Public Charity

Louisiana Corp Credit Union

Louisiana Corp Credit Union, of Metairie, LA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $9.8M in revenue, $9.4M in expenses, $182.6M in total assets.

EIN: 721013943 Metairie, LA Latest filing: 2024
Total Revenue$9.8M
Total Expenses$9.4M
Total Assets$182.6M
Grant Records0
Filing Years2019–2024

Mission

Louisiana Corporate Credit Union is a cooperative association organized in accordance with the provisions of the Louisiana Credit Union Act for the purpose of serving credit union accounts through money management and creating a source of credit for its members.

Where $100 goes at Louisiana Corp Credit Union

How Louisiana Corp Credit Union divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$100 Programs the work itself
<$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $100 for programs

$34
Louisiana Corporate Credit Union provides financial and financially related services for the benefit of its member credit unions
34% of program spending
$33
Lousiana Corporate provides low interest or interest free loans to member credit unions when impacted by declared natural disasters
About 33% (cost not reported)
$33
Louisiana Corporate issues a monthly economic and financial digest at no charge to its members which includes current economic and financial analysis of their operating environment
About 33% (cost not reported)
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

CEO David A Savoie
VP of Operations Erin Byrd
Board Member Gary Funderburk
Board Chair Mark Rosa
Board Vice Chair Mary Vedros
Board Member Matt Koch

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $9.8M $9.4M $182.6M
2023 $9.5M $8.4M $142.1M
2022 $6.6M $4.3M $146.9M
2020 $2.3M $2.0M $210.9M
2019 $4.0M $3.4M $128.2M

Between 2019 and 2024, reported annual revenue grew from $4.0M to $9.8M (+147%), with total assets most recently reported at $182.6M.

Interactive year-over-year charts and full filing details available with membership.

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