CenLA Federal Credit Union is headquartered in Alexandria and is the 27th largest credit union in the state of Louisiana. It is also the 1,552nd largest credit union in the nation. It was established in 1963 and as of March of 2021, it had grown to 20 employees and 10,554 members at 3 locations. CenLA Federal Credit Union has an A+ health rating.
Field of Membership Restrictions
Membership in CenLA Federal Credit Union is open to those who live, work, worship, or attend school in the Louisiana parishes of Catahoula, Grant, LaSalle, Rapides, or Winn. Employees/members of Vernon School, Louisiana Special Education Center (Alexandria), Louisiana District 7 Retired Teachers Association, or Union Tank Car also qualify for membership.
See current membership details
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Better Than The Big Banks
I opened an account at Cenla FCU because I was deeply dissatisfied with the customer service at Capital One and Chase. I had a checking account at Capital One (formerly Hibernia). When I deposited a check that was more than my usual paycheck (though not a huge sum), they held the check *AND* froze the rest of the funds in my accoung for two weeks for no explainable reason. I called customer service and also spoke with the local branch to try to resolve the issue as I needed the funds for a car purchase. I was given different reasons for the hold on my account by each person I spoke with, and none of the reasons made sense. I no longer think of banks as a safe place for my money. I closed the account and opened at Cenla FCU and have not had similar problems. If I do, I will go somewhere else.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 15602 |
| Year Chartered | 1963 |
| Employees | 20 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.28% |
| Return on Equity - YTD | 2.31% |
| Annual Interest Income | $711.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $133.7MM$114.6MM |
| Loans | Q1 2021vs Q1 2020 | $45.7MM$52.0MM |
| Deposits | Q1 2021vs Q1 2020 | $117.8MM$99.2MM |
| Equity Capital | Q1 2021vs Q1 2020 | $15.6MM$15.1MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $542.00K$718.00K |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $76.00K$485.00K |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |