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Nonprofiteer
← 281 ST JAMES PARISH CREDIT UNION INC

Form 990 for tax year 2024

Filed by 281 ST JAMES PARISH CREDIT UNION INC.

Totals

Total revenue
$335,929
Total expenses
$280,736
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$267,914
Investment income
$68,015
Other revenue
$0
Total assets, end of year
$5,893,618
Total liabilities, end of year
$4,687,189
Net assets or fund balances, end of year
$1,206,429
Program services expenses (Part IX)
$280,736
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$280,736

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: LOAN INT INC

    total $258,812 · related or exempt $258,812 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: FEE INCOME

    total $2,277 · related or exempt $2,277 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: OTHER INCOME

    total $6,825 · related or exempt $6,825 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $68,015 · related or exempt $68,015 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $47,540 · program services $47,540

  • 7 · Other salaries and wages

    total $55,460 · program services $55,460

  • 9 · Other employee benefits

    total $140 · program services $140

  • 10 · Payroll taxes

    total $8,547 · program services $8,547

  • 11c · Fees: accounting

    total $41,357 · program services $41,357

  • 12 · Advertising and promotion

    total $1,776 · program services $1,776

  • 13 · Office expenses

    total $7,963 · program services $7,963

  • 14 · Information technology

    total $16,854 · program services $16,854

  • 16 · Occupancy

    total $22,271 · program services $22,271

  • 17 · Travel

    total $27 · program services $27

  • 20 · Interest

    total $55,705 · program services $55,705

  • 23 · Insurance

    total $5,520 · program services $5,520

  • 24e · All other expenses

    total $17,576 · program services $17,576

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $270 · end of year $270

  • 2 · Savings and temporary cash investments

    beginning of year $227,460 · end of year $120,355

  • 5 · Loans and receivables from officers and key people

    beginning of year $29,357 · end of year $21,586

  • 7 · Other notes and loans receivable

    beginning of year $2,959,581 · end of year $3,337,249

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,723 · end of year $15,880

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

    $242,598

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

    $205,876

  • 10c · Land, buildings and equipment, net

    beginning of year $40,940 · end of year $36,722

  • 13 · Investments: program-related

    beginning of year $2,514,156 · end of year $2,345,482

  • 15 · Other assets

    beginning of year $13,479 · end of year $16,074

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,020 · end of year $7,260

  • 22 · Loans and payables to officers and key people

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $4,674,735 · end of year $4,679,929

  • 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 $1,114,211 · end of year $1,206,429

Mission and programs · 2024

Mission

TO PROVIDE LENDING AND SAVINGS AND OTHER FINANCIAL SERVICE TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THEN AVAILABLE IN THE MARKET PLACE AND WITH SERVICE BASED EMPHASIS THE RECOGNIZE THE MEMBER

Activities or mission (Part I)

TO PROVIDE LENDING & SAVINGS & OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THEN AVAILABLE IN THE MARKET PLACE AND WITH SERVICE BASED EMPHASIS THE RECOGNIZED THE MEMBER

  • TO PROVIDE LENDING AND SAVINGS AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKET PLACE AND SERVICE BASED EMPHASIS THE RECOGNIZE THE MEMBER

    Expenses $280,736

  • TO PROVISE LENDING AND SAVINGS AND OTHER FIANANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THEN AVALIBLE IN THE MARKET PLACE AND WITH SERVICE BASED EMPHASIS THE RECOGNIZED THE MEMBER

  • TO PROVIDE LENDING AND SAVINGS AND OTHER FINANCIAL SERVICE TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THEN AVAILABLE IN THE MARKET PLACE AND WITH SERVICE BASED EMPHASIS THE RECOGNIZE THE MEMBER

As filed on the 2024 return.

Listed in Part VII

  • Debbie Schuster

    MANAGER

    Total calculated
    $47,540
    From this org
    $47,540
    From related orgs
    $0
    Other
    $0
    Hours/week
    35 + 35 related

  • Julianne Bruzina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Richard Betsch

    DIRECTOR PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Donna Bushman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Steven Bushman

    DIRECTOR TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Stephen Gemperline

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Thomas Goldschmidt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Richard Harmeyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Patrick Meehan

    DIRECTOR VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Gregory Steinmetz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Frank Wingert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Jessica Lei

    BOARD OF DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 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
2024
Filed
23 April 2025
IRS schema version
2024v5.0
Source object
202511229349302386

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