TY 2020 Form 990

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) JULIANNE BRUZINA......................................................................
CEO DIRECTOR

35
.................
35

55,245

(2) RICHARD BETSCH......................................................................
DIRECTOR PRESIDENT

0.50
.................
0.50

(3) DONNA BUSHMAN......................................................................
DIRECTOR

0.50
.................
0.50

(4) STEVEN BUSHMAN......................................................................
DIRECTOR

0.50
.................
0.50

(5) STEPHEN GEMPERLINE......................................................................
DIRECTOR TREASURER

0.50
.................
0.50

(6) THOMAS GOLDSCHMIDT......................................................................
DIRECTOR

0.50
.................
0.50

(7) RICHARD HARMEYER......................................................................
DIRECTOR

0.50
.................
0.50

(8) PATRICK MEEHAN......................................................................
DIRECTOR VICE PRESIDENT

0.50
.................
0.50

(9) GREGORY STEINMETZ......................................................................
DIRECTOR

0.50
.................
0.50

(10) DAVID STENGER......................................................................
DIRECTOR SECRETARY

0.50
.................
0.50

(11) FRANK WINGERT......................................................................
DIRECTOR

0.50
.................
0.50

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1)INVESTMENT FROM OTHER FINANCIAL INST	1,992,000	C
(2)CORP 1 PPC FUND	54,734	C
(3)NCUA FUND	48,594	C
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)	2,095,328

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	5,025,340
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1..................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................	2e
3	Subtract line 2e from line 1...................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

281 ST JAMES PARISH CREDIT UNION INC

Employer identification number

31-6033713

Return Reference	Explanation
Form 990, Part VI, Section A, Line 2	DONNA BUSHMAN AND STEVEN BUSHMAN BOTH MEMBERS OF BOARD OF DIRECTORS ARE MOTHER AND SON
Form 990, Part VI, Section A, Line 6	THE CREDIT UNION IS COMPRISED OF SINGLE CLASS APPROXIMATELY 1000 MEMBER OWNERS OF WHICH EQUAL RIGHT IN OWNERSHIP GOVERNANCE AND RIGHTS AT THE ANNUAL MEETING WITH THE EXCEPTION OF THE MEMBER OWNERS WHO ARE ELECTED TO THE BOARD OF DIRECTORS
Form 990, Part VI, Section A, Line 7a	THE MEMBER OWNERS OF THE CREDIT UNION HAVE AUTHORITY TO ELECT THE MEMBERS PF THE BOARD OF DIRECTORS FOR A THREE YEAR TERM IN A ROTATING BASIS CANDIDATES ARE ELECTED BY SIMPLE PLURALITY VOTE THE BOARD OF DIRECTORS APPOINT VOLUNTEERS TO SERVE ON THE SUPERVISORY COMMITTEE WHICH VESTED WITH MONITORING SAFETY AND SOUNDNESS OF THE ORGANIZATION IF DEEMED APPROPRIATE THE SUPERVISORY COMMITTEE SUSPEND BOARD MEMBERS AND CAN CALL SPECIAL MEETINGS OF MEMBERSHIP TO EVALUATE THE ISSUE AND VOTE TO EITHER DISMISS OR REINSTATE THE BOARD MEMBER
Form 990, Part VI, Section A, Line 7b	THE MEMBER OWNER OF THE CREIT UNION WOULD HAVE TO SAY IF THE CREDIT UNION WERE TO MERGE WITH ANOTHER
Form 990, Part VI, Section B, Line 11b	THE CEO RECEIVE A COPY THEN PRESENTS IT TO THE BOARD
Form 990, Part VI, Section B, Line 12c	BOARD MEMBERS AND OFFICERS ANNUALLY COMPLETE A SURVEY RELATED TO LOAN BUSINESS RELATIONS AND FAMILY MEMBERS THAT COULD OR DO CREATE CONFLICT OF INTEREST THESE ARE SUMMARIZED AND MAINTAINED IN A DOCUMENT PRESENT AT EACH BOARD MEETING CONFLICT OF INTEREST ARE DETERMINED BY REVIEW OF THE POTENTIAL CONFLICTS BY CEO AND BOARD OF DIRECTORS IF A CONFLICT EXISTS THE CONFLICTED BOARD MEMBER OR OFFICER IS EXCLUDED FROM DISCUSSION AND VOTES RELATED TO ANY POTENTIAL OR EXISTING RELATIONSHIP INVOLVING THE CONFLICT IF IT DETERMINED THAT A CONFLICT WOULD BE INVESTIGATED BY SUPERVISORY COMMITTEE AND THE BOARD MEMBER COULD BE SUSPENDED AND SUBJECT TO DISMISSAL AT A SPECIAL MEETING OD ALL THE MEMBER OWNERS ADDITIONALLY THE REMAINING BOARD MEMBERS AND OFFICERS WILL REVIEW FOR FAIRNESS OF ALL PAST TRANSACTION APPEARS TO LACK ARM LENGTH EITHER DETRIMENT THE CREDIT UNION OF THE UNFAIR ADVANTAGE OF THE BOARD MEMBER THE LEGAL REMEDIES WILL BE CONSIDERED
Form 990, Part VI, Section C, Line 19	THE CREDIT UNION BYLAWS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE IN THE OFFICE OF THE CREDIT UNION TO BE REVIEWED BY APPOINTMENT

