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Nonprofit · EIN 72-0828054

STATE CHARTERED CREDIT UNIONS IN LOUISIANA

Also known as ASCENSION CREDIT UNION

Tax-exempt · GONZALES, LA 70737

Financials

$6.8M$6.4M2023$7.8M$7.4M2024
Revenue Expenses · by fiscal year end
Financials of STATE CHARTERED CREDIT UNIONS IN LOUISIANA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$7,784,631$7,413,590$371,041$101,168,494$89,589,735$11,578,759
December 31, 2023990$6,820,440$6,352,630$467,810$103,643,735$92,435,416$11,208,319
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$7,266,057
Investment income
$518,574
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$1,845,353
Salaries, compensation and benefits (total)
$2,388,230
Professional fundraising fees
$0
Legal fees
$46,047
Accounting fees
$40,038
Occupancy
$50,279
Travel
$45,789
Depreciation
$228,434
Program services (functional)
$7,413,590

Balance sheet and other

Total assets, start of year
$103,643,735
Total assets, end of year
$101,168,494
Total liabilities, end of year
$89,589,735
Net assets, end of year
$11,578,759
Land, buildings and equipment
$5,633,033
Gross unrelated business income
$154,177
Gross receipts
$7,784,631
Employees
50
Year formed
1974
State of legal domicile
LA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Lloyd CockerhamCEO
Officer
40$148,144
James MooreDirector
Trustee or director
1$0
Lisa MeyererDirector
Trustee or director
1$0
Denise GravesVice Chairman
Trustee or director
1$0
Judy BurnsDirector
Trustee or director
1$0
Robert ClouatreChairman
Trustee or director, Officer
1$0
Donald SongyTreasurer
Trustee or director, Officer
1$0
Valine LaBordeSecretary
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
Denise GravesDirector
Trustee or director
1$0
Judy BurnsDirector
Trustee or director
1$0
Lisa MeyererDirector
Trustee or director
1$0
James MooreChairman
Trustee or director
1$0
Valine LaBordeSecretary
Trustee or director, Officer
1$0
Donald SongyTreasurer
Trustee or director, Officer
1$0
Robert ClouatreVice Chairman
Trustee or director, Officer
1$0
Lloyd CockerhamCEO
Officer
40$0

Address and contacts

Address (IRS master file)
2430 S BURNSIDE AVE, GONZALES, LA 70737-4645
In care of
% LLOYD COCKERHAM
Signed the 990
LLOYD COCKERHAM, CEO
Return prepared by
Griffin and Furman LLC

Mission

A member owned non-profit financial institution that provides financial products (savings, loans, etc)at competitive rates to members.

990 for the year ended December 31, 2024

Program accomplishments

  • Provide members with an affordable source of credit as well as savings, checking accounts, and related products/services.
    Expenses $7,413,590

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
72-0828054
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1969
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$101,168,494
Income (IRS master file)
$7,784,631

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$7,784,631$7,413,590$101,168,494IRS
990December 2023$6,820,440$6,352,630$103,643,735XML
990December 2022$5,797,294$4,854,853$94,667,489IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 72-0828054).

Questions about STATE CHARTERED CREDIT UNIONS IN LOUISIANA

What is the EIN of STATE CHARTERED CREDIT UNIONS IN LOUISIANA?
The employer identification number (EIN) of STATE CHARTERED CREDIT UNIONS IN LOUISIANA is 72-0828054.
Is STATE CHARTERED CREDIT UNIONS IN LOUISIANA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1969.
Are donations to STATE CHARTERED CREDIT UNIONS IN LOUISIANA tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does STATE CHARTERED CREDIT UNIONS IN LOUISIANA file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of STATE CHARTERED CREDIT UNIONS IN LOUISIANA due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did STATE CHARTERED CREDIT UNIONS IN LOUISIANA last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of STATE CHARTERED CREDIT UNIONS IN LOUISIANA?
The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $148,144 (Lloyd Cockerham, CEO).
How much revenue does STATE CHARTERED CREDIT UNIONS IN LOUISIANA have?
On its 990 for the year ended December 31, 2024 it reported revenue of $7,784,631, expenses of $7,413,590 and total assets of $101,168,494 at year end.

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