STATE CHARTERED CREDIT UNIONS IN LOUISIANA: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization: STATE CHARTERED CREDIT UNIONS IN LOUISIANA (EIN 72-0454922)
Tax period: 2014-01-01 to 2014-12-31
Filed: 2015-11-16
IRS object ID: 201533209349304813
Schema version: 2014v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2015-11-16T10:47:52-06:00	ReturnTs
Tax Period End	2014-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	721202445	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	POSTLETHWAITE & NETTERVILLE	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	8550 UNITED PLAZA BLVD SUITE 1001	AddressLine1Txt
City	BATON ROUGE	CityNm
State Abbreviation	LA	StateAbbreviationCd
ZIP	70809	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2014-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	720454922	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SOUTHWEST LOUISIANA CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	SOUT	BusinessNameControlTxt
Phone	3374779190	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4056 RYAN STREET	AddressLine1Txt
City	LAKE CHARLES	CityNm
State Abbreviation	LA	StateAbbreviationCd
ZIP	70605	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JIM GIFFIN	PersonNm
Person Title	CHIEF EXECUTIVE OFFICER	PersonTitleTxt
Phone	3374779190	PhoneNum
Signature	2015-11-16	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DAVID EDMOND	PreparerPersonNm
PTIN	P01086254	PTIN
Phone	2259224600	PhoneNum

Field	Value	IRS element (for citing)
Tax	2014	TaxYr
Build TS	2016-04-25 22:37:26Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	JIM GIFFIN	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4056 RYAN STREET	AddressLine1Txt
City	LAKE CHARLES	CityNm
State Abbreviation	LA	StateAbbreviationCd
ZIP	70605	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$7,673,703	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.SWLACU.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1952	FormationYr
Legal Domicile State	LA	LegalDomicileStateCd
Activity Or Mission	HELPING MEMBERS WITH THEIR FINANCIAL NEEDS	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	1	VotingMembersIndependentCnt
Total Employee	57	TotalEmployeeCnt
Total Volunteers	12	TotalVolunteersCnt
Total Gross UBI	$16,200	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	-$4,884	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$4,169,479	PYProgramServiceRevenueAmt
CY Program Service Revenue	$4,725,955	CYProgramServiceRevenueAmt
PY Investment Income	$80,115	PYInvestmentIncomeAmt
CY Investment Income	$105,759	CYInvestmentIncomeAmt
PY Other Revenue	$2,398,655	PYOtherRevenueAmt
CY Other Revenue	$2,841,989	CYOtherRevenueAmt
PY Total Revenue	$6,648,249	PYTotalRevenueAmt
CY Total Revenue	$7,673,703	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$2,024,138	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$2,306,393	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$3,258,162	PYOtherExpensesAmt
CY Other Expenses	$3,837,955	CYOtherExpensesAmt
PY Total Expenses	$5,282,300	PYTotalExpensesAmt
CY Total Expenses	$6,144,348	CYTotalExpensesAmt
PY Revenues Less Expenses	$1,365,949	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$1,529,355	CYRevenuesLessExpensesAmt
Total Assets BOY	$74,308,620	TotalAssetsBOYAmt
Total Assets EOY	$80,445,065	TotalAssetsEOYAmt
Total Liabilities BOY	$64,852,983	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$69,460,073	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$9,455,637	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$10,984,992	NetAssetsOrFundBalancesEOYAmt
Mission	HELP MEMBERS WITH FINANCIAL NEEDS	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	ENCOURAGE THRIFT AMONG THE MEMBERS	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Desc	MAKE MEMBER-LOANS AT REASONABLE RATES	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Desc	PAY A FAIR RATE OF RETURN ON MEMBER-SAVINGS	Desc