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

Additional Data

Software ID:	20012124
Software Version:	v1.00

1	Briefly describe the organization’s mission or most significant activities: TO PROVIDE LENDING & SAVINGS & OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THEN AVAILABLE IN THE MARKET PLACE AND WITH SERVICE BASED EMPHASIS THE RECOGNIZED THE MEMBER
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	11
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	10
5	Total number of individuals employed in calendar year 2020 (Part V, line 2a) ......	5	4
6	Total number of volunteers (estimate if necessary) .............	6	11
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	214,405	201,417
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	52,461	54,152
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	0	0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	266,866	255,569
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	120,039	115,949
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	117,045	116,976
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	237,084	232,925
19	Revenue less expenses. Subtract line 18 from line 12.......	29,782	22,644
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	5,885,986	6,077,913
21	Total liabilities (Part X, line 26).............	4,864,989	5,034,272
22	Net assets or fund balances. Subtract line 21 from line 20.....	1,020,997	1,043,641

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 232,925 including grants of $ ) (Revenue $ )
	TO PROVIDE LENDING AND SAVINGS AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKET PLACE AND SERVICE BASED EMPHASIS THE RECOGNIZE THE MEMBER

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ 0 including grants of $ 0 ) (Revenue $ 0 )
4e	Total program service expenses232,925

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	55,245	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		0

		Business Code
2a	LOAN IN INC	522100	192,618	192,618	0	0
b	FEE INCOME	522100	2,330	2,330	0	0
c	OTHER INCOME	524298	6,469	6,469	0	0
d
e
f	All other program service revenue.		0	0	0	0
g	Total. Add lines 2a–2f .....		201,417

3 Investment income (including dividends, interest, and othersimilar amounts) ......			54,152	54,152	0	0
4 Income from investment of tax-exempt bond proceeds			0	0	0	0
5 Royalties...........			0	0	0	0
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)	0	0	6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory			7a
b	Less: cost or other basis and sales expenses			7b
c	Gain or (loss)	0	0	7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			0
12	Total revenue. See instructions.....			255,569	255,569	0	0

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	0	0
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	0	0
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............	0	0
4	Benefits paid to or for members .......	0	0
5	Compensation of current officers, directors, trustees, and key employees ...........	55,245	55,245	0	0
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........	0	0	0	0
7	Other salaries and wages........	51,414	51,414	0	0
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......	721	721	0	0
10	Payroll taxes ...........	8,569	8,569	0	0
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........	16,255	16,255	0	0
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)
12	Advertising and promotion ....	1,739	1,739	0	0
13	Office expenses .......	7,433	7,433	0	0
14	Information technology ......	17,624	17,624	0	0
15	Royalties ..
16	Occupancy ...........	19,036	19,036	0	0
17	Travel ............	60	60	0	0
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........	22,760	22,760	0	0
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	5,497	5,497	0	0
23	Insurance ...
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	LOAN SERVICING	23,305	23,305	0	0
b
c
d
e	All other expenses	3,267	3,267	0	0
25	Total functional expenses. Add lines 1 through 24e	232,925	232,925	0	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			270	1	270
2	Savings and temporary cash investments .........			235,356	2	806,977
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............				4
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				0	5	0
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........			3,126,240	7	3,107,736
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......			8,897	9	4,714
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	242,598
b	Less: accumulated depreciation	10b	189,003	57,813	10c	53,595
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..			2,342,000	13	2,095,328
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			115,410	15	9,293
16	Total assets. Add lines 1 through 15 (must equal line 33)...			5,885,986	16	6,077,913

17	Accounts payable and accrued expenses .....	5,605	17	8,932
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	4,859,384	25	5,025,340
26	Total liabilities. Add lines 17 through 25..	4,864,989	26	5,034,272

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....	0	29	0
30	Paid-in or capital surplus, or land, building or equipment fund ...	0	30	0
31	Retained earnings, endowment, accumulated income, or other funds	1,020,997	31	1,043,641
32	Total net assets or fund balances ...........	1,020,997	32	1,043,641
33	Total liabilities and net assets/fund balances ........	5,885,986	33	6,077,913

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

1a	Land .....	22,000	0		22,000
b	Buildings ....	0	105,432	92,260	13,172
c	Leasehold improvements	0	0	0	0
d	Equipment ....	0	88,936	88,936	0
e	Other .....	0	26,230	7,807	18,423
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..					53,595

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........	0
(2) Closely-held equity interests........	0
(3)Other
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	0