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Overview / Commentary
504-988-7420
1440 Canal St Ste 101
New Orleans, LA 70112

Tulane/Loyola Credit Union is headquartered in New Orleans and is the 75th largest credit union in the state of Louisiana. It is also the 3,532nd largest credit union in the nation. It was established in 1979 and as of March of 2014, it had grown to 9 employees and 4,399 members. Tulane/Loyola Credit Union has a C+ health rating.

Field of Membership Restrictions

Must be an employee of Tulane University (including the Hospital and the Medical Center) or Loyola University or be a student of Tulane or Loyola University. - See Details

Reviews (1)

Tulane-Loyola

If you ever have an unauthorized transaction on your account they will make you run in circles and do nothing to help... Worst credit union in Louisiana, I would give them a rating of a zero, but you can not.



Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Tulane/Loyola Credit Union has a low asset base.

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 Tulane/Loyola Credit Union had $139,000 in non-current loans and owned real-estate with $2.08 million in equity and loan loss allowances on hand to cover it. This gives Tulane/Loyola Credit Union a Texas Ratio of 6.67% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Tulane/Loyola Credit Union decreased dramatically from 13.45% as of March 31, 2013 to 6.67% as of March 31, 2014, resulting in a positive change of 50.42%.This indicates that the balance sheet and financial strength for Tulane/Loyola Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
D

In the past year, Tulane/Loyola Credit Union has decreased its total deposits by -$1.16 million, resulting in -6.09% 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 Tulane/Loyola Credit Union has shown is below average.

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. Tulane/Loyola Credit Union has $20.15 million in assets with $1.66 million in equity, resulting in a capitalization level of 8.24%, which is average.

Institution Statistics

Overall
NCUA #23540
Year Chartered1979
Employees9
Primary Regulator
Assets and Liabilities
Assets$20.15 million
Loans$7.98 million
Deposits$17.89 million
Equity Capital$1.60 million
Secondary Capital$424,000
Loan Loss Allowance$57,000
Unbacked Noncurrent Loans$139,000
Real Estate Owned$0
Historic Data - March 2013
Assets$21.11 million
Equity Capital$1.57 million
Loan Loss Allowance$78,000
Unbacked Noncurrent Loans$139,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.86%
Return on Assets0.16%
Return on Equity2%
Interest Income$156,000
Rates
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Tulane/Loyola Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$501$100kRegular Share Account
0.10%$501$100kClub Account
Locations


Tulane/Loyola Credit Union Locations
Branch Office1440 Canal St Ste 101New Orleans, LA 70112-2795
Branch Office6363 Saint Charles AveNew Orleans, LA 70118
Branch Office8200 Hampson StNew Orleans, LA 70118