2026-08-25T11:12:45-05:00 2025-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2025-01-01 951847819 LA ELECTRICAL WORKERS CREDIT UNION LAEL 6264409284 3820 E COLORADO BLVD PASADENA CA 91107 SHAWN MCDONALD CEO/TREASURER 6264409284 2026-08-10 1 JENIFER L CHASE P01306883 5638884000 2026-08-10 2025 2025-03-06 01:10:19Z SHAWN MCDONALD 3820 E COLORADO BLVD PASADENA CA 91107 2536449 0 X WWW.LAEWCU.COM X 1953 CA OUR VISION IS TO BE THE PRIMARY, TRUSTED FINANCIAL PARTNER FOR IBEW LOCAL 11 MEMBERS AND AFFILIATES. WE OFFER INNOVATIVE SOLUTIONS AND RESOURCES THAT SUPPORT THEIR FAMILIES AND FUTURES, FOSTERING LONG-TERM FINANCIAL WELL-BEING AND GROWTH THROUGHOUT THEIR LIVES. 7 6 11 9 2971 0 0 0 1146095 1454609 1138204 1058793 24469 23047 2308768 2536449 0 0 0 0 812402 951842 0 0 0 1230099 1131874 2042501 2083716 266267 452733 51132874 52552502 42840216 43021728 8292658 9530774 L.A. ELECTRICAL WORKERS CREDIT UNION IS COMMITTED TO OFFERING OUR MEMBERS UNIQUE FINANCIAL PRODUCTS AND SERVICES TAILORED TO THEIR NEEDS. WE PROMOTE FINANCIAL LITERACY AND PROVIDE THE NECESSARY TOOLS FOR BUILDING WEALTH. 0 0 L A ELECTRICAL WORKERS CREDIT UNION RECEIVES MONEY FROM MEMBERS FOR THE PURCHASE OF REGULAR SHARES AND SHARE DRAFTS AND TO RETURN THE HIGHEST DIVIDEND RATE POSSIBLE. AS OF DECEMBER 31, 2025 THE TOTAL NUMBER OF MEMBERS/ACCOUNTS WAS 8,614 WITH SHARES TOTALING $35,843,351.85, SHARE DRAFT ACCOUNTS TOTALING $3,064,880.58, IRA DEPOSIT ACCOUNTS TOTALING $35,745.42, AND IRA CD DEPOSITS TOTALING $1,351,860.82. L A ELECTRICAL WORKERS CREDIT UNION PROVIDES A VARIETY OF SECURED AND UNSECURED CONSUMER LOAN PRODUCTS FOR THEIR MEMBERS. THE LOANS ARE AT COMPETITIVE RATES TO HELP THE MEMBER SAVE MONEY. AS OF DECEMBER 31, 2025, THE TOTAL NUMBER OF LOANS WAS 765 WITH SHARE SECURED LOANS OF $76,702.88, UNSECURED SIGNATURE LOANS OF $2,253,882.56, NEW VEHICLE LOANS OF $2,162,208,.70, USED VEHICLES OF $4,380,862.64, PERSONAL LINES OF CREDIT OF $423,215.97, HOME EQUITY LINES OF CREDIT OF $2,198,706.85, AND ALL OTHER LOANS OF $327,329.52, FOR A TOTAL OF $11,822,909.12 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 290 0 1 11 1 1 1 0 0 0 0 0 0 0 X 7 6 0 0 0 0 1 1 1 1 1 0 0 1 0 1 1 1 0 0 X SHAWN MCDONALD 6264409284 3820 E COLORADO BLVD PASADENA CA 91107 SHAWN MCDONALD CEO/TREASURER 40.00 X X 169041 0 72420 CITLALI CASTILLO SECRETARY 1.00 X X 0 0 0 MARC GREENFIELD ASSISTANT TREASURER 1.00 X X 0 0 0 GEORGE LOPEZ FORMER DIRECTOR 1.00 X 0 0 0 RUBEN MENDOZA DIRECTOR 1.00 X 0 0 0 EDSON MORGAN DIRECTOR 1.00 X 0 0 0 LADISLAO ORTIZ VICE PRESIDENT 1.00 X X 0 0 0 GARY TOMLIN PRESIDENT/CHAIRMAN 1.00 X X 0 0 0 STACY JURADO EXECUTIVE VICE PRESIDENT 40.00 X 153004 0 37510 322045 0 109930 2 0 1 0 0 LOAN INCOME 522100 899319 899319 OTHER INCOME 522100 555290 552319 2971 1454609 1058793 1058793 23047 0 23047 23047 23047 2536449 1474685 2971 1058793 431975 241398 94419 128722 55328 39415 7493 69210 4030 34202 66623 237391 120022 2106 2715 221 115290 5208 BANK SERVICE CHARGES 