2013-09-24T09:47:42-05:00 2012-12-31 721202445 POSTLETHWAITE & NETTERVILLE 8550 UNITED PLAZA BLVD SUITE 1001 BATON ROUGE LA 70809 990 2012-01-01 720454922 SOUTHWEST LOUISIANA CREDIT UNION SOUT 3374779190 4056 RYAN STREET LAKE CHARLES LA 70605 JIM GRIFFIN 3374779190 2013-09-09 1 RALPH STEPHENS P00638118 2259224600 2012 2016-02-24 21:20:13Z JIM GRIFFIN 4056 RYAN STREET LAKE CHARLES LA 70605 5309078 0 X WWW.SWLACU.COM X 1952 LA HELPING MEMBERS WITH THEIR FINANCIAL NEEDS 9 0 38 12 10300 -4297 0 0 0 3324259 114070 96119 3551920 1888700 3665990 5309078 0 0 0 0 1403445 1843975 0 0 0 1790175 2232355 3193620 4076330 472370 1232748 49720973 67577624 44559964 59487936 5161009 8089688 X 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 2045 0 1 38 1 1 1 0 0 0 0 0 0 0 X 9 0 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 ROBERT COLLINS 2.00 X 0 0 0 MICHAEL DRONET 2.00 X 0 0 0 WILLIAM WILKIE 2.00 X 0 0 0 BETTY MITCHELL 2.00 X 0 0 0 THOMAS CONNER 2.00 X 0 0 0 JOHNIE W BARTON 2.00 X 0 0 0 KEVIN ISTRE 2.00 X 0 0 0 LARRY BAILEY SR 2.00 X 0 0 0 ALTON CHILDS 2.00 X 0 0 0 DONNA SMITH 2.00 X 0 0 0 MARK DUNCAN 2.00 X 0 0 0 GENE STEECH 2.00 X 0 0 0 JIM GIFFIN 40.00 X 113675 0 0 ANGIE BELLOW 40.00 X 72533 0 0 186208 0 0 1 0 0 0 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 2 INTEREST ON LOANS 522100 3324259 3324259 3324259 96119 96119 MISCELLANEOUS FEES 522100 1468864 1468864 OTHER EXEMPT INCOME 524298 409536 409536 10300 10300 1888700 5309078 5202659 10300 96119 X 633241 787232 314622 108880 43177 45899 3592 587372 157920 35429 317013 178740 11059 5411 232987 143549 111145 OPERATIONS EXPENSE 154254 MISCELLANEOUS EXPENSES 109131 MAINTENANCE 79302 ALL OTHER EXPENSES 16375 4076330 2518855 3358465 11742342 10857614 32683925 50484628 269176 356937 4266338 1822820 1720387 2443518 751252 35036 76462 49720973 67577624 44559964 59487936 44559964 59487936 X 0 0 0 0 5161009 8089688 5161009 8089688 49720973 67577624 X 1232748 1695931 X X 0 1 X 1 0 754364 754364 2318844 805175 1513669 1193130 1017645 175485 2443518 X 5309078 0 5309078 0 5309078 4076330 0 4076330 0 4076330 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: 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. ROBERT COLLINS BOARD MEMBER UNSECURED SIGNATURE LOAN X 5000 4238 0 1 1 ROBERT COLLINS BOARD MEMBER USED AUTO X 30056 28316 0 1 1 ROBERT COLLINS BOARD MEMBER 1ST MORTGAGE REAL ESTATE X 204500 194786 0 1 1 THOMAS CONNER BOARD MEMBER UNSECURED SIGNATURE LOAN X 3000 96 0 1 1 THOMAS CONNER BOARD MEMBER BOAT X 13619 11629 0 1 1 THOMAS CONNER BOARD MEMBER 1ST MORTGAGE REAL ESTATE X 127500 103333 0 1 1 LARRY BAILEY BOARD MEMBER UNSECURED SIGNATURE LOAN X 3000 2146 0 1 1 LARRY BAILEY BOARD MEMBER NEW AUTO X 37718 30948 0 1 1 LARRY BAILEY BOARD MEMBER MOTOR HOME/CAMPER X 59208 57263 0 1 1 BETTY MITCHELL BOARD MEMBER UNSECURED SIGNATURE LOAN X 5535 4589 0 1 1 BETTY MITCHELL BOARD MEMBER NEW AUTO X 24624 20337 0 1 1 WILLIAM WILKIE BOARD MEMBER BOAT X 9270 7686 0 1 1 MICHAEL DRONET BOARD MEMBER UNSECURED SIGNATURE LOAN X 9427 8789 0 1 1 MICHAEL DRONET BOARD MEMBER NEW AUTO X 41516 27976 0 1 1 MICHAEL DRONET BOARD MEMBER MOTORCYCLE X 10495 8279 0 1 1 MARK DUNCAN SUPERVISORY COMMITTEE MEMBER UNSECURED SIGNATURE LOAN X 25000 24295 0 1 1 MARK DUNCAN SUPERVISORY COMMITTEE MEMBER USED AUTO X 11000 8308 0 1 1 KEVIN ISTRE BOARD MEMBER 1ST MORTGAGE REAL ESTATE X 80750 61799 0 1 1 GENE STEECH SUPERVISORY COMMITTEE MEMBER 1ST MORTGAGE REAL ESTATE X 89000 89000 0 1 1 JAMES CHILDS JR BOARD MEMBER USED AUTO X 34275 21031 0 1 1 JAMES CHILDS JR BOARD MEMBER UNSECURED SIGNATURE LOAN X 30310 28967 0 1 1 743811 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. OTHER FEES FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES : TOTAL EXPENSES 587,372. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: ACQUIRED EQUITY-MERGER-CFECU 1,695,931. 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.