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Overview / Commentary
225-819-2178
P.O. Box 2831
Baton Rouge, LA 70821

Neighbors Federal Credit Union is headquartered in Baton Rouge and is the 2nd largest credit union in the state of Louisiana. It is also the 347th largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 216 employees and 71,337 members. Neighbors Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Neighbors Federal Credit Union proudly serves anyone who lives, works, worships, or attends school in these nine Louisiana parishes: East Baton Rouge, West Baton Rouge, Ascension, Livingston, Iberville, Pointe Coupee, East Feliciana, West Feliciana, and Saint Helena. Membership requires a minimum balance of $5 in the Member Savings account. - See Details

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

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 Neighbors Federal Credit Union had $5.26 million in non-current loans and owned real-estate with $57.14 million in equity and loan loss allowances on hand to cover it. This gives Neighbors Federal Credit Union a Texas Ratio of 9.20% 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 Neighbors Federal Credit Union experienced no significant changes from 7.62% as of December 31, 2012 to 9.20% as of December 31, 2013, resulting in a negative change of 20.80%. This indicates that the balance sheet and financial strength for Neighbors Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Neighbors Federal Credit Union has increased its total deposits by $20.3 million, resulting in 3.68% 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 Neighbors Federal Credit Union has shown is excellent.

Capitalization

GRADE:
C+

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. Neighbors Federal Credit Union has $632.87 million in assets with $57.14 million in equity, resulting in a capitalization level of 9.03%, which is average.

Institution Statistics

Overall
NCUA #9229
Year Chartered1954
Employees216
Primary Regulator
Assets and Liabilities
Assets$632.87 million
Loans$512.96 million
Deposits$571.50 million
Equity Capital$54.17 million
Loan Loss Allowance$2.97 million
Unbacked Noncurrent Loans$4.19 million
Real Estate Owned$1.07 million
Historic Data - December 2012
Assets$603.08 million
Equity Capital$49.39 million
Loan Loss Allowance$2.52 million
Unbacked Noncurrent Loans$4.19 million
Real Estate Owned$593,000
Profit Margin - Quarterly
Net Interest Margin3.59%
Return on Assets0.55%
Return on Equity6.46%
Interest Income$23.19 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Neighbors Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Neighbors Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.45%--IRA Savings
0.45%--Roth IRA Savings
0.45%--Education IRA Savings
0.20%$100-Share
0.20%--Youth Share
0.20%$100-Extra Savers
0.20%$100-Summer Savers Club
0.20%$100-Christmas Club

Neighbors Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$50k-Money Market

Neighbors Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.50%-$10kReward Checking
0.05%--Reward Checking

Neighbors Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.00%$100k-60 Month Transferred Jumbo Share Certificate Account
2.00%$100k-60 Month Compounded Jumbo Share Certificate Account
1.90%$1,500-60 Month Transferred Share Certificate Account
1.90%$1,500-60 Month Compounded Share Certificate Account
1.76%$100k-48 Month Compounded Jumbo Share Certificate Account
1.75%$100k-48 Month Transferred Jumbo Share Certificate Account
1.66%$1,500-48 Month Compounded Share Certificate Account
1.65%$1,500-48 Month Transferred Share Certificate Account
1.46%$100k-36 Month Compounded Jumbo Share Certificate Account
1.45%$100k-36 Month Transferred Jumbo Share Certificate Account
1.36%$1,500-36 Month Compounded Share Certificate Account
1.35%$1,500-36 Month Transferred Share Certificate Account
1.25%$100k-18 Month Compounded Jumbo Share Certificate Account
1.25%$1,500-18 Month Compounded Share Certificate Account
1.24%$100k-18 Month Transferred Jumbo Share Certificate Account
1.24%$1,500-18 Month Transferred Share Certificate Account
1.06%$100k-24 Month Compounded Jumbo Share Certificate Account
1.05%$100k-24 Month Transferred Jumbo Share Certificate Account
0.95%$1,500-24 Month Transferred Share Certificate Account
0.95%$1,500-24 Month Compounded Share Certificate Account
0.70%$100k-12 Month Transferred Jumbo Share Certificate Account
0.70%$100k-12 Month Compounded Jumbo Share Certificate Account
0.60%$1,500-12 Month Transferred Share Certificate Account
0.60%$1,500-12 Month Compounded Share Certificate Account
0.55%$100k-6 Month Transferred Jumbo Share Certificate Account
0.55%$100k-6 Month Compounded Jumbo Share Certificate Account
0.45%$1,500-6 Month Transferred Share Certificate Account
0.45%$1,500-6 Month Compounded Share Certificate Account

Neighbors Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.00%$100k-60 Month Jumbo IRA Certificate Account (Traditional,Roth,CESA)
1.90%$1,500-60 Month IRA Certificate Account (Traditional,Roth,CESA)
1.76%$100k-48 Month Jumbo IRA Certificate Account (Traditional,Roth,CESA)
1.66%$1,500-48 Month IRA Certificate Account (Traditional,Roth,CESA)
1.46%$100k-36 Month Jumbo IRA Certificate Account (Traditional,Roth,CESA)
1.36%$1,500-36 Month IRA Certificate Account (Traditional,Roth,CESA)
1.09%$100k-9 Month Jumbo IRA Certificate (Traditional,Roth,CESA)
1.06%$100k-24 Month Jumbo IRA Certificate Account (Traditional,Roth,CESA)
0.99%$1,500-9 Month IRA Certificate (Traditional,Roth,CESA)
0.95%$1,500-24 Month IRA Certificate Account (Traditional,Roth,CESA)
0.70%$100k-12 Month Jumbo IRA Certificate Account (Traditional,Roth,CESA)
0.60%$1,500-12 Month IRA Certificate Account (Traditional,Roth,CESA)
Locations

Neighbors Federal Credit Union has 15 locations. Click to view all Neighbors Federal Credit Union locations.