2024-05-10T11:18:03-04:00 2023-12-31 721506949 Griffin and Furman LLC P O Box 983 Mandeville LA 70470 990 2023-01-01 720454922 Southwest Louisiana Credit Union SOUT 4056 Ryan Street Lake Charles LA 70605 Chad Miller Chief Executive 3374779190 2024-05-07 true Chad Miller true Stephen M Griffin CPA P00442471 9857279924 2024-05-10 2 00 AAL1 IAL1 2023 2023-04-26 12:10:37Z 14677259 false X www.swlacu.com X 1952 LA helping members with their financial needs 9 9 85 0 0 481535 7254538 8612353 380073 382705 7024384 5200666 14658995 14677259 0 0 4687136 5326070 0 0 7117353 8485815 11804489 13811885 2854506 865374 172091572 171969478 148584299 147900563 23507273 24068915 helping members with their financial needs false false 13811885 help members with financial needs 13811885 false false false false false false false false true false false false false false true false false false false false false false false false false false false true false true false false false false false false false false false false false false false true 0 0 true 85 true false false false false false false false false X 9 9 false false false false true true true true true false true true true true false false false true false false false false LA X William Wilkie 3374779190 4056 Ryan Street Lake Charles LA 70605 Chad Miller Chief Executive Officer 40.00 0.00 X 250903 0 0 Angie Bellow Chief Administrative Officer 40.00 0.00 X 136518 0 0 Shelley Flores Chief Financial Officer 40.00 0.00 X 108309 0 0 Brandy Lee Chief Operating Officer 40.00 0.00 X 101923 0 0 Christina Davis Chief Learning Officer 40.00 0.00 X 99795 0 0 Linda Sterling Chief Revenue Officer 40.00 0.00 X 99257 0 0 Terry Swire Board Member 2.00 0.00 X 0 0 0 Kenneth Thomas Supervisory Committee Member 2.00 0.00 X 0 0 0 Cheyanna Glyenn Supervisory Committee Member 2.00 0.00 X 0 0 0 Donna Smith Board Member 2.00 0.00 X 0 0 0 Kevin Istre Board Member 2.00 0.00 X 0 0 0 Gene Steech Board Member 2.00 0.00 X 0 0 0 Renee Davis Supervisory Committee Member 2.00 0.00 X 0 0 0 Michael Dronet Board Member 2.00 0.00 X 0 0 0 William Wilkie Treasurer 2.00 0.00 X X 0 0 0 Robert Collins Chairperson 2.00 0.00 X X 0 0 0 Alton Childs Secretary 2.00 0.00 X X 0 0 0 Chris Edwards Vice Chairperson 2.00 0.00 X 0 0 0 796705 0 0 4 false true false 481535 481535 Interest on Loans 522100 8612353 8612353 8612353 382705 382705 Fee Income 522100 2598969 2598969 Interchange Income 522100 1855257 1855257 Other Exempt Income 522100 746440 746440 5200666 14677259 14195724 0 0 4041809 4041809 481928 481928 492818 492818 309515 309515 25513 25513 15740 15740 432059 432059 416525 416525 110703 110703 884254 884254 10516 10516 150144 150144 1417178 1417178 515241 515241 Provision for Loan Loss 1538132 1538132 Miscellaneous Expense 291897 291897 Servicing Expense 2145289 2145289 Maintenance 260994 260994 271630 271630 13811885 13811885 0 0 8455747 4883583 19640508 15187845 2333247 2337437 855684 1309855 127283430 132361363 382681 425758 11946280 2823151 8863610 9123129 4276665 6340508 172091572 171969478 148584299 147900563 148584299 147900563 X 23507273 24068915 23507273 24068915 172091572 171969478 865374 123647 -427379 0 X false true X true false 2029289 2029289 7742966 1585665 6157301 2174025 1237486 936539 9123129 CIPL 64250 Other 597920 CDFI Grant Revenue REC 1778839 Charitable Donation Acct Invest 841474 Debit Card Settlement Deposit 510000 Benefit Prefunding 2119016 CIP 429009 6340508 14677259 14677259 14677259 13811885 13811885 13811885 Chad Miller Chief Executive Officer 250903 250903 Robert Collins Board Member Consumer - 4 X 28370 7399 false true true Robert Collins Board Member Consumer - 65 X 221904 122950 false true true Robert Collins Board Member Consumer - 66 X 100000 42973 false true true Michael Dronet Board Member Consumer - 60 X 48790 31934 false true true Kevin Istre Board Member Consumer - 061 X 125375 95772 false true true Chris Edwards Board Member Consumer - 006 X 20093 3373 false true true Chris Edwards Board Member Consumer - 5 X 53253 8670 false true true Terry Swire Jr Supervisory Comm Consumer - 63 X 210375 195232 false true true Terry Swire Jr Supervisory Comm Consumer - 09 X 68953 66482 false true true Linda Sterling CRO Consumer - 08 X 45180 27027 false true true Michael Dronet Board Member Consumer - 005 X 21791 11126 false true true Michael Dronet Board Member Consumer - 6 X 3639 1919 false true true Shelly Flores CFO Consumer - 60 X 79000 75146 false true true Christina Davis CLO Consumer - 001 X 38925 18724 false true true Cheyanna Glyenn Board Member Consumer Loan - 03 X 12196 8368 false true true Donna Smith Board Member Consumer Loan - 02 X 24567 9307 false true true Donna Smith Board Member Consumer Loan - 03 X 10000 7662 false true true Terry Bruce Swire Jr Board Member Consumer Loan - 10 X 17000 15185 false true true Terry Bruce Swire Jr Board Member Consumer Loan - 02 X 11352 11208 false true true Angelia Bellow CAO Consumer Loan - 04 X 29445 7804 false true true Chad Miller CEO Consumer Loan - 61 X 1 376444 false true true Chad Miller CEO Consumer Loan - 04 X 39257 34776 false true true Christina Davis CLO Consumer Loan - 60 X 86720 99754 false true true Brandy Lee COO Consumer Loan - 01 X 34538 30620 false true true 1309855 Members or stockholder classes and rights Part VI line 6 SWLACU is a state-chartered credit union and as stated in its bylaws, it is made up of its member owners. Member election for additional members Part VI line 7a The governing board of directors serve staggered terms that are up for election every three years. Governing body decisions Part VI line 7b Due to the at large election process that the governing body is subject to, they are accountable to the membership as a whole. Form 990 governing body review Part VI line 11 The preparation of Form 990 is completed by our auditors, Griffin and Furman LLC, using documenting evidence provided by Southwest Louisiana Credit Union. Upon completion of the form, it is returned to the management team for review. After a satisfactory review, the form is signed and submitted to the IRS. Governing documents etc available to public Part VI line 19 Information is available upon written request. Explanation of other changes in net assets or fund balances Part XI line 9 ECIP Secondary Capital - $3,500,000Change in Merger Equity - $666,373