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← STATE CHARTERED CREDIT UNIONS IN LOUISIANA

Form 990 for tax year 2023

Filed by STATE CHARTERED CREDIT UNIONS IN LOUISIANA.

Totals

Total revenue
$1,499,420
Total expenses
$1,429,661
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,170,290
Investment income
$329,130
Other revenue
$0
Total assets, end of year
$21,174,230
Total liabilities, end of year
$12,353,939
Net assets or fund balances, end of year
$8,820,291
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.

  • 2a · Program service revenue: INTEREST ON LOANS TO M

    total $1,170,290 · related or exempt $1,170,290

  • 3 · Investment income

    total $329,130 · excluded $329,130

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $193,425

  • 7 · Other salaries and wages

    total $58,550

  • 9 · Other employee benefits

    total $106,213

  • 10 · Payroll taxes

    total $21,433

  • 11b · Fees: legal

    total $5,000

  • 11c · Fees: accounting

    total $38,318

  • 13 · Office expenses

    total $10,826

  • 14 · Information technology

    total $9,195

  • 19 · Conferences, conventions and meetings

    total $5,850

  • 20 · Interest

    total $958,389

  • 22 · Depreciation, depletion and amortization

    total $3,097

  • 23 · Insurance

    total $254

  • 24a · Other expenses: EXAMINATIONS FEES

    total $10,000

  • 24b · Other expenses: SURETY BOND PREMIUM

    total $8,493

  • 24c · Other expenses: ASSOCIATION FEES

    total $618

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,110,613 · end of year $221,231

  • 2 · Savings and temporary cash investments

    beginning of year $9,642,900 · end of year $13,046,990

  • 5 · Loans and receivables from officers and key people

    beginning of year $47,800 · end of year $40,460

  • 7 · Other notes and loans receivable

    beginning of year $7,981,604 · end of year $7,862,995

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

    $50,071

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

    $47,517

  • 10c · Land, buildings and equipment, net

    beginning of year $5,651 · end of year $2,554

  • 17 · Accounts payable and accrued expenses

    beginning of year $744,578 · end of year $958,389

  • 25 · Other liabilities

    beginning of year $11,293,458 · end of year $11,395,550

  • 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 $8,750,532 · end of year $8,820,291

Mission and programs · 2023

Mission

THE NEW ORLEANS POLICE DEPARTMENT EMPLOYEES' CREDIT UNION IS A STATE CHARTERED CREDIT UNION ORGANIZED FOR THE PURPOSE OF PROVIDING SAVINGS AND CREDIT LENDING OPPORTUNITIES TO EMPLOYEES OF THE NEW ORLEANS POLICE DEPARTMENT. IT POSSESSES ALL RIGHTS AND POWERS OF AND IS SUBJECT TO THE OPERATING REGULATIONS OF CREDIT UNIONS UNDER STATUTES OF THE STATE OF LOUISIANA.

Activities or mission (Part I)

PROVIDE SAVINGS AND CREDIT LENDING OPPORTUNITIES TO EMPLOYEES OF THE NEW ORLEANS POLICE DEPARTMENT.

  • PROVIDE SAVINGS AND CREDIT LENDING OPPORTUNITIES TO EMPLOYEES OF THE NEW ORLEANS POLICE DEPARTMENT.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael O Ellington

    PRESIDENT

    Total calculated
    $68,700
    From this org
    $68,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kenneth Maes

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Robert Oehlke Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Wayne Kreider

    BOARD MEMBER

    Total calculated
    $54,725
    From this org
    $54,725
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Bernard Crowden

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Weber

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mark Mornay

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sidney Garaudy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Don Kinney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Terrence Duffy Sr

    CEO/SECRETARY-TREASURER

    Total calculated
    $70,000
    From this org
    $70,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
2023
Filed
13 May 2024
IRS schema version
2023v5.0
Source object
202441349349306354

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