2025-11-14T12:13:34-06:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 720498240 PELICAN STATE CREDIT UNION PELI 2254086100 2675 ONEAL LANE BATON ROUGE LA 70816 JEFFREY CONRAD CEO & PRESIDENT 2254086100 2025-11-14 1 0 AUBREY CLEGG P01076395 3052328272 2025-11-14 2024 2025-03-06 01:10:19Z JEFFREY CONRAD 2675 ONEAL LANE BATON ROUGE LA 70816 88451502 0 X WWW.PELICANSTATECU.COM X 1956 LA TO IMPROVE THE LIVES OF OUR MEMBERS THROUGH SAFE, COMPETITIVE PRODUCTS AND EDUCATIONAL SERVICES. 9 9 400 0 451740 0 0 0 76200812 85340746 2148321 3110756 0 0 78349133 88451502 0 0 0 0 29868780 30735640 0 0 0 45144585 57458596 75013365 88194236 3335768 257266 668169033 722570800 597204390 651268620 70964643 71302180 PROVIDE BANKING RELATED SERVICES TO MEMBERS, MANY OF WHOM LIVE BELOW FEDERAL AND STATE POVERTY LEVELS. 0 0 PARTNER IN FINANCIAL LITERACY AND EDUCATION PROGRAMS THROUGHOUT THE STATE. OFFER A VARIETY OF DEPOSIT PRODUCTS. OFFER A WIDE SPECTRUM OF LENDING PRODUCTS WITH COMPETITIVE INTEREST RATES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 20770 0 1 400 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 LA X MELISSA OTT 2254086100 2675 ONEAL LANE BATON ROUGE LA 70816 JANELLE FOLSE BOARD CHAIR 1.00 X 10800 0 0 DAVID GILL BOARD VICE CHAIR 1.00 X 8250 0 0 LINDA LOCHBRUNNER BOARD TREASURER 1.00 X 10200 0 0 SHANNON THORN BOARD DIRECTOR 1.00 X 8250 0 0 GARY CROCKETT BOARD DIRECTOR 1.00 X 9000 0 0 TAWANA CARMOUCHE BOARD DIRECTOR 1.00 X 9000 0 0 DAVID COLVIN BOARD DIRECTOR 1.00 X 9000 0 0 WILLIAM MULLINNIX BOARD DIRECTOR 1.00 X 9000 0 0 SAMUEL MCDANIEL BOARD DIRECTOR 1.00 X 9000 0 0 JONATHAN PHILLIPS SUPERVISORY COMMITTEE CHAIR 1.00 X 4500 0 0 BRAD COLWELL SUPERVISORY COMMITTEE MEMBER 1.00 X 4000 0 0 COLANDRA PAIGE SMITH SUPERVISORY COMMITTEE MEMBER 1.00 X 4000 0 0 JEFFREY CONRAD CEO & PRESIDENT 40.00 X 658590 0 62927 MELISSA OTT EVP/CFO 40.00 X 389582 0 66298 ANNETTE THAMES CMEO 40.00 X 584713 0 40944 KATHLEEN FORD SVP HUMAN RESOURCES 40.00 X 202294 0 54480 BENJAMIN MANRY SVP LENDING & MEMBER SOLUTIONS 40.00 X 249028 0 48588 CHARLES MORGAN SVP INFORMATION TECHNOLOGY 40.00 X 264198 0 50155 LEIGH PORTA CGO 40.00 X 239776 0 34042 LINDSEY RICHARD VP PROJECTS, OPERATIONS & RISK 40.00 X 217205 0 46222 2900386 0 403656 26 0 1 0 DBSI 6950 W MORELOS PL CHANDLER AZ 85226 ARCHITECTURE 3600940 JACK HENRY 663 HWY 60 MONETT MO 65708 CORE SYSTEM 1522158 FMMFI 525 FLORIDA AVE SW DENHAM SPRINGS LA 70726 BUILDING MAINTENACE 1068519 QSI INC 107 SCHULER DRIVE BARDSTOWN KY 40004 ITM PROVIDER 995812 ALLIED 161 WASHINGTON ST STE 600 CONSHOHOCKEN PA 19428 SECURITY 944551 42 INCOME ON LOANS 522100 51976146 51976146 FEES, CHARGES, OTHER 522100 32912860 32912860 FINANCE AND INSURANCE 520000 451740 451740 85340746 3110756 3110756 88451502 87999762 451740 0 X 1898054 21339014 1758005 4082009 1658558 228887 236448 2340101 1654272 11722264 2369034 802730 265709 16496463 2923322 572542 PROVISION FOR LOAN LOSS 11273341 LOAN SERVICING 4173414 MISCELLANEOUS 1403292 LOSS ON DISPOSITION 546777 450000 88194236 11004021 13625210 21216796 8197986 1340926 779544 7025877 7153225 557836271 616713330 2167704 2254382 52281648 18039497 34191543 34242151 12597035 14671083 2554224 2981267 205399 119165 18029237 21833457 668169033 722570800 14132780 9752382 631848 627649 10000000 582439762 630888589 597204390 651268620 X 0 0 0 0 70964643 71302180 70964643 71302180 668169033 722570800 257266 80271 0 X X 0 1 X 1 0 0 1 X 7181076 7181076 28263608 5814737 22448871 2453303 1791790 661513 14383661 10432970 3950691 34242151 MEMBER DEPOSITS 630888589 630888589 X 88451502 