STATE CHARTERED CREDIT UNIONS IN LOUISIANA: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: STATE CHARTERED CREDIT UNIONS IN LOUISIANA (EIN 72-0454922)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-07-15
IRS object ID: 201131999349300208
Schema version: 2010v3.2
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
Form 990
Schedule D
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-07-15T08:41:05-05:00	Timestamp
Tax Period End Date	2010-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

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	2010-01-01	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	2011-06-20	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Billy D Fisher CPA	Name
Phone	3374331063	Phone

Field	Value	IRS element (for citing)
Tax Year	2010	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	3800103	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	7	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	0	NbrIndependentVotingMembers
Total Nbr Employees	37	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	15000	TotalGrossUBI
Net Unrelated Business Txbl Income	-3717	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	369814	InvestmentIncomePriorYear
Investment Income Current Year	205147	InvestmentIncomeCurrentYear
Other Revenue Prior Year	3789710	OtherRevenuePriorYear
Other Revenue Current Year	3594956	OtherRevenueCurrentYear
Total Revenue Prior Year	4159524	TotalRevenuePriorYear
Total Revenue Current Year	3800103	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	1525350	SalariesEtcPriorYear
Salaries Etc Current Year	1544158	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	2633567	OtherExpensePriorYear
Other Expenses Current Year	2283766	OtherExpensesCurrentYear
Total Expenses Prior Year	4158917	TotalExpensesPriorYear
Total Expenses Current Year	3827924	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	607	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-27821	RevenuesLessExpensesCY
Total Assets BOY	48583866	TotalAssetsBOY
Total Assets EOY	47272683	TotalAssetsEOY
Total Liabilities BOY	43867406	TotalLiabilitiesBOY
Total Liabilities EOY	42584044	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	4716460	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	4688639	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	0	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	1916	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	37	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	7	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 (24 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	FormerFormer
Thomas Conner
President	2.00	X	0	0	0
Betty Mitchell
Secretary	2.00	X	0	0	0
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
Board Member	1.00	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	1.00	X	0	0	0
Jim Giffin
Chief Executive Officer	40.00		102300	0	0	X
Angelia Bellow
Operating Officer	40.00		66044	0	0	X
Christy Moore
Branch Manager	40.00		53005	0	0	X
James D Thibodeaux
IT Manager	40.00		56592	0	0	X
Linda G Sterling
Compliance Officer	40.00		42010	0	0	X
Lizabeth J Wiggins
Collection Manager	40.00		41720	0	0	X
Karen Hagen
Loan Manager	40.00		43313	0	0	X
Shelly Flores
Accounting Manager	40.00		31863	0	0	X
Beth McClain
Branch Manager	40.00		32664	0	0	X
William Ed Wallace
Board Member - ending during 2010	1.00		0	0	0		X
TJ Duhon
Board Member - ending during 2010	1.00		0	0	0		X
Allen Marceaux
Board Member - ending during 2010	1.00		0	0	0		X
Judy Bennett
Branch Manager - ending during 2010	40.00		38445	0	0		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	469511	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	221541	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	205147	TotalRevenueColumn
Related Or Exempt Function Income	205147	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
Interest on Loans to C	522291	2490340	2490340
Miscellaneous Fees	522100	1011859	1011859
Other Exempt Income	522100	77757	77757

Miscellaneous Revenue MiscellaneousRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	15000	TotalRevenueColumn
Unrelated Business Revenue	15000	UnrelatedBusinessRevenue

Field	Value	IRS element (for citing)
Total Other Revenue	3594956	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	3800103	TotalRevenueColumn
Related Or Exempt Function Income	3785103	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	15000	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	507955	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	1036203	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	48924	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	1982	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	603934	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	115050	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	52369	Total

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	249667	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	137675	Total

Travel Travel

Field	Value	IRS element (for citing)
Total	2007	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	49315	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	347729	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	112301	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	151551	Total

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal
SW CORP MCA WRITE-DOWN	119222
Maintenance	86025
Operational Expense	81936
Miscellaneous Expense	62872
Audit Expense	45524

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	15683	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	3827924	Total

