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Nonprofiteer
← STATE CHARTERED CREDIT UNIONS IN LOUISIANA

Form 990 for tax year 2022

Filed by STATE CHARTERED CREDIT UNIONS IN LOUISIANA.

Totals

Total revenue
$2,319,892
Total expenses
$2,380,736
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,293,140
Investment income
$286,818
Other revenue
$739,934
Total assets, end of year
$52,582,620
Total liabilities, end of year
$47,642,645
Net assets or fund balances, end of year
$4,939,975
Program services expenses (Part IX)
$2,380,736
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,380,736

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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Interest on loan

    total $1,293,140 · related or exempt $1,293,140 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $286,818 · related or exempt $286,818 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11a · Other revenue: Fee income

    total $408,061 · related or exempt $408,061 · unrelated business $0 · excluded $0

  • 11b · Other revenue: Other Operating Income

    total $225,421 · related or exempt $225,421 · unrelated business $0 · excluded $0

  • 11c · Other revenue: Other Non-Interest Income

    total $106,452 · related or exempt $106,452 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $739,934

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $915,180 · program services $915,180

  • 11g · Fees: other

    total $33,000 · program services $33,000

  • 16 · Occupancy

    total $236,452 · program services $236,452

  • 19 · Conferences, conventions and meetings

    total $38,202 · program services $38,202

  • 20 · Interest

    total $59,469 · program services $59,469

  • 24a · Other expenses: Office Operations

    total $539,736 · program services $539,736 · management and general $0 · fundraising $0

  • 24b · Other expenses: Loan Servicing Expense

    total $99,739 · program services $99,739 · management and general $0 · fundraising $0

  • 24c · Other expenses: Non-Operating Expense

    total $355,891 · program services $355,891 · management and general $0 · fundraising $0

  • 24d · Other expenses: Educational and Promotional Expense

    total $98,067 · program services $98,067 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $5,000 · program services $5,000 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $987,932 · end of year $1,492,945

  • 2 · Savings and temporary cash investments

    beginning of year $4,465,312 · end of year $1,517,555

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $24,878,119 · end of year $26,244,110

  • 10a · Land, buildings and equipment: cost or other basis

    $1,771,541

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,136,055

  • 10c · Land, buildings and equipment, net

    beginning of year $656,746 · end of year $635,486

  • 13 · Investments: program-related

    beginning of year $21,494,279 · end of year $21,607,122

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,837,597 · end of year $1,085,402

  • 17 · Accounts payable and accrued expenses

    beginning of year $480,530 · end of year $425,723

  • 25 · Other liabilities

    beginning of year $48,617,478 · end of year $47,216,922

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $5,221,977 · end of year $4,939,975

Mission and programs · 2022

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 saving opportunities

  • Consumer credit Lending and insured saving instruments

    Expenses $2,380,736 · Revenue $2,319,892

As filed on the 2022 return.

Listed in Part VII

  • Michelle C Duhe

    CEO

    Total calculated
    $110,664
    From this org
    $110,664
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sidney A Parfait

    Chairperson

    Total calculated
    $0
    Hours/week
    1

  • Joseph Lopinto

    Vice Chairperson

    Total calculated
    $0
    Hours/week
    1

  • Charles C Holdman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kristy Adam

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dennis Brouphy

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Terry M Kennard

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sharyn S Taquino

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Joseph Battaglia

    Associate Board Member

    Total calculated
    $0
    Hours/week
    1

  • Charles W Candilora

    Supervisory Committee

    Total calculated
    $0
    Hours/week
    1

  • Anthony J Ruda

    Supervisory Committee

    Total calculated
    $0
    Hours/week
    1

  • Gail Snakenberg

    Supervisory Committee

    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
2022
Filed
25 April 2023
IRS schema version
2022v5.0
Source object
202331189349300238

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