2012-05-10T12:18:39-05:00 2011-12-31 721086674 MCELROY QUIRK & BURCH (APC) PO BOX 3070 LAKE CHARLES LA 706023070 990 2011-01-01 720454922 STAT Southwest Louisiana Credit Union STAT 3374779190 4056 Ryan Street Lake Charles LA 70605 Jim Giffin 3374779190 2012-05-07 1 Billy D Fisher CPA P00358797 3374331063 2011 2016-02-24 21:20:13Z Jim Giffin 4056 Ryan Street Lake Charles LA 70605 3665990 0 2026 X www.swlacu.com X 1952 LA Helping members with their financial needs 8 0 38 0 16000 0 0 0 0 0 205147 114070 3594956 3551920 3800103 3665990 0 0 0 0 1544158 1403445 0 0 0 2283766 1790175 3827924 3193620 -27821 472370 47272683 49720973 42584044 44559964 4688639 5161009 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 Provide helpful member financial services 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 0 1 2045 0 1 38 1 1 1 0 0 0 0 0 0 0 X 8 0 0 0 0 0 1 1 1 1 1 0 0 1 1 0 0 0 1 0 0 0 X The Organization 3374779190 4056 Ryan Street Lake Charles LA 70605 Thomas Conner 1.00 X 0 0 0 Betty Mitchell 2.00 X 0 0 0 Johnie Wesley Barton 1.00 X 0 0 0 Michael Dronet 2.00 X 0 0 0 Mark Duncan 1.00 X 0 0 0 Robert Collins 2.00 X 0 0 0 Larry Bailey 1.00 X 0 0 0 William Wilkie 1.00 X 0 0 0 Kevin Istre 1.00 X 0 0 0 Donna Smith 1.00 X 0 0 0 Stephanie Boullion 1.00 X 0 0 0 Jim Giffin 40.00 X 109044 0 0 Angelia Bellow 40.00 X 67384 0 0 Christy Moore 40.00 X 52753 0 0 James D Thibodeaux 40.00 X 62597 0 0 Linda G Sterling 40.00 X 44332 0 0 Lizabeth J Wiggins 40.00 X 43145 0 0 Karen Hagen 40.00 X 44464 0 0 Shelly Flores 40.00 X 35185 0 0 Beth McClain 40.00 X 35099 0 0 494003 0 0 1 0 0 0 Fiserv 5600 Crooks Road Suite 101 Troy MI 48098 Core Processor 227728 1 114070 114070 Interest on Loans to C 522100 2324685 2324685 Miscellaneous Fees 522100 1173450 1173450 Other Exempt Income 524298 37785 37785 16000 16000 3551920 3665990 3649990 16000 0 494003 909442 33109 1789 360136 135668 39699 256707 112304 2239 23522 263408 115047 146497 Operational Expense 99672 Maintenance 92198 Miscellaneous Expense 50569 Audit Expense 44185 13426 3193620 2313044 2518855 9876000 11742342 32312196 32683925 0 340041 269176 3072888 1352501 1779639 1720387 651508 751252 255 35036 47272683 49720973 42584044 44559964 42584044 44559964 X 0 0 0 0 4688639 5161009 4688639 5161009 47272683 49720973 472370 0 X X 0 1 1 X 0 581570 581570 1609393 634510 974883 881925 717991 163934 1720387 3665990 3193620 472370 472370 3665990 0 3665990 0 3665990 3193620 0 3193620 0 3193620 Description of Uncertain Tax Positions Under FIN 48: Part X: There are no amounts accrued are necessary related to uncertain tax positions. Betty Mitchell Signature X 5000 3840 0 1 1 Dorothy Conner Recreational Vehicle X 44208 31581 0 1 1 Kevin Istre Real Estate X 80750 64890 0 1 1 Larry Bailey Auto X 17653 0 0 1 1 Larry Bailey Camper X 24592 22161 0 1 1 Larry Bailey Signature X 3000 2953 0 1 1 Larry Bailey Auto X 37718 36018 0 1 1 Linda Sterling Signature Special X 8000 1791 0 1 1 Linda Sterling Signature X 600 0 0 1 1 Linda Sterling Signature X 15000 0 0 1 1 Linda Sterling Signature X 14702 14550 0 1 1 Mark Duncan Used Auto X 1699 646 0 1 1 Mark Duncan Computer X 13000 0 0 1 1 Mark Duncan Used Auto X 11000 10342 0 1 1 Michael Dronet Signature X 5005 0 0 1 1 Michael Dronet Motorcycle X 15000 0 0 1 1 Michael Dronet Used Auto X 41516 33297 0 1 1 Michael Dronet Motorcycle X 10495 10138 0 1 1 Michael Dronet Signature X 8000 7722 0 1 1 Patrick Moore - spouse Auto X 23000 0 0 1 1 Robert Collins Real Estate X 216000 198450 0 1 1 Robert Collins Auto X 29129 24641 0 1 1 Thomas Conner Signature X 3000 1188 0 1 1 Thomas Conner Auto X 27400 13390 0 1 1 Thomas Conner Real Estate X 127500 107808 0 1 1 William Wilkie Auto X 16080 0 0 1 1 585406 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.