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 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.

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

EFCU Financial Ups Rates On ALL Maturities (12-60 Months) To 4.75%/4.85%/4.95% APY - 2/22/2023

When I took a look at the EFCU rate sheet this evening, I got a big surprise! Effective tomorrow, 2/22/2023, all regular and IRA certificates are the same rate regardless of maturity term for terms between 12 and 60 months. Here are the published rates. Share Certificates ($500+)                4.75% APY Jumbo Certificates ($100,000+)        4.85% APY IRA Certificates ($500+)                   4.85% APY Jumbo IRA Certificates ($100,000+)  4.95% APY Pick your maturity. These rates apply to all of the following. 12-, 18-, 24-, 36-, 48- and 60-month, plus the 30-month + 1 Time Bump certificates. Maybe this is a sign of what is to come from other banks and credit unions. Go here and click on Rates at top of page to download rate sheet. https://w

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EFCU Financial cd rates have been outdated and wrong here on this site for some time for some reason.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

View all posts from:

Hidden Gem

Posted by: |

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!

Solid Credit Union

Posted by: |

EFCU tries to provide good customer service to its membership as well as high deposit rates.

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 - YTD1.32%
Return on Equity - YTD15.98%
Annual Interest Income$28.7MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$898.6MM$742.3MM
LoansQ4 2022vs Q4 2021$795.7MM$617.7MM
DepositsQ4 2022vs Q4 2021$796.2MM$649.5MM
Equity CapitalQ4 2022vs Q4 2021$74.7MM$63.0MM
Loan Loss AllowanceQ4 2022vs Q4 2021$963.00K$1.4MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$1.6MM$535.00K
Real Estate OwnedQ4 2022vs Q4 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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