State Chartered Credit Unions In Louisiana
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 10,306,924 | 9,714,567 | 592,357 | 20.9 | 24% |
| 2021 | 12,096,894 | 9,444,757 | 2,652,137 | 24.2 | 28% |
| 2022 | 14,658,995 | 11,804,489 | 2,854,506 | 23.9 | 30% |
| 2023 | 14,677,259 | 13,811,885 | 865,374 | 20.9 | 29% |
In its most recent public year (2023), this organization brought in $865,374 more than it spent. Its reserves stood at about 20.9 months of spending. Staff pay was 29% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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