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.
Executive compensation, broken down
Form 990 · Schedule J · 12 reported individuals · Filing year 2023
| Base salary | Bonus | Other compensation | Benefits | Executive compensation | |
|---|---|---|---|---|---|
S.v.p./CFO officer (unspecified) $367k | |||||
S.v.p./Information Systems key employee $355k | |||||
S.v.p./Marketing key employee $304k | |||||
S.v.p/Member Services key employee $290k | |||||
S.v.p./Human Resources key employee $265k | |||||
V.p./Collections highest compensated employee $238k | |||||
V.p./Internal Audit highest compensated employee $198k | |||||
V.p./Branch Operations highest compensated employee $191k | |||||
V.p./Residential Lending highest compensated employee $176k | |||||
V.p./Loan Administration highest compensated employee $171k | |||||
Plus 10 unpaid individuals.
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