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Nonprofiteer
← LOUISIANA CENTRAL CREDIT UNION

Form 990 for tax year 2024

Filed by LOUISIANA CENTRAL CREDIT UNION.

Totals

Total revenue
$880,847
Total expenses
$786,251
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$803,257
Investment income
$77,590
Other revenue
$0
Total assets, end of year
$10,627,833
Total liabilities, end of year
$9,613,266
Net assets or fund balances, end of year
$1,014,567
Program services expenses (Part IX)
$786,251
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$786,251

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.

  • 2a · Program service revenue: Interest on Loans

    total $622,114 · related or exempt $622,114

  • 2b · Program service revenue: Fee Income

    total $125,208 · related or exempt $125,208

  • 2c · Program service revenue: Other Service Revenue

    total $55,935 · related or exempt $55,935

  • 3 · Investment income

    total $77,590 · related or exempt $77,590

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $268,785 · program services $268,785

  • 11g · Fees: other

    total $51,000 · program services $51,000

  • 12 · Advertising and promotion

    total $266 · program services $266

  • 13 · Office expenses

    total $170,617 · program services $170,617

  • 16 · Occupancy

    total $54,408 · program services $54,408

  • 17 · Travel

    total $1,032 · program services $1,032

  • 20 · Interest

    total $84,929 · program services $84,929

  • 24a · Other expenses: Loan Servicing

    total $137,569 · program services $137,569

  • 24b · Other expenses: Miscellaneous

    total $17,645 · program services $17,645

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,213,380 · end of year $1,086,938

  • 7 · Other notes and loans receivable

    beginning of year $9,682,096 · end of year $8,568,215

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

    $242,320

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

    $237,516

  • 10c · Land, buildings and equipment, net

    beginning of year $7,274 · end of year $4,804

  • 12 · Investments: other securities

    beginning of year $996,000 · end of year $747,000

  • 15 · Other assets

    beginning of year $232,142 · end of year $220,876

  • 17 · Accounts payable and accrued expenses

    beginning of year $131,378 · end of year $46,383

  • 25 · Other liabilities

    beginning of year $10,916,414 · end of year $9,566,883

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $1,083,100 · end of year $1,014,567

Mission and programs · 2024

Mission

See schedule O5 - General Explanation

  • The credit union achieved program service success through initiatives focused on financial education, community development, and member support.

    Expenses $786,251

As filed on the 2024 return.

Listed in Part VII

  • Rose Orgeron

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Stephanie Prunty

    Chairperson

    Total calculated
    $0
    Hours/week
    0.3

  • Connie Kennelly

    Vice-Chairperson

    Total calculated
    $0
    Hours/week
    0.3

  • Effie Chaison

    Financial Officer

    Total calculated
    $0
    Hours/week
    0.3

  • Greg Rupert

    Treasurer

    Total calculated
    $0
    Hours/week
    0.3

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
18 July 2025
IRS schema version
2024v5.2
Source object
202542329349300834

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