Heritage Credit Union, Conoco Employees Credit Union in Lafayette, Louisiana (LA)

Heritage Credit Union, Conoco Employees Credit Union
Employer Identification Number (EIN)	720381385
Name of Organization	Heritage Credit Union
Secondary Name	Conoco Employees Credit Union
Address	114 Representative Row, Lafayette, LA 70508-3878
Activities	Loans or credit reporting, Other services or benefits to members or employees
Subsection	Credit Union
Ruling Date	08/1969
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Association
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$10,000,000 to $49,999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$15,288,903
Amount of Income	$1,005,314
Form 990 Revenue Amount	$767,236

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

	2012	2013
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	No	No
Is the organization required to complete Schedule B, Schedule of Contributors?	No	No
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	No	No
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	Yes	Yes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	No	No
Did the organization report an amount for other liabilities?	Yes	Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	No	No
Did the organization obtain separate, independent audited financial statements for the tax year?	No	No
Was the organization included in consolidated, independent audited financial statements for the tax year?	No	No
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	No	No
Did the organization report more than $15,000 of gross income from gaming activities?	No	No
Did the organization operate one or more hospital facilities?	No	No
Did the organization attach a copy of its audited financial statements?	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	No	No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	No	No
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No
Did the organization receive more than $25,000 in non-cash contributions?	No	No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No
Was the organization related to any tax-exempt or taxable entity?	No	No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	No	No
Did the organization make any transfers to an exempt non-charitable related organization?	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No

	2011	2012	2013
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		383	377
The number of Forms W-2G		0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		7	5
Did the organization file all required federal employment tax returns?		Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	Yes	Yes	Yes
Has it filed a Form 990-T for this year?		Yes	Yes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No
Did the organization file Form 8886-T?		No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		No	No
Did the organization notify the donor of the value of the goods or services provided?		No	No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0
Gross income from other sources	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0
The amount of reserves on hand		$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No
Has it filed a Form 720 to report these payments?		No	No

	2012	2013
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$40,000	$66,000
Total reportable compensation from related organizations	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$0	$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization	0	0
Total number of independent contractors who received more than $100,000 of compensation from the organization	0	0

	2011	2012	2013
Statement of Revenue
Total revenue	$561,944	$546,458	$767,236
Contributions, Gifts, Grants and Other Similar Amounts	$0	$0	$0
Program Service Revenue	$386,551	$393,816	$401,677
Credit Unions		$393,816	$401,677
All other program service revenue		$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$118,643	$89,288	$79,730
Income from investment of tax-exempt bond proceeds	$0	$0	$0
Royalties	$0	$0	$0
Net rental income	$0	$0	$0
Net gain/loss from sales of assets other than inventory	$0	$0	$217,240
Gross amount from sales of assets other than inventory (Securities / Other)	$0 / $0	$0 / $0	$0 / $455,318
Less: cost or other basis and sales expenses (Securities / Other)	$0 / $0	$0 / $0	$0 / $238,078
Gain or (loss) (Securities / Other)	$0 / $0	$0 / $0	$0 / $217,240
Net income/loss from fundraising events	$0	$0	$0
Net income/loss from gaming activities	$0	$0	$0
Net income/loss from sales of inventory	$0	$0	$0
Miscellaneous Revenue	$56,750	$63,354	$68,589
Credit Unions		$29,010	$28,469
Credit Unions		$34,344	$40,120
All other revenue		$0	$0

	2011	2012	2013
Statement of Functional Expenses
Total functional expenses	$642,874	$626,415	$595,574
Grants and other assistance to domestic organizations and domestic governments		$0	$0
Grants and other assistance to domestic individuals		$0	$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0	$0
Benefits paid to or for members		$0	$0
Compensation of current officers, directors, trustees, and key employees	$74,700	$40,000	$66,000
Compensation not included above, to disqualified persons		$0	$0
Other salaries and wages	$151,275	$188,827	$147,211
Pension plan accruals and contributions		$5,986	$3,516
Other employee benefits		$10,795	$19,719
Payroll taxes	$17,799	$17,925	$16,808
Fees for services (non-employees)
Management		$0	$0
Legal		$852	$1,290
Accounting		$0	$0
Lobbying		$0	$0
Professional fundraising services	$0	$0	$0
Investment management fees		$0	$0
Other		$0	$0
Advertising and promotion		$15,268	$17,407
Office expenses		$110,907	$106,562
Information technology		$40,815	$47,967
Royalties		$0	$0
Occupancy		$62,959	$57,497
Travel		$0	$0
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0
Conferences, conventions, and meetings		$5,745	$5,969
Interest		$40,236	$39,923
Payments to affiliates		$0	$0
Depreciation, depletion, and amortization		$0	$0
Insurance		$18,760	$18,783
Other expenses		$18,845	$19,911
Other expenses		$16,143	$11,591
Other expenses		$16,595	$15,420

