Liabilities / Assets
10th percentile
Higher debt load relative to assets than 10% of similar nonprofits.
L a Electrical Workers Credit Union
990 • Fiscal year 2016 • EIN 95-1847819
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.79x
Liabilities / Revenue
94th percentile
Higher debt load relative to revenue than 94% of similar nonprofits.
Net Margin
25th percentile
Higher net margin than 25% of similar nonprofits.
Top Officer Pay
39th percentile
Higher top officer pay than 39% of similar nonprofits.
Top officer pay equals 8.0% of source-year revenue.
Asset Growth
10th percentile
Faster asset growth than 10% of similar nonprofits.
Revenue Growth
14th percentile
Faster revenue growth than 14% of similar nonprofits.
Balance Sheet
Assets
Down$44,032,893
Down $778,028 (-1.7%) from 2015
Net Assets
Up$9,460,644
Up $37,660 (+0.4%) from 2015
Liabilities
Down$34,572,249
Down $815,688 (-2.3%) from 2015
Revenue And Expenses
Revenue
Down$1,077,031
Down $25,772 (-2.3%) from 2015
Expenses
Down$1,050,734
Down $82,333 (-7.3%) from 2015
Net Income
Up$26,297
Up $56,561 (+187%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2016 to Dec 31, 2016
- Signed
- Nov 13, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $1,077,031
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 in Publicly Traded Securities | $18,311,721 | $20,410,388 | ▲ $2,098,667 |
| Investments Other Securities | $19,170,682 | $15,754,797 | ▼ $3,415,885 |
| Rtn Earn Endowment Incm Other Fnds | $9,422,984 | $9,460,644 | ▲ $37,660 |
| Other Notes and Loans Receivable, Net | $3,391,259 | $3,982,855 | ▲ $591,596 |
| Land, Buildings, and Equipment, Net | $3,071,271 | $3,060,433 | ▼ $10,838 |
| Accounts Receivable | $109,587 | $289,582 | ▲ $179,995 |
| Cash and Non-Interest-Bearing Accounts | $91,425 | $172,795 | ▲ $81,370 |
| Prepaid Expenses and Deferred Charges | $21,761 | $23,842 | ▲ $2,081 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $44,810,921 | $44,032,893 | ▼ $778,028 |
| Other Assets Total | $643,215 | $338,201 | ▼ $305,014 |
| Liabilities | |||
| Other Liabilities | $35,031,258 | $34,476,858 | ▼ $554,400 |
| Accounts Payable and Accrued Expenses | $356,679 | $95,391 | ▼ $261,288 |
| Total Liabilities | $35,387,937 | $34,572,249 | ▼ $815,688 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $9,422,984 | $9,460,644 | ▲ $37,660 |
| Total Liabilities and Net Assets / Fund Balance | $44,810,921 | $44,032,893 | ▼ $778,028 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Land | $2,150,000 | - | $2,150,000 |
| Buildings | $809,675 | $92,544 | $902,219 |
| Equipment | $100,758 | $50,061 | $150,819 |
| Other Securities | $2,267,797 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Annette Santos | Operations Manager | FT | $65,426 | $20,651 | $86,077 |
| Karla Sornoza | Operations Manager | FT | $39,230 | $18,513 | $57,743 |
Board Members and Trustees
| Name | Title |
|---|---|
| Richard Reed | President |
| Jorge Luis Arida | Vice President |
| Barry Meyer | Director |
| Eric Brown | Director |
| Karl Bajer Jr | Director |
| Jeffrey Powell | Secretary |
| Mark Greenfield | Treasurer/CEO |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $365,322
- Investment Income
- $658,348
- Other Revenue
- $53,361
- Change in Net Assets
- $26,297
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $425,940 |
| Salaries, Compensation, and Employee Benefits | $390,105 |
| 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 | - | - | - | $234,689 |
| Other Salaries and Wages | - | - | - | $172,023 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $144,080 |
| Occupancy | - | - | - | $73,297 |
| Office Expenses | - | - | - | $64,946 |
| Fees for Services Accounting | - | - | - | $56,734 |
| Other Employee Benefits | - | - | - | $49,507 |
| Other Expenses | - | - | - | $45,657 |
| Depreciation Depletion | - | - | - | $39,546 |
| Fees for Services Other | - | - | - | $37,174 |
| Insurance | - | - | - | $29,348 |
| All Other Expenses | - | - | - | $26,330 |
| Information Technology | - | - | - | $22,203 |
| Payroll Taxes | - | - | - | $16,997 |
| Fees for Service Investment Mgmnt Fees | - | - | - | $7,992 |
| Fees for Services Legal | - | - | - | $7,594 |
| Pension Plan Contributions | - | - | - | $7,498 |
| Travel | - | - | - | $6,294 |
| Advertising | - | - | - | $4,893 |
| Conferences and Meetings | - | - | - | $3,918 |
| Interest | - | - | - | $14 |
| Total Functional Expenses | $0 | $0 | $0 | $1,050,734 |
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 | $34,476,858 |
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, or 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 11B
“Form 990 is prepared by an outside accounting firm and is reviewed by the operations manager. A copy of form 990 is provided to the board of directors before filing with the irs.”
