Liabilities / Assets
10th percentile
Higher debt load relative to assets than 10% of similar nonprofits.
L a Electrical Workers Credit Union
990 • Fiscal year 2018 • EIN 95-1847819
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.78x
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
4th percentile
Higher net margin than 4% of similar nonprofits.
Top Officer Pay
35th percentile
Higher top officer pay than 35% of similar nonprofits.
Top officer pay equals 8.1% of source-year revenue.
Asset Growth
35th percentile
Faster asset growth than 35% of similar nonprofits.
Revenue Growth
16th percentile
Faster revenue growth than 16% of similar nonprofits.
Balance Sheet
Assets
Down$42,802,479
Down $322,801 (-0.7%) from 2017
Net Assets
Down$9,234,336
Down $88,090 (-0.9%) from 2017
Liabilities
Down$33,568,143
Down $234,711 (-0.7%) from 2017
Revenue And Expenses
Revenue
Up$1,119,047
Up $45,238 (+4.2%) from 2017
Expenses
Down$1,184,468
Down $32,140 (-2.6%) from 2017
Net Income
Up-$65,421
Up $77,378 (+54%) from 2017
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2018 to Dec 31, 2018
- Signed
- Nov 14, 2019
- Return Version
- 2018v3.1
- Gross Receipts
- $1,119,047
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 | $17,281,016 | $17,517,242 | ▲ $236,226 |
| Investments in Publicly Traded Securities | $17,454,513 | $15,824,628 | ▼ $1,629,885 |
| Rtn Earn Endowment Incm Other Fnds | $9,322,426 | $9,234,336 | ▼ $88,090 |
| Other Notes and Loans Receivable, Net | $4,672,940 | $5,889,441 | ▲ $1,216,501 |
| Land, Buildings, and Equipment, Net | $3,180,095 | $3,129,369 | ▼ $50,726 |
| Cash and Non-Interest-Bearing Accounts | $147,500 | $198,276 | ▲ $50,776 |
| Accounts Receivable | $248,528 | $161,786 | ▼ $86,742 |
| Prepaid Expenses and Deferred Charges | $21,351 | $25,487 | ▲ $4,136 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $43,125,280 | $42,802,479 | ▼ $322,801 |
| Other Assets Total | $119,337 | $56,250 | ▼ $63,087 |
| Liabilities | |||
| Other Liabilities | $33,665,157 | $33,475,025 | ▼ $190,132 |
| Accounts Payable and Accrued Expenses | $137,697 | $93,118 | ▼ $44,579 |
| Total Liabilities | $33,802,854 | $33,568,143 | ▼ $234,711 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $9,322,426 | $9,234,336 | ▼ $88,090 |
| Total Liabilities and Net Assets / Fund Balance | $43,125,280 | $42,802,479 | ▼ $322,801 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Land | $2,150,000 | - | $2,150,000 |
| Buildings | $903,883 | $138,816 | $1,042,699 |
| Equipment | $75,486 | $80,585 | $156,071 |
| Other Securities | $2,882,164 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Annette Santos | Operations Manager | FT | $74,159 | $16,977 | $91,136 |
| Nubia Arauz | Loan Officer Manager | FT | $52,394 | $13,550 | $65,944 |
Board Members and Trustees
| Name | Title |
|---|---|
| Richard Reed | President |
| Robert Corona | Vice President |
| Gary Tomlin | Director |
| Jeffrey Slomiak | Director |
| Karl Bajer Jr | Director |
| Shomari Davis | Director |
| Ladislao Ortiz | Secretary |
| Marc Greenfield | Treasurer/CEO |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $483,484
- Investment Income
- $617,563
- Other Revenue
- $18,000
- Change in Net Assets
- $-65,421
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $558,696 |
| Salaries, Compensation, and Employee Benefits | $396,863 |
| 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 | - | - | - | $228,909 |
| Other Salaries and Wages | - | - | - | $173,241 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $157,400 |
| Office Expenses | - | - | - | $90,607 |
| Occupancy | - | - | - | $83,743 |
| Fees for Services Accounting | - | - | - | $58,141 |
| Depreciation Depletion | - | - | - | $56,130 |
| Fees for Services Other | - | - | - | $37,279 |
| Other Employee Benefits | - | - | - | $34,338 |
| Other Expenses | - | - | - | $31,667 |
| Insurance | - | - | - | $29,654 |
| Information Technology | - | - | - | $26,350 |
| Payroll Taxes | - | - | - | $17,728 |
| Pension Plan Contributions | - | - | - | $14,156 |
| Advertising | - | - | - | $10,490 |
| Travel | - | - | - | $5,696 |
| Fees for Services Legal | - | - | - | $5,298 |
| Fees for Service Investment Mgmnt Fees | - | - | - | $489 |
| Interest | - | - | - | $26 |
| Total Functional Expenses | $0 | $0 | $0 | $1,184,468 |
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 | $33,475,025 |
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
- Marc Greenfield
- Title
- CEO/treasurer
- Phone
- 6264409284
- Signed
- 2019-11-14
- 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
- 8
- Volunteers
- 11
Preparer
- Firm
- Rsm US Llp
- Address
- 801 NICOLLET MALL WEST TOWER STE, 1100, MINNEAPOLIS, MN 55402-2526
- Preparer
- Kacie Mcewen
- Phone
- 6123324300
Supplemental Narrative
Additional Explanations
FORM 990, PART I, LINE 6, VOLUNTEERS:
“Volunteers are elected at the annual member shareholders 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 meets monthly to address new and pending credit union and member issues. The credit committee meets every monday to review member loan applications.”
