Form 990 for tax year 2024
Filed by STATE CHARTERED CREDIT UNIONS IN LOUISIANA.
Totals
- Total revenue
- $1,747,321
- Total expenses
- $1,643,833
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,162,646
- Investment income
- $584,675
- Other revenue
- $0
- Total assets, end of year
- $21,765,838
- Total liabilities, end of year
- $12,762,059
- Net assets or fund balances, end of year
- $9,003,779
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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 M
total $1,162,646 · related or exempt $1,162,646
-
3 · Investment income
total $584,675 · excluded $584,675
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $191,575
-
7 · Other salaries and wages
total $70,625
-
9 · Other employee benefits
total $64,961
-
10 · Payroll taxes
total $24,531
-
11b · Fees: legal
total $5,250
-
11c · Fees: accounting
total $41,351
-
13 · Office expenses
total $22,904
-
14 · Information technology
total $6,876
-
16 · Occupancy
total $14,817
-
19 · Conferences, conventions and meetings
total $5,760
-
20 · Interest
total $1,170,909
-
22 · Depreciation, depletion and amortization
total $1,783
-
23 · Insurance
total $129
-
24a · Other expenses: EXAMINATIONS FEES
total $10,000
-
24b · Other expenses: SURETY BOND PREMIUM
total $8,628
-
24c · Other expenses: BANK SERVICE CHARGE
total $2,044
-
24d · Other expenses: PARKING EXPENSE
total $1,690
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $221,231 · end of year $5,380
-
2 · Savings and temporary cash investments
beginning of year $13,046,990 · end of year $13,675,810
-
5 · Loans and receivables from officers and key people
beginning of year $40,460 · end of year $42,870
-
7 · Other notes and loans receivable
beginning of year $7,862,995 · end of year $7,857,393
-
10a · Land, buildings and equipment: cost or other basis
$52,370
-
10b · Land, buildings and equipment: accumulated depreciation
$49,301
-
10c · Land, buildings and equipment, net
beginning of year $2,554 · end of year $3,069
-
15 · Other assets
beginning of year $0 · end of year $181,316
-
17 · Accounts payable and accrued expenses
beginning of year $958,389 · end of year $1,170,909
-
25 · Other liabilities
beginning of year $11,315,550 · end of year $11,591,150
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $8,900,291 · end of year $9,003,779
Mission and programs · 2024
Mission
THE NEW ORLEANS POLICE DEPARTMENT EMPLOYEES' CREDIT UNION IS A STATE CHARTERED CREDIT UNION ORGANIZED FOR THE PURPOSE OF PROVIDING SAVINGS AND CREDIT LENDING OPPORTUNITIES TO EMPLOYEES OF THE NEW ORLEANS POLICE DEPARTMENT. IT POSSESSES ALL RIGHTS AND POWERS OF AND IS SUBJECT TO THE OPERATING REGULATIONS OF CREDIT UNIONS UNDER STATUTES OF THE STATE OF LOUISIANA.
Activities or mission (Part I)
PROVIDE SAVINGS AND CREDIT LENDING OPPORTUNITIES TO EMPLOYEES OF THE NEW ORLEANS POLICE DEPARTMENT.
-
PROVIDE SAVINGS AND CREDIT LENDING OPPORTUNITIES TO EMPLOYEES OF THE NEW ORLEANS POLICE DEPARTMENT.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael O EllingtonMICHAEL O ELLINGTON
PRESIDENT
- Total calculated
- $68,700
- From this org
- $68,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Kenneth MaesKENNETH MAES
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Robert Oehlke JrROBERT OEHLKE JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Wayne KreiderWAYNE KREIDER
BOARD MEMBER
- Total calculated
- $52,875
- From this org
- $52,875
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Bernard CrowdenBERNARD CROWDEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
John WeberJOHN WEBER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mark MornayMARK MORNAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Sidney GaraudySIDNEY GARAUDY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Don KinnyDON KINNY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Terrence Duffy SrTERRENCE DUFFY SR
CEO/SECRETARY-TREASURER
- Total calculated
- $70,000
- From this org
- $70,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
- 9 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202511929349301006
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