Overview / Commentary
2370 Towne Center Blvd
Baton Rouge, LA 70706

Essential Federal Credit Union is headquartered in Baton Rouge and is the 10th largest credit union in the state of Louisiana. It is also the 765th largest credit union in the nation. It was established in 1972 and as of September of 2018, it had grown to 124 employees and 35,857 members at 7 locations. Essential Federal Credit Union's CD rates are 3X the national average, and it has a C+ 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.
See current membership details

Related Posts

View all posts from:


No reviews have been left for this bank yet. Be the first to review.


Health Grade Components

NCUA #20972
Year Chartered1972
Primary Regulator
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD9.69%
Annual Interest Income$9.8MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$326.2MM$326.2MM
LoansQ3 2018vs Q3 2017$261.4MM$283.9MM
DepositsQ3 2018vs Q3 2017$296.1MM$289.9MM
Equity CapitalQ3 2018vs Q3 2017$27.2MM$25.3MM
Loan Loss AllowanceQ3 2018vs Q3 2017$1.9MM$2.2MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$3.2MM$2.7MM
Real Estate OwnedQ3 2018vs Q3 2017$0$106.00K
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Essential Federal Credit Union; 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.

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
0.20%*$100k*-Business Savings Account
OTHER TIERS: 0.10% $250 - $25k | 0.15% $25k - $100k
0.15%$5-Christmas Club
0.15%$5-Start-Up Account
0.10%$5-Savings Account

Essential Federal Credit Union Money Market Rates

0.60%*$10k*-Money Market Account
OTHER TIERS: 0.40% $1k - $10k

Essential Federal Credit Union Checking Account Rates

2.53%*-$10kKey Checking
OTHER TIERS: 0.30% $10k+
0.05%--Simple Checking

Essential Federal Credit Union CD Rates

3.25%$500$10k60 Month Regular Certificate
3.00%$500$10k48 Month Regular Certificate
2.91%$500$10k36 Month Regular Certificate
2.61%$500$10k24 Month Regular Certificate
2.50%$500$10k18 Month Regular Certificate
2.25%$500$10k12 Month Regular Certificate
1.30%$500$10k6 Month Regular Certificate
1.25%$500$10k3 Month Regular Certificate

Essential Federal Credit Union IRA Rates

3.25%$500$10k60 Month Regular IRA Certificate
3.00%$500$10k48 Month Regular IRA Certificate
2.91%$500$10k36 Month Regular IRA Certificate
2.61%$500$10k24 Month Regular IRA Certificate
2.50%$500$10k18 Month Regular IRA Certificate
2.25%$500$10k12 Month Regular IRA Certificate
1.30%$500$10k6 Month Regular IRA Certificate
1.25%$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
Corporate Office2370 Towne Center BLVDBaton Rouge, LA 70806

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.