2021-11-10T12:33:55-05:00 2020-12-31 592164330 Gerald E Creasman CPA PA 9200 S Dadeland Blvd Suite 504 Miami FL 33156 990 2020-01-01 720498240 PELICAN STATE CREDIT UNION PELI 2675 ONEAL LANE BATON ROUGE LA 70816 JEFFREY CONRAD PRESIDENTCEO 2254086100 2021-05-14 true JEFFREY CONRAD XXX-XX-XXXX Gerald E Creasman CPA P00428587 3055960903 2021-11-10 0 00 AAL1 IAL1 2020 2022-09-23 18:48:47Z 55233073 false X WWW.PELICANSTATECU.COM X 1956 LA PROVIDING BANKING RELATED SERVICES TO OVER 64,000 MEMBERS OF WHICH MANY FALL BELOW FEDERAL AND STATE POVERTY LEVELS. MANY DO NOT QUALIFY FOR FINANCIAL SERVICES WITH BANKS, INCLUDING CHECKING ACCOUNTS AND MORTGAGE LOANS DUE TO LOW INCOME OR PRIOR CREDIT HISTORY. 9 9 370 13 603084 0 0 47143783 52639953 1039603 151830 388808 2441290 48572194 55233073 0 0 18865456 21546803 0 0 25681536 25882948 44546992 47429751 4025202 7803322 396477801 527923352 353306290 475900511 43171511 52022841 PROVIDING BANKING RELATED SERVICES TO OVER 64,000 MEMBERS OF WHICH MANY FALL BELOW FEDERAL AND STATE POVERTY LEVELS. MANY DO NOT QUALIFY FOR FINANCIAL SERVICES WITH BANKS, INCLUDING CHECKING ACCOUNTS AND MORTGAGE LOANS DUE TO LOW INCOME OR PRIOR CREDIT HISTORY. false false 47429751 PARTNERS IN EDUCATION PROFRAMS PROVIDED FREE FINANCIAL EDUCATION PROGRAMS THROUGHOUT THE STATE, INCLUDING CREDIT MANAGEMENT, CREDIT REPAIR, BUDGETING, AND CHECKING ACCOUNT BALANCING. SEMINARS ARE CONDUCTED IN LOCAL K-12 SCHOOLS, COMMUNITY CENTERS, PRISONS, HOMELESS SHELTERS, AND HOSPITALS THROUGHOUT THE STATE. WE PROVIDED A FREE CREDIT COUNSELING PROGRAM TO MEMBERS, HELPING THEM CREATE BUDGETS, REBUILD CREDIT, START SAVING, AND BUUILD ASSETS. 9 EMPLOYEES ARE DEDICATED TO THIS PROGRAM FULL TIME. STAFF CONDUCTED 69 WORKSHOPS THROUGHOUT THE STATE, WITH 2,516 ATTENDEES, OF WHICH 285 WERE MEMBERS AND 2,231 WERE NONMEMBERS. WE ALSO TEACH FINANCIAL EDUCATION TO HIGH SCHOOL STUDENTS AND LAST YEAR WE HELD 14 WORKSHOPS SPEAKING TO 785 STUDENTS. DEPOSIT PROGRAM OFFERING A VARIETY OF SAVINGS AND TRANSACTIONAL PRODUCTS, MOST WITH NO MONTHLY FEE AND ABOVE MARKET INTEREST RATES. CHECKING ACCOUNTS GEARED FOR EASY ENTRY REGARDLESS OF PRIOR CHECKING HISTORY. LOAN PROGRAM WITH COMPETITIVE INTEREST PRICING TO ALL MEMBERS, INCLUDING MEMBERS WITH LITTLE OR POOR CREDIT HISTORY. WIDE SPECTRUM OF LENDING PRODUCTS INCLUDING AUTO LOANS WITH NO DOWN PAYMENT, MORTGAGE LENDING. CREDIT CARDS. UNSECURED LENDING AND PAYDAY ALTERNATIVE LENDING. 47429751 false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false true false false false false false false false false false false false false false true 17000 0 true 370 true true true false false false false false false false false false false false false false false false false X 9 9 false false false false true true true true true false false true true true true true true true true false X MELISSA OTT 2254086100 2675 ONEAL LANE BATON ROUGE LA 70816 JEFFREY CONRAD PRESIDENTCEO 40.00 0.00 X 406462 0 28352 ANNETTE THAMES COO 40.00 0.00 X 231097 0 29019 MELISSA OTT CFO 40.00 0.00 X 225648 0 24883 MICHAEL MORGAN SR VP 40.00 0.00 X 203392 0 11530 PAIGE CORCORAN VP 40.00 0.00 X 168410 0 28938 LINDSEY RICHARD VP 40.00 0.00 X 164551 0 20188 MICHELLE FORD VP 40.00 0.00 X 148453 0 24374 LEIGH PORTA SR VP 40.00 0.00 X 143578 0 9091 BEN MANRY VP 40.00 0.00 X 139190 