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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
$14,677,259
Total expenses
$13,811,885
Contributions and grants received
$481,535
Grants paid
$0
Program service revenue
$8,612,353
Investment income
$382,705
Other revenue
$5,200,666
Total assets, end of year
$171,969,478
Total liabilities, end of year
$147,900,563
Net assets or fund balances, end of year
$24,068,915
Program services expenses (Part IX)
$13,811,885
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$13,811,885

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.

  • 1f · All other contributions, gifts and grants

    $481,535

  • 2a · Program service revenue: Interest on Loans

    total $8,612,353 · related or exempt $8,612,353

  • 3 · Investment income

    total $382,705 · related or exempt $382,705

  • 11a · Other revenue: Fee Income

    total $2,598,969 · related or exempt $2,598,969

  • 11b · Other revenue: Interchange Income

    total $1,855,257 · related or exempt $1,855,257

  • 11c · Other revenue: Other Exempt Income

    total $746,440 · related or exempt $746,440

  • 11e · Other revenue, total

    $5,200,666

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $4,041,809 · program services $4,041,809

  • 8 · Pension plan contributions

    total $481,928 · program services $481,928

  • 9 · Other employee benefits

    total $492,818 · program services $492,818

  • 10 · Payroll taxes

    total $309,515 · program services $309,515

  • 11b · Fees: legal

    total $25,513 · program services $25,513

  • 11c · Fees: accounting

    total $15,740 · program services $15,740

  • 11g · Fees: other

    total $432,059 · program services $432,059

  • 12 · Advertising and promotion

    total $416,525 · program services $416,525

  • 13 · Office expenses

    total $110,703 · program services $110,703

  • 16 · Occupancy

    total $884,254 · program services $884,254

  • 17 · Travel

    total $10,516 · program services $10,516

  • 19 · Conferences, conventions and meetings

    total $150,144 · program services $150,144

  • 20 · Interest

    total $1,417,178 · program services $1,417,178

  • 22 · Depreciation, depletion and amortization

    total $515,241 · program services $515,241

  • 24a · Other expenses: Provision for Loan Loss

    total $1,538,132 · program services $1,538,132

  • 24b · Other expenses: Miscellaneous Expense

    total $291,897 · program services $291,897

  • 24c · Other expenses: Servicing Expense

    total $2,145,289 · program services $2,145,289

  • 24d · Other expenses: Maintenance

    total $260,994 · program services $260,994

  • 24e · All other expenses

    total $271,630 · program services $271,630

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,455,747 · end of year $4,883,583

  • 2 · Savings and temporary cash investments

    beginning of year $19,640,508 · end of year $15,187,845

  • 4 · Accounts receivable

    beginning of year $2,333,247 · end of year $2,337,437

  • 5 · Loans and receivables from officers and key people

    beginning of year $855,684 · end of year $1,309,855

  • 7 · Other notes and loans receivable

    beginning of year $127,283,430 · end of year $132,361,363

  • 9 · Prepaid expenses and deferred charges

    beginning of year $382,681 · end of year $425,758

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

    $11,946,280

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

    $2,823,151

  • 10c · Land, buildings and equipment, net

    beginning of year $8,863,610 · end of year $9,123,129

  • 15 · Other assets

    beginning of year $4,276,665 · end of year $6,340,508

  • 17 · Accounts payable and accrued expenses

    beginning of year $148,584,299 · end of year $147,900,563

  • 31 · Retained earnings, endowment or other funds

    beginning of year $23,507,273 · end of year $24,068,915

Mission and programs · 2023

Mission

helping members with their financial needs

  • help members with financial needs

    Expenses $13,811,885

As filed on the 2023 return.

Listed in Part VII

  • Chad Miller

    Chief Executive Officer

    Total calculated
    $250,903
    From this org
    $250,903
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,903
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $250,903

  • Angie Bellow

    Chief Administrative Officer

    Total calculated
    $136,518
    From this org
    $136,518
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Shelley Flores

    Chief Financial Officer

    Total calculated
    $108,309
    From this org
    $108,309
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Brandy Lee

    Chief Operating Officer

    Total calculated
    $101,923
    From this org
    $101,923
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Christina Davis

    Chief Learning Officer

    Total calculated
    $99,795
    From this org
    $99,795
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Linda Sterling

    Chief Revenue Officer

    Total calculated
    $99,257
    From this org
    $99,257
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Terry Swire

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Kenneth Thomas

    Supervisory Committee Member

    Total calculated
    $0
    Hours/week
    2

  • Cheyanna Glyenn

    Supervisory Committee Member

    Total calculated
    $0
    Hours/week
    2

  • Donna Smith

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Kevin Istre

    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

  • Michael Dronet

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • William Wilkie

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Robert Collins

    Chairperson

    Total calculated
    $0
    Hours/week
    2

  • Alton Childs

    Secretary

    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
2023
Filed
7 May 2024
IRS schema version
2023v5.0
Source object
202431319349302258

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