Form 990 for tax year 2025
Filed by STATE CHARTERED CREDIT UNIONS IN LOUISIANA.
Totals
- Total revenue
- $3,591,181
- Total expenses
- $2,389,765
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,490,425
- Investment income
- $1,100,756
- Other revenue
- $0
- Total assets, end of year
- $71,819,438
- Total liabilities, end of year
- $58,338,473
- Net assets or fund balances, end of year
- $13,480,965
- Program services expenses (Part IX)
- $2,190,397
- Management and general expenses
- $199,367
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $2,190,397
Program services were 91.7% 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 TO MEMBERS
total $2,251,119 · related or exempt $2,251,119
-
2b · Program service revenue: OTHER CHARGES/FEES TO MEMBERS
total $239,306 · related or exempt $239,306
-
3 · Investment income
total $1,100,756 · related or exempt $1,100,756
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $177,679 · management and general $177,679
-
6 · Compensation of disqualified persons
total $283,831 · program services $283,830
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $41,894 · program services $33,799 · management and general $8,095
-
9 · Other employee benefits
total $32,976 · program services $32,976
-
10 · Payroll taxes
total $32,598 · program services $19,005 · management and general $13,593
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $8,809 · program services $8,809
-
11c · Fees: accounting
total $33,117 · program services $33,117
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $67,707 · program services $67,707
-
14 · Information technology
total $186,013 · program services $186,013
-
15 · Royalties
total $0
-
16 · Occupancy
total $88,196 · program services $88,196
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $9,321 · program services $9,321
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $13,914 · program services $13,914
-
23 · Insurance
total $34,350 · program services $34,350
-
24a · Other expenses: DIVIDENDS
total $1,145,259 · program services $1,145,259
-
24b · Other expenses: LOAN SERVICING EXPENSE
total $202,301 · program services $202,301
-
24c · Other expenses: OFI EXAMINATION FEES
total $21,000 · program services $21,000
-
24d · Other expenses: LEAGUE DUES
total $10,800 · program services $10,800
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $17,009,754 · end of year $18,808,733
-
7 · Other notes and loans receivable
beginning of year $38,942,083 · end of year $39,555,269
-
9 · Prepaid expenses and deferred charges
beginning of year $300 · end of year $300
-
10a · Land, buildings and equipment: cost or other basis
$1,152,984
-
10b · Land, buildings and equipment: accumulated depreciation
$204,981
-
10c · Land, buildings and equipment, net
beginning of year $961,917 · end of year $948,003
-
12 · Investments: other securities
beginning of year $10,328,614 · end of year $10,938,693
-
15 · Other assets
beginning of year $647,389 · end of year $1,568,440
-
17 · Accounts payable and accrued expenses
beginning of year $568,562 · end of year $372,371
-
25 · Other liabilities
beginning of year $55,041,946 · end of year $57,966,102
-
31 · Retained earnings, endowment or other funds
beginning of year $12,279,549 · end of year $13,480,965
Mission and programs · 2025
Mission
PROVIDE AFFORDABLE FINANCIAL SERVICES FOR THE 2707 MEMBERS
Activities or mission (Part I)
TO PROVIDE AFFORDABLE FINANCIAL SERVICES TO 2707 MEMBERS
-
PROVIDING THE 2707 MEMBERS WITH AFFORDABLE SOURCE OF FINANCIAL SERVICES
Expenses $2,190,397 · Revenue $3,591,181
As filed on the 2025 return.
Listed in Part VII
-
Bobby CannonBOBBY CANNON
CEO
- Total calculated
- $92,121
- From this org
- $92,121
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 40 related
-
Eloyce McLungELOYCE MCLUNG
ASST CEP
- Total calculated
- $85,558
- From this org
- $85,558
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 40 related
-
James E PopeJAMES E POPE
BD MBR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Richard ParkerRICHARD PARKER
BD MBR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Dwayne TasbyDWAYNE TASBY
BD MBR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Lance ParkerLANCE PARKER
BD MBR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Carlos StewardCARLOS STEWARD
BD MBR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
R A ParkerR A PARKER
BD MBR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Kenneth ConlyKENNETH CONLY
SEC/TREASURE
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Cedric WhiteCEDRIC WHITE
V/CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
William T HowardWILLIAM T HOWARD
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2 + 2 related
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
- 2025
- Filed
- 19 February 2026
- IRS schema version
- 2025v4.0
- Source object
- 202620509349301242
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