2024-05-14T15:05:53-05:00 2023-12-31 351515068 MONROE SHINE & CO INC CPA'S PO BOX 1407 NEW ALBANY IN 471511407 990 2023-01-01 610264130 LOUISVILLE GAS & ELECTRIC CO CREDIT UNION LOUI 5026273140 PO BOX 32040 LOUISVILLE KY 40232 SHARON BEAVEN PRESIDENT 5026273140 2024-05-03 1 SHARON BEAVEN 999009999 0 GREG COCKEREL CPA P00815860 8129452311 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z SHARON BEAVEN PO BOX 32040 LOUISVILLE KY 40232 2013009 0 X WWW.LGECU.ORG X 1934 KY TO PROVIDE COOPERATIVE FINANCIAL SERVICES FOR MEMBERSHIP. 9 9 10 14 0 0 0 0 1025883 1220830 233670 526434 288374 265745 1547927 2013009 0 0 0 0 484982 528476 0 0 0 821855 1156478 1306837 1684954 241090 328055 44453397 45089473 37838997 38181322 6614400 6908151 TO PROVIDE COOPERATIVE FINANCIAL SERVICES FOR MEMBERSHIP. 0 0 1684954 2013009 TO PROVIDE COOPERATIVE FINANCIAL SERVICES FOR MEMBERSHIP. 1684954 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 783 0 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 KY X SHARON BEAVEN PRESIDENT 5026273140 PO BOX 32040 LOUISVILLE KY 40232 RICHARD DOWDELL DIRECTOR 1.00 X 0 0 0 JIM STEED DIRECTOR 1.00 X 0 0 0 AARON YOCUM DIRECTOR 1.00 X 0 0 0 SAMANTHA STICKLER DIRECTOR 1.00 X 0 0 0 JACOB MAUZEY DIRECTOR 1.00 X 0 0 0 ELAINE WELSH DIRECTOR 1.00 X 0 0 0 DAN LAWSON DIRECTOR 1.00 X 0 0 0 RICK LINDOP DIRECTOR 1.00 X 0 0 0 MARK CRANSTON DIRECTOR 1.00 X 0 0 0 SHARON BEAVEN PRESIDENT 40.00 X 89378 0 6257 89378 0 6257 0 0 0 0 0 LOANS 522100 1089189 1089189 VISA 522100 131641 131641 1220830 526434 526434 ATM AND DEBIT CARD FEE 522100 133290 133290 LOAN AND DEPOSIT FEES 522100 78134 78134 INSURANCE COMMISSIONS 522100 49357 49357 4964 4964 265745 2013009 2013009 0 0 89378 349241 34251 20556 35050 12294 31429 12619 8383 37612 269963 6933 535214 12290 11394 19003 SERVICING FEES 155139 MISCELLANEOUS EXPENSE 43831 PROVISION FOR LOAN LOSS 374 1684954 126677 111432 16843218 15249132 26020231 28453671 34472 62173 114558 91680 17491 22878 1350977 1085604 60331 104583 44453397 45089473 71236 63561 37767761 38117761 37838997 38181322 X 514475 514475 0 0 6099925 6393676 6614400 6908151 44453397 45089473 X 328055 -34304 X X 0 1 X 1 0 114558 91680 22878 22878 MEMBERS' SHARE AND SAVINGS ACCOUNTS 38117761 38117761 X 2013009 0 2013009 0 2013009 1684954 0 1684954 0 1684954 PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE: THE CREDIT UNION HAS IMPLEMENTED THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES. UNDER THAT GUIDANCE, TAX POSITIONS ARE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. AT DECEMBER 31, 2023, THE CREDIT UNION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS A MEMBER OWNED, STATE CHARTERED FINANCIAL INSTITUTION. MEMBERS VOTE ON THE BOARD OF DIRECTORS ANNUALLY. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS VOTE ON THE BOARD OF DIRECTORS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 11B ALL BOARD MEMBERS AND COMMITTEE MEMBERS WERE INSTRUCTED AT THE SEPTEMBER MEETING THAT THE 990 IS COMPLETE AND CAN BE REVIEWED AT THE CREDIT UNION OFFICE ANYTIME DURING THE NORMAL OPERATING HOURS. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES AND VOLUNTEERS SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. THE MANAGEMENT TEAM MONITORS BUSINESS AND VENDOR RELATIONSHIPS TO ENSURE THAT NO CONFLICTS EXIST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD DETERMINES THE PRESIDENT'S COMPENSATION AFTER REVIEWING GOALS AND PERFORMANCE FACTORS FROM THE PRIOR YEAR AND REVIEWING SALARY DATA FOR THE INDUSTRY. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE MEMBERSHIP AT THEIR REQUEST. ALL FINANCIAL DOCUMENTS ARE GIVEN TO THE MEMBERSHIP AT THE ANNUAL MEETING. COPIES OF THESE DOCUMENTS ARE AVAILABLE AT THE MEMBER'S REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN ACCOUNTING PRINCIPLE - CECL IMPLEMENTATION -34,304. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES TO THE OVERSIGHT PROCESS OR SELECTION PROCESS UTILIZED BY THE CREDIT UNION'S SUPERVISORY COMMITTEE DURING THE TAX YEAR.