Liabilities / Assets
9th percentile
Higher debt load relative to assets than 9% of similar nonprofits.
L a Electrical Workers Credit Union
990 • Fiscal year 2020 • EIN 95-1847819
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.77x
Liabilities / Revenue
92nd percentile
Higher debt load relative to revenue than 92% of similar nonprofits.
Net Margin
8th percentile
Higher net margin than 8% of similar nonprofits.
Top Officer Pay
41st percentile
Higher top officer pay than 41% of similar nonprofits.
Top officer pay equals 9.5% of source-year revenue.
Asset Growth
1st percentile
Faster asset growth than 1% of similar nonprofits.
Revenue Growth
15th percentile
Faster revenue growth than 15% of similar nonprofits.
Balance Sheet
Assets
Up$41,202,442
Up $65,149 (+0.2%) from 2019
Net Assets
Down$9,331,946
Down $21,561 (-0.2%) from 2019
Liabilities
Up$31,870,496
Up $86,710 (+0.3%) from 2019
Revenue And Expenses
Revenue
Down$1,018,553
Down $142,160 (-12%) from 2019
Expenses
Down$1,083,885
Down $18,307 (-1.7%) from 2019
Net Income
Down-$65,332
Down $123,853 (-212%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Aug 15, 2023
- Return Version
- 2020v4.2
- Gross Receipts
- $1,018,553
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 | $19,826,682 | $22,344,339 | ▲ $2,517,657 |
| Rtn Earn Endowment Incm Other Fnds | $9,353,507 | $9,331,946 | ▼ $21,561 |
| Investments in Publicly Traded Securities | $8,919,317 | $7,494,116 | ▼ $1,425,201 |
| Other Notes and Loans Receivable, Net | $7,549,075 | $6,806,797 | ▼ $742,278 |
| Land, Buildings, and Equipment, Net | $3,077,396 | $3,051,875 | ▼ $25,521 |
| Cash and Non-Interest-Bearing Accounts | $1,285,733 | $988,383 | ▼ $297,350 |
| Accounts Receivable | $136,848 | $133,186 | ▼ $3,662 |
| Prepaid Expenses and Deferred Charges | $26,181 | $25,254 | ▼ $927 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $41,137,293 | $41,202,442 | ▲ $65,149 |
| Other Assets Total | $316,061 | $358,492 | ▲ $42,431 |
| Liabilities | |||
| Other Liabilities | $31,697,043 | $31,797,691 | ▲ $100,648 |
| Accounts Payable and Accrued Expenses | $86,743 | $72,805 | ▼ $13,938 |
| Total Liabilities | $31,783,786 | $31,870,496 | ▲ $86,710 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $9,353,507 | $9,331,946 | ▼ $21,561 |
| Total Liabilities and Net Assets / Fund Balance | $41,137,293 | $41,202,442 | ▲ $65,149 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Land | $2,150,000 | - | $2,150,000 |
| Buildings | $825,088 | $248,297 | $1,073,385 |
| Equipment | $76,787 | $84,889 | $161,676 |
| Other Securities | $5,372,797 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Annette Santos | Operations Manager | FT | $79,010 | $18,091 | $97,101 |
Board Members and Trustees
| Name | Title |
|---|---|
| Robert Corona | President |
| Jeffrey Slomiak | Vice-president |
| Gary Tomlin | Director |
| Ladislao Ortiz | Director |
| Shawn Mcdonald | Director |
| Karl Bajer Jr | Former Director |
| Shomari Davis | Secretary |
| Marc Greenfield | Treasurer/CEO |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $548,687
- Investment Income
- $450,329
- Other Revenue
- $19,537
- Change in Net Assets
- $-65,332
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $472,890 |
| Salaries, Compensation, and Employee Benefits | $458,589 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | - | - | $255,692 |
| Benefits to Members | - | - | - | $152,406 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $97,101 |
| Office Expenses | - | - | - | $96,538 |
| Other Employee Benefits | - | - | - | $84,995 |
| Fees for Services Accounting | - | - | - | $64,890 |
| Fees for Services Management | - | - | - | $64,727 |
| Depreciation Depletion | - | - | - | $58,090 |
| Occupancy | - | - | - | $38,966 |
| Insurance | - | - | - | $25,977 |
| Payroll Taxes | - | - | - | $20,801 |
| Information Technology | - | - | - | $14,803 |
| Other Expenses | - | - | - | $11,575 |
| Fees for Service Investment Mgmnt Fees | - | - | - | $8,324 |
| All Other Expenses | - | - | - | $7,576 |
| Advertising | - | - | - | $4,180 |
| Travel | - | - | - | $3,287 |
| Total Functional Expenses | $0 | $0 | $0 | $1,083,885 |
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 | $31,797,691 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Backup withholding compliance
- Yes
- Business relationship with 35% controlled entity
- No
- 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
- No
- Conflict-of-interest policy
- No
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 6
“L a electrical workers credit union has members as specified in its bylaws.”
