Liabilities / Assets
10th percentile
Higher debt load relative to assets than 10% of similar nonprofits.
L a Electrical Workers Credit Union
990 • Fiscal year 2013 • EIN 95-1847819
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.79x
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
11th percentile
Higher net margin than 11% of similar nonprofits.
Top Officer Pay
47th percentile
Higher top officer pay than 47% of similar nonprofits.
Top officer pay equals 9.3% of source-year revenue.
Asset Growth
30th percentile
Faster asset growth than 30% of similar nonprofits.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
Down$46,310,598
Down $161,921 (-0.3%) from 2012
Net Assets
Down$9,506,242
Down $99,460 (-1.0%) from 2012
Liabilities
Down$36,804,356
Down $62,461 (-0.2%) from 2012
Revenue And Expenses
Revenue
$1,009,250
No earlier filing loaded for comparison.
Expenses
Up$1,094,657
Up $139,335 (+15%) from 2012
Net Income
-$85,407
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2013 to Dec 31, 2013
- Signed
- Nov 4, 2014
- Return Version
- 2013v3.0
- Gross Receipts
- $1,009,250
Mission and Program Overview
Mission
To promote thrift, honesty, integrity, business methods, and the spirit of service among its members.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Other Securities | $37,569,293 | $30,405,275 | ▼ $7,164,018 |
| Rtn Earn Endowment Incm Other Fnds | $9,605,702 | $9,506,242 | ▼ $99,460 |
| Investments in Publicly Traded Securities | $736,824 | $7,314,793 | ▲ $6,577,969 |
| Land, Buildings, and Equipment, Net | $3,067,779 | $3,107,835 | ▲ $40,056 |
| Other Notes and Loans Receivable, Net | $1,731,812 | $2,545,531 | ▲ $813,719 |
| Cash and Non-Interest-Bearing Accounts | $2,800,604 | $2,211,013 | ▼ $589,591 |
| Prepaid Expenses and Deferred Charges | $92,958 | $261,406 | ▲ $168,448 |
| Accounts Receivable | $109,587 | $109,587 | → $0 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $46,472,519 | $46,310,598 | ▼ $161,921 |
| Other Assets Total | $363,662 | $355,158 | ▼ $8,504 |
| Liabilities | |||
| Other Liabilities | $36,581,142 | $36,530,936 | ▼ $50,206 |
| Accounts Payable and Accrued Expenses | $285,675 | $273,420 | ▼ $12,255 |
| Total Liabilities | $36,866,817 | $36,804,356 | ▼ $62,461 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $9,605,702 | $9,506,242 | ▼ $99,460 |
| Total Liabilities and Net Assets / Fund Balance | $46,472,519 | $46,310,598 | ▼ $161,921 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Land | $2,150,000 | - | $2,150,000 |
| Buildings | $879,083 | $23,136 | $902,219 |
| Equipment | $78,752 | $30,771 | $109,523 |
| Other Securities | $2,420,170 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Jose Salazar | Operations Manager | FT | $59,905 | $33,958 | $93,863 |
| Annette Santos | Operations Manager | FT | $59,752 | $22,362 | $82,114 |
Board Members and Trustees
| Name | Title |
|---|---|
| Richard Reed | President |
| Jorge Luis Arida | Vice President |
| Barry Meyer | Director |
| Karl Bajer Jr | Director |
| Marc Greenfield | Director |
| Gaylord Roten | Secretary |
| Harvey Bachand | Treasurer/CEO |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $326,113
- Investment Income
- $665,937
- Other Revenue
- $17,200
- Change in Net Assets
- $-85,407
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $401,970 |
| Salaries, Compensation, and Employee Benefits | $360,833 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Benefits to Members | - | - | - | $331,854 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $175,977 |
| Other Salaries and Wages | - | - | - | $122,991 |
| Office Expenses | - | - | - | $73,695 |
| Occupancy | - | - | - | $71,080 |
| Fees for Services Other | - | - | - | $44,329 |
| Fees for Services Accounting | - | - | - | $41,968 |
| Depreciation Depletion | - | - | - | $38,098 |
| Other Employee Benefits | - | - | - | $36,754 |
| Insurance | - | - | - | $30,133 |
| Information Technology | - | - | - | $29,751 |
| Travel | - | - | - | $15,605 |
| Payroll Taxes | - | - | - | $14,238 |
| Pension Plan Contributions | - | - | - | $10,873 |
| Advertising | - | - | - | $10,299 |
| Other Expenses | - | - | - | $5,475 |
| Fees for Services Legal | - | - | - | $3,892 |
| Conferences and Meetings | - | - | - | $3,024 |
| Total Functional Expenses | $0 | $0 | $0 | $1,094,657 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Member Share Deposits | $36,530,936 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- No
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 6
“The credit union's members have rights to elect the members of the governing body. The credit union's members also receive a share of the organization's profits in the form of cash dividends.”
