ESSENTIAL CREDIT UNION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: ESSENTIAL CREDIT UNION (EIN 72-0719172)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2026-09-16
IRS object ID: 202612599349301106
Schema version: 2024v5.5
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 J
Schedule L
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2026-09-16T10:04:15-05:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	410746749	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CLIFTONLARSONALLEN LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	311 FINANCIAL WAY SUITE 100	AddressLine1Txt
City	WAUSAU	CityNm
State Abbreviation	WI	StateAbbreviationCd
ZIP	54401	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	720719172	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ESSENTIAL CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	ESSE	BusinessNameControlTxt
Phone	2253538238	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2370 TOWNE CENTER BOULEVARD	AddressLine1Txt
City	BATON ROUGE	CityNm
State Abbreviation	LA	StateAbbreviationCd
ZIP	70806	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	EWA LIPINSKA	PersonNm
Person Title	CFO	PersonTitleTxt
Phone	2253538238	PhoneNum
Signature	2026-09-16	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ANGELICA KRAUTKRAMER	PreparerPersonNm
PTIN	P02005570	PTIN
Phone	7156752351	PhoneNum
Preparation	2026-09-16	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr

Form 990 IRS990

Field	Value	IRS element (for citing)
Application Pending	Yes (X)	ApplicationPendingInd
Principal Officer	RICHARD WILLIAMS	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2370 TOWNE CENTER BOULEVARD	AddressLine1Txt
City	BATON ROUGE	CityNm
State Abbreviation	LA	StateAbbreviationCd
ZIP	70806	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$27,753,115	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	HTTPS://ESSENTIALCU.ORG	WebsiteAddressTxt
Type Of Organization Other	Yes (X)	TypeOfOrganizationOtherInd
Other Organization Dsc	CREDIT UNION	OtherOrganizationDsc
Formation	1972	FormationYr
Legal Domicile State	LA	LegalDomicileStateCd
Activity Or Mission	DEDICATED TO BUILDING A CREDIT UNION THAT PROVIDES OUTSTANDING FINANCIAL SERVICES (LOANS AND DEPOSITS) AT THE LOWEST COST POSSIBLE.	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	139	TotalEmployeeCnt
Total Volunteers	4	TotalVolunteersCnt
Total Gross UBI	$45,865	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$24,571,772	PYProgramServiceRevenueAmt
CY Program Service Revenue	$26,492,149	CYProgramServiceRevenueAmt
PY Investment Income	$887,494	PYInvestmentIncomeAmt
CY Investment Income	$854,579	CYInvestmentIncomeAmt
PY Other Revenue	-$406,387	PYOtherRevenueAmt
CY Other Revenue	$224,679	CYOtherRevenueAmt
PY Total Revenue	$25,052,879	PYTotalRevenueAmt
CY Total Revenue	$27,571,407	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$4,949,789	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$6,792,639	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$8,011,652	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$8,275,136	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$11,332,171	PYOtherExpensesAmt
CY Other Expenses	$15,966,666	CYOtherExpensesAmt
PY Total Expenses	$24,293,612	PYTotalExpensesAmt
CY Total Expenses	$31,034,441	CYTotalExpensesAmt
PY Revenues Less Expenses	$759,267	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$3,463,034	CYRevenuesLessExpensesAmt
Total Assets BOY	$386,709,201	TotalAssetsBOYAmt
Total Assets EOY	$390,096,818	TotalAssetsEOYAmt
