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CREDIT UNION SOUTH

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Tax-exempt status may be revoked

CREDIT UNION SOUTH

EIN 64-0305824

What they do

Provide Low Cost Loans to Its Members for Consumer Purchases and Provide A Variety of Federally Insured Savings Instruments to Promote Financial Security.

Before you give

Should I give to this charity?

Easy charity check
Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2018The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders10 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

114.90%of revenue went to mission work100.0% of expenses · Program services
$114.90spent for every $100 of revenueSpending was higher than revenue this year.
$12.53in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $78,718 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $67,654 for KAREN LIZANA (PRESIDENTCEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2018

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$528,157
Mission workProgram services$606,875114.90% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$606,875114.90% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Each bar shows the share of annual spending reported for mission work, management, and fundraising.

2018100.0% mission
2017100.0% mission
2016100.0% mission

Money in and money out

Revenue$528,157
Expenses$606,875
Annual shortfall $78,718 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$606,875 · 100.0% of expenses
See all reported dollar amounts
Revenue$528,157
Expenses$606,875
Assets$7,604,983
Mission work (program services)$606,875
People

Leadership and board

Tax year 2018

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
KAREN LIZANAPRESIDENTCEO · 40 hrs/week $67,654

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (10)

KAREN LIZANAPRESIDENTCEO

DAVID BOGGSBOD CHAIRPERSON

ETHEL J ASHLEYBOD TREASURER

GRACE SADLERBOD MEMBER

HUBERT MAY JRBOD MEMBER

JUDY LANDRYBOD MEMBER

KATHLEEN CALDWELLBOD VICE CHAIRPERSON

LIBBY SCARBROUGHSECRETARY

REGINA BODDYSC MEMBER

VERA ALSTONSC CHAIRMAN

About this charity

Location
400 Veterans Ave Bldg 18, Biloxi, MS 39531
County
Harrison
In care of
Karen Lizana
Primary officer
Karen Lizana, CEO

How to reach them

Filing and classification

Latest tax year
2018
Tax period began
January 1, 2018
Return type
990
Tax preparer
GRIFFIN AND COMPANY LLC
Revocation date
May 15, 2022

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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