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LBS FINANCIAL CREDIT UNION

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Public IRS 990 nonprofit record

LBS FINANCIAL CREDIT UNION

EIN 95-1644568 · Credit Unions (W61)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders24 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$90.53spent for every $100 of revenueRevenue covered expenses this year.
$24.55in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $746,083 for SEAN HARDEMAN (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$91,952,473
Expenses$83,243,687
Annual surplus $8,708,786 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$91,952,473
Expenses$83,243,687
Assets$2,043,255,241
Income$91,952,473
Grants given$102,297
Average grant$8,525
Accounting fees$144,712
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
SEAN HARDEMANPRESIDENT/CEO · 40 hrs/week $746,083Base $709,885 · Other $36,198
SUSAN WIGHTS.V.P./CFO · 40 hrs/week $374,603Base $360,138 · Other $14,465
KEVIN REEDS.V.P./INFORMATION SYSTEMS · 40 hrs/week $363,241Base $331,066 · Other $32,175
JEFFREY WILLIAM NIEDENTHALS.V.P./CHIEF EXPERIENCE & ENGAGEMENT OFFICER · 40 hrs/week $320,497Base $301,674 · Other $18,823
HEATHER SUMMERSS.V.P./MARKETING · 40 hrs/week $307,905Base $295,592 · Other $12,313
JILL MARIE DENIROS.V.P./HUMAN RESOURCES · 40 hrs/week $293,371Base $269,847 · Other $23,524
THOMAS E ORMANS.V.P./CHIEF LENDING OFFICER · 40 hrs/week $275,048Base $248,400 · Other $26,648
ALFRED PARENTV.P./COLLECTIONS · 40 hrs/week $246,058Base $227,236 · Other $18,822
CHRISTINE WU-LIN BASSS.V.P./MEMBER SERVICES · 40 hrs/week $222,247Base $196,468 · Other $25,779
ZUNG-SHANG LIANGV.P./INTERNAL AUDIT · 40 hrs/week $205,994Base $193,929 · Other $12,065
COURTNEY HIGUCHIV.P./LOAN ADMINISTRATION · 40 hrs/week $179,844Base $161,022 · Other $18,822
ALVA SARGEANTV.P./RESIDENTIAL LENDING · 40 hrs/week $176,652Base $158,808 · Other $17,844

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (24)

SEAN HARDEMANPRESIDENT/CEO

SUSAN WIGHTS.V.P./CFO

KEVIN REEDS.V.P./INFORMATION SYSTEMS

JEFFREY WILLIAM NIEDENTHALS.V.P./CHIEF EXPERIENCE & ENGAGEMENT OFFICER

HEATHER SUMMERSS.V.P./MARKETING

JILL MARIE DENIROS.V.P./HUMAN RESOURCES

THOMAS E ORMANS.V.P./CHIEF LENDING OFFICER

ALFRED PARENTV.P./COLLECTIONS

CHRISTINE WU-LIN BASSS.V.P./MEMBER SERVICES

ZUNG-SHANG LIANGV.P./INTERNAL AUDIT

COURTNEY HIGUCHIV.P./LOAN ADMINISTRATION

ALVA SARGEANTV.P./RESIDENTIAL LENDING

THOMAS CHRISTOPHER DOUBLETINFORMATION SYSTEMS SUPPORT MANAGER

JEFFREY ALLEN NAPPERPRESIDENT/CEO

ALAN RAYSUPV CMTE MEMBER

JAY CAMERINOBOARD CHAIR

DAVID CONRADSUPV CMTE CHAIR

JOHN FYLPAASECRETARY/TREASURER

LARRY NATIVIDADVICE CHAIR

LUTHER WILLIAMSBOARD MEMBER

MARK ALDRICHSUPV CMTE MEMBER

NARIN KHY-LYBOARD MEMBER

PAMELA SEKIBOARD MEMBER

SATINDER HAWKINSBOARD MEMBER

About this charity

Recognized since
January 1979
Location
5505 GARDEN GROVE BLVD, WESTMINSTER, CA 92683-1892
County
Orange
In care of
SUSAN M WIGHT
Primary officer
SUSAN M WIGHT, SVP/CFO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
TURNER WARREN HWANG & CONRAD ACCTCY
NTEE classification
Credit Unions (W61)
IRS tax category
Credit Unions
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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