Louisiana Credit Union League
- Assets
- $5.0m
- Revenue
- $2.1m
- Investments
- $1.0k
- Employees
- 15
- Location
- Harahan, LA
- Founding
- 06/1949
- Data as of
- 12/2023
- EIN
- 72-0244197
Organization Overview
Louisiana Credit Union League is located in Harahan, LA. The organization was established in 1949. 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 12/2023, Louisiana Credit Union League employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Credit Union League 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 12/2023, Louisiana Credit Union League generated $2.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 5.7% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SERVICES TO CREDIT UNIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES TO CREDIT UNIONS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juan Fernandez Ceballos CEO | OfficerTrustee | 40 | $162,269 |
Rhonda Hotard Director | Trustee | 2 | $0 |
Rodney Parker Director | Trustee | 2 | $0 |
Brian Burton Director | Trustee | 2 | $0 |
Chris Chelette Director | Trustee | 2 | $0 |
Lawoka Bolden Director | Trustee | 2 | $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 | $1,894,514 |
| Investment income | $175,941 |
| 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 | $2,070,455 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $693,519 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $153,576 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $252,185 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,268 |
| Travel | $82,146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,215 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $11,619 |
| Total functional expenses | $1,972,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,462 |
| Savings and temporary cash investments | $3,649,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,214 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $628,858 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $226,061 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,170 |
| Total assets | $5,036,765 |
| Accounts payable and accrued expenses | $124,512 |
| Grants payable | $0 |
| Deferred revenue | $11,035 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $132,085 |
| Total liabilities | $267,632 |
| Net assets without donor restrictions | $4,699,670 |
| Net assets with donor restrictions | $69,463 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,036,765 |