CenLA Federal Credit Union is headquartered in Alexandria and is the 23rd largest credit union in the state of Louisiana. It is also the 1,526th largest credit union in the nation. It was established in 1963 and as of September of 2019, it had grown to 22 employees and 10,953 members at 3 locations. CenLA Federal Credit Union's CD rates are 68% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Must live, work, worship or attend school in Catahoula, Grant, LaSalle, Rapides or Winn Parish or be an employee of Vernon School or several other companies.
See current membership details
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.
Data as of Q3 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 15602 |
| Year Chartered | 1963 |
| Employees | 22 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.1% |
| Return on Equity - YTD | 8.45% |
| Annual Interest Income | $3.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $113.8MM$114.6MM |
| Loans | Q3 2019vs Q3 2018 | $55.2MM$58.1MM |
| Deposits | Q3 2019vs Q3 2018 | $98.6MM$99.9MM |
| Equity Capital | Q3 2019vs Q3 2018 | $14.9MM$14.0MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $808.00K$859.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $519.00K$600.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |