STATE CHARTERED CREDIT UNIONS IN LOUISIANA: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- STATE CHARTERED CREDIT UNIONS IN LOUISIANA (EIN 72-0454922)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-05-10
- IRS object ID
- 201221319349301752
- Schema version
- 2011v1.2
- 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 | 2012-05-10T12:18:39-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 721086674 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCELROY QUIRK & BURCH (APC) | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 3070 | AddressLine1 |
| City | LAKE CHARLES | City |
| State | LA | State |
| ZIP Code | 706023070 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 720454922 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STAT Southwest Louisiana Credit Union | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | STAT | 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 Giffin | Name |
| Title | Chief Executive Officer | Title |
| Phone | 3374779190 | Phone |
| Date Signed | 2012-05-07 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Billy D Fisher CPA | Name |
| PTIN | P00358797 | PTIN |
| Phone | 3374331063 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | 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 Giffin | 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 | 3665990 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Group Exemption Number | 2026 | GroupExemptionNumber |
| 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 | 8 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 0 | NbrIndependentVotingMembers |
| Total Nbr Employees | 38 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 16000 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 205147 | InvestmentIncomePriorYear |
| Investment Income Current Year | 114070 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3594956 | OtherRevenuePriorYear |
| Other Revenue Current Year | 3551920 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 3800103 | TotalRevenuePriorYear |
| Total Revenue Current Year | 3665990 | 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 | 1544158 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1403445 | 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 | 2283766 | OtherExpensePriorYear |
| Other Expenses Current Year | 1790175 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3827924 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3193620 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -27821 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 472370 | RevenuesLessExpensesCY |
| Total Assets BOY | 47272683 | TotalAssetsBOY |
| Total Assets EOY | 49720973 | TotalAssetsEOY |
| Total Liabilities BOY | 42584044 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 44559964 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 4688639 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 5161009 | 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 |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Provide helpful member financial services | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| 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 |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| 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 | 8 | 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 | 0 | LocalChapters |
| 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 |
| 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 (20 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| Thomas Conner | ||||||
| Board Member | 1.00 | X | 0 | 0 | 0 | |
| Betty Mitchell | ||||||
| Secretary | 2.00 | X | 0 | 0 | 0 | |
| Johnie Wesley Barton | ||||||
| Board Member | 1.00 | X | 0 | 0 | 0 | |
| Michael Dronet | ||||||
| Vice-President | 2.00 | X | 0 | 0 | 0 | |
| Mark Duncan | ||||||
| Board Member | 1.00 | X | 0 | 0 | 0 | |
| Robert Collins | ||||||
| President | 2.00 | X | 0 | 0 | 0 | |
| Larry Bailey | ||||||
| Board Member | 1.00 | X | 0 | 0 | 0 | |
| William Wilkie | ||||||
| Board Member | 1.00 | X | 0 | 0 | 0 | |
| Kevin Istre | ||||||
| Supervisory Committee | 1.00 | X | 0 | 0 | 0 | |
| Donna Smith | ||||||
| Supervisory Committee | 1.00 | X | 0 | 0 | 0 | |
| Stephanie Boullion | ||||||
| Supervisory Committee - ending during 2011 | 1.00 | X | 0 | 0 | 0 | |
| Jim Giffin | ||||||
| Chief Executive Officer | 40.00 | 109044 | 0 | 0 | X | |
| Angelia Bellow | ||||||
| Operating Officer | 40.00 | 67384 | 0 | 0 | X | |
| Christy Moore | ||||||
| Marketing/loans | 40.00 | 52753 | 0 | 0 | X | |
| James D Thibodeaux | ||||||
| Network Adm | 40.00 | 62597 | 0 | 0 | X | |
| Linda G Sterling | ||||||
| Compliance Officer | 40.00 | 44332 | 0 | 0 | X | |
| Lizabeth J Wiggins | ||||||
| Collection Manager | 40.00 | 43145 | 0 | 0 | X | |
| Karen Hagen | ||||||
| Loan Manager | 40.00 | 44464 | 0 | 0 | X | |
| Shelly Flores | ||||||
| Accounting Manager | 40.00 | 35185 | 0 | 0 | X | |
| Beth McClain | ||||||
| Branch Manager | 40.00 | 35099 | 0 | 0 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 494003 | 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
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Fiserv | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5600 Crooks Road Suite 101 | AddressLine1 |
| City | Troy | City |
| State | MI | State |
| ZIP Code | 48098 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | Core Processor | DescriptionOfServices |
| Compensation | 227728 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 114070 | TotalRevenueColumn |
| Related Or Exempt Function Income | 114070 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Interest on Loans to C | 522100 | 2324685 | 2324685 |
| Miscellaneous Fees | 522100 | 1173450 | 1173450 |
| Other Exempt Income | 524298 | 37785 | 37785 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16000 | TotalRevenueColumn |
