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Overview / Commentary
800-264-4562
P.O. Box 4030
Pineville, LA 71360

Heart Of Louisiana Credit Union is headquartered in Pineville and is the 28th largest credit union in the state of Louisiana. It is also the 1,598th largest credit union in the nation. It was established in 1955 and as of December of 2013, it had grown to 39 employees and 16,558 members. Heart Of Louisiana Credit Union's savings rates are 6X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to individuals who live, work, worship, or attend school in the following parishes: Rapides, Winn, Allen, Natchitoches, Evangeline, Concordia, Catahoula, LaSalle, Avoyelles, and Grant, as well as businesses and other legal entities located in this area. - See Details

Reviews (1)

Disappointed

After comming in and closing my checking account and handing in my debit cards years ago, this account was re-opend without my notification or authorization to allow a draft to come through and to create an nsf fee on top of it.

My wife received a call that we are about to be turned over to collections, buy which this is the first notification that we have even heard about this.

I am taken back by this kind of business practice.

It is my prayer that the credit union will do the righteous practice and close this out permanently.

Sincerely,

Rev Tucker



Health

Data for Q4 2013

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Heart Of Louisiana Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Heart Of Louisiana Credit Union had $1.88 million in non-current loans and owned real-estate with $13.08 million in equity and loan loss allowances on hand to cover it. This gives Heart Of Louisiana Credit Union a Texas Ratio of 14.37% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Heart Of Louisiana Credit Union experienced no significant changes from 12.38% as of December 31, 2012 to 14.37% as of December 31, 2013, resulting in a negative change of 16.10%. This indicates that the balance sheet and financial strength for Heart Of Louisiana Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Heart Of Louisiana Credit Union has increased its total deposits by $3.89 million, resulting in 5.3% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Heart Of Louisiana Credit Union has shown is excellent.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Heart Of Louisiana Credit Union has $89.51 million in assets with $13.08 million in equity, resulting in a capitalization level of 14.62%, which is excellent.

Institution Statistics

Overall
NCUA #10164
Year Chartered1955
Employees39
Primary Regulator
Assets and Liabilities
Assets$89.51 million
Loans$56.72 million
Deposits$77.36 million
Equity Capital$11.90 million
Loan Loss Allowance$1.19 million
Unbacked Noncurrent Loans$1.57 million
Real Estate Owned$307,000
Historic Data - December 2012
Assets$84.73 million
Equity Capital$10.90 million
Loan Loss Allowance$1.37 million
Unbacked Noncurrent Loans$1.57 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.8%
Return on Assets1.11%
Return on Equity8.39%
Interest Income$3.81 million
Rates
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Heart Of Louisiana Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
3.00%--Christmas Club Shares
0.55%--IRA Shares
0.40%$2,500-Payable on Death Shares
0.10%--Regular Shares
0.10%--Sub Shares

Heart Of Louisiana Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$2,500-Money Market (Safe) Shares

Heart Of Louisiana Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-5 Year Money Market CD
0.70%$1k-4 Year Money Market CD
0.55%$1k-3 Year Money Market CD
0.40%$1k-2 Year Money Market CD
0.30%$1k-1 Year Money Market CD
0.25%$1k-6 Month Money Market CD
0.20%$1k-3 Month Money Market CD

Heart Of Louisiana Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.15%$1k-5 Year IRA
0.70%$1k-3 Year IRA
0.54%$1k-2 Year IRA
0.40%$1k-1 Year IRA
Locations


Heart Of Louisiana Credit Union Locations
Branch Office303 Edgewood DrPineville, LA 71360-5444
Branch Office4407 Coliseum BlvdAlexandria, LA 71303
Branch Office3616 Commerce StAlexandria, LA 71302