Work-in-progress version of SherPa. Work-in-progress version of SherPa.
Louisiana
Last updated on 2011-11-01
General
not credit union specific
- Officer Loan Status
- Not addressed
- Officer Loan Comment
- May fix compensation of officers, and may create incentive or benefit plans for all employees
- Officer Loan Statute
- La R.S. § 12:207(B)(7), (9)
Credit Union Information
- Split Dollar Process
- Allowed
- Split Dollar Comment
- Legal lending limit of 10% of CU’s unimpaired capital and surplus applies; could look at joint ownership as an alternative. Board approval required.
- Parity Process
- Ask
- Parity Comment
- Friendly
- Parity Statute
- —
- Alternative To Parity Request
- General federal powers
- CDA Status
- Not clear
- CDA Comment
- La. R.S. 6:667.1B and La. R.S. 6:644.A seem to permit it (dealing with parity)
- Director Compensation Status
- No comp, insurance ok
- Director Compensation Statute
- La. R.S. § 6:649(C)
- Credit Union Regulator
State Chartered Credit Unions
28 credit unions chartered in Louisiana
| Name | Charter Number | CEO | Total Assets | Net Worth | CA SD | Concentration |
|---|---|---|---|---|---|---|
| GRAPHIC ARTS | 60261 | Freddie Washington | $1,373,175 | $466,191 | $0 | 0% |
| TANGIPAHOA PARISH TEACHERS | 60475 | Dixie Perez | $32,419,116 | $10,821,024 | $0 | 0% |
| NAS JRB | 60842 | Helen Delin | $52,599,400 | $7,670,467 | $0 | 0% |
| VERMILION SCHOOL EMPLOYEES | 61540 | Chasity Landry | $15,535,992 | $1,935,651 | $0 | 0% |
| LOUISIANA CENTRAL | 61724 | John Tramell | $13,853,556 | $940,600 | $0 | 0% |
| OLD SPANISH TRAIL | 61963 | Betty Hudson | $7,552,753 | $1,584,593 | $0 | 0% |
| ASCENSION | 62018 | Lloyd Cockerham | $91,389,098 | $10,132,301 | $0 | 0% |
| POSTAL | 62148 | Tynita Howard | $26,114,932 | $4,677,652 | $0 | 0% |
| COAST GUARD EMPLOYEES | 62258 | James Pulse | $4,452,875 | $905,086 | $0 | 0% |
| PROFESSIONAL FIRE FIGHTERS | 62337 | Bobby Cannon | $61,259,643 | $9,916,431 | $0 | 0% |
| ALEXANDRIA MUNICIPAL EMPLOYEES | 62438 | Janet McDaniel | $29,866,941 | $3,781,950 | $0 | 0% |
| CABOT EMPLOYEES | 62441 | Patricia Ashley | $1,504,525 | $382,124 | $0 | 0% |
| PEOPLE'S | 62564 | Tina Simon | $27,268,423 | $4,734,221 | $0 | 0% |
| PELICAN STATE | 62710 | Jeffrey Conrad | $618,878,119 | $65,207,744 | $2,892,702 | 4.44% |
| TERMINAL | 62754 | Carol Irby | $17,425,843 | $3,893,956 | $0 | 0% |
| SOUTHWEST LOUISIANA | 62756 | Chad Miller | $154,823,049 | $20,126,609 | $0 | 0% |
| DEPARTMENT OF CORRECTIONS | 62808 | Ellen Dunn | $104,992,800 | $20,007,773 | $0 | 0% |
| CABOT EMPLOYEES | 62896 | Peggy Tate | $618,061 | $58,790 | $0 | 0% |
| TEXACO OF HOUMA | 62927 | Tina Dugas | $3,467,347 | $803,834 | $0 | 0% |
| FEDERAL EMPLOYEES | 62929 | SHARON HESTER | $23,307,600 | $6,563,602 | $0 | 0% |
| N.O. PORT COMMISSION EMPLOYEES | 62936 | Barry Henry | $4,083,160 | $583,222 | $0 | 0% |
| NEW ORLEANS POLICE DEPARTMENT EMP. | 63008 | TERRENCE DUFFY, SR | $20,538,678 | $8,772,267 | $0 | 0% |
| POST OFFICE EMPLOYEES' | 63069 | Michelle Duhe | $54,740,698 | $5,101,407 | $0 | 0% |
| CALCASIEU TEACHERS AND EMPLOYEES | 63142 | Jesse Busby | $49,819,781 | $5,799,685 | $0 | 0% |
| IMMACULATE HEART OF MARY | 63143 | Carol Gaines | $718,382 | $206,301 | $0 | 0% |
| C-F LA. | 63851 | DANA MITCHELL | $10,403,460 | $1,235,373 | $0 | 0% |
| COGIC | 65780 | Paula Duncan | $467,011 | $34,387 | $0 | 0% |
| ORLEANS PARISH SHERIFF'S | 66259 | Dishawn Richard | $5,197,934 | $1,865,715 | $0 | 0% |