STATE CHARTERED CREDIT UNIONS IN LOUISIANA: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- STATE CHARTERED CREDIT UNIONS IN LOUISIANA (EIN 72-0454922)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-09-24
- IRS object ID
- 201342679349300709
- Schema version
- 2012v2.1
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-09-24T09:47:42-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 721202445 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | POSTLETHWAITE & NETTERVILLE | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8550 UNITED PLAZA BLVD SUITE 1001 | AddressLine1 |
| City | BATON ROUGE | City |
| State | LA | State |
| ZIP Code | 70809 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 720454922 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTHWEST LOUISIANA CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SOUT | NameControl |
| Phone | 3374779190 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4056 RYAN STREET | AddressLine1 |
| City | LAKE CHARLES | City |
| State | LA | State |
| ZIP Code | 70605 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JIM GRIFFIN | Name |
| Title | CHIEF EXECUTIVE OFFICER | Title |
| Phone | 3374779190 | Phone |
| Date Signed | 2013-09-09 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RALPH STEPHENS | Name |
| PTIN | P00638118 | PTIN |
| Phone | 2259224600 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JIM GRIFFIN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4056 RYAN STREET | AddressLine1 |
| City | LAKE CHARLES | City |
| State | LA | State |
| ZIP Code | 70605 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 5309078 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.SWLACU.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1952 | YearFormation |
| State Legal Domicile | LA | StateLegalDomicile |
| Activity Or Mission Description | HELPING MEMBERS WITH THEIR FINANCIAL NEEDS | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 0 | NbrIndependentVotingMembers |
| Total Nbr Employees | 38 | TotalNbrEmployees |
| Total Nbr Volunteers | 12 | TotalNbrVolunteers |
| Total Gross UBI | 10300 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -4297 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 3324259 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 114070 | InvestmentIncomePriorYear |
| Investment Income Current Year | 96119 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3551920 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1888700 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 3665990 | TotalRevenuePriorYear |
| Total Revenue Current Year | 5309078 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1403445 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1843975 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1790175 | OtherExpensePriorYear |
| Other Expenses Current Year | 2232355 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3193620 | TotalExpensesPriorYear |
| Total Expenses Current Year | 4076330 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 472370 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1232748 | RevenuesLessExpensesCY |
| Total Assets BOY | 49720973 | TotalAssetsBOY |
| Total Assets EOY | 67577624 | TotalAssetsEOY |
| Total Liabilities BOY | 44559964 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 59487936 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 5161009 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 8089688 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | HELP MEMBERS WITH FINANCIAL NEEDS | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | ENCOURAGE THRIFT AMONG THE MEMBERS | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MAKE MEMBER-LOANS AT REASONABLE RATES | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PAY A FAIR RATE OF RETURN ON MEMBER-SAVINGS | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 2045 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 38 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 0 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 0 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 0 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | LA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3374779190 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4056 RYAN STREET | AddressLine1 |
| City | LAKE CHARLES | City |
| State | LA | State |