Form 990, Part VI, Section A, Line 7A
“L a electrical workers credit union members have the power to elect the members of the governing body.”
Form 990, Part VI, Section B, Line 11B
“The form 990 is prepared by an outside accounting firm and is reviewed by the executive vice president. A copy of the form 990 is provided to the board of directors before filing with the irs.”
Form 990, Part VI, Section B, Line 15A
“L a electrical workers credit union board of directors sets the compensation of the chief executive officer based on the current ibew local 11 general foreman salary, which happens to be slightly less than the 50% midpoint salary range according to the 2022 cuna benchmark compensation structure. The board of directors maintains contemporaneous documentation and recordkeeping for deliberations and decisions regarding compensation arrangements.”
Form 990, Part VI, Section C, Line 19
“L a electrical workers credit union (credit union) makes its governing documents, conflict of interest policy, and unaudited financial statements available to the public upon request in the same time and manner as other disclosures required under internal revenue code section 6104. The credit union does not have a conflict of interest policy.”
Filing and Contact Details
Filer
- Filer Name
- L a Electrical Workers Credit Union
- EIN
- 95-1847819
- Phone
- 6264409284
- Address
- 3820 E COLORADO BLVD, PASADENA, CA 91107
Signing Officer
- Name
- Shawn Mcdonald
- Title
- CEO/treasurer
- Phone
- 6264409284
- Signed
- 2023-08-15
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Shawn Mcdonald
- Formed
- 1953
- Legal Domicile
- CA
- Voting Board Members
- 7
- Independent Board Members
- 7
- Employees
- 6
- Volunteers
- 10
Preparer
- Firm
- Rsm US Llp
- Address
- 4650 EAST 53RD STREET, DAVENPORT, IA 52807-3479
- Preparer
- Jenifer L Chase
- Phone
- 5638884000
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.”
FORM 990, PART IV, LINE 12A & PART XII, LINE 2B:
“L a electrical workers credit union's (credit union) financial statements are audited on a separate basis by an independent accountant. However, the financial statements are audited on a fiscal year-end basis of september 30th, while the credit union's tax year-end is december 31st.”
Raw XML Appendix371 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 |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 86743 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 72805 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 136848 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 133186 |
| 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 | 4180 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 7576 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 152406 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | SHAWN MCDONALD |
| 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/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 1285733 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 988383 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 97101 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 0 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 152406 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 450329 |
| IRS990/CYOtherExpensesAmt | 0 | 472890 |
| IRS990/CYOtherRevenueAmt | 0 | 19537 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 548687 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -65332 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 458589 |
| IRS990/CYTotalExpensesAmt | 0 | 1083885 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1018553 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 58090 |
| IRS990/Desc | 0 | L A ELECTRICAL WORKERS CREDIT UNION RECEIVES MONEY FROM MEMBERS FOR THE PURCHASE OF REGULAR SHARES AND SHARE DRAFTS AND TO RETURN THE HIGHEST DIVIDEND RATE POSSIBLE. AS OF DECEMBER 31, 2020 THE TOTAL NUMBER OF MEMBERS/ACCOUNTS WAS 4,299 WITH SHARES TOTALING $25,862,741, 816 SHARE DRAFT ACCOUNTS TOTALING $1,458,404, 18 IRA DEPOSIT ACCOUNTS TOTALING $10,152, AND IRA CD DEPOSITS TOTALING $3,610,639. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 6 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 64890 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 64727 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 8324 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 38.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| 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/OtherCompensationAmt | 0 | 18091 |
| 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 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | ANNETTE SANTOS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | KARL BAJER JR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | ROBERT CORONA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | SHOMARI DAVIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | MARC GREENFIELD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | SHAWN MCDONALD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | LADISLAO ORTIZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | JEFFREY SLOMIAK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | GARY TOMLIN |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 79010 |
| 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 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| 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 | OPERATIONS MANAGER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | FORMER DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | TREASURER/CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | VICE-PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1953 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| 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 | 1018553 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 19537 |
| 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/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 14803 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 25977 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 450329 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 450329 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 19826682 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 22344339 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 8919317 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 7494116 |
| IRS990/IRPDocumentCnt | 0 | 635 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 333186 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 3077396 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 3051875 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 3385061 |
| 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 | 9353507 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 9331946 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | 19537 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 19537 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 43771 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 38966 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 96538 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 316061 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 358492 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 84995 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROVISION FOR LOAN LOSS |
| IRS990/OtherExpensesGrp/Desc | 1 | BANK SERVICE CHARGES |
| IRS990/OtherExpensesGrp/Desc | 2 | COLLECTION |
