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Overview / Commentary
225-342-5055
700 Main St
Baton Rouge, LA 70802-5501

La Capitol Federal Credit Union is headquartered in Baton Rouge and is the 4th largest credit union in the state of Louisiana. It is also the 496th largest credit union in the nation. It was established in 1961 and as of March of 2014, it had grown to 189 employees and 52,855 members. La Capitol Federal Credit Union's savings rates are 8X the national average, and it has a A health rating.

Field of Membership Restrictions

Membership is open to anyone who lives, works, worships or attends school in the City of Baton Rouge or in the Parishes of Allen, Grant, Lincoln, Natchitoches, Ouachita, Rapides, Terrebonne or Tangipahoa. Members of the Louisiana Association for Personal Financial Achievement (ACHIEVE); and, anyone employed by one of the select employee groups (SEGs), or, by an agency of the State of Louisiana which does not have its own individual credit union, are eligible to join. Membership is also available to students of University of Louisiana at Monroe (ULM), Louisiana Tech University, Northwestern State University (NSU), Southeastern Louisiana University (SLU), Delgado Community College, Nunez Community College, or Baton Rouge Community College (BRCC). Additionally, relatives of La Cap members also qualify La Cap membership. A qualifying relative is a spouse, child, parent, brother, sister, stepchild, stepparent, grandchild, or grandparent of a La Cap member. - See Details

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Reviews (2)

Membership

Just posting to advise that anyone can join credit union by joining Louisiana Association for Personal Financial Achievement (ACHIEVE) for $5/year.  Web site for ACHIEVE is: www.lapfa.org.

It is unclear to me at the moment if you have to be a LA resident to join ACHIEVE.  I will post again if I can figure this out.

Very Disappointed Former Customer

Being a previous loan customer apparently means nothing to LA Capitol. Tried to finance another loan through them and instead of being willing to do a little extra work to help us they just tell you no because they can't verify information. Well, if you don't try then you definitely can't. Terrible attitude from rep working with us and an unwillingness to do a small amount of work to earn business and help a potential customer. Apparently LA Capitol has all the business they need if they treat people like this! If you are looking for an auto loan and want someone who will "work" for you don't bother going to LA Capitol.



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 La Capitol Federal Credit Union had $1.1 million in non-current loans and owned real-estate with $57.44 million in equity and loan loss allowances on hand to cover it. This gives La Capitol Federal Credit Union a Texas Ratio of 1.92% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for La Capitol Federal Credit Union experienced no significant changes from 1.62% as of March 31, 2013 to 1.92% as of March 31, 2014, resulting in a negative change of 18.52%. This indicates that the balance sheet and financial strength for La Capitol Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, La Capitol Federal Credit Union has decreased its total deposits by -$1.68 million, resulting in -0.43% 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 La Capitol Federal Credit Union has shown is average.

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. La Capitol Federal Credit Union has $450.81 million in assets with $57.44 million in equity, resulting in a capitalization level of 12.74%, which is excellent.

Institution Statistics

Overall
NCUA #14568
Year Chartered1961
Employees189
Primary Regulator
Assets and Liabilities
Assets$450.81 million
Loans$241.63 million
Deposits$392.79 million
Equity Capital$55.83 million
Loan Loss Allowance$1.61 million
Unbacked Noncurrent Loans$1.02 million
Real Estate Owned$82,000
Historic Data - March 2013
Assets$449.97 million
Equity Capital$53.19 million
Loan Loss Allowance$1.60 million
Unbacked Noncurrent Loans$1.02 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.31%
Return on Assets0.52%
Return on Equity4.18%
Interest Income$3.88 million
Rates
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La Capitol Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
4.00%-$5kIRA Plus Account with La Cap Checking
4.00%-$5kRoth IRA Plus Account with La Cap Checking
0.30%-$5kIRA Plus Account
0.30%--IRA Floating Rate Account
0.30%-$5kRoth IRA Plus Account
0.30%--Roth IRA Floating Rate Account
0.30%--CESA Floating Rate Account
0.30%--CESA Floating Rate Account with La Cap Checking
0.30%--IRA Floating Rate Account with La Cap Checking
0.30%--Roth IRA Floating Rate Account with La Cap Checking
0.25%$5k-Elite Saver Savings
0.15%$100-Regular Savings
0.15%$100-Special Savings
0.15%$100-Christmas Club Savings

La Capitol Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
4.25%-$5kAll Access Advantage Checking - Qualifying
0.15%--All Access Advantage Checking - Non Qualifying
0.15%$2,500-Liquid Assets Checking

La Capitol Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.65%$500-5 Year Thrifty Saver Share Certificate with La Cap Checking
1.45%$500-4 Year Thrifty Saver Share Certificate with La Cap Checking
1.15%$500-5 Year Thrifty Saver Share Certificate
1.05%$500-3 Year Thrifty Saver Share Certificate with La Cap Checking
0.95%$500-4 Year Thrifty Saver Share Certificate
0.80%$1k-2 Year Thrifty Saver Share Certificate with La Cap Checking
0.70%$1,500-1 Year Thrifty Saver Share Certificate with La Cap Checking
0.55%$500-3 Year Thrifty Saver Share Certificate
0.30%$1k-2 Year Thrifty Saver Share Certificate
0.20%$5k-91 Day Share Certificate
0.20%$2,500-6 Month Share Certificate
0.20%$1,500-1 Year Thrifty Saver Share Certificate

La Capitol Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.80%$5k-2 Year IRA Certificate Account with La Cap Checking
0.30%$5k-2 Year IRA Certificate Account
Locations

La Capitol Federal Credit Union has 17 locations. Click to view all La Capitol Federal Credit Union locations.