Field	Value	IRS element (for citing)
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	Yes (1)	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	5418	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	57	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	9	GoverningBodyVotingMembersCnt
Independent Voting Member	1	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	Yes (1)	LocalChaptersInd
Policies Reference Chapters	Yes (1)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	0	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	0	RegularMonitoringEnfrcInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	LA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE ORGANIZATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	3374779190	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4056 RYAN STREET	AddressLine1Txt
City	LAKE CHARLES	CityNm
State Abbreviation	LA	StateAbbreviationCd
ZIP	70605	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd
ROBERT COLLINS
CHAIRPERSON	2.00	Yes (X)	$0	$0	$0
MICHAEL DRONET
VICE CHAIRPERSON	2.00	Yes (X)	$0	$0	$0
WILLIAM WILKIE
BOARD TREASURER	2.00	Yes (X)	$0	$0	$0
BETTY MITCHELL
BOARD SECRETARY	2.00	Yes (X)	$0	$0	$0
THOMAS CONNER
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
JOHNIE W BARTON
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
KEVIN ISTRE
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
LARRY BAILEY SR
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
ALTON CHILDS
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
DONNA SMITH
SUPERVISORY COMMITTEE CHAI	2.00	Yes (X)	$0	$0	$0
MARK DUNCAN
SUPERVISORY COMMITTEE MEMB	2.00	Yes (X)	$0	$0	$0
GENE STEECH
SUPERVISORY COMMITTEE MEMB	2.00	Yes (X)	$0	$0	$0
JIM GIFFIN
CHIEF EXECUTIVE OFFICER	40.00		$157,506	$0	$12,509	Yes (X)
ANGIE BELLOW
CHIEF OPERATING OFFICER	40.00		$81,874	$0	$0	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$239,380	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$12,509	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
FISERV
1600 CROOKS ROAD SUITE 101	TROY	MI	48098	CORE PROCESSOR	$332,830
TRANSFUND
PO BOX 2300	TULSA	OK	74192	ATM SUPPORT AND CASH MANAGEMENT SERVICES	$286,307
CORNERSTONE
155 W PRIEN LAKE RD	LAKE CHARLES	LA	70601	AD AGENCY FOR MULTI-MEDIA CAMPAIGNS	$108,775
BANCVUE
4516 SEATON CENTER SUITE 300	PARKWAY	TX	78759	KASASA CHECKING PRODUCT AND WEBSITE HOST	$106,368

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	4	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	INTEREST ON LOANS	Desc
Business	522100	BusinessCd
Total Revenue Column	$4,725,955	TotalRevenueColumnAmt
Related Or Exempt Func Income	$4,725,955	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$4,725,955	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$105,759	TotalRevenueColumnAmt
Exclusion	$105,759	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
COURTESY PAY FEES	522100	$1,130,884	$1,130,884
OTHER EXEMPT INCOME	524298	$844,741	$844,741
LOAN FEES	522100	$351,226	$351,226

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$515,138	TotalRevenueColumnAmt
Related Or Exempt Func Income	$498,938	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$16,200	UnrelatedBusinessRevenueAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$2,841,989	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$7,673,703	TotalRevenueColumnAmt
Related Or Exempt Func Income	$7,551,744	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$16,200	UnrelatedBusinessRevenueAmt
Exclusion	$105,759	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$845,899	TotalAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$942,296	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$376,240	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$141,958	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$59,963	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$48,715	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$170	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$651,684	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$213,262	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$45,470	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$444,107	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$126,309	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$11,627	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$61,144	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$335,460	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$204,982	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$58,172	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
PROVISION FOR LOAN LOSS	$975,401
OPERATIONS EXPENSE	$200,038
MISCELLANEOUS EXPENSES	$190,536
MAINTENANCE	$188,733

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$22,182	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$6,144,348	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$2,456,834	BOYAmt
EOY	$2,059,639	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$12,361,000	BOYAmt
EOY	$15,726,000	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$56,272,315	BOYAmt
EOY	$59,509,457	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$329,567	BOYAmt
EOY	$306,090	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$4,536,263	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$1,909,845	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$2,617,196	BOYAmt
EOY	$2,626,418	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$271,708	BOYAmt
EOY	$217,461	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$74,308,620	BOYAmt
EOY	$80,445,065	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$64,664,951	BOYAmt
EOY	$68,995,095	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$188,032	BOYAmt
EOY	$464,978	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$64,852,983	BOYAmt
EOY	$69,460,073	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$9,455,637	BOYAmt
EOY	$10,984,992	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$9,455,637	BOYAmt
EOY	$10,984,992	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$74,308,620	BOYAmt
EOY	$80,445,065	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$1,529,355	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$754,364	InvestmentCostOrOtherBasisAmt
Book Value	$754,364	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$2,392,139	InvestmentCostOrOtherBasisAmt
Depreciation	$971,076	DepreciationAmt
Book Value	$1,421,063	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$1,389,760	InvestmentCostOrOtherBasisAmt
Depreciation	$938,769	DepreciationAmt
Book Value	$450,991	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$2,626,418	TotalBookValueLandBuildingsAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$7,673,703	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$7,673,703	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$7,673,703	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$6,144,348	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$6,144,348	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$6,144,348	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	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 2010.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	JIM GIFFIN	PersonNm
Title	CHIEF EXECUTIVE OFFICER	TitleTxt
Base Compensation Filing Org	$120,000	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$36,430	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$1,076	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$12,509	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$0	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$170,015	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 4B	THE ORGANIZATION MADE A YEARLY CONTRIBUTION OF $12,509 TO A 412(I) PLAN FOR THE CEO.
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.

