← STATE CHARTERED CREDIT UNIONS IN LOUISIANA

Form 990 for tax year 2025

Filed by STATE CHARTERED CREDIT UNIONS IN LOUISIANA.

Totals

Total revenue: $10,856,133
Total expenses: $8,657,914
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $5,781,768
Investment income: $1,829,255
Other revenue: $3,245,110
Total assets, end of year: $119,628,656
Total liabilities, end of year: $91,136,799
Net assets or fund balances, end of year: $28,491,857
Program services expenses (Part IX): $0
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $0

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.

2f · All other program service revenue

total $5,781,768 · related or exempt $5,781,768 · unrelated business $0 · excluded $0
3 · Investment income

total $1,837,567 · related or exempt $1,837,567 · 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 -$8,312
7b · Less cost or other basis and sales expenses

securities $0 · other assets $0
7c · Gain or loss

securities $0 · other assets -$8,312
7d · Net gain or loss

total -$8,312 · related or exempt -$8,312 · unrelated business $0 · excluded $0
11a · Other revenue: Fee Income

total $1,591,633 · related or exempt $1,591,633 · unrelated business $0 · excluded $0
11b · Other revenue: Miscellaneous

total $1,603,477 · related or exempt $1,603,477 · unrelated business $0 · excluded $0
11d · All other revenue

total $50,000 · related or exempt $50,000 · unrelated business $0 · excluded $0
11e · Other revenue, total

$3,245,110

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 $213,002
6 · Compensation of disqualified persons

total $2,496,854
7 · Other salaries and wages

total $0
8 · Pension plan contributions

total $0
9 · Other employee benefits

total $0
10 · Payroll taxes

total $881,961
11a · Fees: management

total $0
11b · Fees: legal

total $0
11c · Fees: accounting

total $53,961
11d · Fees: lobbying

total $0
11e · Fees: professional fundraising services

total $0
11f · Fees: investment management

total $0
11g · Fees: other

total $0
12 · Advertising and promotion

total $0
13 · Office expenses

total $2,310,052
14 · Information technology

total $0
15 · Royalties

total $0
16 · Occupancy

total $45,801
17 · Travel

total $17,479
18 · Travel or entertainment for public officials

total $0
19 · Conferences, conventions and meetings

total $0
20 · Interest

total $1,188,538
21 · Payments to affiliates

total $0
22 · Depreciation, depletion and amortization

total $243,321
23 · Insurance

total $0
24a · Other expenses: Education & Promotion

total $172,460
24b · Other expenses: Loans Service Expense

total $593,199
24c · Other expenses: Other Oper Exp

total $42,500
24d · Other expenses: Misc Oper Exp

total $398,786

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $20,441,380 · end of year $23,957,202
2 · Savings and temporary cash investments

beginning of year $18,963,323 · end of year $19,751,343
5 · Loans and receivables from officers and key people

beginning of year $2,782,631 · end of year $2,816,041
7 · Other notes and loans receivable

beginning of year $68,420,980 · end of year $69,496,956
10a · Land, buildings and equipment: cost or other basis

$7,118,324
10b · Land, buildings and equipment: accumulated depreciation

$4,871,858
10c · Land, buildings and equipment, net

beginning of year $2,359,922 · end of year $2,246,466
15 · Other assets

beginning of year $1,361,688 · end of year $1,360,648
17 · Accounts payable and accrued expenses

beginning of year $663,949 · end of year $691,056
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $87,372,337 · end of year $90,445,743
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 $26,293,638 · end of year $28,491,857

Mission and programs · 2025

Activities or mission (Part I)

To operate a state chartered credit union providing loans, savings and checking accounts to members.

The credit union did not receive any grants

As filed on the 2025 return.

Listed in Part VII

Ellen Murphy

CEO

Total calculated

$213,002

From this org

$213,002

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$202,781

Bonus

$10,221

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$213,002
Dedra Francis

COO

Total calculated

$139,411

From this org

$139,411

From related orgs

$0

Other

$0

Hours/week

40
Roxanne F Brown

CFO

Total calculated

$117,251

From this org

$117,251

From related orgs

$0

Other

$0

Hours/week

40
Sarah Menzina

Operations Officers

Total calculated

$111,932

From this org

$111,932

From related orgs

$0

Other

$0

Hours/week

40
Karen Hays

CLO

Total calculated

$100,552

From this org

$100,552

From related orgs

$0

Other

$0

Hours/week

40
Keith Kern

IT Manager

Total calculated

$100,231

From this org

$100,231

From related orgs

$0

Other

$0

Hours/week

40
Keith Cooley

Director

Total calculated

$0

Hours/week

1.5
Burl Cain

Chairman

Total calculated

$0

Hours/week

2
Ron Granier

Vice Chairman

Total calculated

$0

Hours/week

2
Eugenie Powers

Secretary

Total calculated

$0

Hours/week

2
James Rogers

Treasurer

Total calculated

$0

Hours/week

2
Benny Harris

Director

Total calculated

$0

Hours/week

1.5
Jaime Lee Jr

Director

Total calculated

$0

Hours/week

1.5
Darian Brent Thompson

Director

Total calculated

$0

Hours/week

1.5
Travis Day

Director

Total calculated

$0

Hours/week

1.5
Tanisha Sampey

Director

Total calculated

$0

Hours/week

1.5
Michael Moore

Director

Total calculated

$0

Hours/week

1.5
Keithe Turner

Director

Total calculated

$0

Hours/week

1.5
Sheryl Ranatza

Director

Total calculated

$0

Hours/week

1.5
Seth Smith

Director

Total calculated

$0

Hours/week

1.5
Richard Stalder

Director

Total calculated

$0

Hours/week

1.5
Pete Fremin Jr

Director

Total calculated

$0

Hours/week

1.5
Jeffrey Travis

Director

Total calculated

$0

Hours/week

1.5
Edward Dusty Bickham

Director

Total calculated

$0

Hours/week

1.5
Darrell Vannoy

Director

Total calculated

$0

Hours/week

1.5
Misty Stagg

Director

Total calculated

$0

Hours/week

1.5
Ryan V Horvath

Director

Total calculated

$0

Hours/week

1.5
Deborah M Dauzat

Director

Total calculated

$0

Hours/week

1.5
Kristen Thomas

Director

Total calculated

$0

Hours/week

1.5
Kenny Loftin

Director

Total calculated

$0

Hours/week

1.5
Gary Wescott

Director

Total calculated

$0

Hours/week

1.5

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 · Compensation survey or study
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: 17 August 2026
IRS schema version: 2025v4.0
Source object: 202612309349303016

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