Cf-La Credit Union

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

EIN: 720868372 ✦ Donaldsonville, LA ✦ Designated as a 501(c)(14)

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Overview

What is Cf-La Credit Union?

Cf-La Credit Union is a financial institution, situated in Donaldsonville, Louisiana, that specializes in offering affordable banking services to its members. With a small team of one dedicated individual, this credit union prioritizes affordability and accessibility for its clientele. The mission of Cf-La Credit Union is to provide financial solutions that cater to the needs of its members, ensuring they have the tools necessary for financial stability and success.


Official website here: www.cflacu

Is Cf-La Credit Union legitimate?

Cf-La Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cf-La 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: $87,662

For more financial information, click here


Official website here: www.cflacu

What is the mission statement of Cf-La Credit Union?

Cf-La Credit Union, as a financial institution, is dedicated to offering affordable banking services to its members. The primary mission of this organization is to ensure that its members have accessible and reasonably priced financial solutions. By providing these services, Cf-La Credit Union aims to contribute positively to its members' financial well-being. The institution's activities are centered around making banking services more affordable and within reach for its members. It is crucial to note that Cf-La Credit Union is committed to serving its members, prioritizing affordability in its banking services.


Official website here: www.cflacu

Who is the CEO of Cf-La Credit Union?

Duane Lee is the President of Cf-La Credit Union.


Official website here: www.cflacu

What is the revenue of Cf-La Credit Union?

Cf-La Credit Union's revenue in 2022 was $183,251.


Official website here: www.cflacu

Who are the executives of Cf-La Credit Union and what are their salaries?

The average compensation at Cf-La Credit Union during 2022 was $87,662. There is 1 employee and 10 volunteers at Cf-La Credit Union.


Here are 7 key members and their salaries:


Duane Lee (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Toni Simon (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lyndon Pousson Jr (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Janis (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yvonne Cortez (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jarett Daigle (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jamie Gravois (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cflacu

Where can I find the form 990 for Cf-La Credit Union?

Cf-La Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cflacu

Learn more at the official website: www.cflacu

Mission Statement of Cf-La Credit Union

Cf-La Credit Union, as a financial institution, is committed to providing affordable banking services to its members. In simpler terms, this nonprofit organization is dedicated to making financial services accessible and affordable for its members, ensuring they can manage their finances effectively without facing exorbitant fees or high-interest rates. By doing so, Cf-La Credit Union aims to contribute positively to its members' financial well-being, enabling them to achieve their financial goals more efficiently.

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Impact




October, 2024

Cf-La Credit Union has a significant impact on the community by providing affordable banking services to its members. Located in Donaldsonville, Louisiana, it plays a crucial role in promoting financial inclusion and stability. By offering accessible financial products, Cf-La Credit Union helps individuals and families manage their finances more effectively, fostering economic empowerment within the local community. Its commitment to affordable banking contributes to the overall public benefit, ensuring that members have the resources they need to achieve their financial goals.




This information is meant to be a general summary of Cf-La 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
$183,251 (2022)
Expenses
$204,033 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $31,869
  • Program Service Revenue: $147,330
  • Gross Receipts: $183,251

Assets and Liabilities:

  • Total Assets: $9,514,196
  • Total Liabilities: $3,802
  • Net Assets: $9,510,394

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Programs

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

BANKING ACTIVITIES

Revenue

$147,330

Organization Details

Founding Year

1978

Principal Officer

Duane Lee

Main Address

PO BOX 468, DONALDSONVILLE, LA, 70346

Website

www.cflacu

NTEE Category

Code: W60 - Public benefit

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