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 3,559th largest credit union in the nation. It was established in 1979 and as of December of 2013, it had grown to 9 employees and 4,459 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
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.
Data for Q4 2013
Institution Health
Texas Ratio
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 Tulane/Loyola Credit Union had $167,000 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 8.04% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Tulane/Loyola Credit Union decreased dramatically from 13.62% as of December 31, 2012 to 8.04% as of December 31, 2013, resulting in a positive change of 40.96%.This indicates that the balance sheet and financial strength for Tulane/Loyola Credit Union has improved dramatically in recent periods.
Deposit Growth
In the past year, Tulane/Loyola Credit Union has decreased its total deposits by $-970,000, 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 Tulane/Loyola Credit Union has shown is below average.
Capitalization
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 $19.39 million in assets with $1.65 million in equity, resulting in a capitalization level of 8.52%, which is average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 23540 |
| Year Chartered | 1979 |
| Employees | 9 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $19.39 million |
| Loans | $8.31 million |
| Deposits | $17.33 million |
| Equity Capital | $1.60 million |
| Secondary Capital | $424,000 |
| Loan Loss Allowance | $57,000 |
| Unbacked Noncurrent Loans | $167,000 |
| Real Estate Owned | $0 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $20.30 million |
| Equity Capital | $1.53 million |
| Loan Loss Allowance | $82,000 |
| Unbacked Noncurrent Loans | $167,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 8.11% |
| Return on Assets | 0.4% |
| Return on Equity | 4.82% |
| Interest Income | $710,000 |
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Tulane/Loyola Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.10% | $501 | $100k | Regular Share Account | |
| 0.10% | $501 | $100k | Club Account |
Tulane/Loyola Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.00% | - | - | Checking Account |
| Tulane/Loyola Credit Union Locations | ||
|---|---|---|
| Branch Office | 1440 Canal St Ste 101 | New Orleans, LA 70112-2795 |
| Branch Office | 6363 Saint Charles Ave | New Orleans, LA 70118 |
| Branch Office | 8200 Hampson St | New Orleans, LA 70118 |