Form 990 for tax year 2024
Filed by STATE CHARTERED CREDIT UNIONS IN LOUISIANA.
Totals
- Total revenue
- $704,092
- Total expenses
- $679,045
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $242,931
- Other revenue
- $461,161
- Total assets, end of year
- $14,562,119
- Total liabilities, end of year
- $14,537,073
- Net assets or fund balances, end of year
- $25,046
- 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.
-
3 · Investment income
total $242,931 · related or exempt $242,931 · 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
-
11a · Other revenue: Interest on Loans
total $431,301 · related or exempt $431,301 · unrelated business $0 · excluded $0
-
11b · Other revenue: Other Non-Interest Income
total $29,860 · related or exempt $26,582 · unrelated business $3,278 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$461,161
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $54,290
-
7 · Other salaries and wages
total $65,540
-
10 · Payroll taxes
total $7,605
-
12 · Advertising and promotion
total $569
-
13 · Office expenses
total $12,894
-
14 · Information technology
total $90,956
-
16 · Occupancy
total $16,310
-
19 · Conferences, conventions and meetings
total $8,217
-
20 · Interest
total $210,882
-
22 · Depreciation, depletion and amortization
total $7,535
-
23 · Insurance
total $12,276
-
24a · Other expenses: Association Dues
total $10,640
-
24b · Other expenses: Professional Services
total $20,559
-
24c · Other expenses: All Other Expenses
total $120,000
-
24e · All other expenses
total $40,772
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $649,829 · end of year $2,025,835
-
7 · Other notes and loans receivable
beginning of year $6,683,169 · end of year $8,280,460
-
10a · Land, buildings and equipment: cost or other basis
$376,951
-
10b · Land, buildings and equipment: accumulated depreciation
$132,500
-
10c · Land, buildings and equipment, net
beginning of year $139,236 · end of year $244,451
-
12 · Investments: other securities
beginning of year $7,266,055 · end of year $3,823,212
-
15 · Other assets
beginning of year $192,539 · end of year $188,161
-
17 · Accounts payable and accrued expenses
beginning of year $3,400 · end of year $5,220
-
25 · Other liabilities
beginning of year $14,757,535 · end of year $14,531,853
-
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 $169,893 · end of year $25,046
Mission and programs · 2024
Mission
Credit Union - Mutual/Membership Benefits Program
-
Provides members with affordable source of savings and borrowing
As filed on the 2024 return.
Listed in Part VII
-
Chasity D Landry
CEO/Manager
- Total calculated
- $54,290
- From this org
- $54,290
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
-
Newlyn Soirez
Director
- Total calculated
- $0
- Hours/week
- 0
-
H Clyde Webb
Director
- Total calculated
- $0
- Hours/week
- 0
-
Clarence Moss
Director
- Total calculated
- $0
- Hours/week
- 0
-
Michael Dartez
Director
- Total calculated
- $0
- Hours/week
- 0
-
Curtis Bufford
Director
- Total calculated
- $0
- Hours/week
- 0
-
Onezime J Dore
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Nanette Baudoin
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Kirk Soileau
President
- Total calculated
- $0
- Hours/week
- 0
-
Gregory Theriot
Vice President
- Total calculated
- $0
- Hours/week
- 0
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
- 2024
- Filed
- 15 April 2025
- IRS schema version
- 2024v5.0
- Source object
- 202501059349303155
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