Taft Employees Credit Union

Organization Overview

Taft Employees Credit Union is located in Hahnville, LA. Taft Employees Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2018, Taft Employees Credit Union generated $95.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $88.8k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2018

Describe the Organization's Mission:

Part 3 - Line 1

MEMBER OWNED NOT FOR PROFIT FINANCIAL COOPERATIVE. CONTINUE TO PROVIDE MEMBERS WITH AFFORDABLE SOURCES OR SAVINGS AND CREDIT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE MEMBERS WITH AFFORDABLE SOURCES OF CREDIT. 299 LOANS OUTSTANDING TO MEMBERS WITH A TOTAL AMOUNT OF $1,565,588


PROVIDE MEMBERS WITH AFFORDABLE SOURCES OF SAVINGS AND FINANCIAL SERVICES. DEPOSIT ACCOUNTS HELD BY 566 MEMBERS WITH A TOTAL AMOUNT OF $1,822,739.


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Board, Officers & Key Employees

Name (title)Compensation
Kathy Petit
Manager
$39,895
Theresa Zentheofer
Board President
$0
Ricky Pujol
Treasurer
$0
Joanne Barrios
Vice President
$0
Donald Morgan
Board Member
$0
Jeffrey Cedro
Board Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$84,836
Investment income $10,421
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $95,257

Peer Organizations

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