California’s LBS Financial Credit Union Names New CEO

Sean Hardeman was named president/CEO of LBS Financial Credit Union in Westminster, Calif., the board of directors said Friday.

He succeeds Jeff Napper, who retired on Aug. 17 after serving the credit union for 46 years, including 21 years as president/CEO. During his CEO tenure, the credit union grew assets from $695 million in 2002 to its current assets of $1.9 billion, while loans increased from $341 million to $1.1 billion and membership expanded from 97,186 to more than 140,000, according to NCUA Call Reports.

Hardeman joined LBS Financial in 2011 as its SVP of member services. In 2015, he was named EVP and chief lending officer. He previously served as vice president of automated services and fraud management for the $28.7 billion SchoolsFirst Federal Credit Union in Tustin, Calif. He also was director of the credit union’s contact center.

“Sean Hardeman’s deep-rooted understanding of LBS Financial’s culture, combined with his commitment to excellence and unwavering focus on member service, make him the perfect leader for our credit union,” LBS Financial Board Chair Dr. Jill Baker said in a prepared statement. “The unanimous decision by our board to appoint Sean as the next president and CEO reflects our collective excitement for the credit union’s future.”

LBS Financial’s 230 employees operate eight branches, serving a field of membership across the Long Beach area, as well as Riverside, San Bernardino, Orange and San Diego Counties.