Total Liabilities BOY	$355,095,377	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$361,902,539	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$31,613,824	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$28,194,279	NetAssetsOrFundBalancesEOYAmt
Mission	TO PROVIDE A COMMUNITY WITH FINANCIAL SOLUTIONS AND OPTIMAL SERVICE THAT SURPASSES EXPECTATIONS WHILE GIVING BACK TO THE COMMUNITIES IN WHICH WE SERVE.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	WE ARE A MEMBER OWNED COOPERATIVE CREDIT UNION. AT DECEMBER 31, 2024, WE HAD 43,011 MEMBERS. WE HAD $315.3 MILLION IN OUTSTANDING LOANS AND $344.8 MILLION IN TOTAL DEPOSITS.	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	Yes (1)	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	8193	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	139	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	9	GoverningBodyVotingMembersCnt
Independent Voting Member	9	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	Yes (1)	LocalChaptersInd
Policies Reference Chapters	Yes (1)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	LA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RICHARD WILLIAMS	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2253795171	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2370 TOWNE CENTER BLVD	AddressLine1Txt
City	BATON ROUGE	CityNm
State Abbreviation	LA	StateAbbreviationCd
ZIP	70806	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
JOEY JUSTICE
BOARD CHAIR	2.00	Yes (X)	Yes (X)	$6,000	$0	$0
EDMOND JORDAN
BOARD TREASURER	2.00	Yes (X)	Yes (X)	$5,823	$0	$0
STEPHAN PIERRE
BOARD VICE-CHAIR	2.00	Yes (X)	Yes (X)	$4,251	$0	$0
LISA PERRY
BOARD OF DIRECTOR	2.00	Yes (X)		$546	$0	$0
KENITH WOODALL
BOARD OF DIRECTOR	2.00	Yes (X)		$4,639	$0	$0
PERRY ROBEY
BOARD OF DIRECTOR	2.00	Yes (X)		$4,310	$0	$0
LOUISE CROCHET
BOARD OF DIRECTOR	2.00	Yes (X)		$5,256	$0	$0
BOYD J COURVILLE
SUPERVISORY VICE-CHAIR	2.00	Yes (X)		$2,016	$0	$0
STEPHAN PIERRE
SUPERVISORY SECRETARY	2.00	Yes (X)	Yes (X)	$0	$0	$0
SUE HUNT
BOARD OF DIRECTOR	2.00	Yes (X)		$4,266	$0	$0
ROBBIE BAGALEY
BOARD SECRETARY	2.00	Yes (X)		$0	$0	$0
RODNEY COMBS
SUPERVISORY COMMITTEE	2.00	Yes (X)		$0	$0	$0
SHERMAN DUPRE
SUPERVISORY COMMITTEE	2.00	Yes (X)		$6,000	$0	$0
VELVET CABALLERO
SUPERVISORY COMMITTEE	2.00	Yes (X)		$0	$0	$0
RICHARD WILLIAMS
CEO	40.00		Yes (X)	$408,402	$0	$26,258
WESTON MOREAU III
COO	40.00		Yes (X)	$195,884	$0	$22,409
KRUGERRAND HOLLINS
CTO	40.00		Yes (X)	$167,948	$0	$7,907
ALLISON ROGERS BROWN
CMO	40.00			$160,104	$0	$27,003	Yes (X)
KARESA HALL
CAO	40.00			$164,178	$0	$20,639	Yes (X)
STEVE LATTUCA
CFO	40.00			$162,964	$0	$6,810	Yes (X)
DAVID BEAM
VP OF LENDING	40.00			$108,188	$0	$25,264	Yes (X)
LADONNA EVANS-SUTTON
VP OF COMMERCIAL SERVICES	40.00			$117,300	$0	$13,031	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,528,075	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$149,321	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	8	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
NCR
864 SPRING ST	ATLANTA	GA	30308	CONSULTING AND TECHNOLOGY	$808,645
FISERV
255 FISERV DR	BROOKFIELD	WI	53045	TECHNOLOGY	$547,050
MERIDIANLINK
PO BOX 846822	LOS ANGELES	CA	90084	CONSULTING	$314,058
DIGITAL FIRST HOLDINGS LLC
PO BOX 660367	DALLAS	TX	75266	TECHNOLOGY	$284,336
GRAND CONSTRUCTION LLC
4327 JEFFREY DR	BATON ROUGE	LA	70816	RENOVATIONS	$280,827

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	15	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
LOAN INTEREST	522100	$18,443,162	$18,443,162
FEE INCOME	522100	$4,312,917	$4,267,052	$45,865
MISCELLANEOUS	522100	$3,736,070	$3,736,070

