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Essential Federal Credit Union

Popular Accounts at this Credit Union

2.50%Reward CheckingKey Checking
0.95%1-year CD12 Month Jumbo Certificate
0.10%SavingsSavings Account

Overview / Commentary
21925 Highway 1
Plaquemine, LA 70764-5132

Essential Federal Credit Union is headquartered in Baton Rouge and is the 8th largest credit union in the state of Louisiana. It is also the 741st largest credit union in the nation. It was established in 1972 and as of September of 2017, it had grown to 106 employees and 33,052 members at 6 locations. Essential Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in Essential Federal Credit Union is open to those who live, work, worship or attend school in the parishes of East Baton Rouge, West Baton Rouge, East Feliciana, West Feliciana, Ascension, Livingston, Iberville, Pointe Coupee, and St. Helena.
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Health Grade Components

NCUA #20972
Year Chartered1972
Primary Regulator
Profit Margin
Return on Assets - YTD0.1%
Return on Equity - YTD1.28%
Annual Interest Income$11.0MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$326.2MM$339.9MM
LoansQ3 2017vs Q3 2016$283.9MM$299.5MM
DepositsQ3 2017vs Q3 2016$289.9MM$287.6MM
Equity CapitalQ3 2017vs Q3 2016$25.3MM$25.9MM
Loan Loss AllowanceQ3 2017vs Q3 2016$2.2MM$2.3MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$2.7MM$3.3MM
Real Estate OwnedQ3 2017vs Q3 2016$106.00K$310.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Essential Federal Credit Union Savings Account Rates

0.30%*$20k*-IRA Savings Account
OTHER TIERS: 0.10% $100 - $2k | 0.15% $2k - $5k | 0.20% $5k - $10k | 0.25% $10k - $20k
0.15%--Christmas Club
0.15%--Start-Up Account
0.10%--Savings Account

Essential Federal Credit Union Money Market Rates

0.40%*$25k*-Money Market Account
OTHER TIERS: 0.20% $1k - $10k | 0.30% $10k - $25k

Essential Federal Credit Union Checking Account Rates

2.50%*-$10kKey Checking
OTHER TIERS: 0.30% $10k+
0.05%--Simple Checking

Essential Federal Credit Union CD Rates

1.76%$500$10k48 Month Regular Certificate
1.76%$10k-48 Month Jumbo Certificate
1.51%$500$10k36 Month Regular Certificate
1.51%$10k-36 Month Jumbo Certificate
1.31%$500$10k24 Month Regular Certificate
1.31%$10k-24 Month Jumbo Certificate
1.00%$500$10k18 Month Regular Certificate
1.00%$10k-18 Month Jumbo Certificate
0.95%$500$10k12 Month Regular Certificate
0.95%$10k-12 Month Jumbo Certificate
0.60%$500$10k6 Month Regular Certificate
0.60%$10k-6 Month Jumbo Certificate
0.25%$500$10k3 Month Regular Certificate
0.25%$10k-3 Month Jumbo Certificate

Essential Federal Credit Union IRA Rates

1.76%$10k-48 Month Jumbo IRA Certificate
1.76%$500$10k48 Month Regular IRA Certificate
1.76%$10k-48 Month Jumbo CESA
1.76%$500$10k48 Month Regular CESA
1.51%$10k-36 Month Jumbo IRA Certificate
1.51%$500$10k36 Month Regular IRA Certificate
1.51%$10k-36 Month Jumbo CESA
1.51%$500$10k36 Month Regular CESA
1.31%$10k-24 Month Jumbo IRA Certificate
1.31%$500$10k24 Month Regular IRA Certificate
1.31%$10k-24 Month Jumbo CESA
1.31%$500$10k24 Month Regular CESA
1.00%$10k-18 Month Jumbo IRA Certificate
1.00%$500$10k18 Month Regular IRA Certificate
0.95%$10k-12 Month Jumbo IRA Certificate
0.95%$500$10k12 Month Regular IRA Certificate
0.95%$10k-12 Month Jumbo CESA
0.95%$500$10k12 Month Regular CESA
0.60%$10k-6 Month Jumbo IRA Certificate
0.60%$500$10k6 Month Regular IRA Certificate
0.25%$10k-3 Month Jumbo IRA Certificate
0.25%$500$10k3 Month Regular IRA Certificate

Essential Federal Credit Union Locations
Branch Office21925 Highway 1Plaquemine, LA 70764-5132
Branch Office6725 Siegen Ln Suite KBaton Rouge, LA 70809
Branch Office1051 N Airline HwyGonzales, LA 70737
Branch Office28645 Walker Rd SWalker, LA 70785-6032
Branch Office10513 Sullivan RdBaton Rouge, LA 70818-4134
Branch Office2312 False River Dr Ste ANew Roads, LA 70760-2508