STATE CHARTERED CREDIT UNIONS IN LOUISIANA VERMILION SCHOOL EMPLOYEES CREDIT UNION

Address
P O BOX 848
ABBEVILLE, LA 705110848
Contact
Phone: +1 (337) 898-1388
Nonprofit
EIN: 72-6067568
Year formed: 1973

Mission

Credit Union - Mutual/Membership Benefits Program
 20162015201420132012
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$54,517.00$51,921.00$51,921.00 $49,448.00
Sum of reportable (W2/1099) compensation$54,517.00$51,921.00$51,921.00 $49,448.00
Number of employees333 0
Number of people compensated >$100k0    
Number of volunteers121212 12
Number of highly compensated contractors000  
Personnel
Bufford, Curtis
TitleDirectorDIRECTORDIRECTOR DIRECTOR
Name of key/compensated personCurtis L BuffordCURTIS L BUFFORDCURTIS L BUFFORD CURTIS L BUFFORD
Position of compensated person
Current individual trustee or directorTrueTrueTrue True
Average hours per week working for org0    
Reportable compensation from org$0.00$0.00$0.00 $0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00 $0.00
Davidson, Gina
TitleSecretarySECRETARYSECRETARY  
Name of key/compensated personGina DavidsonGINA DAVIDSONGINA DAVIDSON  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrueTrue  
Average hours per week working for org0    
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Deshotels, Norma
Title    SECRETARY
Name of key/compensated person    NORMA C DESHOTELS
Position of compensated person
Current individual trustee or director    True
Current officer    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Dore, Onezime
TitleTreasurerTREASURERTREASURER TREASURER
Name of key/compensated personOnezime J DoreONEZIME J DOREONEZIME J DORE ONEZIME J DORE
Position of compensated person
Current individual trustee or directorTrueTrueTrue True
Current officerTrueTrueTrue True
Average hours per week working for org0.0    
Reportable compensation from org$0.00$0.00$0.00 $0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00 $0.00
Dubois, Teresa
TitleDirectorDIRECTORDIRECTOR  
Name of key/compensated personTeresa DuBoisTERESA DUBOISTERESA DUBOIS  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org0.0    
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Hebert, J
TitleDirectorDIRECTORDIRECTOR DIRECTOR
Name of key/compensated personJ Craig HebertJ CRAIG HEBERTJ CRAIG HEBERT J CRAIG HEBERT
Position of compensated person
Current individual trustee or directorTrueTrueTrue True
Average hours per week working for org0    
Reportable compensation from org$0.00$0.00$0.00 $0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00 $0.00
Lege, Randall
TitleDirectorDIRECTORDIRECTOR DIRECTOR
Name of key/compensated personRandall K LegeRANDALL K LEGERANDALL K LEGE RANDALL K LEGE
Position of compensated person
Current individual trustee or directorTrueTrueTrue True
Average hours per week working for org0    
Reportable compensation from org$0.00$0.00$0.00 $0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00 $0.00
Moss, Clarence
TitleDirectorDIRECTORDIRECTOR DIRECTOR
Name of key/compensated personClarence MossCLARENCE MOSSCLARENCE MOSS CLARENCE MOSS
Position of compensated person
Current individual trustee or directorTrueTrueTrue True
Average hours per week working for org0    
Reportable compensation from org$0.00$0.00$0.00 $0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00 $0.00
Petry, Michael
Title    DIRECTOR
Name of key/compensated person    MICHAEL J PETRY
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Richard, Stephanie
TitleManager/CEOMANAGERCEOMANAGERCEO MANAGERCEO
Name of key/compensated personStephanie C RichardSTEPHANIE C RICHARDSTEPHANIE C RICHARD STEPHANIE C RICHARD
Position of compensated person
Current key employee (> $150k)TrueTrueTrue True
Highest compensated employees (>$100k)TrueTrueTrue True
Average hours per week working for org35 35 35
Reportable compensation from org$54,517.00$51,921.00$51,921.00 $49,448.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00 $0.00
Turner, Lenita
TitleVice PresidentVICE PRESIDENTVICE PRESIDENT VICE PRESIDENT
Name of key/compensated personLenita L TurnerLENITA L TURNERLENITA L TURNER LENITA L TURNER
Position of compensated person
Current individual trustee or directorTrueTrueTrue True
Current officerTrueTrueTrue True
Average hours per week working for org0    