0 88451502 0 88451502 88194236 0 88194236 0 88194236 PART IV, LINE 2B: ON A MONTHLY BASIS, THE CREDIT UNION COLLECTS PAYMENT FROM MEMBERS WITH MORTGAGE LOANS OUTSTANDING. AS STIPULATED BY THE AGREEMENT SIGNED BY BOTH PARTIES, THE MONTHLY PAYMENT FOR EACH MEMBER INCLUDES PRINCIPAL, INTEREST, AND ESCROWS. ESCROWS ARE USED TO PAY TAXES AND INSURANCE ON THE PROPERTY. PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. X 1 1 X X X X 0 1 0 JEFFREY CONRAD CEO & PRESIDENT 581710 0 67380 0 9500 0 34500 0 28427 0 721517 0 0 0 ANNETTE THAMES CMEO 559466 0 20997 0 4250 0 25665 0 15279 0 625657 0 0 0 MELISSA OTT EVP/CFO 292347 0 89435 0 7800 0 30593 0 35705 0 455880 0 0 0 CHARLES MORGAN SVP INFORMATION TECHNOLOGY 242041 0 22157 0 0 0 24159 0 25996 0 314353 0 0 0 BENJAMIN MANRY SVP LENDING & MEMBER SOLUTIONS 231949 0 17079 0 0 0 23852 0 24736 0 297616 0 0 0 LEIGH PORTA CGO 214471 0 19305 0 6000 0 21746 0 12296 0 273818 0 0 0 LINDSEY RICHARD VP PROJECTS, OPERATIONS & RISK 176647 0 40558 0 0 0 18562 0 27660 0 263427 0 0 0 KATHLEEN FORD SVP HUMAN RESOURCES 194009 0 8285 0 0 0 20581 0 33899 0 256774 0 0 0 PART I, LINE 4B THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS FOR THE CREDIT UNION'S CEO & PRESIDENT, JEFFREY CONRAD, THROUGH A LOAN REGIME ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." THE PROMISSORY NOTE SIGNED BY THE PARTICIPATING EXECUTIVE IS SECURED BY THE LIFE INSURANCE POLICIES PURCHASED ON THE PARTICIPANT'S BEHALF. THAT IS, THE EXECUTIVE'S LOAN FUNDS A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANT MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME UP TO THE PREMIUMS PAID INTO THE POLICIES. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S EXECUTIVE LOAN ORIGINATION VALUE PLUS THE STATED INTEREST. ANY REMAINING DEATH BENEFITS AFTER REPAYMENT OF THE LOAN ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS PER THE CONTRACTUAL AGREEMENT. JEFFREY CONRAD CEO/PRESIDENT TO FUND COLLATERAL ASSIGNED SPLIT DOLLAR LIFE INSURANCE POLICY X 2500000 3250872 0 1 1 JEFFREY CONRAD CEO/PRESIDENT TO FUND COLLATERAL ASSIGNED SPLIT DOLLAR LIFE INSURANCE POLICY X 3850000 3902353 0 1 1 7153225 SCHEDULE L, PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS FOR THE CREDIT UNION'S CEO & PRESIDENT, JEFFREY CONRAD, THROUGH A LOAN REGIME ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." THE PROMISSORY NOTE SIGNED BY THE PARTICIPATING EXECUTIVE IS SECURED BY THE LIFE INSURANCE POLICIES PURCHASED ON THE PARTICIPANT'S BEHALF. THAT IS, THE EXECUTIVE'S LOAN FUNDS A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANT MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME UP TO THE PREMIUMS PAID INTO THE POLICIES. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S EXECUTIVE LOAN ORIGINATION VALUE PLUS THE STATED INTEREST. ANY REMAINING DEATH BENEFITS AFTER REPAYMENT OF THE LOAN ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS PER THE CONTRACTUAL AGREEMENT. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B SENIOR MANAGEMENT MAKES THE FORM AVAILABLE TO THE CREDIT UNION'S BOARD OF DIRECTORS TO REVIEW BEFORE FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE MONITORED BY A SYSTEM OF DUAL CONTROLS. FORM 990, PART VI, SECTION B, LINE 15 SALARY SURVEY DATA AND PERFORMANCE EVALUATIONS ARE USED TO DETERMINE COMPENSATION FOR ALL EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PRESENTED AT THE ANNUAL MEMBERSHIP MEETING. OTHER DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART IX, LINE 24E LOSS ON INVESTMENTS 450,000. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.