WESTMINSTER, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LBS FINANCIAL CREDIT UNION, founded in 1935, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $79.4M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.4M, a strong 18% operating margin.
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.
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...
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $79,427,970 | $64,266,960 | +0.2% |
| Expenses | $65,021,225 | $46,656,926 | +0.4% |
| Net Income | $14,406,745 | $17,610,034 | -0.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JILL BAKER | BOARD CHAIR | 2.00 |
Director
|
$0 | $0 | $0 |
| JAY CAMERINO | VICE CHAIR | 2.00 |
Director
|
$0 | $0 | $0 |
| JOHN FYLPAA | SECRETARY/TREASURER | 2.00 |
Director
|
$0 | $0 | $0 |
| SATINDER HAWKINS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PAMELA SEKI | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| LUTHER WILLIAMS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| LARRY NATIVIDAD | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVID CONRAD | SUPV CMTE CHAIR | 2.00 |
Director
|
$0 | $0 | $0 |
| MARK ALDRICH | SUPV CMTE MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ALAN RAY | SUPV CMTE MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JEFFREY ALLEN NAPPER FORMER | PRESIDENT/CEO | 40.00 |
Officer
|
$953,228 | $12,366 | $965,594 |
| SEAN HARDEMAN | PRESIDENT/CEO | 40.00 |
Officer
|
$548,025 | $28,460 | $576,485 |
| SUSAN WIGHT | S.V.P./CFO | 40.00 |
Officer
|
$355,066 | $11,887 | $366,953 |
| KEVIN REED | S.V.P./INFORMATION SYSTEMS | 40.00 |
Key Emp
|
$326,913 | $28,460 | $355,373 |
| HEATHER SUMMERS | S.V.P./MARKETING | 40.00 |
Key Emp
|
$294,562 | $9,624 | $304,186 |
| JEFFREY WILLIAM NIEDENTHAL | S.V.P/MEMBER SERVICES | 40.00 |
Key Emp
|
$272,895 | $17,255 | $290,150 |
| JILL MARIE DENIRO | S.V.P./HUMAN RESOURCES | 40.00 |
Key Emp
|
$247,432 | $18,025 | $265,457 |
| ALFRED PARENT | V.P./COLLECTIONS | 40.00 |
Highest
|
$220,935 | $17,255 | $238,190 |
| ZUNG-SHANG LIANG | V.P./INTERNAL AUDIT | 40.00 |
Highest
|
$188,151 | $9,487 | $197,638 |
| CHRISTINE WU-LIN BASS | V.P./BRANCH OPERATIONS | 40.00 |
Highest
|
$165,172 | $25,876 | $191,048 |
| SARGEANT ALVA | V.P./RESIDENTIAL LENDING | 40.00 |
Highest
|
$150,921 | $24,646 | $175,567 |
| COURTNEY HIGUCHI | V.P./LOAN ADMINISTRATION | 40.00 |
Highest
|
$153,735 | $17,255 | $170,990 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $79,427,970 | $65,021,225 | $1,969,993,549 | $14,406,745 |
| 2022 | $64,266,960 | $46,656,926 | $2,012,780,174 | $17,610,034 |
| 2021 | $57,183,235 | $44,657,416 | $1,978,868,694 | $12,525,819 |
| 2020 | $59,537,252 | $50,028,799 | $1,782,896,401 | $9,508,453 |
| 2019 | $61,359,719 | $50,627,836 | $1,534,622,789 | $10,731,883 |
| 2018 | $57,230,819 | $44,885,230 | $1,433,506,717 | $12,345,589 |
Compare LBS FINANCIAL CREDIT UNION with other nonprofits in California and across the country.