2018-06-15T08:25:59-05:00 2017-12-31 721202445 POSTLETHWAITE & NETTERVILLE 8550 UNITED PLAZA BLVD SUITE 1001 BATON ROUGE LA 70809 990 2017-01-01 720454922 SOUTHWEST LOUISIANA CREDIT UNION SOUT 3374779190 4056 RYAN STREET LAKE CHARLES LA 70605 RONALDO HARDY CHIEF EXECUTIVE OFFICER 3374779190 2018-05-31 1 DAVID EDMOND P01086254 2259224600 2017 2022-09-23 18:48:47Z RONALDO HARDY 4056 RYAN STREET LAKE CHARLES LA 70605 8385570 0 X WWW.SWLACU.COM X 1952 LA HELPING MEMBERS WITH THEIR FINANCIAL NEEDS 8 2 50 11 8750 -3306 0 0 4499829 4515094 320892 386339 3015599 3484137 7836320 8385570 0 0 0 0 2663491 2839930 0 0 0 4625846 4680238 7289337 7520168 546983 865402 96798237 96876482 83748824 83102783 13049413 13773699 HELP MEMBERS WITH FINANCIAL NEEDS 0 0 ENCOURAGE THRIFT AMONG THE MEMBERS MAKE MEMBER-LOANS AT REASONABLE RATES PAY A FAIR RATE OF RETURN ON MEMBER-SAVINGS 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 3042 0 1 50 1 1 1 0 0 0 0 0 0 0 X 8 2 0 0 0 0 1 1 1 1 1 0 1 1 1 1 0 0 0 1 0 0 0 LA X THE ORGANIZATION 3374779190 4056 RYAN STREET LAKE CHARLES LA 70605 MICHAEL DRONET CHAIRPERSON 2.00 X X 0 0 0 KEVIN ISTRE VICE CHAIRPERSON 2.00 X X 0 0 0 WILLIAM WILKIE BOARD TREASURER 2.00 X X 0 0 0 BETTY MITCHELL BOARD SECRETARY 2.00 X X 0 0 0 ROBERT COLLINS BOARD MEMBER 2.00 X 0 0 0 DONNA SMITH BOARD MEMBER 2.00 X 0 0 0 GENE STEECH BOARD MEMBER 2.00 X 0 0 0 ALTON CHILDS BOARD MEMBER 2.00 X 0 0 0 CHRIS EDWARDS SUPERVISORY COMMITTEE CHAIRPERSON 2.00 X 0 0 0 ALLEN ABSHIRE SUPERVISORY COMMITTEE MEMBER 2.00 X 0 0 0 CHARLES BENNETT SUPERVISORY COMMITTEE MEMBER 2.00 X 0 0 0 RONALDO HARDY CHIEF EXECUTIVE OFFICER 40.00 X 157320 0 0 ANGIE BELLOW CHIEF ADMINISTRATIVE OFFICER 40.00 X 101530 0 0 258850 0 0 2 0 1 0 TRANSFUND PO BOX 2300 TULSA OK 74192 ATM SUPPORT AND CASH MANAGEMENT SERVICES 388541 FISERV 1600 CROOKS ROAD SUITE 101 TROY MI 48098 CORE PROCESSOR 361298 O'CARROLL MARKETING GROUP 125 JEFFERSON DR LAKE CHARLES LA 70605 MARKETING FIRM COMMERCIALS, BILLBOARDS, 225761 INFOTECH 204 FOUR PARK RD LAFAYETTE LA 70507 IT SERVICE PROVIDER 111477 BANCVUE 4516 SEATON CENTER SUITE 300 AUSTIN TX 78759 KASASA CHECKING PRODUCT AND WEBSITE HOST 110674 5 INTEREST ON LOANS 522100 4515094 4515094 4515094 386339 386339 COURTESY PAY FEES 522100 1261884 1261884 OTHER EXEMPT INCOME 524298 1172121 1172121 SHARE DRAFT FEES 522100 427784 427784 622348 613598 8750 3484137 8385570 7990481 8750 386339 X 579807 1515666 581870 162587 70844 56724 2327 805237 316617 104341 538911 174559 8995 75723 364702 257490 72090 PROVISION FOR LOAN LOSS 1104571 MISCELLANEOUS EXPENSES 272503 OPERATIONS EXPENSE 190328 MAINTENANCE 185473 78803 7520168 4851412 7021804 30175000 22792797 58210724 63592906 312845 340760 5431527 2409740 3089207 3021787 159049 106428 96798237 96876482 83748824 83102783 83748824 83102783 X 0 0 0 0 13049413 13773699 13049413 13773699 96798237 96876482 865402 -141116 0 X X 0 1 X 1 0 754364 754364 3093348 1247434 1845914 1583815 1162306 421509 3021787 X 8385570 0 8385570 0 8385570 7520168 0 7520168 0 7520168 PART X, LINE 2: THERE ARE NO AMOUNTS ACCRUED OR NECESSARY RELATED TO UNCERTAIN TAX POSITIONS. