Form 990 for tax year 2024
Filed by STATE CHARTERED CREDIT UNIONS IN LOUISIANA.
Totals
- Total revenue
- $7,784,631
- Total expenses
- $7,413,590
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $7,266,057
- Investment income
- $518,574
- Other revenue
- $0
- Total assets, end of year
- $101,168,494
- Total liabilities, end of year
- $89,589,735
- Net assets or fund balances, end of year
- $11,578,759
- Program services expenses (Part IX)
- $7,413,590
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $7,413,590
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: Interest on Loans
total $5,558,984 · related or exempt $5,558,984
-
2b · Program service revenue: Fees and Other Income
total $1,707,073 · related or exempt $1,552,896 · unrelated business $154,177
-
3 · Investment income
total $518,574 · related or exempt $518,574
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,845,353 · program services $1,845,353
-
8 · Pension plan contributions
total $67,123 · program services $67,123
-
9 · Other employee benefits
total $336,046 · program services $336,046
-
10 · Payroll taxes
total $139,708 · program services $139,708
-
11b · Fees: legal
total $46,047 · program services $46,047
-
11c · Fees: accounting
total $40,038 · program services $40,038
-
11g · Fees: other
total $57,476 · program services $57,476
-
13 · Office expenses
total $44,304 · program services $44,304
-
16 · Occupancy
total $50,279 · program services $50,279
-
17 · Travel
total $45,789 · program services $45,789
-
19 · Conferences, conventions and meetings
total $40,768 · program services $40,768
-
20 · Interest
total $1,538,507 · program services $1,538,507
-
22 · Depreciation, depletion and amortization
total $228,434 · program services $228,434
-
23 · Insurance
total $57,619 · program services $57,619
-
24a · Other expenses: Uniforms
total $30,081 · program services $30,081
-
24b · Other expenses: Training
total $87,923 · program services $87,923
-
24c · Other expenses: Dues & Subscriptions
total $28,239 · program services $28,239
-
24d · Other expenses: Equipment Rental
total $42,430 · program services $42,430
-
24e · All other expenses
total $2,687,426 · program services $2,687,426
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,251,966 · end of year $789,487
-
2 · Savings and temporary cash investments
beginning of year $1,877,397 · end of year $519,476
-
4 · Accounts receivable
beginning of year $291,293 · end of year $261,210
-
7 · Other notes and loans receivable
beginning of year $77,437,387 · end of year $79,903,413
-
9 · Prepaid expenses and deferred charges
beginning of year $684,968 · end of year $610,277
-
10a · Land, buildings and equipment: cost or other basis
$7,208,529
-
10b · Land, buildings and equipment: accumulated depreciation
$1,575,496
-
10c · Land, buildings and equipment, net
beginning of year $5,771,259 · end of year $5,633,033
-
12 · Investments: other securities
beginning of year $14,572,000 · end of year $11,469,999
-
15 · Other assets
beginning of year $1,757,465 · end of year $1,981,599
-
17 · Accounts payable and accrued expenses
beginning of year $2,322,450 · end of year $1,017,067
-
25 · Other liabilities
beginning of year $90,112,966 · end of year $88,572,668
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $955,069 · end of year $955,069
-
31 · Retained earnings, endowment or other funds
beginning of year $10,253,250 · end of year $10,623,690
Mission and programs · 2024
Mission
A member owned non-profit financial institution that provides financial products (savings, loans, etc)at competitive rates to members.
-
Provide members with an affordable source of credit as well as savings, checking accounts, and related products/services.
Expenses $7,413,590
As filed on the 2024 return.
Listed in Part VII
-
Lloyd Cockerham
CEO
- Total calculated
- $148,144
- From this org
- $148,144
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
James Moore
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Meyerer
Director
- Total calculated
- $0
- Hours/week
- 1
-
Denise Graves
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Judy Burns
Director
- Total calculated
- $0
- Hours/week
- 1
-
Robert Clouatre
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Donald Songy
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Valine LaBorde
Secretary
- 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
- 2024
- Filed
- 12 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541359349313934
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