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
“Key employees' salary is reviewed and approved annually by the board of directors. The factors used in the review are number of years of service and performance. New hires would be based on industry standards and experience.”
Form 990, Part VI, Section C, Line 19
“Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).”
Filing and Contact Details
Filer
- Filer Name
- La Electrical Workers Credit Union
- EIN
- 95-1847819
- Phone
- 6264409284
- Address
- 3820 E COLORADO BLVD, PASADENA, CA 91107
Signing Officer
- Name
- Annette Santos
- Title
- CEO/treasurer
- Phone
- 6264409284
- Signed
- 2017-11-13
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Marc Greenfield
- Formed
- 1953
- Legal Domicile
- CA
- Voting Board Members
- 7
- Independent Board Members
- 7
- Employees
- 7
- Volunteers
- 12
Preparer
- Firm
- Rsm US Llp
- Address
- 801 NICOLLET MALL SUITE 1100, MINNEAPOLIS, MN 55402
- Preparer
- Gerald B Kissell
- Phone
- 6123324300
Supplemental Narrative
Additional Explanations
FORM 990, PART I, LINE 6, VOLUNTEERS:
“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 statements and new and old business. The supervisory committee meet monthly to address new and pending credit union and member issues. The credit committee meets every monday to review member loan applications.”
Raw XML Appendix374 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.
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|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 95391 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 109587 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 289582 |
| 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 | 4893 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 26330 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 234689 |
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| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6264409284 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 3820 E COLORADO BLVD |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | PASADENA |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 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 | 91425 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 172795 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 144080 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
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| IRS990/ConflictOfInterestPolicyInd | 0 | 0 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
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| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 658348 |
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| IRS990/CYOtherRevenueAmt | 0 | 53361 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 365322 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 26297 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 390105 |
| IRS990/CYTotalExpensesAmt | 0 | 1050734 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1077031 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 39546 |
| 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 3,855 WITH SHARES, SHARE DRAFTS, AND IRA DEPOSITS TOTALING $34,476,858. |
| 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 | 56734 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 7594 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 37174 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 7992 |
| 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 | 20651 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 18513 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | RICHARD REED |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JORGE LUIS ARIDA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | JEFFREY POWELL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | MARK GREENFIELD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | KARL BAJER JR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | BARRY MEYER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | ERIC BROWN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | ANNETTE SANTOS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | KARLA SORNOZA |
| 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 |
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| 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/Form990TFiledInd | 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 | 1077031 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 53361 |
| 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 | 22203 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 29348 |
| IRS990/InterestGrp/TotalAmt | 0 | 14 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 658348 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 658348 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 19170682 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 15754797 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 18311721 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 20410388 |
| IRS990/IRPDocumentCnt | 0 | 960 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 142605 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 3071271 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 3060433 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 3203038 |
| 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 | 9422984 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 9460644 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | 53361 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 53361 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | -1395 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 11363 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 73297 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 64946 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 643215 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 338201 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 49507 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROVISION FOR LOAN LOSS |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 45657 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 35031258 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 34476858 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 172023 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 3391259 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 3982855 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 16997 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 7498 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 21761 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 23842 |
| IRS990/PrincipalOfficerNm | 0 | MARC GREENFIELD |
| 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 | 254046 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 107964 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 254046 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 111276 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 3312 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | TO MAKE LOANS TO ITS MEMBERS FOR PROVIDENT PURPOSES AT REASONABLE RATES OF INTEREST. TO FINANCE THE PURCHASE OF PROPERTY BY ITS MEMBERS. IN 2016 THE CREDIT UNION MADE 1,547 LOANS TOTALING $5,979,161. |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 258709 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 710725 |