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (24 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
ROBERT COLLINS
CHAIRPERSON	PAY OFF TIME SHARE	Yes (X)	$9,458	$8,725	0	Yes (1)	Yes (1)
ROBERT COLLINS
CHAIRPERSON	1ST MORTGAGE REAL ESTATE	Yes (X)	$204,500	$172,844	0	Yes (1)	Yes (1)
THOMAS CONNER
BOARD MEMBER	BOAT/TRAILER	Yes (X)	$13,619	$7,200	0	Yes (1)	Yes (1)
THOMAS CONNER
BOARD MEMBER	1ST MORTGAGE REAL ESTATE	Yes (X)	$127,500	$93,384	0	Yes (1)	Yes (1)
LARRY BAILEY
BOARD MEMBER	LAWN MOWER	Yes (X)	$4,328	$4,001	0	Yes (1)	Yes (1)
LARRY BAILEY
BOARD MEMBER	NEW AUTO	Yes (X)	$43,865	$39,401	0	Yes (1)	Yes (1)
LARRY BAILEY
BOARD MEMBER	MOTOR HOME/CAMPER	Yes (X)	$59,208	$51,445	0	Yes (1)	Yes (1)
BETTY MITCHELL
BOARD MEMBER	UNSECURED SIGNATURE LOAN	Yes (X)	$5,856	$4,141	0	Yes (1)	Yes (1)
BETTY MITCHELL
BOARD MEMBER	NEW AUTO	Yes (X)	$23,642	$22,390	0	Yes (1)	Yes (1)
WILLIAM WILKIE
BOARD MEMBER	BOAT/TRAILER	Yes (X)	$9,270	$4,055	0	Yes (1)	Yes (1)
WILLIAM WILKIE
BOARD MEMBER	REAL ESTATE	Yes (X)	$6,500	$4,828	0	Yes (1)	Yes (1)
MICHAEL DRONET
BOARD MEMBER	HOME IMPROVEMENT	Yes (X)	$12,307	$12,075	0	Yes (1)	Yes (1)
MICHAEL DRONET
BOARD MEMBER	NEW AUTO	Yes (X)	$41,516	$14,195	0	Yes (1)	Yes (1)
MICHAEL DRONET
BOARD MEMBER	MOTORCYCLE	Yes (X)	$17,662	$12,244	0	Yes (1)	Yes (1)
MARK DUNCAN
SUPERVISORY COMMITTEE MEMBER	CONSTRUCTION	Yes (X)	$90,000	$90,000	0	Yes (1)	Yes (1)
KEVIN ISTRE
BOARD MEMBER	1ST MORTGAGE REAL ESTATE	Yes (X)	$80,750	$54,964	0	Yes (1)	Yes (1)
KEVIN ISTRE
BOARD MEMBER	REFINANCE CAR	Yes (X)	$41,030	$31,739	0	Yes (1)	Yes (1)
GENE STEECH
SUPERVISORY COMMITTEE MEMBER	BOAT/TRAILER	Yes (X)	$29,042	$23,809	0	Yes (1)	Yes (1)
JAMES CHILDS JR
BOARD MEMBER	USED AUTO	Yes (X)	$34,275	$9,608	0	Yes (1)	Yes (1)
JAMES CHILDS JR
BOARD MEMBER	UNSECURED SIGNATURE LOAN	Yes (X)	$30,310	$23,872	0	Yes (1)	Yes (1)
DONNA SMITH
SUPERVISORY COMMITTEE MEMBER	CONSOLIDATE DEBT	Yes (X)	$17,136	$14,143	0	Yes (1)	Yes (1)
DONNA SMITH
SUPERVISORY COMMITTEE MEMBER	USED AUTO	Yes (X)	$13,744	$11,018	0	Yes (1)	Yes (1)
LINDA STERLING
CCO	VACATION	Yes (X)	$5,000	$1,962	0	Yes (1)	Yes (1)
LINDA STERLING
CCO	MEDICAL/FUNERAL	Yes (X)	$14,702	$9,321	0	Yes (1)	Yes (1)

Field	Value	IRS element (for citing)
Total Balance Due	$721,364	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 11	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 651,684.
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.