0 9624 SHARON COLLINS AVP 40.00 0.00 X 123032 0 15414 MATTHEW RABALAIS AVP 40.00 0.00 X 108026 0 3504 DOUG KRATZER VP 40.00 0.00 X 108228 0 1995 LINDA LOCHBRUNNER BOARD TREASURER 1.00 0.00 X 4000 0 0 DAVID COLVIN DIRECTOR 1.00 0.00 X 4000 0 0 GARY CROCKETT BOARD CHAIR 1.00 0.00 X 4000 0 0 ARYON MCGUIRE DIRECTOR 1.00 0.00 X 4000 0 0 DAVID GILL 2ND VICE CHAIR 1.00 0.00 X 3500 0 0 SAMUEL MCDANIEL DIRECTOR 1.00 0.00 X 3500 0 0 WILLIAM MULLINNIX DIRECTOR 1.00 0.00 X 3500 0 0 SHANNON THORN DIRECTOR 1.00 0.00 X 3000 0 0 JANELLE FOLSE BOARD VICE CHAIR 1.00 0.00 X 0 0 0 2199567 0 206912 12 false true false LABARRE ASSOCIATES INC 8385 RUSHING ROAD DENHAM SPRINGS LA 70726 FACILITY MAINT 6857004 JACK HENRY ASSOCIATES INC PO BOX 609 MONETT MO 65708 DATE PROCESSOR 668246 WORKPLACE 1 HACKER WAY MENLO PARK CA 94025 COMMUNICATIONS 2158712 KASASA LTD PO BOX 527 LUBBOCK TX 79408 MARKETINGSOFTWARE 419136 ASI-SIGN 8181 JETSTAR DRIVE STE 100 IRVING TX 75063 SIGNAGE 410516 23 INCOME ON LOANS 522291 28380861 28380861 FEES AND CHARGES 522291 23656008 23656008 SHARED BRANCHING 900099 143267 143267 NON MEMBER ATMS 525990 276217 276217 WARRANTY INCOME 524298 183600 183600 52639953 199194 199194 -47364 -47364 -47364 -47364 OTHER NON OPERATING INC 522100 2441290 2441290 2441290 55233073 54629989 603084 0 1992655 1992655 14748335 14748335 1156187 1156187 2463722 2463722 1185904 1185904 38774 38774 152030 152030 411578 411578 257623 257623 1466442 1466442 167520 167520 275261 275261 5254373 5254373 104123 104123 2073289 2073289 777851 777851 SEE ATTACHED 14904084 14904084 47429751 47429751 0 0 6215421 11104756 22972502 38016435 2981593 3246722 2592419 2738257 320117011 415428574 1000353 1070681 45642018 9752859 12612603 35889159 2938872 602143 506305 194867 447534 24345855 19379091 396477801 527923352 3707156 4246063 349599134 471654448 353306290 475900511 X 43171511 52022841 43171511 52022841 396477801 527923352 X 7803322 31921 1016087 X false true X true false 6213319 6213319 24873463 1671330 23202133 2035527 1123922 911605 12320893 6957607 5363286 198816 198816 35889159 NCUSIF 4531444 EXECUTIVE BENEFOTS LIFE INS 4608627 ACCRUED INTEREST 2340585 INVESTMENT IN CUSOS 241391 PROPERTY HELD FOR SALE 4735735 COLI SPLIT DOLLAR 2738257 FORECLOSED ASSETS 183052 19379091 MEMBER SHARES 471654448 471654448 X 55233073 55233073 55233073 47429751 47429751 47429751 Footnote for uncertain tax position under FIN 48 (Part X) PART X, LINE 2:THE CREDIT UNION IS EXEMPT, BY STATUTUE INTERNAL REVENUE CODE (IRC) SECTION 501 (C)(14), FROM FEDERAL INCOME TAX. THE INCOME TAX TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE MORE LIKELY THEN NOT STANDARD FOR SUBSTANTIABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN IRC SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL INCOME TAXATION OF INCOME DERIVED FROM ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSE. PART X, LINE2:CONTINUEDHOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. IN MARCH 2008, THE IRS RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE CHARTERED CUS SPECIFYING THE REVENUE SOURCES SUBJECT TO UBI TAX. UBI MAY ALSO BE SUBJECT TO STATE TAXES. MANAGEMENT HAS ASSESSED THE CUS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE TAX LIABILITY AND DETERMINED THAT THE CU HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNATION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. CURRENTLY, THE 2019,2018 & 2017 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THESE TAX RETURNS ARE ALSO OPEN TO STATE EXAMINATION. X true true X X X X false true false JEFFREY CONRAD PRESIDENTCEO 352241 51899 2322 28352 434814 MELISSA OTT CFO 193677 31627 344 24883 250531 ANNETTE THAMES COO 212009 18115 973 29019 260116 MICHAEL MORGAN SR VP 182010 20852 530 11530 214922 LEIGH PORTA SR VP 130549 12805 224 9091 152669 LINDSEY RICHARD VP 142810 20606 1135 20188 184739 MICHELLE FORD VP 133882 14200 371 24374 172827 PAIGE CORCORAN VP 156417 10659 1334 28938 197348 JEFFREY CONRAD CEO SPLIT DOLLAR X 2500000 2738257 false true true 2738257 Members or stockholder classes and rights Part VI line 6 ORGANIZATION IS MADE UP OF INDIVIDUALS WHO EACH PAY $5.00 MEMBERSHIP FEE AND DEPOSIT OF $5.00 MINIMUM BALANCE INTO A SHARE (SAVINGS) ACCOUNT. Member election for additional members Part VI line 7a ANY MEMBER WITH A $5.00 MINIMUM BALANCE (PAR VALUE OF A SHARE) IN THEIR REGULAR SHARE (SAVINGS) ACCOUNT IS ENTITLED TO A VOTE ON THE BOARD OF DIRECTORS. ELECTIONS OCCUR AT THE ANNUAL MEMBERSHIP MEETING HELD IN APRIL EACH YEAR. Governing body decisions Part VI line 7b MODIFICATIONS TO THE ARTICLES OF INCORPORATION UNDER WHICH THE CREDIT UNION IS CHARTERED ARE REQUIRED TO BE APPROVED BY A MAJORITY VOTE OF THE MEMBERS. Form 990 governing body review Part VI line 11 FORM 990 IS IS REVIEWED BY SENIOR MANAGEMENT EMPLOYEES BEFORE BEING EMAILED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING. Conflict of interest policy compliance Part VI line 12c OUR INDEPENDENT CPA FIRM IN CONJUNCTION WITH THE SUPERVISORY COMMITTEE, REVIEW INTERNAL CONTROLS AND CONFLICTS OF INTEREST REGULARLY AND CONSISTENLY (ANNUALLLY). THIS INFORMATION IS REPORTED DIRECTLY TO THE BOARD OF DIRECTORS AND MANAGEMENT. IN BETWEEN THOSE REVIEWS OUR INTERNAL AUDIT DEPARTMENT REVIEWS THE CONFLICT OF INTEREST POLICY, AND REPORTS BACK TO SENIOR MANAGEMENT. ADDITIONALLY, THE CREDIT UNION SUBSCRIBES TO ETHICSPOINT SOFTWARE, WHERE EMPLOYEES CAN ANONYMOUSLY REPORT SUSPICIONS OR CONCERNS. THESE REPORTS ARE IMMEDIATELY COMMUNICATED TO ALL SENIOR MANAGEMENT AND HR UNLESS A CONCERN LIES WITH A SENIOR MANAGER, AT WHICH POINT THE REPORT WOULD BE COMMUNICATED TO ALL OTHER SENIOR MANAGERS AND A REPRESENTATIVE OF THE SUPERVISORY COMMITTEE. CEO executive director top management comp Part VI line 15a ALL EMPLOYEES SALARIES INCLUDING KEY EMPLOYEES ARE DETERMINED BY A SALARY SOFTWARE. SOFTWARE INTEGRATED SALARY SURVEYS FROM 3 INDEPENDENT SOURCES TO FORMULATE A SALARY RANGE FOR EACH POSITION, WITH STEP INCREASES BASED ON TENURE IN POSITION. EMPLOYEES UNDERGO A PERFORMANCE REVIEW ANNUALLY WITH A SCORE THAT IS APPLIED AS A MERIT INCREASE, THE SALARY SURVEY DATA DETERMINES IF MARKET INCREASES ARE APPLICABLE IN ADDITION TO THE MERIT INCREASE. Other officer or key employee compensation Part VI line 15b SEE SCHEDULE O FORM 990, PART VI, SECTION B, LINE 15 Governing documents etc available to public Part VI line 19 ALL INFORMATION IS AVAILABLE UPON REQUEST, WITH FINANCIAL DATA PRESENTTED TO MEMBERSHIP AT THE ANNUAL MEMBERSHIP MEETING HELD IN APRIL. Explanation of other changes in net assets or fund balances Part XI line 9 ADJUSTMENT FOR EQUITY ACQUIRED IN MERGER