Form 990 for tax year 2025
Filed by STATE CHARTERED CREDIT UNIONS IN LOUISIANA.
Totals
- Total revenue
- $3,377,935
- Total expenses
- $2,740,276
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,762,916
- Investment income
- $652,147
- Other revenue
- $962,872
- Total assets, end of year
- $53,087,200
- Total liabilities, end of year
- $46,445,661
- Net assets or fund balances, end of year
- $6,641,539
- Program services expenses (Part IX)
- $2,740,276
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $2,740,276
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 $1,762,916 · related or exempt $1,762,916
-
3 · Investment income
total $652,147 · related or exempt $652,147
-
11a · Other revenue: Fee Income
total $435,348 · related or exempt $435,348
-
11b · Other revenue: Other Operating Income
total $126,150 · related or exempt $126,150
-
11c · Other revenue: Other Non-Interest Income
total $401,374 · related or exempt $401,374
-
11e · Other revenue, total
$962,872
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,229,153 · program services $1,229,153
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $33,935 · program services $33,935
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $207,587 · program services $207,587
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $39,005 · program services $39,005
-
20 · Interest
total $255,273 · program services $255,273
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Office operations
total $607,807 · program services $607,807
-
24b · Other expenses: Loan servicing expense
total $156,085 · program services $156,085
-
24c · Other expenses: Provision for loan and lease losses
total $100,000 · program services $100,000
-
24d · Other expenses: Educational and promotional expenses
total $111,431 · program services $111,431
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $788,351 · end of year $673,604
-
2 · Savings and temporary cash investments
beginning of year $1,147,545 · end of year $3,785,814
-
7 · Other notes and loans receivable
beginning of year $29,616,870 · end of year $30,939,259
-
10a · Land, buildings and equipment: cost or other basis
$1,134,941
-
10b · Land, buildings and equipment: accumulated depreciation
$656,472
-
10c · Land, buildings and equipment, net
beginning of year $435,736 · end of year $478,469
-
13 · Investments: program-related
beginning of year $16,691,855 · end of year $15,977,288
-
15 · Other assets
beginning of year $1,435,680 · end of year $1,232,766
-
17 · Accounts payable and accrued expenses
beginning of year $682,405 · end of year $650,597
-
25 · Other liabilities
beginning of year $43,429,752 · end of year $45,795,064
-
31 · Retained earnings, endowment or other funds
beginning of year $6,003,880 · end of year $6,641,539
Mission and programs · 2025
Mission
To provide credit union members with financial products loans, credit cards, savings, certificates of deposit, checking accounts, etc. at competitive rates.
Activities or mission (Part I)
Provide credit union members with competitive loan and savings opportunities.
-
Consumer credit lending and insured savings instruments
Expenses $2,740,276 · Revenue $3,377,935
As filed on the 2025 return.
Listed in Part VII
-
Michelle C Duhe
CEO
- Total calculated
- $165,272
- From this org
- $165,272
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $121,734
- Bonus
- $13,500
- Other
- not reported
- Deferred
- $30,038
- Nontaxable benefits
- not reported
- Filer's total
- $165,272
-
Sidney A Parfait
Chairperson
- Total calculated
- $0
- Hours/week
- 1
-
Kristy Adams
Vice Chairperson
- Total calculated
- $0
- Hours/week
- 1
-
Joseph Lopinto
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dennis Brouphy
Board Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Louis Adams
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Mike Shillington
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ernest Parfait
Associate Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Charles W Candilora
Supervisory Comm
- Total calculated
- $0
- Hours/week
- 1
-
Gail Snakenberg
Supervisory Comm
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 6 July 2026
- IRS schema version
- 2025v4.1
- Source object
- 202601879349301305
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