Louisiana Central Credit Union

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

EIN: 720502575 ✦ Harahan, LA ✦ Designated as a 501(c)(14)

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Overview

What is Louisiana Central Credit Union?

Louisiana Central Credit Union is a nonprofit financial institution situated at 824 Elmwood Park Blvd 100, Harahan, LA 70123. Their mission is to offer consumer lending services, financial transactions, and a variety of insurance benefits and coverages to individuals from diverse backgrounds. The credit union strives to operate in a well-managed and financially sound manner, aiming to gain acceptance and respect within the community. As of December 31, 2021, they had 3,060 members and managed 4,098 deposit accounts.


Official website here: www.louisianacentral.org

What do the Facebook reviews say about Louisiana Central Credit Union?

92% of 10 reviewers on Facebook recommend Louisiana Central Credit Union. Here is a summary of their reviews:

The general sentiment towards Louisiana Central Credit Union is overwhelmingly positive. Users express appreciation for the helpfulness of the staff, highlighting the supportive environment they experience when seeking assistance. Reviewers feel valued and supported in their financial journeys.

Overall, this credit union effectively meets the needs of its members, fostering a sense of community and trust. The consistent praise for service quality indicates that the organization is dedicated to fulfilling its promises to users.


This AI summary has been generated from reviews found on Facebook.

Is Louisiana Central Credit Union legitimate?

Louisiana Central Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Louisiana Central 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: $256,363

For more financial information, click here


Official website here: www.louisianacentral.org

What is the mission statement of Louisiana Central Credit Union?

Louisiana Central Credit Union's mission is centered around creating an environment of care for its members. It aims to offer consumer lending services, financial transactions, and various insurance benefits and coverages. The credit union strives to operate in a well-managed and financially sound manner, with respect and acceptance within the community. Its primary goal is to provide these services to individuals of diverse backgrounds, ensuring that they have access to these facilities.


Official website here: www.louisianacentral.org

Who is the CEO of Louisiana Central Credit Union?

Henry Orgeron is the Chairman Of The Board of Louisiana Central Credit Union.


Official website here: www.louisianacentral.org

What is the revenue of Louisiana Central Credit Union?

Louisiana Central Credit Union's revenue in 2021 was $897,508.


Official website here: www.louisianacentral.org

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


Here are 5 key members and their salaries:


Effie Chaisson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry Orgeron (Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Connie Kennely (Vice-Chairwoman Of The B)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Prunty (Financial Officer Of The B)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Rupport (Secretary Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.louisianacentral.org

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

Louisiana Central Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.louisianacentral.org

Learn more at the official website: www.louisianacentral.org

Mission Statement of Louisiana Central Credit Union

Louisiana Central Credit Union, with a mission to create an environment of care, aims to offer consumer lending services, financial transactions, and insurance benefits to individuals from various backgrounds. The credit union's goal is to establish a well-managed and financially sound organization that is respected within the community. By providing these services, Louisiana Central Credit Union seeks to offer its members the highest possible return on their savings, ensuring their deposits are both secure and profitable. The credit union's membership currently stands at 3,060 members, with a total of 4,098 deposit accounts as of December 31, 2021.

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Impact




October, 2024

Louisiana Central Credit Union plays a significant role in fostering financial stability and support within the Harahan community and beyond. By offering a variety of consumer lending services and financial transactions, it meets the diverse needs of its members, who come from all walks of life. The credit union emphasizes an atmosphere of caring, ensuring that financial services are accessible and inclusive.

With a membership of over 3,000 and nearly 4,100 deposit accounts as of the end of 2021, Louisiana Central Credit Union not only serves its members with competitive returns on deposits but also provides a robust range of insurance benefits and coverage options. This commitment enhances the financial well-being of its members and contributes to the overall economic health of the community. By maintaining strong management practices and fiscal responsibility, Louisiana Central Credit Union stands out as a respected institution that prioritizes the needs of its members while promoting community trust and support.




This information is meant to be a general summary of Louisiana Central 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
$897,508 (2021)
Expenses
$645,612 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $52,106
  • Gross Receipts: $897,508

Assets and Liabilities:

  • Total Assets: $13,783,074
  • Total Liabilities: $12,869,444
  • Net Assets: $913,630

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Organization Details

Founding Year

1942

Principal Officer

Henry Orgeron

Main Address

824 ELMWOOD PARK BLVD 100, HARAHAN, LA, 70123

NTEE Category

Code: W60 - Public benefit

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