Raw XML Appendix385 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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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 93118 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 248528 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 161786 |
| 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 | 10490 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 228909 |
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| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6264409284 |
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| 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 |
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| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 147500 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 198276 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 157400 |
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| IRS990/CompensationProcessOtherInd | 0 | 1 |
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| IRS990/ConservationEasementsInd | 0 | 0 |
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| IRS990/CYOtherExpensesAmt | 0 | 558696 |
| IRS990/CYOtherRevenueAmt | 0 | 18000 |
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| IRS990/CYRevenuesLessExpensesAmt | 0 | -65421 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 396863 |
| IRS990/CYTotalExpensesAmt | 0 | 1184468 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1119047 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 56130 |
| 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 4,028 WITH SHARES, SHARE DRAFTS, AND IRA DEPOSITS TOTALING $33,475,025. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 8 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 58141 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 5298 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 37279 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 489 |
| 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 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 38.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 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/IndividualTrusteeOrDirectorInd | 7 | 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 | 0 |
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| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 13550 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | RICHARD REED |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | ROBERT CORONA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | LADISLAO ORTIZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | MARC GREENFIELD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | KARL BAJER JR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | SHOMARI DAVIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | JEFFREY SLOMIAK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | GARY TOMLIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | ANNETTE SANTOS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | NUBIA ARAUZ |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
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| 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/ReportableCompFromRltdOrgAmt | 9 | 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 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | OPERATIONS MANAGER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | LOAN OFFICER 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 | 1119047 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 18000 |
| 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 | 26350 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 29654 |
| IRS990/InterestGrp/TotalAmt | 0 | 26 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 617563 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 617563 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 17281016 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 17517242 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 17454513 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 15824628 |
| IRS990/IRPDocumentCnt | 0 | 911 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 219401 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 3180095 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 3129369 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 3348770 |
| IRS990/LegalDomicileStateCd | 0 | CA |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 0 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 1 |
| 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 | 9322426 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 9234336 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | 18000 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 18000 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | -2844 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -22669 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 83743 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 90607 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 119337 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 56250 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 34338 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROVISION FOR LOAN LOSS |
| IRS990/OtherExpensesGrp/Desc | 1 | IT SUPPORT |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 123126 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 31667 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 33665157 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 33475025 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 173241 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 4672940 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 5889441 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 17728 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 14156 |
| IRS990/PoliciesReferenceChaptersInd | 0 | 1 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 21351 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 25487 |
| 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 | 333966 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 148575 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 333966 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 149518 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 943 |
| 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 2018 THE CREDIT UNION MADE 1,801 LOANS TOTALING $7,618,558. |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 241648 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 607197 |
| IRS990/PYOtherExpensesAmt | 0 | 553436 |
| IRS990/PYOtherRevenueAmt | 0 | 35009 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 431603 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -142799 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 421524 |
| IRS990/PYTotalExpensesAmt | 0 | 1216608 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 1073809 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -65421 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 18000 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 9322426 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 9234336 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 903883 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 138816 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 1042699 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 75486 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 80585 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 156071 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 2150000 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 2150000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 33475025 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | MEMBER SHARE DEPOSITS |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 14635078 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 1 | 2882164 |
| 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 | 3129369 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 17517242 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 33475025 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | VOLUNTEERS ARE ELECTED AT THE ANNUAL MEMBER SHAREHOLDERS 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 MEETS 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/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 43125280 |
| IRS990/TotalAssetsEOYAmt | 0 | 42802479 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 43125280 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 42802479 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 8 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1184468 |
| IRS990/TotalGrossUBIAmt | 0 | 943 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 33802854 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 33568143 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 33802854 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 33568143 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 9322426 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 9234336 |
| IRS990/TotalOtherCompensationAmt | 0 | 30527 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 483484 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 126553 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 635563 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 482541 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1119047 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 943 |
| IRS990/TotalVolunteersCnt | 0 | 11 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 43125280 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 42802479 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/TotalAmt | 0 | 5696 |
| 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 | 2020-04-17 16:48:07Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MARC GREENFIELD |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CEO/TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6264409284 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-11-14 |
| 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 | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | B56786F7D21A8F39D00ED83C272556B8DDCB8C36 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 66.98.98.3 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2019-11-14 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CS |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 07:46:39 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 420714325 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | RSM US LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 801 NICOLLET MALL WEST TOWER STE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt | 0 | 1100 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MINNEAPOLIS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 554022526 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6123324300 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | KACIE MCEWEN |
| ReturnHeader/ReturnTs | 0 | 2019-11-15T13:06:17-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2018-12-31 |
| ReturnHeader/TaxYr | 0 | 2018 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $42,802,479
- Liabilities
- $33,568,143
- Net assets
- $9,234,336
- Revenue
- $1,119,047
- Expenses
- $1,184,468
- Net income
- -$65,421