EFCU Financial

Overview / Commentary
10719 Airline Hwy
Baton Rouge, LA 70816-4213

EFCU Financial is headquartered in Baton Rouge and is the 3rd largest credit union in the state of Louisiana. It is also the 461st largest credit union in the nation. It was established in 1934 and as of September of 2022, it had grown to 122 employees and 60,242 members at 8 locations. EFCU Financial's CD rates are 5X the national average, and it has an A health rating.

Field of Membership Restrictions

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

Related Posts

Efcus Cd Rates - 1/3/2023

EFCU Financial cd rates have been outdated and wrong here on this site for some time for some reason. For locals or those already members, their current rates aren't bad. However they no longer accept new members from outside Louisana. Interestingly all cd lengths of at least a year (12, 18, 24, 30 bump-up, 36, 48, 60 months) currently have the same rate right now: 4.50 apy (4.60 for 100k+ or iras), with penalty of 180 days.

Efcu Financial 60 Mo. Jumbo 4.35%, Ira 4.45% - 11/23/2022

only 6 mo. EWP I believe

EFCU Financial - 8/27/2022

EFCU Financial has suspended voluntary membership applications online.

View all posts from:

Patience Pays Off

Posted by: |

Well, we applied on August 11th. Kept my phone with me for days...Called several times and was told someone would get back to us. Well I think we fell through the cracks. However, when we were contacted by Tim Borgmeyer, Assistant Vice President, he took excellent care of us. He personally helped us navigate all of the forms and issues. He was extremely knowledgeable and knew that getting our IRA out of Navy Federal might take some doing. He was right, however he kept us informed, he was patient while we were getting the money transferred and he called us as soon as our IRA and CD money arrived at efcu. He then put them into our accounts and gave us the 4.0 and 4.2 APY. We called him many, many times and he always got right back to us and made us feel very comfortable about working with this credit union. efcu kept their word!
Happy to be a member here!!

Great Rates And Excellent Member Service

Posted by: |

Out of stater opened membership/CD account. Process was as expected, hard pull from Equifax, provide driver’s license photo ID, one-time membership donation and fund both accounts by combination of check, ACH and wire transfer. Membership Service Reps were quick to respond to email and phone calls, quite knowledgeable and very helpful; thank you Jenna T. and Kenyetta R. for your assistance.

Hard (Pull) To Join.

Posted by: |

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.

Did Not Complete The Application

Posted by: |

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.



Health Grade Components

NCUA #13
Year Chartered1934
Primary Regulator
Profit Margin
Return on Assets - YTD1.39%
Return on Equity - YTD16.46%
Annual Interest Income$19.9MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$911.4MM$705.2MM
LoansQ3 2022vs Q3 2021$762.7MM$583.4MM
DepositsQ3 2022vs Q3 2021$817.1MM$612.7MM
Equity CapitalQ3 2022vs Q3 2021$71.8MM$59.8MM
Loan Loss AllowanceQ3 2022vs Q3 2021$889.00K$1.4MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$1.3MM$404.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$0
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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.

EFCU Financial Savings Account Rates

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

EFCU Financial Money Market Rates

0.25%*$50k*-Platinum Money Market Savings
OTHER TIERS: 0.10% $2.5k - $10k | 0.15% $10k - $25k | 0.20% $25k - $50k

EFCU Financial Checking Account Rates

3.01%*-$10kRewards Checking
OTHER TIERS: 0.25% $10k+
0.25%*$100k*-Business Interest Checking
OTHER TIERS: 0.15% $5k - $25k | 0.20% $25k - $100k

EFCU Financial CD Rates

4.60%$100k-12 Month Jumbo CD
4.60%$100k-18 Month Jumbo CD
4.60%$100k-24 Month Jumbo CD
4.60%$100k-30 Month Bump Option Jumbo CD
4.60%$100k-36 Month Jumbo CD
4.60%$100k-48 Month Jumbo CD
4.60%$100k-60 Month Jumbo CD
4.50%$500-12 Month CD
4.50%$500-18 Month CD
4.50%$500-24 Month CD
4.50%$500-36 Month CD
4.50%$500-48 Month CD
4.50%$500-60 Month CD
4.50%$500-30 Month Bump Option CD
3.60%$100k-6 Month Jumbo CD
3.50%$500-6 Month CD

EFCU Financial IRA Rates

4.70%$100k-12 Month Jumbo IRA
4.70%$100k-18 Month Jumbo IRA
4.70%$100k-24 Month Jumbo IRA
4.70%$100k-30 Month Bump Option Jumbo IRA
4.70%$100k-36 Month Jumbo IRA
4.70%$100k-48 Month Jumbo IRA
4.70%$100k-60 Month Jumbo IRA
4.60%$500-12 Month IRA
4.60%$500-18 Month IRA
4.60%$500-24 Month IRA
4.60%$500-36 Month IRA
4.60%$500-48 Month IRA
4.60%$500-60 Month IRA
4.60%$500-30 Month Bump Option IRA
3.70%$100k-6 Month Jumbo IRA
3.60%$500-6 Month IRA

EFCU Financial Locations
Branch Office7822 Magnolia Beach RdDenham Springs, LA 70726
Branch Office3861 Scenic HwyBaton Rouge, LA 70805
Branch Office15026 Market StBaton Rouge, LA 70817
Branch Office1804 Church StZachary, LA 70791
Branch Office1508 S Burnside AveGonzales, LA 70737-4405
Branch Office17235 Old Jefferson HwyPrairieville, LA 70769
Branch Office3663 Monterrey DrBaton Rouge, LA 70814-2920
Branch Office9210 Perkins RdBaton Rouge, LA 70810

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