Form 990 for tax year 2024
Filed by STATE CHARTERED CREDIT UNIONS IN LOUISIANA.
Totals
- Total revenue
- $15,491,542
- Total expenses
- $15,173,782
- Contributions and grants received
- $626,888
- Grants paid
- $0
- Program service revenue
- $9,500,750
- Investment income
- $348,468
- Other revenue
- $5,015,436
- Total assets, end of year
- $173,744,140
- Total liabilities, end of year
- $149,127,809
- Net assets or fund balances, end of year
- $24,616,331
- Program services expenses (Part IX)
- $15,173,782
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $15,173,782
Program services were 100.0% 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.
-
1e · Government grants (contributions)
$626,888
-
2a · Program service revenue: Interest on Loans
total $9,500,750 · related or exempt $9,500,750
-
3 · Investment income
total $348,468 · related or exempt $348,468
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: Fee Income
total $2,120,779 · related or exempt $2,120,779
-
11b · Other revenue: Interchange Income
total $1,886,978 · related or exempt $1,886,978
-
11c · Other revenue: Other Exempt Income
total $1,007,679 · related or exempt $1,007,679
-
11e · Other revenue, total
$5,015,436
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $3,839,035 · program services $3,839,035
-
8 · Pension plan contributions
total $351,363 · program services $351,363
-
9 · Other employee benefits
total $510,339 · program services $510,339
-
10 · Payroll taxes
total $289,720 · program services $289,720
-
11b · Fees: legal
total $19,858 · program services $19,858
-
11c · Fees: accounting
total $14,926 · program services $14,926
-
11g · Fees: other
total $449,027 · program services $449,027
-
12 · Advertising and promotion
total $388,544 · program services $388,544
-
13 · Office expenses
total $123,114 · program services $123,114
-
16 · Occupancy
total $1,093,026 · program services $1,093,026
-
17 · Travel
total $11,387 · program services $11,387
-
19 · Conferences, conventions and meetings
total $102,266 · program services $102,266
-
20 · Interest
total $2,117,826 · program services $2,117,826
-
22 · Depreciation, depletion and amortization
total $549,228 · program services $549,228
-
24a · Other expenses: Provision for Loan Loss
total $1,603,801 · program services $1,603,801
-
24b · Other expenses: Miscellaneous Expense
total $565,427 · program services $565,427
-
24c · Other expenses: Servicing Expense
total $2,369,733 · program services $2,369,733
-
24d · Other expenses: Maintenance
total $301,459 · program services $301,459
-
24e · All other expenses
total $473,703 · program services $473,703
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,883,583 · end of year $8,264,655
-
2 · Savings and temporary cash investments
beginning of year $15,187,845 · end of year $13,031,143
-
4 · Accounts receivable
beginning of year $2,337,437 · end of year $2,392,535
-
5 · Loans and receivables from officers and key people
beginning of year $1,309,855 · end of year $1,109,680
-
7 · Other notes and loans receivable
beginning of year $132,361,363 · end of year $134,552,533
-
9 · Prepaid expenses and deferred charges
beginning of year $425,758
-
10a · Land, buildings and equipment: cost or other basis
$11,631,462
-
10b · Land, buildings and equipment: accumulated depreciation
$2,885,779
-
10c · Land, buildings and equipment, net
beginning of year $9,123,129 · end of year $8,745,683
-
15 · Other assets
beginning of year $6,340,508 · end of year $5,647,911
-
17 · Accounts payable and accrued expenses
beginning of year $147,900,563 · end of year $149,127,809
-
31 · Retained earnings, endowment or other funds
beginning of year $24,068,915 · end of year $24,616,331
Mission and programs · 2024
Mission
helping members with their financial needs
-
help members with financial needs
Expenses $15,173,782
As filed on the 2024 return.
Listed in Part VII
-
Chad Miller
Chief Executive Officer
- Total calculated
- $262,536
- From this org
- $249,930
- From related orgs
- $0
- Other
- $12,606
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $231,218
- Bonus
- $18,712
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $12,606
- Filer's total
- $262,536
-
Angie Bellow
Chief Administrative Officer
- Total calculated
- $153,223
- From this org
- $139,282
- From related orgs
- $0
- Other
- $13,941
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $130,752
- Bonus
- $8,530
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $13,941
- Filer's total
- $153,223
-
Shelley Flores
Chief Financial Officer
- Total calculated
- $123,822
- From this org
- $110,814
- From related orgs
- $0
- Other
- $13,008
- Hours/week
- 40
-
Linda Sterling
Chief Revenue Officer
- Total calculated
- $114,901
- From this org
- $100,960
- From related orgs
- $0
- Other
- $13,941
- Hours/week
- 40
-
Jon Georgiades
Chief Information Officer
- Total calculated
- $104,990
- From this org
- $97,565
- From related orgs
- $0
- Other
- $7,425
- Hours/week
- 0
-
Brandy Lee
Chief Operating Officer
- Total calculated
- $104,263
- From this org
- $104,263
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Christina Davis
Chief Learning Officer
- Total calculated
- $101,351
- From this org
- $101,351
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Michael Dronet
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Kevin Istre
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Donna Smith
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Gene Steech
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Renee Davis
Supervisory Committee Member
- Total calculated
- $0
- Hours/week
- 2
-
Terry Swire
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Cheyanna Glyenn
Supervisory Committee Member
- Total calculated
- $0
- Hours/week
- 2
-
Kenneth Thomas
Supervisory Committee Member
- Total calculated
- $0
- Hours/week
- 2
-
William Wilkie
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Alton Childs
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Robert Collins
Chairperson
- Total calculated
- $0
- Hours/week
- 2
-
Chris Edwards
Vice Chairperson
- Total calculated
- $0
- Hours/week
- 2
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
None.
Answered no
None.
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
- 2024
- Filed
- 13 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202521359349314452
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