| IRS990/OtherExpensesGrp/Desc | 3 | SURETY BOND PREMIUM |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 30168 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 24891 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 18898 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 11575 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 31697043 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 31797691 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 255692 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 7549075 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 6806797 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 20801 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 26181 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 25254 |
| IRS990/PrincipalOfficerNm | 0 | SHAWN MCDONALD |
| 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 | 431230 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 116905 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 431230 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 117457 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 552 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 215207 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 585170 |
| IRS990/PYOtherExpensesAmt | 0 | 485986 |
| IRS990/PYOtherRevenueAmt | 0 | 20256 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 555287 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 58521 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 400999 |
| IRS990/PYTotalExpensesAmt | 0 | 1102192 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 1160713 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -65332 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 19537 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 9353507 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 9331946 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 825088 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 248297 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 1073385 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 76787 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 84889 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 161676 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 2150000 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 2150000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 31797691 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | MEMBER SHARE DEPOSITS |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 16971542 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 1 | 5372797 |
| 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 | 3051875 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 22344339 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 31797691 |
| 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 | L A ELECTRICAL WORKERS CREDIT UNION HAS MEMBERS AS SPECIFIED IN ITS BYLAWS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | L A ELECTRICAL WORKERS CREDIT UNION MEMBERS HAVE THE POWER TO ELECT THE MEMBERS OF THE GOVERNING BODY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS REVIEWED BY THE EXECUTIVE VICE PRESIDENT. A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS BEFORE FILING WITH THE IRS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | L A ELECTRICAL WORKERS CREDIT UNION BOARD OF DIRECTORS SETS THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER BASED ON THE CURRENT IBEW LOCAL 11 GENERAL FOREMAN SALARY, WHICH HAPPENS TO BE SLIGHTLY LESS THAN THE 50% MIDPOINT SALARY RANGE ACCORDING TO THE 2022 CUNA BENCHMARK COMPENSATION STRUCTURE. THE BOARD OF DIRECTORS MAINTAINS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING FOR DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARRANGEMENTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | L A ELECTRICAL WORKERS CREDIT UNION (CREDIT UNION) MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND UNAUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN THE SAME TIME AND MANNER AS OTHER DISCLOSURES REQUIRED UNDER INTERNAL REVENUE CODE SECTION 6104. THE CREDIT UNION DOES NOT HAVE A CONFLICT OF INTEREST POLICY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | L A ELECTRICAL WORKERS CREDIT UNION'S (CREDIT UNION) FINANCIAL STATEMENTS ARE AUDITED ON A SEPARATE BASIS BY AN INDEPENDENT ACCOUNTANT. HOWEVER, THE FINANCIAL STATEMENTS ARE AUDITED ON A FISCAL YEAR-END BASIS OF SEPTEMBER 30TH, WHILE THE CREDIT UNION'S TAX YEAR-END IS DECEMBER 31ST. |
| 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 B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART IV, LINE 12A & PART XII, LINE 2B: |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 41137293 |
| IRS990/TotalAssetsEOYAmt | 0 | 41202442 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 41137293 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 41202442 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 6 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1083885 |
| IRS990/TotalGrossUBIAmt | 0 | 552 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 31783786 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 31870496 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 31783786 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 31870496 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 9353507 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 9331946 |
| IRS990/TotalOtherCompensationAmt | 0 | 18091 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 548687 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 79010 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 469866 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 548135 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1018553 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 552 |
| IRS990/TotalVolunteersCnt | 0 | 10 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 41137293 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 41202442 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/TotalAmt | 0 | 3287 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| 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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 3 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SHAWN MCDONALD |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CEO/TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6264409284 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-08-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | L A 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/PreparerFirmGrp/PreparerFirmEIN | 0 | 420714325 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | RSM US LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 4650 EAST 53RD STREET |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | DAVENPORT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 528073479 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5638884000 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-08-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JENIFER L CHASE |
| ReturnHeader/ReturnTs | 0 | 2023-08-16T07:58:52-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | SHAWN |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | MCDONALD |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $41,202,442
- Liabilities
- $31,870,496
- Net assets
- $9,331,946
- Revenue
- $1,018,553
- Expenses
- $1,083,885
- Net income
- -$65,332