| IRS990/PYOtherExpensesAmt | 0 | 453257 |
| IRS990/PYOtherRevenueAmt | 0 | 33945 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 358133 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -30264 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 421101 |
| IRS990/PYTotalExpensesAmt | 0 | 1133067 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 1102803 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 26297 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 53361 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 9422984 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 9460644 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 809675 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 92544 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 902219 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 100758 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 50061 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 150819 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 2150000 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 2150000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 34476858 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | MEMBER SHARE DEPOSITS |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 13487000 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 1 | 2267797 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | CERTIFICATE OF DEPOSITS |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | CORP DEPOSITS |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 1 | C |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 3060433 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 15754797 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 34476858 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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 STATEMENTS AND NEW AND OLD BUSINESS. THE SUPERVISORY COMMITTEE MEET MONTHLY TO ADDRESS NEW AND PENDING CREDIT UNION AND MEMBER ISSUES. THE CREDIT COMMITTEE MEETS EVERY MONDAY TO REVIEW MEMBER LOAN APPLICATIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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 | 2 | MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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 | 4 | FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS REVIEWED BY THE OPERATIONS MANAGER. A COPY OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS BEFORE FILING WITH THE IRS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE BOARD OF DIRECTORS REVIEW, MONTHLY, ANY ISSUES THAT MAY ARISE. THERE IS NO FORMAL WRITTEN POLICY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | KEY EMPLOYEES' SALARY IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS. THE FACTORS USED IN THE REVIEW ARE NUMBER OF YEARS OF SERVICE AND PERFORMANCE. NEW HIRES WOULD BE BASED ON INDUSTRY STANDARDS AND EXPERIENCE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART I, LINE 6, VOLUNTEERS: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION B, LINE 12 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART VI, SECTION C, LINE 19 |
| 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 | 44810921 |
| IRS990/TotalAssetsEOYAmt | 0 | 44032893 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 44810921 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 44032893 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 7 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1050734 |
| IRS990/TotalGrossUBIAmt | 0 | 3312 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 35387937 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 34572249 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 35387937 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 34572249 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 9422984 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 9460644 |
| IRS990/TotalOtherCompensationAmt | 0 | 39164 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 365322 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 104656 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 711709 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 362010 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1077031 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 3312 |
| IRS990/TotalVolunteersCnt | 0 | 12 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 44810921 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 44032893 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/TotalAmt | 0 | 6294 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 1 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 3820 E COLORADO BLVD |
| IRS990/USAddress/CityNm | 0 | PASADENA |
| IRS990/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990/USAddress/ZIPCd | 0 | 91107 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 7 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WebsiteAddressTxt | 0 | WWW.LAEWCU.COM |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| 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 | 2017-11-13 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LA ELECTRICAL WORKERS CREDIT UNION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LAEL |
| ReturnHeader/Filer/EIN | 0 | 951847819 |
| ReturnHeader/Filer/PhoneNum | 0 | 6264409284 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 3820 E COLORADO BLVD |
| ReturnHeader/Filer/USAddress/CityNm | 0 | PASADENA |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 91107 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 01563F10D6676BDC9B96404AA3206AA292B808E6 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 5AB5DFEC54AF030231DDAA57F2AFD57D98013E0B |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 108.171.131.188 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2017-11-13 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CS |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 17:25:30 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 420714325 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | RSM US LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 801 NICOLLET MALL SUITE 1100 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MINNEAPOLIS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 55402 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6123324300 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | GERALD B KISSELL |
| ReturnHeader/ReturnTs | 0 | 2017-11-15T12:45:50-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-12-31 |
| ReturnHeader/TaxYr | 0 | 2016 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $44,032,893
- Liabilities
- $34,572,249
- Net assets
- $9,460,644
- Revenue
- $1,077,031
- Expenses
- $1,050,734
- Net income
- $26,297