| Unrelated Business Revenue | 16000 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 3551920 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3665990 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3649990 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 16000 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 494003 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 909442 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33109 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1789 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 360136 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 135668 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39699 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 256707 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 112304 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2239 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23522 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 263408 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115047 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 146497 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| Operational Expense | 99672 |
| Maintenance | 92198 |
| Miscellaneous Expense | 50569 |
| Audit Expense | 44185 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13426 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3193620 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2313044 | BOY |
| EOY | 2518855 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9876000 | BOY |
| EOY | 11742342 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32312196 | BOY |
| EOY | 32683925 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 340041 | BOY |
| EOY | 269176 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 3072888 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1352501 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1779639 | BOY |
| EOY | 1720387 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 651508 | BOY |
| EOY | 751252 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 255 | BOY |
| EOY | 35036 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47272683 | BOY |
| EOY | 49720973 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42584044 | BOY |
| EOY | 44559964 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42584044 | BOY |
| EOY | 44559964 | 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 | 4688639 | BOY |
| EOY | 5161009 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4688639 | BOY |
| EOY | 5161009 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47272683 | BOY |
| EOY | 49720973 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 472370 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | 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 |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 581570 | InvestmentCostOrOtherBasis |
| Book Value | 581570 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 1609393 | InvestmentCostOrOtherBasis |
| Depreciation | 634510 | Depreciation |
| Book Value | 974883 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 881925 | InvestmentCostOrOtherBasis |
| Depreciation | 717991 | Depreciation |
| Book Value | 163934 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1720387 | TotalOfBookValueLandBuildings |
| Total Revenue | 3665990 | TotalRevenue |
| Total Expenses | 3193620 | TotalExpenses |
| Excess Or Deficit For Year | 472370 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 472370 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 3665990 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 3665990 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 3665990 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3193620 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 3193620 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 3193620 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Description of Uncertain Tax Positions Under FIN 48: | Identifier |
| Return Reference | Part X: | ReturnReference |
| Explanation | There are no amounts accrued are necessary related to uncertain tax positions. | Explanation |
Schedule L IRS990ScheduleL
Loan Table LoanTable (26 entries)
| Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| Betty Mitchell | ||||||
| Signature | X | $5,000 | 3840 | 0 | 1 | 1 |
| Dorothy Conner | ||||||
| Recreational Vehicle | X | $44,208 | 31581 | 0 | 1 | 1 |
| Kevin Istre | ||||||
| Real Estate | X | $80,750 | 64890 | 0 | 1 | 1 |
| Larry Bailey | ||||||
| Auto | X | $17,653 | 0 | 0 | 1 | 1 |
| Larry Bailey | ||||||
| Camper | X | $24,592 | 22161 | 0 | 1 | 1 |
| Larry Bailey | ||||||
| Signature | X | $3,000 | 2953 | 0 | 1 | 1 |
| Larry Bailey | ||||||
| Auto | X | $37,718 | 36018 | 0 | 1 | 1 |
| Linda Sterling | ||||||
| Signature Special | X | $8,000 | 1791 | 0 | 1 | 1 |
| Linda Sterling | ||||||
| Signature | X | $600 | 0 | 0 | 1 | 1 |
| Linda Sterling | ||||||
| Signature | X | $15,000 | 0 | 0 | 1 | 1 |
| Linda Sterling | ||||||
| Signature | X | $14,702 | 14550 | 0 | 1 | 1 |
| Mark Duncan | ||||||
| Used Auto | X | $1,699 | 646 | 0 | 1 | 1 |
| Mark Duncan | ||||||
| Computer | X | $13,000 | 0 | 0 | 1 | 1 |
| Mark Duncan | ||||||
| Used Auto | X | $11,000 | 10342 | 0 | 1 | 1 |
| Michael Dronet | ||||||
| Signature | X | $5,005 | 0 | 0 | 1 | 1 |
| Michael Dronet | ||||||
| Motorcycle | X | $15,000 | 0 | 0 | 1 | 1 |
| Michael Dronet | ||||||
| Used Auto | X | $41,516 | 33297 | 0 | 1 | 1 |
| Michael Dronet | ||||||
| Motorcycle | X | $10,495 | 10138 | 0 | 1 | 1 |
| Michael Dronet | ||||||
| Signature | X | $8,000 | 7722 | 0 | 1 | 1 |
| Patrick Moore - spouse | ||||||
| Auto | X | $23,000 | 0 | 0 | 1 | 1 |
| Robert Collins | ||||||
| Real Estate | X | $216,000 | 198450 | 0 | 1 | 1 |
| Robert Collins | ||||||
| Auto | X | $29,129 | 24641 | 0 | 1 | 1 |
| Thomas Conner | ||||||
| Signature | X | $3,000 | 1188 | 0 | 1 | 1 |
| Thomas Conner | ||||||
| Auto | X | $27,400 | 13390 | 0 | 1 | 1 |
| Thomas Conner | ||||||
| Real Estate | X | $127,500 | 107808 | 0 | 1 | 1 |
| William Wilkie | ||||||
| Auto | X | $16,080 | 0 | 0 | 1 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 585406 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| 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, McElroy, Quirk & Burch 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 delivered to the IRS. |
| Form 990, Part VI, Section C, line 19 | Information is available upon written request. |
| There is a designated audit committee, made up of several board members. However, the full board is responsible for selection of auditors. |