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL, STATE OR LOCAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2014. X X 0 0 0 RONALDO HARDY CHIEF EXECUTIVE OFFICER 141960 0 15360 0 0 0 0 0 0 0 157320 0 0 0 PART I, LINE 6 THE CEO RECEIVES A BONUS BASED ON THE RECOMMENDATIONS OF THE BOARD OF DIRECTORS AFTER REVIEW OF CURRENT YEAR'S PERFORMANCE. ROBERT COLLINS BOARD MEMBER REFINANCE CAR X 45000 15349 0 1 1 ROBERT COLLINS BOARD MEMBER REAL ESTATE X 221904 201064 0 1 1 ROBERT COLLINS BOARD MEMBER REAL ESTATE X 100000 99367 0 1 1 BETTY MITCHELL BOARD MEMBER PERSONAL X 2500 42 0 1 1 BETTY MITCHELL BOARD MEMBER NEW AUTO X 39705 36018 0 1 1 MICHAEL DRONET BOARD MEMBER MOTORCYCLE X 17662 1298 0 1 1 MICHAEL DRONET BOARD MEMBER REAL ESTATE X 48790 44318 0 1 1 MICHAEL DRONET BOARD MEMBER AUTO REPAIR X 9783 8332 0 1 1 MICHAEL DRONET BOARD MEMBER RECREATIONAL EQUIPMENT X 11645 10830 0 1 1 KEVIN ISTRE BOARD MEMBER PERSONAL X 20108 14010 0 1 1 KEVIN ISTRE BOARD MEMBER USED AUTO X 26922 24693 0 1 1 KEVIN ISTRE BOARD MEMBER REAL ESTATE X 125375 123226 0 1 1 JAMES CHILDS JR BOARD MEMBER PERSONAL X 30310 14665 0 1 1 DONNA SMITH BOARD MEMBER CONSOLIDATE DEBT X 17250 16748 0 1 1 CHRIS EDWARDS SUPERVISORY COMMITTEE MEMBER MISCELLANEOUS X 8000 7720 0 1 1 LINDA STERLING CCO CONSOLIDATE DEBT X 25936 24171 0 1 1 LINDA STERLING CCO REFINANCE CAR X 8625 6439 0 1 1 648290 FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES PROVIDE HELPFUL MEMBER FINANCIAL SERVICES FORM 990, PART VI, SECTION A, LINE 6 SWLACU IS A STATE CHARTERED CREDIT UNION AND AS STATED IN ITS BYLAWS, IT IS MADE UP OF ITS MEMBER OWNERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF DIRECTORS SERVE STAGGERED TERMS THAT ARE UP FOR ELECTION EVERY THREE YEARS. FORM 990, PART VI, SECTION A, LINE 7B DUE TO THE AT LARGE ELECTION PROCESS THAT THE GOVERNING BODY IS SUBJECT TO, THEY ARE ACCOUNTABLE TO THE MEMBERSHIP AS A WHOLE. FORM 990, PART VI, SECTION B, LINE 11B THE PREPARATION OF FORM 990 IS COMPLETED BY OUR AUDITORS, POSTLETHWAITE & NETTERVILLE, APAC, USING DOCUMENTING EVIDENCE PROVIDED BY SOUTHWEST LOUISIANA CREDIT UNION. UPON COMPLETION OF THE FORM IT IS RETURNED TO THE MANAGEMENT TEAM FOR REVIEW. AFTER A SATISFACTORY REVIEW, THE FORM IS SIGNED AND SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION IS AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES 805,237. FORM 990, PART XII, LINE 2C: THERE IS A DESIGNATED AUDIT COMMITTEE, MADE UP OF SEVERAL BOARD MEMBERS. HOWEVER, THE FULL BOARD IS RESPONSIBLE FOR SELECTION OF AUDITORS.