Form 990 for tax year 2022
Filed by STATE CHARTERED CREDIT UNIONS IN LOUISIANA.
Totals
- Total revenue
- $8,114,833
- Total expenses
- $6,523,879
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $4,403,644
- Investment income
- $412,339
- Other revenue
- $3,298,850
- Total assets, end of year
- $107,445,035
- Total liabilities, end of year
- $86,206,689
- Net assets or fund balances, end of year
- $21,238,346
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $6,523,879
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.
-
2a · Program service revenue: Interest on Loans
total $4,403,644 · related or exempt $4,403,644 · 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 $414,235 · related or exempt $414,235 · 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
-
7a · Gross sales of assets other than inventory
securities $0 · other assets -$1,896
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $0 · other assets -$1,896
-
7d · Net gain or loss
total -$1,896 · related or exempt -$1,896 · unrelated business $0 · excluded $0
-
11a · Other revenue: Fee Income
total $1,854,959 · related or exempt $1,854,959 · unrelated business $0 · excluded $0
-
11b · Other revenue: Other Income
total $1,443,891 · related or exempt $1,443,891 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$3,298,850
Functional expenses
Part IX, the statement of functional expenses.
-
6 · Compensation of disqualified persons
total $2,293,933
-
9 · Other employee benefits
total $788,365
-
11c · Fees: accounting
total $48,819
-
13 · Office expenses
total $1,918,246
-
16 · Occupancy
total $161,740
-
17 · Travel
total $51,771
-
20 · Interest
total $374,503
-
24a · Other expenses: Loan Servicing Expense
total $507,156
-
24b · Other expenses: Operating Fee
total $35,400
-
24c · Other expenses: Misc Operations
total $230,844
-
24d · Other expenses: Education & Promotion
total $113,102
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $23,641,752 · end of year $19,780,597
-
2 · Savings and temporary cash investments
beginning of year $17,234,336 · end of year $17,465,801
-
5 · Loans and receivables from officers and key people
beginning of year $1,619,912 · end of year $2,710,293
-
6 · Loans and receivables from disqualified persons
beginning of year $58,689,509 · end of year $63,821,376
-
10a · Land, buildings and equipment: cost or other basis
$7,248,384
-
10b · Land, buildings and equipment: accumulated depreciation
$4,815,267
-
10c · Land, buildings and equipment, net
beginning of year $2,639,751 · end of year $2,433,117
-
15 · Other assets
beginning of year $1,095,456 · end of year $1,233,851
-
17 · Accounts payable and accrued expenses
beginning of year $488,445 · end of year $598,584
-
25 · Other liabilities
beginning of year $84,784,879 · end of year $85,608,105
-
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 $19,647,392 · end of year $21,238,346
Mission and programs · 2022
Activities or mission (Part I)
To operate a state chartered credit union providing loans, savings and checking accounts to members.
-
We did not receive any grants
Expenses $6,523,879
As filed on the 2022 return.
Listed in Part VII
-
Burl Cain
Chairman
- Total calculated
- $0
- Hours/week
- 0 + 2 related
-
Ron Granier
Vice Chairman
- Total calculated
- $0
- Hours/week
- 0 + 2 related
-
Eugenie Powers
Secretary
- Total calculated
- $0
- Hours/week
- 0 + 2 related
-
James Rogers
Treasurer
- Total calculated
- $0
- Hours/week
- 0 + 2 related
-
Curtis Fremin Jr
Director
- Total calculated
- $0
- Hours/week
- 0 + 1.5 related
-
Jerry Goodwin
Director
- Total calculated
- $0
- Hours/week
- 0 + 1.5 related
-
Benny Harris
Director
- Total calculated
- $0
- Hours/week
- 0 + 1.5 related
-
Tim Hooper
Director
- Total calculated
- $0
- Hours/week
- 0 + 1.5 related
-
Donnie Bordelon
Director
- Total calculated
- $0
- Hours/week
- 0 + 1.5 related
-
Travis Day
Director
- Total calculated
- $0
- Hours/week
- 0 + 1.5 related
-
Tanisha Matthews
Director
- Total calculated
- $0
- Hours/week
- 0 + 1.5 related
-
Michael Moore
Director
- Total calculated
- $0
- Hours/week
- 0 + 1.5 related
-
Malcom Myer
Director
- Total calculated
- $0
- Hours/week
- 0 + 1.5 related
-
Sheryl Ranatza
Director
- Total calculated
- $0
- Hours/week
- 0 + 1.5 related
-
Seth Smith
Director
- Total calculated
- $0
- Hours/week
- 0 + 1.5 related
-
Richard Stalder
Director
- Total calculated
- $0
- Hours/week
- 0 + 1.5 related
-
Pete Fremin
Director
- Total calculated
- $0
- Hours/week
- 0 + 1.5 related
-
Jeffrey Travis
Director
- Total calculated
- $0
- Hours/week
- 0 + 1.5 related
-
Wesley McConnell
Director
- Total calculated
- $0
- Hours/week
- 0 + 1.5 related
-
Edward Bickham
Director
- Total calculated
- $0
- Hours/week
- 0 + 1.5 related
-
Marcus Myers
Director
- Total calculated
- $0
- Hours/week
- 0 + 1.5 related
-
Misty Stagg
Director
- Total calculated
- $0
- Hours/week
- 0 + 1.5 related
-
Otha C Nelson JR
Director
- Total calculated
- $0
- Hours/week
- 0 + 1.5 related
-
Frederick Boutte'
Director
- Total calculated
- $0
- Hours/week
- 0 + 1.5 related
-
Keith Cooley
Director
- Total calculated
- $0
- Hours/week
- 0 + 1.5 related
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
- 28 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322369349301857
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