Form 990, Part VI, Section A, Line 7A
“Members of the credit union have the right to elect one or more members of the organization's governing body, whether periodically, as vacancies arise, or otherwise.”
Form 990, Part VI, Section A, Line 7B
“Members of the credit union have the right to approve the governing body's election and removal of members of the governing body, as well as other matters that are subject to the approval of members of the credit union as they occur.”
Form 990, Part VI, Section B, Line 11
“All original research information provided to preparers is confirmed on 990. A copy of the 990 will be provided to the board of directors before its filing.”
Form 990, Part VI, Section B, Line 12
“The board of directors review, monthly, any issues that may arise. There is no formal written policy.”
Form 990, Part VI, Section B, Line 15
“Volunteer officers are paid mileage as allowed by the irs standards. Key employees' salary is approved by the board of directors.”
Form 990, Part VI, Section C, Line 19
“Financial statements are posted in the credit union's office lobby. These documents are available upon request for the same period of disclosure as set forth in section 6104(d).”
Filing and Contact Details
Filer
- EIN
- 95-1847819
- Phone
- 6264409284
Signing Officer
- Name
- Annette Santos
- Title
- CEO/treasurer
- Phone
- 6264409284
- Signed
- 2014-11-04
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Harvey Bachand
- Formed
- 1953
- Legal Domicile
- CA
- Voting Board Members
- 7
- Independent Board Members
- 7
- Employees
- 7
- Volunteers
- 5
Preparer
- Preparer
- Gerald B Kissell
- Phone
- 6123324300
Supplemental Narrative
Additional Explanations
Form 990, Part I, Line 6
“Volunteers are elected at the annual member share holders meeting to the board of directors, supervisory committee and credit committee. The board of directors meet monthly to review financial statement & new and old businness. The supervisory committee meet monthly to address new and pending credit union and member issues. Credit committtee meet every monday to review member loan applications.”
Raw XML Appendix366 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 285675 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 273420 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 109587 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 109587 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO PROMOTE THRIFT, HONESTY, INTEGRITY, BUSINESS METHODS, AND THE SPIRIT OF SERVICE AMONG ITS MEMBERS. |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 10299 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 331854 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1 | 0 | HARVEY B BACHAND |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6264409284 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | 3820 E COLORADO BLVD |
| IRS990/BooksInCareOfDetail/USAddress/City | 0 | PASADENA |
| IRS990/BooksInCareOfDetail/USAddress/State | 0 | CA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 91107 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 2800604 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 2211013 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 175977 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 3024 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 0 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 331854 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 665937 |
| IRS990/CYOtherExpensesAmt | 0 | 401970 |
| IRS990/CYOtherRevenueAmt | 0 | 17200 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 326113 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -85407 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 360833 |
| IRS990/CYTotalExpensesAmt | 0 | 1094657 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1009250 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 38098 |
| IRS990/Desc | 0 | TO RECEIVE FROM MEMBERS MONEY FOR THE PURCHASE OF REGULAR SHARES AND SHARE DRAFTS AND TO RETURN THE HIGHEST DIVIDEND RATE POSSIBLE. THE TOTAL NUMBER OF MEMBERS/ACCOUNTS AT YEAR END WAS 3,527 WITH SHARES, SHARE DRAFTS, AND IRA DEPOSITS TOTALING $36,530,936. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 7 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 41968 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 3892 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 44329 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 38.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 38.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 33958 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 22362 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | RICHARD REED |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JORGE LUIS ARIDA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | GAYLORD ROTEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | HARVEY BACHAND |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | KARL BAJER JR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | MARC GREENFIELD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | BARRY MEYER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | JOSE SALAZAR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | ANNETTE SANTOS |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 59905 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 59752 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER/CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | OPERATIONS MANAGER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | OPERATIONS MANAGER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1953 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 1009250 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 17200 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 29751 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 30133 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 665937 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 665937 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 37569293 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 30405275 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 736824 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 7314793 |
| IRS990/IRPDocumentCnt | 0 | 1211 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 53907 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 3067779 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 3107835 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 3161742 |
| IRS990/LegalDomicileStateCd | 0 | CA |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 0 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO PROMOTE THRIFT, HONESTY, INTEGRITY, BUSINESS METHODS, AND THE SPIRIT OF SERVICE AMONG ITS MEMBERS. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 9605702 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 9506242 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | 17200 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 17200 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -14053 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 71080 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 73695 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 363662 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 355158 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 36754 |
| IRS990/OtherExpensesGrp/Desc | 0 | NCUA EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 1 | STAFF TRAINING/EDUCATIO |
| IRS990/OtherExpensesGrp/Desc | 2 | PROVISION FOR LOAN LOSS |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 28470 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 6151 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 5475 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 36581142 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 36530936 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 122991 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 1731812 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 2545531 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 14238 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 10873 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 92958 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 261406 |