Field	Value	IRS element (for citing)
Total Program Service Revenue	$26,492,149	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$854,579	TotalRevenueColumnAmt
Exclusion	$854,579	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$133,901	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$181,708	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	-$47,807	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$47,807	TotalRevenueColumnAmt
Exclusion	-$47,807	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	OTHER NON-INTEREST INCOME	Desc
Business	522100	BusinessCd
Total Revenue Column	$272,486	TotalRevenueColumnAmt
Related Or Exempt Func Income	$272,486	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$272,486	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$27,571,407	TotalRevenueColumnAmt
Related Or Exempt Func Income	$26,718,770	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$45,865	UnrelatedBusinessRevenueAmt
Exclusion	$806,772	ExclusionAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$6,792,639	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$871,915	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$5,887,113	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$175,247	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$824,406	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$516,455	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$207,838	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$180,000	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$1,761,575	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$607,546	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,355,691	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$3,966,374	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$105,094	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$540,905	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$523,735	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
PROVISION FOR CREDIT LO	$4,940,552
LOAN SERVICING	$917,721
MISCELLANEOUS	$685,468
OPERATING FEES	$174,167

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$31,034,441	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$7,590,889	BOYAmt
EOY	$17,815,157	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$12,486,568	BOYAmt
EOY	$10,055,001	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$244,935	BOYAmt
EOY	$284,008	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$4,113,003	BOYAmt
EOY	$4,220,237	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$315,668,607	BOYAmt
EOY	$310,243,059	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$1,689,747	BOYAmt
EOY	$1,473,034	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$37,064,451	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$12,264,850	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$23,926,611	BOYAmt
EOY	$24,799,601	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$10,632,095	BOYAmt
EOY	$10,099,076	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$10,356,746	BOYAmt
EOY	$11,107,645	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$386,709,201	BOYAmt
EOY	$390,096,818	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$4,809,840	BOYAmt
EOY	$643,999	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$177,621	BOYAmt
EOY	$271,191	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$11,500,000	BOYAmt
EOY	$16,500,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$338,607,916	BOYAmt
EOY	$344,487,349	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$355,095,377	BOYAmt
EOY	$361,902,539	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$31,613,824	BOYAmt
EOY	$28,194,279	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$31,613,824	BOYAmt
EOY	$28,194,279	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$386,709,201	BOYAmt
EOY	$390,096,818	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$3,463,034	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$43,489	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$4,799,232	OtherCostOrOtherBasisAmt
Book Value	$4,799,232	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$21,819,734	OtherCostOrOtherBasisAmt
Depreciation	$5,754,921	DepreciationAmt
Book Value	$16,064,813	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$913,436	OtherCostOrOtherBasisAmt
Depreciation	$913,436	DepreciationAmt
Book Value	$0	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$7,980,156	OtherCostOrOtherBasisAmt
Depreciation	$5,596,493	DepreciationAmt
Book Value	$2,383,663	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,551,893	OtherCostOrOtherBasisAmt
Book Value	$1,551,893	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$24,799,601	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
MEMBER DEPOSITS	$275,350,644
NONMEMBER DEPOSITS	$69,136,705

Field	Value	IRS element (for citing)
Total Liability	$344,487,349	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE (IRC) 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNIONS CONVERSION TO A STATE-CHARTERED CREDIT UNION ON DECEMBER 1, 2022, RESULTED IN IT BEING SUBJECT TO UNRELATED BUSINESS INCOME TAX. ALSO, AS A RESULT OF BECOMING A STATE-CHARTERED CREDIT UNION, THE CREDIT UNION BEGAN PAYING STATE SALES AND USE TAXES. THE CREDIT UNION HAS FILED TAX RETURNS FOR ACTIVITIES THEY HAVE DEEMED TAXABLE. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2024. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNIONS EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNIONS FINANCIAL POSITION OR RESULTS OF OPERATIONS.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
RICHARD WILLIAMS
CEO	$341,972	$0	$66,430	$0	$0	$0	$11,143	$0	$15,115	$0	$434,660	$0	$0	$0
WESTON MOREAU III
COO	$186,447	$0	$9,437	$0	$0	$0	$8,153	$0	$14,256	$0	$218,293	$0	$0	$0
ALLISON ROGERS BROWN
CMO	$152,393	$0	$7,711	$0	$0	$0	$6,430	$0	$20,573	$0	$187,107	$0	$0	$0
KARESA HALL
CAO	$156,828	$0	$7,350	$0	$0	$0	$6,420	$0	$14,219	$0	$184,817	$0	$0	$0
KRUGERRAND HOLLINS
CTO	$160,312	$0	$7,636	$0	$0	$0	$6,827	$0	$1,080	$0	$175,855	$0	$0	$0
STEVE LATTUCA
CFO	$155,364	$0	$7,600	$0	$0	$0	$6,641	$0	$169	$0	$169,774	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 3	FormAndLineReferenceDesc
Explanation	THE CAO OBTAINS AN EXECUTIVE COMPENSATION SURVEY AND THE BOARD REVIEWS ON THE CEO'S PERFORMANCE AND DETERMINES THE APPROPRIATENESS OF THE COMPENSATION LEVEL	ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

