Form 990 for tax year 2025
Filed by STATE CHARTERED CREDIT UNIONS IN LOUISIANA.
Totals
- Total revenue
- $1,630,419
- Total expenses
- $1,477,585
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,272,263
- Investment income
- $271,010
- Other revenue
- $87,146
- Total assets, end of year
- $31,744,401
- Total liabilities, end of year
- $27,423,680
- Net assets or fund balances, end of year
- $4,320,721
- Program services expenses (Part IX)
- $1,477,585
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,477,585
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 from Loans
total $1,136,050 · related or exempt $1,136,050
-
2b · Program service revenue: Fee Income
total $136,213 · related or exempt $136,213
-
3 · Investment income
total $271,010 · related or exempt $271,010
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: Other Operating Income
total $1,031 · related or exempt $1,031
-
11b · Other revenue: Other NonInterest Incom
total $86,115 · related or exempt $86,115
-
11e · Other revenue, total
$87,146
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $438,062 · program services $438,062
-
9 · Other employee benefits
total $82,701 · program services $82,701
-
10 · Payroll taxes
total $27,732 · program services $27,732
-
11b · Fees: legal
total $20,387 · program services $20,387
-
11c · Fees: accounting
total $9,589 · program services $9,589
-
11g · Fees: other
total $9,783 · program services $9,783
-
12 · Advertising and promotion
total $1,235 · program services $1,235
-
13 · Office expenses
total $47,475 · program services $47,475
-
14 · Information technology
total $12,707 · program services $12,707
-
16 · Occupancy
total $6,990 · program services $6,990
-
17 · Travel
total $11,471 · program services $11,471
-
19 · Conferences, conventions and meetings
total $100 · program services $100
-
20 · Interest
total $359,416 · program services $359,416
-
22 · Depreciation, depletion and amortization
total $40,250 · program services $40,250
-
23 · Insurance
total $26,760 · program services $26,760
-
24a · Other expenses: Provision for Loan Loss
total $45,685 · program services $45,685
-
24b · Other expenses: ATM Fees
total $201,412 · program services $201,412
-
24c · Other expenses: Operating fees
total $114,741 · program services $114,741
-
24d · Other expenses: Miscellaneous
total $11,637 · program services $11,637
-
24e · All other expenses
total $9,452 · program services $9,452
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,227,262 · end of year $1,213,795
-
5 · Loans and receivables from officers and key people
beginning of year $184,114 · end of year $174,670
-
7 · Other notes and loans receivable
beginning of year $17,695,605 · end of year $17,885,462
-
10a · Land, buildings and equipment: cost or other basis
$1,154,119
-
10b · Land, buildings and equipment: accumulated depreciation
$1,018,891
-
10c · Land, buildings and equipment, net
beginning of year $153,710 · end of year $135,228
-
12 · Investments: other securities
beginning of year $10,704,755 · end of year $11,927,118
-
15 · Other assets
beginning of year $411,453 · end of year $408,128
-
17 · Accounts payable and accrued expenses
beginning of year $39,182 · end of year $121,016
-
25 · Other liabilities
beginning of year $26,118,640 · end of year $27,302,664
-
31 · Retained earnings, endowment or other funds
beginning of year $4,219,077 · end of year $4,320,721
Mission and programs · 2025
Mission
To provide affordable financial services to the members.
-
To provide affordable financial services to the members.
Expenses $1,477,585
As filed on the 2025 return.
Listed in Part VII
-
Janet McDaniel
Former CEO
- Total calculated
- $163,125
- From this org
- $155,118
- From related orgs
- $0
- Other
- $8,007
- Hours/week
- 40
Schedule J breakdown matched by us · ignoring case and punctuation
- Base
- $155,118
- Bonus
- not reported
- Other
- not reported
- Deferred
- $6,160
- Nontaxable benefits
- $1,847
- Filer's total
- $163,125
-
Candi Connella
CEO
- Total calculated
- $68,171
- From this org
- $68,171
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Robert Despino
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Rodney Feazell
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Jim Atkins
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Glen Beard
Vice Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth Ann Brewer
Secretary Treasurer
- 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
- 2025
- Filed
- 26 May 2026
- IRS schema version
- 2025v4.1
- Source object
- 202621609349301602
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