2024-10-11T22:38:41-04:00 2022-12-31 721506949 Griffin and Furman LLC P O Box 983 Mandeville LA 70470 990 2022-01-01 721013943 Louisiana Corp Credit Union LOUI 3500 N Causeway Blvd Suite 1510 Metairie LA 70002 David A Savoie CEO 5048388250 2024-10-07 true Stephen M Griffin CPA P00442471 9857279924 2024-10-11 2022 2024-10-15 13:58:12Z X David A Savoie 3500 N Causeway Blvd Suite 1510 Metairie LA 70002 6583884 false X www.lacorp.com X 1984 LA 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. 5 5 8 6 0 0 0 4059792 3410368 1011624 3173516 0 5071416 6583884 0 0 742403 773712 0 0 1148267 3554373 1890670 4328085 3180746 2255799 225212816 146939562 211539589 134742075 13673227 12197487 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. false false 4328085 6131367 Louisiana Corporate Credit Union provides financial and financially related services for the benefit of its member credit unions. 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. Lousiana Corporate provides low interest or interest free loans to member credit unions when impacted by declared natural disasters. 4328085 false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 0 0 true 8 true false false false false false false false false X 5 5 false false false false true true true true true false false true true true false false true false false false X X Louisiana Corp Credit Union 5048388250 3500 N Causeway Blvd Suite 1510 Metairie LA 70002 David A Savoie CEO 40.00 0.00 X X 183156 0 68634 Sherrie Klotz CAO 40.00 0.00 X 92468 0 29876 Erin Byrd VP of Operations 40.00 0.00 X 81160 0 12951 Matt Koch Director 1.00 0.00 X 0 0 0 Mary Vedros Vice Chair 1.00 0.00 X 0 0 0 Melissa Matherne Secretary 1.00 0.00 X 0 0 0 Mark Rosa Board Chair 1.00 0.00 X 0 0 0 Ronnie Stephens Treasurer 1.00 0.00 X 0 0 0 356784 0 111461 1 false true false X Interest on Loans 522100 126725 126725 Service Fees 522100 837718 837718 Miscellaneous 522100 2445925 2445925 3410368 3173516 3173516 6583884 6583884 0 0 360071 360071 231736 231736 42448 42448 97548 97548 41909 41909 77663 77663 11079 11079 47306 47306 17400 17400 46232 46232 63111 63111 12298 12298 2226610 2226610 11775 11775 33726 33726 Financial Services and Fees 560948 560948 Other 446225 446225 4328085 4328085 0 0 53842921 24740817 245406 3152352 176033 8393528 160468 142979 17968 17489 164683696 108504857 6422825 1954486 225212816 146939562 116094 40647671 211423495 94094404 211539589 134742075 X 7301494 7301494 6371733 4895993 13673227 12197487 225212816 146939562 2255799 -3731539 0 X false false 8039 8039 152429 134940 17489 17489 NCUASIF 176842 Accrued Interest on Loans 3058 Other Assets 1774586 1954486 Shares 94094404 94094404 6583883 6583883 6583883 4279983 48101 48101 4231882 4231882 Other expenses not included on Form 990 (Part XII, line 2d) Dividends paid on perpetual contributed capital - $48,106 false true false David A Savoie CEO 159390 18170 5596 18276 50358 251790 Benefit information (Part I, line 1a) Schedule J, Part I, Line 4 - b: The President & CEO is covered under a collateral assignment split dollar life insurance plan. Amended return information Incomplete financial data was used to complete the originally filed Form 990. Upon realization of the error, an amended 990 was completed. Members or stockholder classes and rights Part VI line 6 Louisiana Corporate Credit Unions members are primarily comprised of state and federally chartered credit unions located within the United States. Member election for additional members Part VI line 7a Members of the govering body are elected by the voting representatives of member credit unions in accordance with the provisions of the bylaws, articles of incorproation and applicable state and federal laws and regulations. Governing body decisions Part VI line 7b Certain disclosures of the governing body are subject to approval of the members via vote at an annual or special meeting of the membership as specified by the bylaws and articles or incorporation. Form 990 governing body review Part VI line 11 The President/CEO and Supervisory Committee Chairman will review the tax return and a copy is provided to all directors. Governing documents etc available to public Part VI line 19 Distribited to voting attendees at the annual meeting. Part VIII response or note to any line in Part VIII During 2009, the Credit Union impaired and charged off 100% of its investment inU.S. Central Federal Credit Union (USC), which was placed in conservatorship by the NCUA on March 20, 2009. The Credit Union is entitled to available recoveries after satisfaction of all liabilities of the liquidation estate based on its pro-rata share of member contributed capital. The Credit Union was issued a claim certificate in the amount of $5,874,197. During 2021, the Credit Union received $3,224,934 in payments, which is recognized as miscellaneous other operating income in the statement of income for the year ended December 31, 2021