League Of Southeastern Credit Unions

Organization Overview

League Of Southeastern Credit Unions is located in Tallahassee, FL. The organization was established in 2009. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. League Of Southeastern Credit Unions is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, League Of Southeastern Credit Unions generated $6.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $5.7m during the year ending 12/2021. While expenses have increased by 2.4% 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.

Since 2015, League Of Southeastern Credit Unions has awarded 15 individual grants totaling $937,517. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE ADVANCEMENT AND SUCCESS OF CREDIT UNIONS THROUGH ADVOCACY, INFORMATION AND EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CREDIT UNIONS AND OFFICIALS. DEVELOPING CREDIT UNION PROGRAMS AVAILABLE LEAGUE OF SOUTHEASTERN CREDIT UNIONS 94-3458406 RESEARCH, INFORMATION, AND TECHNICAL SERVICES. ECONOMIC NEWSLETTER TO CREDIT UNIONS. CRISIS TEAM ASSISTANCE AVAILABLE TO CREDIT UNIONS.


COMMUNICATIONS, PUBLIC RELATIONS, PLANNING. BI-WEEKLY GENERAL INFORMATION LETTER TO CREDIT UNIONS AND OFFICIALS. STRATEGIC PLANNING SESSIONS FOR CREDIT UNIONS AROUND STATES. NEWS RELEASES AND ISSUES AFFECTING CREDIT UNIONS.


HUMAN RESOURCE DEVELOPMENT AND EDUCATION.


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Board, Officers & Key Employees

Name (title)Compensation
Richard Skaggs
Secretary
$0
Kevin Johnson
Chair
$0
Caryl Greene
Treasurer
$0
Henry Armstrong
Chair-Elect
$0
Hank Halter
Vice Chair
$0
Patrick Lapine
CEO
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Lscu Service Corporation Inc
Payroll, Human Resources, Accounting, Fa
$2,224,303
Mike Mercer
Consulting Services
$495,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$3,043
Related organizations$715,000
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$718,043
Total Program Service Revenue$4,857,366
Investment income $9,605
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,490
Net Income from Fundraising Events -$7,130
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$517,959
Miscellaneous Revenue$0
Total Revenue $6,559,105

Grants Awarded

Over the last fiscal year, League Of Southeastern Credit Unions has awarded $792,315 in support to 4 organizations.

Grant RecipientAmount

AFFILIATES CONSOIDATED SERVICES LLC

PURPOSE: PAC CONTRIBUTIONS

$450,000

FLORIDA CREDIT UNION POLITICAL ACTION COMMITTEE

PURPOSE: PAC CONTRIBUTIONS

$175,000

ALABAMA CREDIT UNION LEGISLATIVE ACTION COMMITTEE

PURPOSE: PAC CONTRIBUTIONS

$150,000

NATIONAL CREDIT UNION FOUNDATION

Org PageRecipient Profile

Madison, WI

PURPOSE: FINANCIAL WELLNESS TRAINING AND DISASTER RELIEF

$17,315
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that League Of Southeastern Credit Unions has recieved totaling $5,295.

Awarding OrganizationAmount
State Chartered Credit Unions In Florida

Fort Lauderdale, FL

PURPOSE: Charitable donation to support Credit Union friendly candidates for state legislature and constitutional offices throughout Florida.

$5,295
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,180,048
Net Contributions$210,271
Grants$147,770
Ending Balance$1,242,549

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