Overview
What is Louisiana Corp Credit Union?
Louisiana Corp Credit Union is a nonprofit organization situated in Metairie, Louisiana, with a postal address at 3500 N Causeway Blvd Suite 1510, LA 70002. Its primary purpose is to serve the financial needs of its member credit unions by offering money management services and acting as a source of credit. Established in accordance with the Louisiana Credit Union Act, Louisiana Corp Credit Union operates as a cooperative association, employing a team of eight dedicated individuals to accomplish its mission. The organization aims to provide valuable financial services to its credit union members, contributing to their overall operations and success.
Official website here: www.lacorp.com
Is Louisiana Corp Credit Union legitimate?
Louisiana Corp Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Louisiana Corp 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: $360,071
Professional Fundraising Fees: $0
Other Salaries and Wages: $200,735
For more financial information, click here
Official website here: www.lacorp.com
What is the mission statement of Louisiana Corp Credit Union?
Louisiana Corp Credit Union, as a cooperative association, is established under the Louisiana Credit Union Act. Its primary purpose is to serve the financial needs of its member credit unions by managing their funds and providing a source of credit. The organization's main activity involves offering various financial and financially related services to benefit its member credit unions. In essence, Louisiana Corp Credit Union aims to support its member credit unions through financial management and credit provision, thereby enhancing their overall operations.
Official website here: www.lacorp.com
Who is the CEO of Louisiana Corp Credit Union?
David A Savoie is the Ceo of Louisiana Corp Credit Union. The CEO's salary of Louisiana Corp Credit Union is $183,156 and their total compensation is $251,790.
Official website here: www.lacorp.com
What is the revenue of Louisiana Corp Credit Union?
Louisiana Corp Credit Union's revenue in 2022 was $6,131,367.
Official website here: www.lacorp.com
Who are the executives of Louisiana Corp Credit Union and what are their salaries?
The average compensation at Louisiana Corp Credit Union during 2022 was $70,101. There are 8 employees and 6 volunteers at Louisiana Corp Credit Union.
Here are 8 key members and their salaries (Louisiana Corp Credit Union's CEO's salary is $183,156 and their total compensation is $251,790):
- Compensation: $183,156
- Related: $0
- Other: $68,634
- Compensation: $92,468
- Related: $0
- Other: $29,876
- Compensation: $81,160
- Related: $0
- Other: $12,951
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lacorp.com
Where can I find the form 990 for Louisiana Corp Credit Union?
Louisiana Corp Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lacorp.com
Learn more at the official website: www.lacorp.com
Mission Statement of Louisiana Corp Credit Union
Louisiana Corp Credit Union, as a cooperative association, is established with a mission to serve its member credit unions effectively. According to the Louisiana Credit Union Act, this organization is structured to manage finances and create a credit source for its members. In simpler terms, Louisiana Corp Credit Union's primary goal is to support its member credit unions by providing financial and financially related services. This association works diligently to enhance the financial well-being of its members, thereby contributing to the overall stability and growth of the credit union community.
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Impact
October, 2024
Louisiana Corp Credit Union plays a vital role in enhancing the financial well-being of credit unions across the state. By serving as a cooperative association, it facilitates effective money management and provides a reliable source of credit for its member credit unions. This support enables these institutions to offer better services to their own members, ultimately promoting financial stability within the communities they serve. Operating from Metairie, Louisiana, the credit union is committed to ensuring that its member credit unions can thrive and, consequently, deliver more comprehensive financial services to their members. This positive impact fosters economic growth and supports public benefit initiatives throughout Louisiana.
This information is meant to be a general summary of Louisiana Corp 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,724,290
- Program Service Revenue: $3,407,077
- Gross Receipts: $6,131,367
Assets and Liabilities:
- Total Assets: $149,283,172
- Total Liabilities: $134,674,803
- Net Assets: $14,608,369
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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
$126,725
Service Fees
Revenue
$834,427
Miscellaneous
Revenue
$2,445,925
Organization Details
Founding Year
1984
Principal Officer
David A Savoie
Main Address
3500 N Causeway Blvd Suite 1510, Metairie, LA, 70002
Website
www.lacorp.comNTEE Category
Code: W60 - Public benefit
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