Long Beach, CA – July 28, 2020 – LBS Financial Credit Union is announcing two retirements from their board of directors this summer.
After 44 years of serving as a board member for LBS Financial Credit Union, Dr. Lionel Gatley has retired effective June 2020. Gene Allen, having served 43 years on the LBS Financial Credit Union Board of Directors also retired effective July 2020. Both Dr. Gatley and Mr. Allen served as Board Chair twice over their span of years on the board.
“Dr. Gatley and Mr. Allen have given a lifetime as volunteer board members for our Credit Union and we are so fortunate for their service,” said President & CEO, Jeffrey Napper. “LBS Financial was only $50 million in total assets when they started with us and today is over $1.6 billion. They’ve experienced and led through tremendous change and growth. We can’t thank them enough for their dedication to our Credit Union.”
Similar to most credit unions, LBS Financial’s board of directors are all volunteer unpaid positions.
About LBS Financial Credit Union
LBS Financial, founded in 1935 as the Long Beach School District Employees Federal Credit Union, is a member-owned cooperative providing savings, checking, Visa®, money markets, certificates, IRA, insurance and investment services. LBS Financial also offers personal, vehicle, boat and home loans. Their field of membership encompasses fifty cities surrounding the greater Long Beach area, as well as Riverside, San Bernardino, Orange and San Diego Counties. They currently service over 135,000 members with seven branch office locations, convenient electronic access (ATMs, online banking and mobile banking) and are part of the CO-OP ATM and Shared Branching Networks. LBS Financial Credit Union has over $1.6 billion in total assets.