Reportable compensation from org$0.00$0.00$0.00 $0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00 $0.00
Webb, H
TitlePresidentPRESIDENTPRESIDENT PRESIDENT
Name of key/compensated personH Clyde WebbH CLYDE WEBBH CLYDE WEBB H CLYDE WEBB
Position of compensated person
Current individual trustee or directorTrueTrueTrue True
Current officerTrueTrueTrue True
Average hours per week working for org0    
Reportable compensation from org$0.00$0.00$0.00 $0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00 $0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesCredit Union - Mutual/Membership Benefits ProgramCREDIT UNION - MUTUALMEMBERSHIP BENEFITS PROGRAMCREDIT UNION - MUTUALMEMBERSHIP BENEFITS PROGRAM CREDIT UNION - MUTUALMEMBERSHIP BENEFITS PROGRAM
Program service expenses, total$0.00    
Programs, including revenue & expense
Provides members with affordable source of saving and borrowing
Program descriptionProvides members with affordable source of saving and borrowingPROVIDES MEMBERS WITH AFFORDABLE SOURCE OF SAVING AND BORROWINGPROVIDES MEMBERS WITH AFFORDABLE SOURCE OF SAVING AND BORROWING PROVIDES MEMBERS WITH AFFORDABLE SOURCE OF SAVING AND BORROWING
Financial data
Revenue
Total revenue, current year$330,981.00$313,070.00$283,292.00 $322,320.00
Program service revenue, current year$0.00$0.00$0.00 $0.00
Investment income, current year$113,544.00$101,928.00$91,208.00 $108,487.00
Total revenue from grants, etc., current year$0.00$0.00$0.00 $0.00
Total unrelated business revenue    $0.00
Other revenue, current year$217,437.00$211,142.00$192,084.00 $213,833.00
Net unrelated business taxable revenue$2,840.00$2,595.00   
Program service revenue (total)$0.00    
Other types of revenue
Royalties (total)$0.00    
Miscellaneous revenue (total)$217,437.00$211,142.00$192,084.00 $213,833.00
Investment income$113,544.00$101,928.00$91,208.00 $108,487.00
Expense categories (totals)
Total expenses, current year$308,737.00$241,261.00$262,177.00 $270,253.00
Total functional expenses: program service $0.00$0.00$0.00 $0.00
Total functional expenses: management and general$0.00$0.00$0.00 $0.00
Total functional expenses: fundraising$0.00$0.00$0.00 $0.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00 $0.00
Investment management fees (total)$0.00$3,843.00$9,535.00 $3,293.00
Assets and liabilities
Total assets, end of year$14,377,804.00$14,205,662.00$13,892,268.00 $13,194,200.00
Total assets, beginning of current year$14,205,662.00$13,892,268.00$13,398,307.00 $12,663,095.00
Total liabilities, end of year$14,355,560.00$14,133,853.00$13,871,153.00 $13,142,134.00
Total liabilities, beginning of year$14,133,853.00$13,871,153.00$13,397,109.00 $12,663,095.00
Net assets, end of year$22,244.00$71,809.00$21,115.00 $52,066.00
Net assets, beginning of current year$71,809.00$21,115.00$1,198.00  
Other liabilities$14,354,209.00$14,132,552.00$13,869,843.00 $13,141,023.00
Other assets$157,567.00$157,418.00$149,824.00 $150,696.00
Investments: other securities$9,644,093.00$9,478,935.00$9,926,443.00 $8,551,966.00
Cash: non-interest bearing, end of year$574,241.00$386,139.00$179,366.00 $819,227.00
Cash: non-interest bearing, beginning of year$386,139.00$179,366.00$337,236.00 $437,668.00
Gross receipts$330,981.00$0.00$0.00 $0.00
Revenue less expenses, current year$22,244.00$71,809.00$21,115.00 $52,067.00
Advertising (total)$1,205.00$1,881.00$250.00 $257.00
Accounts payable & accrued expenses$1,351.00$1,301.00$1,310.00 $1,111.00
Total net assets or fund balances, end of year$22,244.00$71,809.00$21,115.00 $52,067.00
Depreciation, depletion, amortization$12,582.00$7,447.00$5,396.00 $9,348.00
Governance and accountability
Number of voting members999 9
Number of independent voting members999 9
Accrual accountingTrueTrueTrue True
Financial sheets were auditedTrueTrue  True
Tax year start date2016-01-012015-01-012014-01-01 2012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Checklist of schedules (selected)
Outstanding loan to key person or disqualified personTrueTrueTrue True
Metadata about the filing
Return type: 990, 990EZ, or 990PF990990990 990
IRS schema version2016v3.02015v2.12014v5.0 2012v2.0
Filing identifier201710899349300416201600759349300325201540779349301104 201301159349300935
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