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Nonprofiteer
← LEAGUE OF SOUTHEASTERN CREDIT UNIONS

Form 990 for tax year 2024

Filed by LEAGUE OF SOUTHEASTERN CREDIT UNIONS.

Totals

Total revenue
$7,434,584
Total expenses
$7,266,898
Contributions and grants received
$379,850
Grants paid
$0
Program service revenue
$5,535,719
Investment income
$230,119
Other revenue
$1,288,896
Total assets, end of year
$51,352,531
Total liabilities, end of year
$2,844,559
Net assets or fund balances, end of year
$48,507,972
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1d · Related organizations

    $25,000

  • 1f · All other contributions, gifts and grants

    $354,850

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $5,524,719 · related or exempt $5,524,719

  • 2b · Program service revenue: OTHER

    total $11,000 · related or exempt $11,000

  • 3 · Investment income

    total $230,119 · excluded $230,119

  • 8b · Fundraising events: direct expenses

    $60,231

  • 8c · Net income from fundraising events

    total -$60,231 · excluded -$60,231

  • 10a · Gross sales of inventory

    $516,535

  • 10b · Cost of goods sold

    $1,552,163

  • 10c · Net income from sales of inventory

    total -$1,035,628 · related or exempt -$1,035,628

  • 11a · Other revenue: SCHOOLS AND CONFERENCES

    total $2,384,755 · related or exempt $2,384,755

  • 11e · Other revenue, total

    $2,384,755

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $3,462,198

  • 11b · Fees: legal

    total $510,338

  • 11c · Fees: accounting

    total $520,891

  • 11g · Fees: other

    total $512,891

  • 12 · Advertising and promotion

    total $303,120

  • 13 · Office expenses

    total $138,432

  • 14 · Information technology

    total $321,320

  • 16 · Occupancy

    total $250,771

  • 17 · Travel

    total $483,418

  • 19 · Conferences, conventions and meetings

    total $224,542

  • 22 · Depreciation, depletion and amortization

    total $18

  • 23 · Insurance

    total $70,835

  • 24a · Other expenses: PAC CONTRIBUTIONS

    total $250,419

  • 24b · Other expenses: ASSOCIATION DUES

    total $128,936

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $49,154

  • 24d · Other expenses: OTHER EXPENSES

    total $38,612

  • 24e · All other expenses

    total $1,003

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,025,555 · end of year $5,193,823

  • 4 · Accounts receivable

    beginning of year $267,609 · end of year $66,228

  • 9 · Prepaid expenses and deferred charges

    beginning of year $344,878 · end of year $431,102

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

    $5,070

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

    $5,070

  • 10c · Land, buildings and equipment, net

    beginning of year $4,566 · end of year $0

  • 15 · Other assets

    beginning of year $41,999,472 · end of year $45,661,378

  • 17 · Accounts payable and accrued expenses

    beginning of year $506,036 · end of year $579,904

  • 19 · Deferred revenue

    beginning of year $1,591,181 · end of year $1,195,031

  • 25 · Other liabilities

    beginning of year $769,073 · end of year $1,069,624

  • 27 · Net assets without donor restrictions

    beginning of year $44,775,790 · end of year $48,507,972

Mission and programs · 2024

Mission

TO CREATE AN ENVIRONMENT THAT ENABLES CREDIT UNIONS TO GROW AND SUCCEED.

Activities or mission (Part I)

PROMOTE ADVANCEMENT AND SUCCESS OF CREDIT UNIONS THROUGH ADVOCACY, INFORMATION AND EDUCATION.

  • THE LEAGUE PROVIDED VALUABLE SUPPORT THROUGH TECHNICAL ASSISTANCE, TRAINING, AND EDUCATION TAILORED TO 285 CREDIT UNIONS ACROSS ALABAMA, FLORIDA, AND GEORGIA.

  • SERVED AS A TRUSTED ADVOCATE AT BOTH THE STATE AND FEDERAL LEVELS, ENSURING CREDIT UNION VOICES ARE HEARD AND THEIR INTERESTS PROTECTED.

  • PROVIDED TIMELY COMMUNICATION ON KEY ISSUES AND ASSISTED CREDIT UNIONS WITH STRATEGIC PLANNING, REINFORCING ITS ROLE AS THE PREFERRED SOURCE OF INFORMATION AND SUPPORT.

As filed on the 2024 return.

Listed in Part VII

  • Richard Skaggs

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ola Anise

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Roy Bibb

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Bobby Michael

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steve Moseley

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Hank Halter

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brian Akin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Henry Armstrong

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Stacie Branch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sharon Downing

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brad Green

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kabir Laiwalla

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Chris Leggett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Denelle Miller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kevin Miller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jan Page

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Suzanne Weinstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tina Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Patrick La Pine

    CEO (UNTIL 4/24)

    Total calculated
    $4,138,105
    From this org
    $0
    From related orgs
    $4,094,362
    Other
    $43,743
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $229,324 related
    Bonus
    $0 + $3,826,381 related
    Other
    $0 + $38,657 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $9,243 related
    Filer's total
    $0 + $4,138,105 related

  • Samantha Beeler

    PRESIDENT

    Total calculated
    $569,190
    From this org
    $0
    From related orgs
    $422,722
    Other
    $146,468
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $359,037 related
    Bonus
    $0 + $51,469 related
    Other
    $0 + $12,216 related
    Deferred
    $0 + $135,234 related
    Nontaxable benefits
    $0 + $11,234 related
    Filer's total
    $0 + $569,190 related