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	2486581	BOY
EOY	2313044	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	10668000	BOY
EOY	9876000	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	32626140	BOY
EOY	32312196	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	254260	BOY
EOY	340041	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	3017093	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	1237454	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	1812855	BOY
EOY	1779639	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	735775	BOY
EOY	651508	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	255	BOY
EOY	255	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	48583866	BOY
EOY	47272683	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	43867406	BOY
EOY	42584044	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	43867406	BOY
EOY	42584044	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	4716460	BOY
EOY	4688639	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	4716460	BOY
EOY	4688639	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	48583866	BOY
EOY	47272683	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-27821	ReconcilationRevenueExpenses
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	1602912	InvestmentCostOrOtherBasis
Depreciation	573940	Depreciation
Book Value	1028972	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	832611	InvestmentCostOrOtherBasis
Depreciation	663514	Depreciation
Book Value	169097	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	1779639	TotalOfBookValueLandBuildings
Total Revenue	3800103	TotalRevenue
Total Expenses	3827924	TotalExpenses
Excess Or Deficit For Year	-27821	ExcessOrDeficitForYear
Total Adjustments	0	TotalAdjustments
Excess Or Deficit Per FS	-27821	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	3800103	TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F990	0	RevenueNotRptdF990
Revenue Subtotal	3800103	RevenueSubtotal
Revenue Not Rptd On Fin Stmt	0	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	3800103	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	3827924	TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F990	0	ExpensesNotRptdF990
Expenses Subtotal	3827924	ExpensesSubtotal
Expenses Not Rptd On Fin Stmt	0	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	3827924	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 (34 entries)

Purpose Of LoanPurposeOfLoan	Loan From OrganizationLoanFromOrganization	Original PrincipalOriginalPrincipalAmount	Balance DueBalanceDue	DefaultDefault	Approved By BoardApprovedByBoard	Written AgreementWrittenAgreement
Robert Collins
Real Estate	X	$204,000	0	0	1	1
Robert Collins
Real Estate	X	$216,000	209043	0	1	1
Robert Collins
Auto	X	$29,129	29129	0	1	1
Thomas Conner
Signature	X	$3,000	2176	0	1	1
Thomas Conner
Auto	X	$27,400	6033	0	1	1
Thomas Conner
Real Estate	X	$127,500	112012	0	1	1
Dorothy Conner
Recreational Vehicle	X	$44,208	34003	0	1	1
Michael Dronet
Signature	X	$5,005	4181	0	1	1
Michael Dronet
Motorcycle	X	$15,000	5431	0	1	1
Michael Dronet
Used Auto	X	$41,516	37956	0	1	1
Michael Dronet
Auto	X	$20,941	0	0	1	1
Mark Duncan
Used Auto	X	$1,699	1209	0	1	1
Mark Duncan
Computer	X	$13,000	2980	0	1	1
Kevin Istre
Used Auto	X	$16,999	0	0	1	1
Kevin Istre
Real Estate	X	$80,750	67800	0	1	1
William Wilkie
Auto	X	$16,080	3536	0	1	1
Patrick Moore
Auto	X	$23,000	14366	0	1	1
Patrick Moore
Signature	X	$15,000	0	0	1	1
Judith Bennett
Share Pledge	X	$4,558	1782	0	1	1
William Bennett
Boat	X	$18,658	5420	0	1	1
William Bennett
Signature	X	$13,637	11091	0	1	1
William Bennett
Auto	X	$19,310	7533	0	1	1
Linda Sterling
Signature Special	X	$8,000	3599	0	1	1
Linda Sterling
Signature	X	$600	441	0	1	1
Linda Sterling
Signature	X	$15,000	12546	0	1	1
Patrick Moore
Boat Motor and Trailer	X	$6,021	0	0	1	1
Larry Bailey
Auto	X	$17,653	15544	0	1	1
Larry Bailey
Camper	X	$24,592	23719	0	1	1
Stephanie SBoullion
Signature	X	$3,000	1977	0	1	1
Stephanie SBoullion
Auto	X	$59,746	58140	0	1	1
Stephanie SBoullion
Real Estate	X	$204,000	199276	0	1	1
Michael Dronet
Signature	X	$3,500	0	0	1	1
Michael Dronet
Used Auto	X	$10,000	0	0	1	1
Norma Duhon
Auto	X	$30,567	18468	0	1	1

Field	Value	IRS element (for citing)
Total Balance Due	889391	TotalBalanceDue

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifier	ExplanationExplanation	Return ReferenceReturnReference
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.
	Information is available upon written request.	Form 990, Part VI, Section C, line 19
	There is a designated audit committee, made up of several board members. However, the full board is responsible for selection of auditors.