Field	Value	IRS element (for citing)
Person	RICHARD WILLIAMS	PersonNm
Relationship With Org	CEO	RelationshipWithOrgTxt
Loan Purpose	SPLIT DOLLAR LOAN	LoanPurposeTxt
Loan From Organization	Yes (X)	LoanFromOrganizationInd
Original Principal	$3,500,000	OriginalPrincipalAmt
Balance Due	$4,220,237	BalanceDueAmt
Default	0	DefaultInd
Board Or Committee Approval	Yes (1)	BoardOrCommitteeApprovalInd
Written Agreement	Yes (1)	WrittenAgreementInd

Field	Value	IRS element (for citing)
Total Balance Due	$4,220,237	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6	ALL MEMBERS OF THE CREDIT UNION HAVE AN EQUAL SHARE OF OWNERSHIP RIGHTS.
FORM 990, PART VI, SECTION A, LINE 7A	THE MEMBERSHIP VOTES ON BOARD MEMBERS ANNUALLY.
FORM 990, PART VI, SECTION A, LINE 7B	MEMBERS VOTE ON LARGER DECISIONS AFFECTING THE CREDIT UNIONS SUCH AS MERGERS AND CHANGE IN CHARTER.
FORM 990, PART VI, SECTION B, LINE 11B	CEO AND CFO REVIEW THE 990 AND INFORM BOARD OF DIRECTORS THAT IT HAS BEEN COMPLETED AND MAKE IT AVAILABLE FOR THEIR REVIEW.
FORM 990, PART VI, SECTION B, LINE 12C	BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO REPORT ANNUALLY ALL RELATIONSHIPS WITH THE CREDIT UNION. IF THERE IS A CONFLICT OF INTEREST, THE FULL BOARD OF DIRECTORS WILL ADDRESS THE SITUATION
FORM 990, PART VI, SECTION B, LINE 15	THE BOARD OF DIRECTORS PREPARES AN ANNUAL REVIEW OF THE PRESIDENT'S PERFORMANCE. THE PRESIDENT REVIEWS THE PERFORMANCE OF OTHER KEY EMPLOYEES. VP OF HR OBTAINS A SALARY SURVEY TO ENSURE THAT KEY EMPLOYEE SALARIES ARE REASONABLE. PERFORMANCE REVIEWS ARE WRITTEN AND KEPT IN PERSONNEL FILES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023.
FORM 990, PART VI, SECTION C, LINE 19	UPON REQUEST, THE EXECUTIVE ASSISTANT WILL MAKE THE DOCUMENTS AVAILABLE VIA E-MAIL.
FORM 990, PART XII, LINE 2C	THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	ESSENTIAL TAG AND TITLE LLC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 66598	AddressLine1Txt
City	BATON ROUGE	CityNm
State Abbreviation	LA	StateAbbreviationCd
ZIP	70896	ZIPCd

Field	Value	IRS element (for citing)
EIN	932163831	EIN
Primary Activities	TITLE SERVICES	PrimaryActivitiesTxt
Legal Domicile State	LA	LegalDomicileStateCd
Total Income	-$39,832	TotalIncomeAmt
End Of Year Assets	$360,764	EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	ESSENTIAL CREDIT UNION	BusinessNameLine1Txt