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← STATE CHARTERED CREDIT UNIONS IN LOUISIANA

Form 990 for tax year 2025

Filed by STATE CHARTERED CREDIT UNIONS IN LOUISIANA.

Totals

Total revenue
$1,131,814
Total expenses
$889,395
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$185,185
Other revenue
$946,629
Total assets, end of year
$22,573,030
Total liabilities, end of year
$91,717
Net assets or fund balances, end of year
$22,481,313
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$889,395

Program services were 0.0% 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.

  • 3 · Investment income

    total $185,185 · related or exempt $185,185

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: CREDIT UNION

    total $867,076 · related or exempt $867,076

  • 11b · Other revenue: CREDIT UNION

    total $79,553 · related or exempt $79,553

  • 11e · Other revenue, total

    $946,629

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $126,831

  • 7 · Other salaries and wages

    total $191,314

  • 8 · Pension plan contributions

    total $32,282

  • 9 · Other employee benefits

    total $19,222

  • 10 · Payroll taxes

    total $26,964

  • 11b · Fees: legal

    total $6,164

  • 11c · Fees: accounting

    total $31,554

  • 12 · Advertising and promotion

    total $896

  • 13 · Office expenses

    total $44,679

  • 14 · Information technology

    total $101,322

  • 16 · Occupancy

    total $22,024

  • 22 · Depreciation, depletion and amortization

    total $24,125

  • 23 · Insurance

    total $12,669

  • 24a · Other expenses: DIVIDENDS PAID TO MEMBERS

    total $116,851

  • 24b · Other expenses: PROVISION FOR LOAN LOSSES

    total $100,000

  • 24c · Other expenses: PROFESSIONAL & OUTSIDE SE

    total $16,794

  • 24d · Other expenses: LOAN SERVICING

    total $9,941

  • 24e · All other expenses

    total $5,763

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $386,842 · end of year $239,823

  • 2 · Savings and temporary cash investments

    beginning of year $5,436,574 · end of year $6,917,424

  • 3 · Pledges and grants receivable

    beginning of year $15,402,776 · end of year $15,051,480

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,694 · end of year $19,755

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

    $723,961

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

    $563,410

  • 10c · Land, buildings and equipment, net

    beginning of year $180,304 · end of year $160,551

  • 15 · Other assets

    beginning of year $195,063 · end of year $183,997

  • 17 · Accounts payable and accrued expenses

    beginning of year $154,556 · end of year $91,717

  • 27 · Net assets without donor restrictions

    beginning of year $14,474,886 · end of year $15,248,083

  • 28 · Net assets with donor restrictions

    beginning of year $6,990,811 · end of year $7,233,230

Mission and programs · 2025

Mission

STATE CHARTERED CREDIT UNION THAT SERVES MEMBERS IN THE 712 ZIP CODE AREA.

Activities or mission (Part I)

STATE CHARTERED CREDIT UNION THAT SERVES MEMBERS IN THE 712 ZIP CODE AREA

  • SERVE MEMBERS IN THE 712 ZIP CODE AREA.

    Expenses $889,395 · Revenue $1,131,814

As filed on the 2025 return.

Listed in Part VII

  • Sharon Hester

    MANAGER

    Total calculated
    $126,831
    From this org
    $126,831
    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
2025
Filed
9 April 2026
IRS schema version
2025v4.0
Source object
202610999349301141

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