Southwest Louisiana Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 720454922 ✦ Lake charles, LA ✦ Designated as a 501(c)(14)

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Overview

What is Southwest Louisiana Credit Union?

Southwest Louisiana Credit Union is a Lake Charles, Louisiana-based financial institution that catered to its members' unique financial requirements. The credit union's mission is to provide assistance in managing personal finances effectively, offering a range of programs focused on budgeting, savings, and more. This community-driven organization aims to help members navigate their financial landscape with confidence and ease.


Official website here: www.swlacu.com

Is Southwest Louisiana Credit Union legitimate?

Southwest Louisiana Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Southwest Louisiana Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,515,768

For more financial information, click here


Official website here: www.swlacu.com

What is the mission statement of Southwest Louisiana Credit Union?

Southwest Louisiana Credit Union is dedicated to aiding its members in managing their financial needs. Based in Lake Charles, Louisiana, the financial institution provides various programs to assist members in enhancing their budgeting skills and saving strategies. By offering these resources, Southwest Louisiana Credit Union aims to empower its members to effectively manage their financial situation. The credit union's mission encompasses more than just offering financial services; it seeks to provide the knowledge and tools necessary for members to make informed decisions about their money. Through its commitment to financial education, Southwest Louisiana Credit Union enables its members to achieve their financial goals and build a secure financial future.


Official website here: www.swlacu.com

Who is the CEO of Southwest Louisiana Credit Union?

Chad Miller is the Chief Executive Officer of Southwest Louisiana Credit Union. The CEO's salary of Southwest Louisiana Credit Union is $0 and their total compensation is $0.


Official website here: www.swlacu.com

What is the revenue of Southwest Louisiana Credit Union?

Southwest Louisiana Credit Union's revenue in 2022 was $14,658,995.


Official website here: www.swlacu.com

Who are the executives of Southwest Louisiana Credit Union and what are their salaries?

The average compensation at Southwest Louisiana Credit Union during 2022 was $36,623. There are 96 employees at Southwest Louisiana Credit Union.


Here are 14 key members and their salaries (Southwest Louisiana Credit Union's CEO's salary is $0 and their total compensation is $0):


Allen Abshire (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Edwards (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gene Steech (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheyanna Glyenn (Supervisory Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Swire (Supervisory Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Renee Davis (Supervisory Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Dronet (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Smith (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Istre (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Wilkie (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Collins (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alton Childs (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chad Miller (Chief Executive Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angie Bellow (Chief Administrative Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.swlacu.com

Where can I find the form 990 for Southwest Louisiana Credit Union?

Southwest Louisiana Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.swlacu.com

Learn more at the official website: www.swlacu.com

Mission Statement of Southwest Louisiana Credit Union

Southwest Louisiana Credit Union, a financial institution based in Louisiana, is dedicated to aiding its members in managing their financial requirements. The organization's primary objective is to offer assistance in areas such as budgeting and savings.

In practice, Southwest Louisiana Credit Union strives to empower its members to take control of their finances by providing them with the necessary tools and resources. This includes a range of programs designed to help individuals plan for their financial future and make informed decisions regarding their money matters. By working closely with each member, the credit union aims to foster a sense of financial confidence and stability.

Moreover, Southwest Louisiana Credit Union's team of financial experts and professionals are committed to ensuring that members receive personalized guidance and support. Through their expertise, they help members navigate the complexities of financial management, making the process more accessible and understanding. In doing so, the credit union fosters a strong sense of community and collaboration among its members, as they work together towards financial success.

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Impact




October, 2024

Southwest Louisiana Credit Union significantly impacts its community by providing essential financial services to its members in Lake Charles, LA. The institution focuses on helping individuals navigate their financial journeys, offering programs aimed at budgeting and savings to empower members to achieve their financial goals. Through these initiatives, Southwest Louisiana Credit Union fosters financial literacy and stability within the community, enhancing overall well-being and economic resilience.




This information is meant to be a general summary of Southwest Louisiana Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$14,658,995 (2022)
201120122013201420152016201720182019202020212022$0$4M$8M$12M$16M
Expenses
$11,804,489 (2022)
201120122013201420152016201720182019202020212022$0$3M$6M$9M$12M
Efficiency
2011201220132014201520162017201820192020202120220%8%16%24%39%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $380,073
  • Program Service Revenue: $7,254,538
  • Gross Receipts: $14,658,995

Assets and Liabilities:

  • Total Assets: $172,091,572
  • Total Liabilities: $148,584,299
  • Net Assets: $23,507,273

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Interest on Loans

Revenue

$7,254,538

Organization Details

Founding Year

1952

Principal Officer

Chad Miller

Main Address

4056 Ryan Street, Lake Charles, LA, 70605

NTEE Category

Code: W60 - Public benefit

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