year?
LBS Financial Credit Union gave $28K across 4 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $16K across 2 grants.
What is LBS Financial Credit Union's typical grant size?
LBS Financial Credit Union's median grant in 2024 was $6,449, and its average grant was $6,999, across 4 grants on its 2024 IRS Form 990.
Where does LBS Financial Credit Union give grants?
LBS Financial Credit Union gives mostly in California: 66% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest state was Utah (34%).
Does LBS Financial Credit Union give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on LBS Financial Credit Union's 2024 IRS Form 990 were described as general or operating support.
How large is LBS Financial Credit Union?
LBS Financial Credit Union reported $2.0B in total assets on its 2024 IRS Form 990. Its revenue that year was $92.0M.
What is LBS Financial Credit Union?
LBS Financial Credit Union is a public charity focused on public and societal benefit, based in Westminster, CA. It holds $2.0B in total assets as of 2024.
What is LBS Financial Credit Union's EIN?
LBS Financial Credit Union's EIN (Employer Identification Number) is 95-1644568. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 8, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work LBS Financial Credit Union funds
Public, Societal Benefit Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in LBS Financial Credit Union's focus areas in our free grants database
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