EFCU Financial is headquartered in Baton Rouge and is the 3rd largest credit union in the state of Louisiana. It is also the 466th largest credit union in the nation. It was established in 1934 and as of December of 2022, it had grown to 120 employees and 60,825 members at 8 locations. EFCU Financial's CD rates are 5X the national average, and it has an A health rating.
Membership in EFCU Financial is open to all U.S. citizens/resident aliens by joining the EFCU Financial Foundation or the Louisiana Wildlife Foundation. Individuals who live, work, worship, or attend school in the Louisiana Parishes of Ascension, East Baton Rouge, East Feliciana, Feliciana, Livingston, Point Coupee, St. Helena, West Baton Rouge, or West Iberville are also eligible to join. Membership is also open to immediate family of existing members.
See current membership details
Good FI to work with and they continue to provide great rates to their customers that live within their field of membership. Keep up the good work EFCU it is definately noticed!
EFCU tries to provide good customer service to its membership as well as high deposit rates.
Yet another land mine to explode in your face when seeking just to become a member. Find another place unless strong reasons exist to join here. The deposit rates might be one and I was tempted until asking about credit check against non-borrowing applicants. WHY are CU's so fortified against the remote possibility that a depositor might cause a problem someday? Applicants already face soft pulls.
The account application was asking many questions unrelated to a typical bank account application. I stopped halfway through the application because I did not feel comfortable giving out irrelevant personal information.
Overall | |
---|---|
NCUA # | 13 |
Year Chartered | 1934 |
Employees | 120 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.32% |
Return on Equity - YTD | 15.98% |
Annual Interest Income | $28.7MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2022vs Q4 2021 | $898.6MM$742.3MM |
Loans | Q4 2022vs Q4 2021 | $795.7MM$617.7MM |
Deposits | Q4 2022vs Q4 2021 | $796.2MM$649.5MM |
Equity Capital | Q4 2022vs Q4 2021 | $74.7MM$63.0MM |
Loan Loss Allowance | Q4 2022vs Q4 2021 | $963.00K$1.4MM |
Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $1.6MM$535.00K |
Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not EFCU Financial; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.25% | - | - | IRA Flex Account | ||
0.20%* | $10k* | - | HSA Checking Account | ||
OTHER TIERS: 0.10% → Up to $5k | 0.15% → $5k - $10k | |||||
0.10% | $5 | - | Share Savings Account | ||
0.10% | $5 | - | Business Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.25%* | $50k* | - | Platinum Money Market Savings | ||
OTHER TIERS: 0.10% → $2.5k - $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
3.01%* | - | $10k | Rewards Checking | ||
OTHER TIERS: 0.25% → $10k+ | |||||
0.25%* | $100k* | - | Business Interest Checking | ||
OTHER TIERS: 0.15% → $5k - $25k | 0.20% → $25k - $100k |
EFCU Financial Locations | ||
---|---|---|
Branch Office | 7822 Magnolia Beach Rd | Denham Springs, LA 70726 |
Branch Office | 3861 Scenic Hwy | Baton Rouge, LA 70805 |
Branch Office | 15026 Market St | Baton Rouge, LA 70817 |
Branch Office | 1804 Church St | Zachary, LA 70791 |
Branch Office | 1508 S Burnside Ave | Gonzales, LA 70737-4405 |
Branch Office | 17235 Old Jefferson Hwy | Prairieville, LA 70769 |
Branch Office | 3663 Monterrey Dr | Baton Rouge, LA 70814-2920 |
Branch Office | 9210 Perkins Rd | Baton Rouge, LA 70810 |