201460 ALLOWANCE FOR CREDIT LO 111735 DIVIDENDS PAID TO MEMBE 32082 SURETY BOND PREMIUM 29054 53617 2083716 1071416 501027 6045273 13895007 549 906 12628687 12082848 57664 73168 3808376 804420 3136106 3003956 18448581 16709391 9146788 5765165 597810 521034 51132874 52552502 918070 2723217 41922146 40298511 42840216 43021728 X 0 0 0 0 8292658 9530774 8292658 9530774 51132874 52552502 452733 785383 0 X X 0 0 0 2150000 2150000 1128805 468397 660408 529571 336023 193548 3003956 CERTIFICATE OF DEPOSITS 5765165 C 5765165 MEMBER SHARE DEPOSITS 40298511 40298511 X X 0 0 0 SHAWN MCDONALD CEO/TREASURER 169041 0 0 0 0 0 38760 0 33660 0 241461 0 0 0 STACY JURADO EXECUTIVE VICE PRESIDENT 153004 0 0 0 0 0 12172 0 25338 0 190514 0 0 0 FORM 990, PART I, LINE 6, VOLUNTEERS: VOLUNTEERS ARE ELECTED AT THE ANNUAL MEMBER SHAREHOLDERS MEETING TO THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE. THE BOARD OF DIRECTORS MEET MONTHLY TO REVIEW FINANCIAL STATEMENTS AND NEW AND OLD BUSINESS. THE SUPERVISORY COMMITTEE MEETS MONTHLY TO ADDRESS NEW AND PENDING CREDIT UNION AND MEMBER ISSUES. FORM 990, PART VI, SECTION A, LINE 6 L A ELECTRICAL WORKERS CREDIT UNION HAS MEMBERS AS SPECIFIED IN ITS BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A L A ELECTRICAL WORKERS CREDIT UNION MEMBERS HAVE THE POWER TO ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B L A ELECTRICAL WORKERS CREDIT UNION MEMBERS HAVE THE POWER TO ELECT OR REMOVE THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS REVIEWED BY THE CEO AND EXECUTIVE VICE PRESIDENT. A COPY OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 15A L A ELECTRICAL WORKERS CREDIT UNION BOARD OF DIRECTORS SETS THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER BASED ON THE CURRENT IBEW LOCAL 11 GENERAL FOREMAN SALARY, WHICH HAPPENS TO BE SLIGHTLY LESS THAN THE 50% MIDPOINT SALARY RANGE ACCORDING TO THE 2025 CUNA BENCHMARK COMPENSATION STRUCTURE. THE BOARD OF DIRECTORS MAINTAINS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING FOR DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARRANGEMENTS. THIS PROCESS LAST OCCURRED IN SEPTEMBER 2025. THE CEO PURCHASED AND USED DATA FROM THE 2024-2025 STAFF SALARY REPORT CREATED BY AMERICAS CREDIT UNIONS FOR ADJUSTING THE EXECUTIVE VP'S SALARY IN 2025. THE EVP IS NOW APPROXIMATELY IN THE 79TH PERCENTILE FOR ASSET SIZE AND GEOGRAPHICAL LOCATION ACCORDING TO THE DATA PROVIDED IN THE REPORT. FORM 990, PART VI, SECTION C, LINE 19 L A ELECTRICAL WORKERS CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN THE SAME TIME AND MANNER AS OTHER DISCLOSURES REQUIRED UNDER INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART IV, LINE 12A & PART XII, LINE 2B: L A ELECTRICAL WORKERS CREDIT UNION'S (THE CREDIT UNION) FINANCIALS STATEMENTS ARE AUDITED ON A SEPARATE BASIS BY AN INDEPENDENT ACCOUNTANT. HOWEVER, THE FINANCIAL STATEMENTS ARE AUDITED ON A FISCAL YEAR-END BASIS ON SEPTEMBER 30TH, WHILE THE CREDIT UNION'S TAX YEAR-END IS DECEMBER 31ST.