| ZIP Code | 70605 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (14 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| ROBERT COLLINS | ||||||
| CHAIRPERSON | 2.00 | X | 0 | 0 | 0 | |
| MICHAEL DRONET | ||||||
| VICE CHAIRPERSON | 2.00 | X | 0 | 0 | 0 | |
| WILLIAM WILKIE | ||||||
| BOARD TREASURER | 2.00 | X | 0 | 0 | 0 | |
| BETTY MITCHELL | ||||||
| BOARD SECRETARY | 2.00 | X | 0 | 0 | 0 | |
| THOMAS CONNER | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| JOHNIE W BARTON | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| KEVIN ISTRE | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| LARRY BAILEY SR | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| ALTON CHILDS | ||||||
| BOARD MEMBER | 2.00 | X | 0 | 0 | 0 | |
| DONNA SMITH | ||||||
| SUPERVISORY COMMITTEE CHAIRPERSON | 2.00 | X | 0 | 0 | 0 | |
| MARK DUNCAN | ||||||
| SUPERVISORY COMMITTEE MEMBER | 2.00 | X | 0 | 0 | 0 | |
| GENE STEECH | ||||||
| SUPERVISORY COMMITTEE MEMBER | 2.00 | X | 0 | 0 | 0 | |
| JIM GIFFIN | ||||||
| CHIEF EXECUTIVE OFFICER | 40.00 | 113675 | 0 | 0 | X | |
| ANGIE BELLOW | ||||||
| CHIEF OPERATING OFFICER | 40.00 | 72533 | 0 | 0 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 186208 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| FISERV | |||||
| 1600 CROOKS ROAD SUITE 101 | TROY | MI | 48098 | CORE PROCESSOR | 221541 |
| TRANSFUND | |||||
| PO BOX 2300 | TULSA | OK | 74192 | ATM SUPPORT AND CASH MANAGEMENT SERVICES | 149969 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INTEREST ON LOANS | Description |
| Business Code | 522100 | BusinessCode |
| Total Revenue Column | 3324259 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3324259 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 3324259 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 96119 | TotalRevenueColumn |
| Exclusion | $96,119 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| MISCELLANEOUS FEES | 522100 | 1468864 | 1468864 |
| OTHER EXEMPT INCOME | 524298 | 409536 | 409536 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 10300 | TotalRevenueColumn |
| Unrelated Business Revenue | 10300 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1888700 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5309078 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5202659 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 10300 | UnrelatedBusinessRevenue |
| Exclusion | $96,119 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 633241 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 787232 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 314622 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 108880 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43177 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45899 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3592 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 587372 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 157920 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35429 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 317013 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 178740 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11059 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5411 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 232987 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 143549 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 111145 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| OPERATIONS EXPENSE | 154254 |
| MISCELLANEOUS EXPENSES | 109131 |
| MAINTENANCE | 79302 |
| ALL OTHER EXPENSES | 16375 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4076330 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2518855 | BOY |
| EOY | 3358465 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11742342 | BOY |
| EOY | 10857614 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32683925 | BOY |
| EOY | 50484628 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 269176 | BOY |
| EOY | 356937 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 4266338 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1822820 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1720387 | BOY |
| EOY | 2443518 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 751252 | BOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35036 | BOY |
| EOY | 76462 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49720973 | BOY |
| EOY | 67577624 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44559964 | BOY |
