Form 990 for tax year 2025
Filed by STATE CHARTERED CREDIT UNIONS IN LOUISIANA.
Totals
- Total revenue
- $263,949
- Total expenses
- $266,103
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $212,246
- Other revenue
- $51,703
- Total assets, end of year
- $3,431,987
- Total liabilities, end of year
- $2,940,163
- Net assets or fund balances, end of year
- $491,824
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
3 · Investment income
total $212,246 · related or exempt $212,246
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$51,703
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $20,616
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $48,412
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $4,388
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $82,575
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $72,381
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $6,215
-
23 · Insurance
total $0
-
24a · Other expenses: PROVISION FOR LOAN LOSSES
total $12,843
-
24b · Other expenses: MISCELLANEOUS
total $7,564
-
24c · Other expenses: SURETY BOND PREMIUM
total $6,033
-
24d · Other expenses: OFFICE SUPPLIES
total $3,076
-
24e · All other expenses
total $2,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year -$29,813 · end of year $210,683
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $304,032 · end of year $325,179
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $1,906,548 · end of year $1,642,413
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$83,202
-
10b · Land, buildings and equipment: accumulated depreciation
$73,014
-
10c · Land, buildings and equipment, net
beginning of year $10,430 · end of year $10,188
-
11 · Investments: publicly traded securities
beginning of year $1,181,781 · end of year $1,209,459
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $35,863 · end of year $34,065
-
17 · Accounts payable and accrued expenses
beginning of year $755 · end of year $647
-
25 · Other liabilities
beginning of year $2,914,108 · end of year $2,939,516
-
31 · Retained earnings, endowment or other funds
beginning of year $493,978 · end of year $491,824
Mission and programs · 2025
Mission
MUTUAL MEMBERSHIP BENEFIT PROGRAM GENERAL/ OTHER: CONTINUE TO PROVIDE MEMBERSHIP WITH AFFORDABLE SOURCE OF CREDIT AND SAVINGS TO CREDIT UNION MEMBERSHIP
Activities or mission (Part I)
GOOD INTEREST RATE 1.00 ON SHARE ACCOUNTS. VERY AFFORDABLE CHECKING ACCOUNT SERVICE, NO SERVICE CHARGE AND BELOW MARKET RATE ON FEES SUCH AS BOUNCED CHECKS AND OVERDRAFT PROTECTION. FREE DEBIT CARD SERVICE
-
GOOD INTEREST RATE 2.00 ON SHARE ACCOUNTS. VERY AFFORDABLE CHECKING ACCOUNT SERVICE , NO SERVICE CHARGE AND BELOW MARKET RATE ON FEES SUCH AS BOUNCED CHECKS AND OVERDRAFT PROTECTION. FREE DEBIT CARD SERVICE
As filed on the 2025 return.
Listed in Part VII
-
Barry HenryBARRY HENRY
Treasurer
- Total calculated
- $20,616
- From this org
- $20,616
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
-
Ivory ScottIVORY SCOTT
President
- Total calculated
- $0
- Hours/week
- 0
-
Joey WinnJOEY WINN
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Leon DannaLEON DANNA
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Henry BroomHENRY BROOM
Director
- Total calculated
- $0
- Hours/week
- 0
-
Terry HannanTERRY HANNAN
Director
- Total calculated
- $0
- Hours/week
- 0
-
Frank DouglasFRANK DOUGLAS
Director
- Total calculated
- $0
- Hours/week
- 0
-
Barry HenryBARRY HENRY
TREASURER
- Total calculated
- $0
- Hours/week
- 20
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 18 February 2026
- IRS schema version
- 2025v4.0
- Source object
- 202630499349301903
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