STATE CHARTERED CREDIT UNIONS IN LOUISIANA: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
STATE CHARTERED CREDIT UNIONS IN LOUISIANA (EIN 72-0440119)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-03-19
IRS object ID
202520789349300012
Schema version
2024v5.0
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

FieldValueIRS element (for citing)
Return2025-03-19T08:50:44-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN720440119EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FEDERAL EMPLOYEES CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% SHARON HESTERInCareOfNm
Business Name ControlFEDEBusinessNameControlTxt
Phone3183873215PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 5006AddressLine1Txt
CityMONROECityNm
State AbbreviationLAStateAbbreviationCd
ZIP71211ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSHARON HESTERPersonNm
Person TitleMANAGERPersonTitleTxt
Phone3183873215PhoneNum
Signature2025-03-19SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSHARON K HESTERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1416 SHERIDAN AVEAddressLine1Txt
CityMONROECityNm
State AbbreviationLAStateAbbreviationCd
ZIP71201ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,043,647GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Type Of Organization OtherYes (X)TypeOfOrganizationOtherInd
Other Organization DscCREDIT UNIONOtherOrganizationDsc
Formation1942FormationYr
Legal Domicile StateLALegalDomicileStateCd
Activity Or MissionSTATE CHARTERED CREDIT UNION THAT SERVES MEMBERS IN THE 712 ZIP CODE AREAActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee4TotalEmployeeCnt
Total Volunteers10TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
CY Contributions Grants$0CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$104,486PYInvestmentIncomeAmt
CY Investment Income$130,503CYInvestmentIncomeAmt
PY Other Revenue$800,656PYOtherRevenueAmt
CY Other Revenue$913,144CYOtherRevenueAmt
PY Total Revenue$905,142PYTotalRevenueAmt
CY Total Revenue$1,043,647CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$393,021PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$384,972CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$351,867PYOtherExpensesAmt
CY Other Expenses$438,381CYOtherExpensesAmt
PY Total Expenses$744,888PYTotalExpensesAmt
CY Total Expenses$823,353CYTotalExpensesAmt
PY Revenues Less Expenses$160,254PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$220,294CYRevenuesLessExpensesAmt
Total Assets BOY$22,365,616TotalAssetsBOYAmt
Total Assets EOY$21,620,253TotalAssetsEOYAmt
Total Liabilities BOY$100,579TotalLiabilitiesBOYAmt
Total Liabilities EOY$154,556TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$22,265,037NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$21,465,697NetAssetsOrFundBalancesEOYAmt
MissionSTATE CHARTERED CREDIT UNION THAT SERVES MEMBERS IN THE 712 ZIP CODE AREA.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$724,375ExpenseAmt
Revenue$1,043,647RevenueAmt
DescSERVE MEMBERS IN THE 712 ZIP CODE AREADesc
Total Program Service Expenses$724,375TotalProgramServiceExpensesAmt
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee4EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldLAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FEDERAL EMPLOYEES CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3183873215PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1416 SHERIDAN AVEAddressLine1Txt
CityMONROECityNm
State AbbreviationLAStateAbbreviationCd
ZIP71201ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp

FieldValueIRS element (for citing)
PersonSHARON HESTERPersonNm
TitleMANAGERTitleTxt
Average Hours Per Week40.00AverageHoursPerWeekRt
Average Hours Per Week Rltd Org0.00AverageHoursPerWeekRltdOrgRt
Highest Compensated EmployeeYes (X)HighestCompensatedEmployeeInd
Reportable Comp From Org$124,396ReportableCompFromOrgAmt
Reportable Comp From Rltd Org$0ReportableCompFromRltdOrgAmt
Other Compensation$0OtherCompensationAmt
FieldValueIRS element (for citing)
Total Reportable Comp From Org$124,396TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$130,503TotalRevenueColumnAmt
Related Or Exempt Func Income$130,503RelatedOrExemptFuncIncomeAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
CREDIT UNIONS522100$821,787$821,787
CREDIT UNON522100$91,357$91,357
FieldValueIRS element (for citing)
Other Revenue Total$913,144OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,043,647TotalRevenueColumnAmt
Related Or Exempt Func Income$1,043,647RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$124,396TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$182,819TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$31,673TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$19,534TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$26,550TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$580TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$25,600TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,450TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$43,432TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$99,517TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$29,594TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$23,884TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$12,999TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
DIVIDENDS PAID TO MEMBERS$98,978
PROVISION FOR LOAN LOSSES$30,000
PROFESSIONAL & OUTSIDE SE$57,070
LOAN SERVICING$9,608

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$5,669TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$823,353TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$162,157BOYAmt
EOY$386,842EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$7,393,348BOYAmt
EOY$5,436,574EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$14,391,978BOYAmt
EOY$15,402,776EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$13,260BOYAmt
EOY$18,694EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$719,590LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$539,286LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$204,188BOYAmt
EOY$180,304EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$200,685BOYAmt
EOY$195,063EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$22,365,616BOYAmt
EOY$21,620,253EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$100,579BOYAmt
EOY$154,556EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$100,579BOYAmt
EOY$154,556EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$15,494,521BOYAmt
EOY$14,474,886EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$6,770,516BOYAmt
EOY$6,990,811EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$22,265,037BOYAmt
EOY$21,465,697EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$22,365,616BOYAmt
EOY$21,620,253EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$220,294ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$1,019,634OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewYes (true)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$535,439InvestmentCostOrOtherBasisAmt
Depreciation$366,941DepreciationAmt
Book Value$168,498BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$184,151InvestmentCostOrOtherBasisAmt
Depreciation$172,345DepreciationAmt
Book Value$11,806BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$180,304TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$1,043,647TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$1,043,647RevenueSubtotalAmt
Total Revenue Per Form990$1,043,647TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$823,353TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$823,353ExpensesSubtotalAmt
Total Expenses Per Form990$823,353TotalExpensesPerForm990Amt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part VI Line 6THE CREDIT UNION IS OWNED BY IT'S MEMBERS.
Part VI Line 7aMEMBERS, THE MEMBERS OF THE CREDIT UNION ELECT THE BOARD OF DIRECTORS.
Part VI Line 7bMEMBERS
Part VI Line 7bCERTAIN ACTIONS MUST HAVE APPROVAL BY THE CREDIT UNION MEMBERSHIP, EACH
Part VI Line 11bNO REVIEW WAS DONE
Part VI Line 19THE BOARD OF DIRECTORS MEET MONTHLY TO REVIEW FINANCIAL STATEMENTS.
Part VI Line 19A FINANCIAL STATEMENT IS POSTED IN THE LOBBY EACH MONTH, AN ANNUAL
Part XI Line 9SHARE ACCOUNT DECREASES
Part XI Line 9SHARE ACCOUNT BALANCES DECREASED FROM PRIOR YEAR.

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