| EOY | 59487936 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44559964 | BOY |
| EOY | 59487936 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5161009 | BOY |
| EOY | 8089688 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5161009 | BOY |
| EOY | 8089688 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49720973 | BOY |
| EOY | 67577624 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1232748 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 1695931 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 754364 | InvestmentCostOrOtherBasis |
| Book Value | 754364 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 2318844 | InvestmentCostOrOtherBasis |
| Depreciation | 805175 | Depreciation |
| Book Value | 1513669 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 1193130 | InvestmentCostOrOtherBasis |
| Depreciation | 1017645 | Depreciation |
| Book Value | 175485 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 2443518 | TotalOfBookValueLandBuildings |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 5309078 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 5309078 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 5309078 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 4076330 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 4076330 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 4076330 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X, LINE 2: | ReturnReference |
| Explanation | 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 2009. | Explanation |
Schedule L IRS990ScheduleL
Loan Table LoanTable (21 entries)
| Relationship With OrganizationRelationshipWithOrganization | Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|---|
| ROBERT COLLINS | |||||||
| BOARD MEMBER | UNSECURED SIGNATURE LOAN | X | $5,000 | 4238 | 0 | 1 | 1 |
| ROBERT COLLINS | |||||||
| BOARD MEMBER | USED AUTO | X | $30,056 | 28316 | 0 | 1 | 1 |
| ROBERT COLLINS | |||||||
| BOARD MEMBER | 1ST MORTGAGE REAL ESTATE | X | $204,500 | 194786 | 0 | 1 | 1 |
| THOMAS CONNER | |||||||
| BOARD MEMBER | UNSECURED SIGNATURE LOAN | X | $3,000 | 96 | 0 | 1 | 1 |
| THOMAS CONNER | |||||||
| BOARD MEMBER | BOAT | X | $13,619 | 11629 | 0 | 1 | 1 |
| THOMAS CONNER | |||||||
| BOARD MEMBER | 1ST MORTGAGE REAL ESTATE | X | $127,500 | 103333 | 0 | 1 | 1 |
| LARRY BAILEY | |||||||
| BOARD MEMBER | UNSECURED SIGNATURE LOAN | X | $3,000 | 2146 | 0 | 1 | 1 |
| LARRY BAILEY | |||||||
| BOARD MEMBER | NEW AUTO | X | $37,718 | 30948 | 0 | 1 | 1 |
| LARRY BAILEY | |||||||
| BOARD MEMBER | MOTOR HOME/CAMPER | X | $59,208 | 57263 | 0 | 1 | 1 |
| BETTY MITCHELL | |||||||
| BOARD MEMBER | UNSECURED SIGNATURE LOAN | X | $5,535 | 4589 | 0 | 1 | 1 |
| BETTY MITCHELL | |||||||
| BOARD MEMBER | NEW AUTO | X | $24,624 | 20337 | 0 | 1 | 1 |
| WILLIAM WILKIE | |||||||
| BOARD MEMBER | BOAT | X | $9,270 | 7686 | 0 | 1 | 1 |
| MICHAEL DRONET | |||||||
| BOARD MEMBER | UNSECURED SIGNATURE LOAN | X | $9,427 | 8789 | 0 | 1 | 1 |
| MICHAEL DRONET | |||||||
| BOARD MEMBER | NEW AUTO | X | $41,516 | 27976 | 0 | 1 | 1 |
| MICHAEL DRONET | |||||||
| BOARD MEMBER | MOTORCYCLE | X | $10,495 | 8279 | 0 | 1 | 1 |
| MARK DUNCAN | |||||||
| SUPERVISORY COMMITTEE MEMBER | UNSECURED SIGNATURE LOAN | X | $25,000 | 24295 | 0 | 1 | 1 |
| MARK DUNCAN | |||||||
| SUPERVISORY COMMITTEE MEMBER | USED AUTO | X | $11,000 | 8308 | 0 | 1 | 1 |
| KEVIN ISTRE | |||||||
| BOARD MEMBER | 1ST MORTGAGE REAL ESTATE | X | $80,750 | 61799 | 0 | 1 | 1 |
| GENE STEECH | |||||||
| SUPERVISORY COMMITTEE MEMBER | 1ST MORTGAGE REAL ESTATE | X | $89,000 | 89000 | 0 | 1 | 1 |
| JAMES CHILDS JR | |||||||
| BOARD MEMBER | USED AUTO | X | $34,275 | 21031 | 0 | 1 | 1 |
| JAMES CHILDS JR | |||||||
| BOARD MEMBER | UNSECURED SIGNATURE LOAN | X | $30,310 | 28967 | 0 | 1 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 743811 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FOMR 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 : TOTAL EXPENSES 587,372. | OTHER FEES |
| FORM 990, PART XI, LINE 9: | ACQUIRED EQUITY-MERGER-CFECU 1,695,931. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| SOUTHWEST LA CREDIT UNION'S FINANCIAL STATEMENTS WERE AUDITED BY POSTLETHWAITE & NETTERVILLE, APAC, WHICH IS A DIFFERENT AUDITOR THAN THAT OF PAST YEARS' AUDITS. THERE IS A DESIGNATED AUDIT COMMITTEE, MADE UP OF SEVERAL BOARD MEMBERS. HOWEVER, THE FULL BOARD IS RESPONSIBLE FOR SELECTION OF AUDITORS. |