2025-05-15T16:52:22-04:00 2024-12-31 721506949 Griffin and Furman LLC P O Box 983 Mandeville LA 70470 990 2024-01-01 720454922 Southwest Louisiana Credit Union % Chad Miller SOUT 3374779190 4056 Ryan Street Lake Charles LA 70605 CHAD MILLER Chief Executive Officer 3374779190 2025-05-13 true true STEPHEN M GRIFFIN CPA P00442471 9857279924 2024 2025-03-06 01:10:19Z 15491542 false X www.swlacu.com X 1952 LA helping members with their financial needs 9 9 81 0 0 481535 626888 8612353 9500750 382705 348468 5200666 5015436 14677259 15491542 0 0 5326070 4990457 0 0 8485815 10183325 13811885 15173782 865374 317760 171969478 173744140 147900563 149127809 24068915 24616331 helping members with their financial needs false false 15173782 help members with financial needs 15173782 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 81 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 LA X William Wilkie 3374779190 4056 Ryan Street Lake Charles LA 70605 Chad Miller Chief Executive Officer 40.00 0.00 X 249930 0 12606 Angie Bellow Chief Administrative Officer 40.00 0.00 X 139282 0 13941 Shelley Flores Chief Financial Officer 40.00 0.00 X 110814 0 13008 Linda Sterling Chief Revenue Officer 40.00 0.00 X 100960 0 13941 Jon Georgiades Chief Information Officer 0.00 0.00 X 97565 0 7425 Brandy Lee Chief Operating Officer 40.00 0.00 X 104263 0 0 Christina Davis Chief Learning Officer 40.00 0.00 X 101351 0 0 Michael Dronet Board Member 2.00 0.00 X 0 0 0 Kevin Istre Board Member 2.00 0.00 X 0 0 0 Donna Smith 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 Terry Swire Board Member 2.00 0.00 X 0 0 0 Cheyanna Glyenn Supervisory Committee Member 2.00 0.00 X 0 0 0 Kenneth Thomas Supervisory Committee Member 2.00 0.00 X 0 0 0 William Wilkie Treasurer 2.00 0.00 X X 0 0 0 Alton Childs Secretary 2.00 0.00 X X 0 0 0 Robert Collins Chairperson 2.00 0.00 X X 0 0 0 Chris Edwards Vice Chairperson 2.00 0.00 X 0 0 0 904165 0 60921 6 false true false 626888 626888 Interest on Loans 522100 9500750 9500750 9500750 348468 348468 0 Fee Income 522100 2120779 2120779 Interchange Income 522100 1886978 1886978 Other Exempt Income 522100 1007679 1007679 5015436 15491542 14864654 0 0 3839035 3839035 351363 351363 510339 510339 289720 289720 19858 19858 14926 14926 449027 449027 388544 388544 123114 123114 1093026 1093026 11387 11387 102266 102266 2117826 2117826 549228 549228 Provision for Loan Loss 1603801 1603801 Miscellaneous Expense 565427 565427 Servicing Expense 2369733 2369733 Maintenance 301459 301459 473703 473703 15173782 15173782 0 0 4883583 8264655 15187845 13031143 2337437 2392535 1309855 1109680 132361363 134552533 425758 11631462 2885779 9123129 8745683 6340508 5647911 171969478 173744140 147900563 149127809 147900563 149127809 X 24068915 24616331 24068915 24616331 171969478 173744140 317760 229656 0 X false true X true false 2029289 2029289 7054341 1403578 5650763 2547832 1482201 1065631 8745683 15491542 15491542 15491542 15173782 15173782 15173782 Angie Bellow Chief Administrative Officer 130752 8530 13941 153223 Chad Miller Chief Executive Officer 231218 18712 12606 262536 Robert Collins Board Member Consumer - 65 X 221904 107901 false true true Robert Collins Board Member Consumer - 66 X 100000 29785 false true true Michael Dronet Board Member Consumer - 60 X 48790 29792 false true true Chris Edwards Board Member Consumer - 5 X 53253 8010 false true true Terry Swire Jr Supervisory Comm Consumer - 63 X 210375 187518 false true true Terry Swire Jr Supervisory Comm Consumer - 09 X 68953 65523 false true true Linda Sterling CRO Consumer - 08 X 45180 21073 false true true Michael Dronet Board Member Consumer - 005 X 21791 6496 false true true Shelly Flores CFO Consumer - 60 X 79000 75566 false true true Christina Davis CLO Consumer - 001 X 38925 14638 false true true Cheyanna Glyenn Board Member Consumer Loan - 03 X 12196 6427 false true true Donna Smith Board Member Consumer Loan - 04 X 32298 false true true Terry Bruce Swire Jr Board Member Consumer Loan - 10 X 17000 13210 false true true Terry Bruce Swire Jr Board Member Consumer Loan - 02 X 11352 9979 false true true Chad Miller CEO Consumer Loan - 62 X 375271 false true true Christina Davis CLO Consumer Loan - 60 X 86720 100136 false true true Brandy Lee COO Consumer Loan - 01 X 34538 26057 false true true 1109680 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