| IRS990/PrincipalOfficerNm | 0 | HARVEY BACHAND |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 522100 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 522100 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LOAN INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | OTHER INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 222516 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 103597 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 222516 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 103597 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | TO MAKE LOANS TO ITS MEMBERS FOR PROVIDENT PURPOSES AT REASONABLE RATES OF INTEREST AND TO FINANCE THE PURCHASE OF PROPERTY BY ITS MEMBERS. THE TOTAL NUMBER OF LOANS MADE IN 2013 WERE 1,683 FOR A TOTAL DOLLAR AMOUNT OF $5,724,598. |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 364528 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 817289 |
| IRS990/PYOtherExpensesAmt | 0 | 243516 |
| IRS990/PYOtherRevenueAmt | 0 | 16500 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 205640 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 84107 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 347278 |
| IRS990/PYTotalExpensesAmt | 0 | 955322 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 1039429 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -85407 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 17200 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 9605702 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 9506242 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 879083 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 23136 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 902219 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 78752 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 30771 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 109523 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 2150000 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 2150000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 36530936 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | MEMBER SHARE DEPOSITS |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 27985105 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 1 | 2420170 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | DEPOSITS IN COMMERCIAL BANKS, S&L'S, SAVINGS BANKS |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | DEPOSITS IN CORPORATE CREDIT UNIONS |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | F |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 1 | F |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 3107835 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 30405275 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 36530936 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, AS VACANCIES ARISE, OR OTHERWISE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ALL ORIGINAL RESEARCH INFORMATION PROVIDED TO PREPARERS IS CONFIRMED ON 990. A COPY OF THE 990 WILL BE PROVIDED TO THE BOARD OF DIRECTORS BEFORE ITS FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE BOARD OF DIRECTORS REVIEW, MONTHLY, ANY ISSUES THAT MAY ARISE. THERE IS NO FORMAL WRITTEN POLICY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | VOLUNTEER OFFICERS ARE PAID MILEAGE AS ALLOWED BY THE IRS STANDARDS. KEY EMPLOYEES' SALARY IS APPROVED BY THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION'S OFFICE LOBBY. THESE DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | VOLUNTEERS ARE ELECTED AT THE ANNUAL MEMBER SHARE HOLDERS MEETING TO THE BOARD OF DIRECTORS, SUPERVISORY COMMITTEE AND CREDIT COMMITTEE. THE BOARD OF DIRECTORS MEET MONTHLY TO REVIEW FINANCIAL STATEMENT & NEW AND OLD BUSINNESS. THE SUPERVISORY COMMITTEE MEET MONTHLY TO ADDRESS NEW AND PENDING CREDIT UNION AND MEMBER ISSUES. CREDIT COMMITTTEE MEET EVERY MONDAY TO REVIEW MEMBER LOAN APPLICATIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 12 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART I, LINE 6 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 46472519 |
| IRS990/TotalAssetsEOYAmt | 0 | 46310598 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 46472519 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 46310598 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 7 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1094657 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 36866817 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 36804356 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 36866817 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 36804356 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 9605702 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 9506242 |
| IRS990/TotalOtherCompensationAmt | 0 | 56320 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 326113 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 119657 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 683137 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 326113 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1009250 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 5 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 46472519 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 46310598 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/TotalAmt | 0 | 15605 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1 | 0 | 3820 E COLORADO BLVD |
| IRS990/USAddress/City | 0 | PASADENA |
| IRS990/USAddress/State | 0 | CA |
| IRS990/USAddress/ZIPCode | 0 | 91107 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 7 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WebsiteAddressTxt | 0 | WWW.LAEWCU.COM |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2015-11-30 17:44:51Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ANNETTE SANTOS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CEO/TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6264409284 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2014-11-04 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | LA ELECTRICAL WORKERS CREDIT UNION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LAEL |
| ReturnHeader/Filer/EIN | 0 | 951847819 |
| ReturnHeader/Filer/PhoneNum | 0 | 6264409284 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | 3820 E COLORADO BLVD |
| ReturnHeader/Filer/USAddress/City | 0 | PASADENA |
| ReturnHeader/Filer/USAddress/State | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 91107 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 420714325 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1 | 0 | MCGLADREY LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1 | 0 | 801 NICOLLET MALL SUITE 1100 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City | 0 | MINNEAPOLIS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State | 0 | MN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode | 0 | 55402 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6123324300 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | GERALD B KISSELL |
| ReturnHeader/ReturnTs | 0 | 2014-11-06T13:59:58-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2013-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2013-12-31 |
| ReturnHeader/TaxYr | 0 | 2013 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2013 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $46,310,598
- Liabilities
- $36,804,356
- Net assets
- $9,506,242
- Revenue
- $1,009,250
- Expenses
- $1,094,657
- Net income
- -$85,407