EFCU Financial


Overview / Commentary
225-214-6800
10719 Airline Hwy
Baton Rouge, LA 70816-4213

EFCU Financial is headquartered in Baton Rouge and is the 5th largest credit union in the state of Louisiana. It is also the 518th largest credit union in the nation. It was established in 1934 and as of June of 2022, it had grown to 117 employees and 58,830 members at 8 locations. EFCU Financial's CD rates are 3X 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 - 8/27/2022

EFCU Financial has suspended voluntary membership applications online.

EFCU Financial - No More 4% Top CD Rates For 60 Month - 8/16/2022

Rates posted today, 8/16/22, 60 Month Jumbo APY 3.85% (was 4.00%) , 60 IRA Jumbo 3.95%. Consider yourself lucky if you managed to lock-in your 60 Month CD at rates in effect from 8/11/22 to 8/15/22. https://www.efcufinancial.org/media/201873/august-2022-rate-sheet-3.pdf

EFCU Financial Has Nationally Available Rate Leading CDs - Expired - 8/12/2022

EFCU Financial (easy membership) 12- and 60-month Jumbo CDs ($100k min deposit) offer very competitive rates, with the Jumbo IRA CDs having rates 10 bps higher.

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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.

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Health

Health Grade Components

Overall
NCUA #13
Year Chartered1934
Employees117
Primary Regulator
Profit Margin
Return on Assets - YTD1.55%
Return on Equity - YTD17.68%
Annual Interest Income$12.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$794.5MM$687.5MM
LoansQ2 2022vs Q2 2021$730.5MM$558.3MM
DepositsQ2 2022vs Q2 2021$687.8MM$601.4MM
Equity CapitalQ2 2022vs Q2 2021$69.1MM$57.6MM
Loan Loss AllowanceQ2 2022vs Q2 2021$1.1MM$1.5MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$767.00K$570.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$343.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW 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

EFCU Financial Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

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

EFCU Financial CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.60%$100k-60 Month Jumbo CD
3.50%$500-60 Month CD
3.35%$100k-48 Month Jumbo CD
3.25%$500-48 Month CD
3.10%$100k-30 Month Bump Option Jumbo CD
3.10%$100k-36 Month Jumbo CD
3.00%$500-36 Month CD
3.00%$500-30 Month Bump Option CD
2.85%$100k-18 Month Jumbo CD
2.85%$100k-24 Month Jumbo CD
2.75%$500-18 Month CD
2.75%$500-24 Month CD
2.60%$100k-12 Month Jumbo CD
2.50%$500-12 Month CD
1.85%$100k-6 Month Jumbo CD
1.75%$500-6 Month CD

EFCU Financial IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.70%$100k-60 Month Jumbo IRA
3.60%$500-60 Month IRA
3.45%$100k-48 Month Jumbo IRA
3.35%$500-48 Month IRA
3.20%$100k-30 Month Bump Option Jumbo IRA
3.20%$100k-36 Month Jumbo IRA
3.10%$500-36 Month IRA
3.10%$500-30 Month Bump Option IRA
2.95%$100k-18 Month Jumbo IRA
2.95%$100k-24 Month Jumbo IRA
2.85%$500-18 Month IRA
2.85%$500-24 Month IRA
2.70%$100k-12 Month Jumbo IRA
2.60%$500-12 Month IRA
1.95%$100k-6 Month Jumbo IRA
1.85%$500-6 Month IRA
Locations


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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