Jeff Napper of LBS Financial Credit Union elected new Board of Directors Chairman of CO-OP

RANCHO CUCAMONGA, CA (May 12, 2016) — Jeff Napper, President/CEO of LBS Financial CU of Westminster, California, has been elected by the Board of Directors of CO-OP Financial Services to serve as the company’s Board Chairman.

Napper has served as a director on the CO-OP Board since 2010.  He has been President/CEO since 2002 of LBS Financial CU, a credit union with $1.2 billion in assets and 122,000 members. Napper’s oversight work with CO-OP began in 1997 when he became a member of the Audit Committee.

“I congratulate Jeff on his election to Chairman of CO-OP,” said Doug Ferraro, President/CEO, Bellco Credit Union, Greenwood Village, Colorado, who served as Chairman the previous two years. “We are confident Jeff will provide fine Board leadership for CO-OP, the largest and the very best provider of financial technology products and services for credit unions.”

In addition to Napper, three other credit union leaders were elected to Officer positions on CO-OP’s Board of Directors:

  • Allan McMorris, elected Vice-Chairman/Chairman-Elect. McMorris is President/CEO of Oakland County CU of Waterford, Michigan.
  • Chuck Purvis, elected Treasurer. Purvis is President/CEO of Coastal FCU of Raleigh, North Carolina.
  • Benson Porter, elected Secretary. Porter is President/CEO of BECU of Tukwila, Washington.

The Board of Directors of CO-OP Financial Services consists of 11 members. In addition to Napper, McMorris, Purvis, Porter and Ferraro, the six other members of the Board include Tom Dorety, Suncoast CU, Tampa, Florida; Wayne Grosse, Bethpage FCU, Bethpage, New York; Joan Opp, Stanford FCU, Palo Alto, California; Kent Oram, Idaho Central CU, Chubbuck, Idaho; John Radebaugh, Carolinas Credit Union League of Raleigh, North Carolina; and Lisa Schlehuber, Elements Financial FCU, Indianapolis, Indiana.

For more information, visit

Jeff Napper

About CO-OP Financial Services

CO-OP Financial Services is a payments and financial technology company whose mission is ensuring the success of the credit union movement. CO-OP payments solutions, engagement services and strategic counsel help credit unions optimize member experiences to consistently provide seamless, personalized multi-channel offerings, while delivering secure, sophisticated fraud mitigation service. For more information, visit


Bill Prichard, APR
Director, Public Relations
CO-OP Financial Services
(909) 532-9416

More News