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← STATE CHARTERED CREDIT UNIONS IN LOUISIANA

Form 990 for tax year 2023

Filed by STATE CHARTERED CREDIT UNIONS IN LOUISIANA.

Totals

Total revenue
$323,839
Total expenses
$254,188
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$207,432
Investment income
$115,799
Other revenue
$608
Total assets, end of year
$4,723,872
Total liabilities, end of year
$2,595,731
Net assets or fund balances, end of year
$2,128,141
Program services expenses (Part IX)
$254,188
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$254,188

Program services were 100.0% 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.

  • 2a · Program service revenue: Loan Interest

    total $182,244 · related or exempt $182,244

  • 2b · Program service revenue: Fee Income

    total $25,188 · related or exempt $25,188

  • 3 · Investment income

    total $115,799 · related or exempt $115,799

  • 11a · Other revenue: Gain on Disposal

    total $608 · related or exempt $608

  • 11e · Other revenue, total

    $608

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $85,739 · program services $85,739

  • 13 · Office expenses

    total $47,614 · program services $47,614

  • 16 · Occupancy

    total $9,439 · program services $9,439

  • 19 · Conferences, conventions and meetings

    total $150 · program services $150

  • 20 · Interest

    total $66,256 · program services $66,256

  • 23 · Insurance

    total $2,919 · program services $2,919

  • 24a · Other expenses: Loan Servicing

    total $33,041 · program services $33,041

  • 24b · Other expenses: Miscellaneous

    total $9,030 · program services $9,030

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,636 · end of year $22,150

  • 2 · Savings and temporary cash investments

    beginning of year $511,989 · end of year $252,078

  • 5 · Loans and receivables from officers and key people

    beginning of year $7,992 · end of year $9,229

  • 7 · Other notes and loans receivable

    beginning of year $1,056,161 · end of year $1,238,751

  • 13 · Investments: program-related

    beginning of year $3,440,360 · end of year $3,145,238

  • 15 · Other assets

    beginning of year $43,479 · end of year $56,426

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,182 · end of year $1,061

  • 25 · Other liabilities

    beginning of year $3,023,945 · end of year $2,594,670

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,058,490 · end of year $2,128,141

Mission and programs · 2023

Mission

To operate as a financial institution for the employees of the Orleans Parish Sheriffs Office.

  • To provide an affordable source of savings and borrowings to Orleans Parish Criminal Sheriffs Credit Union members.

    Expenses $254,188

As filed on the 2023 return.

Listed in Part VII

  • Nicole Harris

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Melvin Howard

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mary Goodwin

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Susan N Hutson

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Davis Trauntenberg

    Treasurer

    Total calculated
    $0
    Hours/week
    1

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
2023
Filed
15 January 2025
IRS schema version
2023v6.0
Source object
202520289349301667

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