	2011	2012	2013
Balance Sheet
Total assets	$13,768,304	$13,983,970	$15,288,903
Cash - non-interest-bearing		$23,342	$25,495
Savings and temporary cash investments		$690,225	$1,254,788
Pledges and grants receivable, net		$0	$0
Accounts receivable, net		$0	$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0
Notes and loans receivable, net		$6,686,711	$7,300,359
Inventories for sale or use		$0	$0
Prepaid expenses and deferred charges		$55,515	$50,011
Land, buildings, and equipment: cost or other basis		$1,014,443	$741,457
Investments - publicly traded securities		$0	$0
Investments - other securities		$5,357,929	$5,759,929
Investments - program-related		$0	$0
Intangible assets		$0	$0
Other assets		$155,805	$156,864
Total liabilities	$11,791,832	$12,087,455	$13,220,722
Accounts payable and accrued expenses		$13,450	$16,614
Grants payable		$0	$0
Deferred revenue		$0	$0
Tax-exempt bond liabilities	$0	$0	$0
Escrow or custodial account liability		$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$12,074,005	$13,204,108
Total net assets or fund balances	$1,976,472	$1,896,515	$2,068,181
Unrestricted net assets		$0	$0
Temporarily restricted net assets		$0	$0
Permanently restricted net assets		$0	$0
Capital stock or trust principal, or current funds		$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0
Retained earnings, endowment, accumulated income, or other funds	$1,976,472	$1,896,515	$2,068,181

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	Not provided
Number of organizations supported	0
Sum of amounts of support	$0

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11	Heritage Credit Union, Conoco Employees Credit Union	114 Representative Row, Lafayette, LA 70508-3878	LA	1969-08	$1,005,314
12	Heritage Ranch	20090 Tucker Rd, Zachary, LA 70791-7537	LA	2004-04	$439,145
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Affiliation	Name	Address	State	Established	Total Income
20 biggest affiliated organizations
Central	Office Of The Financial Institution Of The State Of Louisiana	PO BOX 94095, Baton Rouge, LA 70804-9095	LA	1969-08	$0
Subordinate	State Chartered Credit Unions In Louisiana, Pelican State C U Of Baton Rouge La	3232 Sherwood Forest Blvd 2 Fl, Baton Rouge, LA 70816	LA	1969-08	$24,011,581
Subordinate	State Chartered Credit Unions In Louisiana, Jefferson Financial Credit Union	7701 Airline Dr, Metairie, LA 70003-6228	LA	1969-08	$22,692,227
Subordinate	State Chartered Credit Unions In Louisiana, Southwest Louisiana	4056 Ryan St, Lake Charles, LA 70605-2820	LA	1969-08	$6,648,249
Subordinate	State Chartered Credit Unions In Louisiana, Dept Of Corrections Credit Union	504 Mayflower St Bldg 5, Baton Rouge, LA 70802-6419	LA	1969-08	$6,156,026
Subordinate	State Chartered Credit Unions In Louisiana, Ascension Credit Union	2430 S Burnside Ave, Gonzales, LA 70737-4645	LA	1969-08	$2,866,290
Subordinate	Nas Jrb Credit Union	400 Russell Ave Bldg 509, New Orleans, LA 70143-5999	LA	1969-08	$2,337,126
Subordinate	Louisiana Corp Credit Union, Louisiana Corporate Credit Union	3500 N Causeway Blvd Ste 1510, Metairie, LA 70002-3526	LA	1969-08	$2,310,134
Subordinate	State Chartered Credit Unions In Louisiana, Post Office Emplys C U Of N O	4624 W Napoleon Ave, Metairie, LA 70001-2492	LA	1969-08	$1,748,565
Subordinate	State Chartered Credit Unions In Louisiana, New Orleans Police Dept Emplys C U	715 S Broad St Room 408, New Orleans, LA 70119-7416	LA	1969-08	$1,409,381
Subordinate	State Chartered Credit Unions In Louisiana, Professional Firefighters C U	9410 Healthplex Dr, Shreveport, LA 71106-8146	LA	1969-08	$1,406,519
Subordinate	State Chartered Credit Unions In Louisiana, Federal Employees Credit Union	PO BOX 5006, Monroe, LA 71211-5006	LA	1969-08	$1,010,574
Subordinate	Heritage Credit Union, Conoco Employees Credit Union	114 Representative Row, Lafayette, LA 70508-3878	LA	1969-08	$1,005,314
Subordinate	Postal Credit Union	PO BOX 167, Baton Rouge, LA 70821-0167	LA	1969-08	$982,028
Subordinate	State Chartered Credit Unions In Louisiana, Alexandria Municipal Emplys C U	1032 Wisteria St, Alexandria, LA 71301-6859	LA	1969-08	$948,030
Subordinate	Calcasieu Teachers & Employees Credit Union	PO BOX 16134, Lake Charles, LA 70616-6134	LA	1969-08	$808,484
Subordinate	Louisiana Central Credit Union	824 Elmwood Park Blvd Ste 100, Harahan, LA 70123-3332	LA	1969-08	$804,080
Subordinate	State Chartered Credit Unions In Louisiana, Terminal Credit Union	1215 Clearview Pkwy, Metairie, LA 70001-3419	LA	1969-08	$746,014
Subordinate	State Chartered Credit Unions In Louisiana, Tangipahoa Parish Teachers C U	PO BOX 427, Amite, LA 70422-0427	LA	1969-08	$697,890
Subordinate	Peoples Credit Union, St Joseph Parish Credit Union	PO BOX 290, Rayne, LA 70578-0290	LA	1969-08	$644,011

Number of affiliated organizations

Louisiana

Total

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