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639 Loyola Ave Ste 220
New Orleans, LA 70113-3130

RiverLand Credit Union is headquartered in New Orleans and is the 13st largest credit union in the state of Louisiana. It is also the 962nd largest credit union in the nation. It was established in 1978 and as of March of 2014, it had grown to 46 employees and 14,185 members. RiverLand Credit Union's savings rates are 3X the national average, and it has a B health rating.

Field of Membership Restrictions

There are Three Ways to Become a Member: Employment - RiverLand Credit Union was originally chartered as an occupational Credit Union. Membership eligibility may be based on your employment. Please see the complete list of Eligible Employer Groups listed below. Family - Family members of a current RiverLand member may join. Family members eligible for membership include spouses, children, parents, siblings, grandchildren, grandparents, great-grandchildren, great-grandparents, and step-relatives. Association - In our support of the Arts in New Orleans, RiverLand Credit Union membership is extended to all members of the New Orleans Arts Council. Lifetime Membership - Once you join RiverLand Credit Union and establish your membership, you may remain a member for as long as you like even if your membership eligibility should change. Eligible Employer Groups If you are employed by, or are a retiree of, any of the companies below, you are eligible for RiverLand Credit Union membership. If you are a family member of a RiverLand member, you're eligible too! - See Details

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Reviews (1)

Application Denied After Costly Membership Requirement

I applied for membership in the RiverLand Credit Union because it has the highest money market rates for IRAs and HSAs.  It is possible to become a member by contributing to the Arts Council of New Orleans.  I made a $10 contribution to the Arts Council and submitted my application to RiverLand.  I received a response from RiverLand that they would have to have proof of my membership in the Arts Council.  That turned out to cost $60.  I became a member because the additional interest income would have exceeded that amount.  Within days, I received a denial from RiverLand.  Couldn't they have let me know in the first letter that they were not intending to approve my application rather than putting me through this costly charade?


Data for Q1 2014

Institution Health


Texas Ratio


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 RiverLand Credit Union had $1.84 million in non-current loans and owned real-estate with $15.94 million in equity and loan loss allowances on hand to cover it. This gives RiverLand Credit Union a Texas Ratio of 11.56% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for RiverLand Credit Union experienced no significant changes from 11.19% as of March 31, 2013 to 11.56% as of March 31, 2014, resulting in a negative change of 3.27%. This indicates that the balance sheet and financial strength for RiverLand Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, RiverLand Credit Union has decreased its total deposits by -$1.24 million, resulting in -0.72% 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 RiverLand Credit Union has shown is average.



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. RiverLand Credit Union has $192.93 million in assets with $15.94 million in equity, resulting in a capitalization level of 8.26%, which is average.

Institution Statistics

NCUA #64534
Year Chartered1978
Primary Regulator
Assets and Liabilities
Assets$192.93 million
Loans$158.40 million
Deposits$170.29 million
Equity Capital$15.09 million
Loan Loss Allowance$846,000
Unbacked Noncurrent Loans$1.84 million
Real Estate Owned$0
Historic Data - March 2013
Assets$188.20 million
Equity Capital$14.23 million
Loan Loss Allowance$768,000
Unbacked Noncurrent Loans$1.84 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.06%
Return on Assets0.16%
Return on Equity2.09%
Interest Income$1.72 million
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RiverLand Credit Union Savings Account Rates

1.00%$1k-36 Month HSA Certificate
1.00%$1k-60 Month HSA Certificate
0.85%$1k-24 Month HSA Certificate
0.65%$1k-18 Month HSA Certificate
0.50%$1k-12 Month HSA Certificate
0.35%$1k-6 Month HSA Certificate
0.25%$10k-Share (Savings)
0.25%$105-Christmas Club
0.25%$1k-3 Month HSA Certificate

RiverLand Credit Union Money Market Rates

1.00%$100-Money Market IRA
1.00%$100-Money Market Roth IRA
1.00%$100-Money Market CESA
0.40%$1k-Money Market Investment
0.40%$25k-Super Money Market
0.15%--Money Market Checking

RiverLand Credit Union CD Rates

1.00%$1k-36 Month Certificate
1.00%$1k-60 Month Certificate
0.85%$1k-24 Month Certificate
0.65%$1k-18 Month Certificate
0.50%$1k-12 Month Certificate
0.35%$1k-6 Month Certificate
0.25%$1k-3 Month Certificate

RiverLand Credit Union IRA Rates

1.00%$1k-36 Month IRA Certificate
1.00%$1k-60 Month IRA Certificate
0.85%$1k-24 Month IRA Certificate
0.65%$1k-18 Month IRA Certificate
0.50%$1k-12 Month IRA Certificate
0.35%$1k-6 Month IRA Certificate
0.25%$1k-3 Month IRA Certificate

RiverLand Credit Union Locations
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