2015-11-16T16:47:01-07:00 2014-12-31 710916855 TaxSmart LLC P O Box 83777 Baton Rouge LA 70884 990 2014-01-01 720291035 Post Office Employees Credit Union POST 5048856871 4624 West Napoleon Avenue Metairie LA 70001 Sidney Parfait CEO 5048856871 2015-11-16 1 R James Ray P00324873 2259077041 2015-11-16 X 2014 2016-03-07 17:11:31Z Sidney Parfait 4624 West Napoleon Avenue Metairie LA 70001 1801032 0 X www.poecu.org X 1924 LA To provide financial services (loans, savings, credit cards, share drafts, certificates of deposit, etc.) to its members at competitive rates. 9 9 15 3 0 0 0 1200303 1037558 199886 533663 563588 1733966 1801032 0 0 702326 717597 0 0 1059848 1009985 1762174 1727582 -28208 73450 24709396 24319861 21890961 21407736 2818435 2912125 To provide credit union members with financial products (loans, savings, credit cards, certificates of deposit, checking accounts, etc.) at competitive rates. 0 0 1727582 1801032 To provide credit union members with a variety of financial products at competitive rates. 0 0 0 1727582 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4439 0 1 15 1 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X Sidney Parfait 5048856871 4624 West Napoleon Avenue Metairie LA 70001 Charles Holdeman BOD Chairman 1 0 X 0 0 0 Louis P Adams BOD Vice Chairman 1 0 X 0 0 0 Michael Shillington BOD Treasurer 1 0 X 0 0 0 Sidney Parfait CEO 40 0 X X X X 102970 0 0 Terry Kennard BOD 1 0 X 0 0 0 Sharyn Taquino BOD 1 0 X 0 0 0 Pamela Majoue BOD 1 0 X 0 0 0 Keith Adams BOD 1 0 X 0 0 0 Marvin Silver BOD 1 0 X 0 0 0 102970 0 0 1 0 0 0 1 0 Acct 110 Interest on Loans 522130 1037558 1037558 0 0 0 0 0 0 1037558 199886 199886 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Acct 131 Fee Income 522130 448902 448902 0 0 Acct 659 Other Operating Income 522130 114686 114686 0 0 0 0 0 0 563588 1801032 1801032 0 0 717597 16800 53329 510325 223523 23274 65905 870 Acct 300 Provision for Loan Losses 25500 Acct 280 Loan Servicing 66217 Acct 320 Operating Fees 10000 Acct 360 Miscellaneous Operating Expenses 14242 1727582 0 0 0 1603244 858561 9561960 468089 12190996 12834020 708323 0 724248 708323 8669329 628948 781539 24709396 24319861 295565 316641 21595396 21091095 21890961 21407736 X 0 0 0 0 2818435 2912125 2818435 2912125 24709396 24319861 73450 0 0 0 20240 0 X 0 1 X 1 0 0 0 0 599732 0 0 599732 0 0 0 0 0 0 0 0 108591 0 0 108591 708323 Acct 797E Available for Sale Securities 1694428 C Acct 796E Held to Maturity Securities 895704 C Acct 744C Deposits in Commercial Banks, etc 3259000 C Acct 672C Investments in natural persons cu 1646882 C Acct 769A Membership capital at corporate cu 30536 C Acct 766E All Other Investments 1142779 C 8669329 Acct 902 Share Drafts 2062340 Acct 657 Regular Shares 15391794 Acct 908C Share Certificates 3636961 21091095 Form 990, Part VI, Section A, Line 6 Credit union members are the owners of the credit union. Form 990, Part VI, Section A, Line 7a Credit union members are the owners of the credit union. Any member, of legal age, in good standing with the credit union, is eligible to run for election to the Board of Directors at the credit union's annual meeting. Form 990, Part VI, Section B, Line 11b The credit union's contract internal auditor prepares Form 990 for e-filing. Before submission, it is reviewed by the Board of Directors, the Supervisory Audit Committee, senior management, and (if deemed appropriate) legal counsel. Once approved, it is e-filed with IRS. Form 990, Part VI, Section B, Line 12c The CEO, Board of Directors, and the Supervisory Audit Committee monitor compliance with the conflict of interests policy. Form 990, Part VI, Section B, Line 15 The Board of Directors hires the CEO, defines duties, and sets compensation. Salary surveys, inquiry of what surrounding credit unions pay their CEOs, and state league pay schedules assist the BOD in setting the CEOs salary. The BOD adopts an annual operating budget, which includes compensation to subordinates to the CEO. The CEO defines job responsibilities and pay ranges for these employees, as well as performing annual job evaluation and compensation. Form 990, Part VI, Section C, Line 19 An interested party submits a written request to the CEO, specifying what documents are being requested (Form 990, policies, etc.) This request is reviewed by the Board of Directors, the Supervisory Audit Committee, senior management, and - where appropriate - legal counsel and regulators. Assuming approval, and assurances privacy concerns are addressed, the requested information is made available. A timely extension was filed extending due date to 11-15-15. In 2015, November 15 fell on a Sunday. Accordingly, the extension deadline becomes 11-16-15.