  • Steven J Schwartz

    CFO

    Total calculated
    $475,431
    From this org
    $0
    From related orgs
    $193,676
    Other
    $281,755
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,021 related
    Bonus
    $0
    Other
    $0 + $655 related
    Deferred
    $0 + $262,500 related
    Nontaxable benefits
    $0 + $19,255 related
    Filer's total
    $0 + $475,431 related

  • Sydney Seral

    CHIEF ADVOCACY OFFICER

    Total calculated
    $203,020
    From this org
    $0
    From related orgs
    $176,324
    Other
    $26,696
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $161,855 related
    Bonus
    $0 + $13,648 related
    Other
    $0 + $821 related
    Deferred
    $0 + $14,237 related
    Nontaxable benefits
    $0 + $12,459 related
    Filer's total
    $0 + $203,020 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. 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4B
PATRICK LA PINE HAD DEFERRED NONQUALIFIED RETIREMENT CONTRIBUTIONS OF $54,285 IN 2024. STEVEN J. SCHWARTZ HAD DEFERRED NONQUALIFIED RETIREMENT CONTRIBUTIONS OF $250,000 IN 2024. SAMANTHA BEELER HAD DEFERRED NONQUALIFIED RETIREMENT CONTRIBUTIONS OF $101,468 IN 2024.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ALABAMA CREDIT UNION POLITICAL ACTION COMMITTEE

    527 · POLITICAL COMMITTEE · AL · controlled entity

    Directly controlled by LEAGUE OF SOUTHEASTERN CREDIT UNIONS

  • SOUTHEASTERN CREDIT UNION FOUNDATION

    501(C)(3) · CHARITABLE ORGANIZATIONS · FL · controlled entity

    Directly controlled by LEAGUE OF SOUTHEASTERN CREDIT UNIONS

  • FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE

    527 · POLITICAL COMMITTEE · FL · controlled entity

    Directly controlled by LEAGUE OF SOUTHEASTERN CREDIT UNIONS

  • GEORGIA CREDIT UNION POLITICAL ACTION COMMITTEE

    527 · POLITICAL COMMITTEE · GA · controlled entity

    Directly controlled by LEAGUE OF SOUTHEASTERN CREDIT UNIONS

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • AFFILIATES CONSOIDATED SERVICES LLC

    HOLDING CO · FL · 100% owned · share of income $6,936,139 · share of assets $50,786,060

    Directly controlled by LEAGUE OF SOUTHEASTERN CREDIT UNIONS

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CREDIT UNION VENDOR MANAGEMENT

    C · FNCL SVCS · FL · 51% owned · share of income $1,261,504 · share of assets $1,394,257 · controlled entity

    Directly controlled by AFFILIATES CONSOIDATED SERVICES LLC

  • COMMON BOND TITLE OF FL

    C · TITLE SVCS · FL · 100% owned · share of income $423,716 · share of assets $651,847 · controlled entity

    Directly controlled by COMMON BOND TITLE LLC

  • LEVERAGE BUSINESS LENDING LLC

    C · FNCL SVCS · FL · 51% owned · controlled entity

    Directly controlled by LSCU SERVICE CORPORATION INC

  • CU AUDIT AND COMPLIANCE GROUP

    C · FNCL SVCS · FL · 100% owned · share of income $2,299,672 · share of assets $2,938,933 · controlled entity

    Directly controlled by LSCU SERVICE CORPORATION INC

  • CSI ASSETS LLC

    C · FNCL SVCS · FL · 100% owned · share of income $2,156,925 · share of assets $3,938,755 · controlled entity

    Directly controlled by AFFILIATES CONSOIDATED SERVICES LLC

  • MEMBERS ATM ALLIANCE LLC

    C · FNCL SVCS · FL · 68.73% owned · share of income $7,471,388 · share of assets $4,184,973 · controlled entity

    Directly controlled by AFFILIATES CONSOIDATED SERVICES LLC

  • GEORGIA CREDIT UNION AFFILIATES

    C · HOLDING CO · GA · 100% owned · share of income $32,174 · share of assets $1,381,615 · controlled entity

    Directly controlled by AFFILIATES CONSOIDATED SERVICES LLC

  • LEVERAGE PAYMENT SOLUTIONS

    C · FNCL SVCS · FL · 100% owned · share of income $3,632,151 · share of assets $14,977,406 · controlled entity

    Directly controlled by AFFILIATES CONSOIDATED SERVICES LLC

  • GROWTH BY DESIGN INC

    C · FNCL SVCS · FL · 100% owned · share of income $1,189,251 · share of assets $519,904 · controlled entity

    Directly controlled by AFFILIATES CONSOIDATED SERVICES LLC

  • COMMON BOND TITLE LLC

    C · FNCL SVCS · FL · 100% owned · share of income $1,397,034 · share of assets $1,242,431 · controlled entity

    Directly controlled by AFFILIATES CONSOIDATED SERVICES LLC

  • SHARED COOPERATIVE SERVICES LLC

    C · FNCL SVCS · FL · 100% owned · share of income $1,172,664 · share of assets $812,785 · controlled entity

    Directly controlled by AFFILIATES CONSOIDATED SERVICES LLC

  • GETTINGAHEAD ASSOCIATION INC

    C · FNCL EDUCATION · GA · 100% owned · share of income $27,451 · share of assets $122,182 · controlled entity

    Directly controlled by LEAGUE OF SOUTHEASTERN CREDIT UNIONS

  • LSCU SERVICE CORPORATION INC

    C · FNCL SVCS · FL · 100% owned · share of income $7,068,535 · share of assets $21,843,188 · controlled entity

    Directly controlled by AFFILIATES CONSOIDATED SERVICES LLC

Provenance

Return type
form_990
Tax year
2024
Filed
6 October 2025
IRS schema version
2024v5.2
Source object
202522799349302202

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