State Chartered Credit Unions In Louisiana

Organization Overview

State Chartered Credit Unions In Louisiana is located in Abbeville, LA. The organization was established in 1969. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, State Chartered Credit Unions In Louisiana employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. State Chartered Credit Unions In Louisiana 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 12/2021, State Chartered Credit Unions In Louisiana generated $320.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $254.0k during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CREDIT UNION - MUTUAL/MEMBERSHIP BENEFITS PROGRAM

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES MEMBERS WITH AFFORDABLE SOURCE OF SAVINGS AND BORROWING


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Board, Officers & Key Employees

Name (title)Compensation
Chasity D Landry
Ceo/manager
$46,000
Onezime J Dore
Treasurer
$0
Kirk Soileau
President
$0
Nanette Baudoin
Secretary
$0
Gregory Theriot
Vice President
$0
H Clyde Webb
Director
$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$0
Investment income $33,329
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 $320,258

Peer Organizations

Organization NameAssets
Credit Union Of Texas
Allen, TX
$114,589,686
First Community Credit Union Of Houston
Houston, TX
$83,936,302
Texas Trust Credit Union
Arlington, TX
$77,667,084
Intouch Credit Union
Plano, TX
$47,406,759
State Chartered Credit Unions In Louisiana
Baton Rouge, LA
$59,950,337
Firstmark Credit Union
San Antonio, TX
$50,715,745
United Heritage Credit Union
Austin, TX
$55,051,200
First Service Credit Union
Houston, TX
$54,328,304
Neighborhood Credit Union
Dallas, TX
$52,511,237
Velocity Credit Union
Austin, TX
$65,298,866
Texans Credit Union
Richardson, TX
$56,103,692
Resource One Credit Union
Dallas, TX
$42,535,084

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