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Essential Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.50%Reward CheckingKey Checking
3.00%5-year CD60 Month Jumbo Certificate
1.19%1-year CD12 Month Jumbo Certificate

Overview / Commentary
225-353-8238
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 769th largest credit union in the nation. It was established in 1972 and as of March of 2018, it had grown to 104 employees and 34,251 members at 7 locations. Essential Federal Credit Union's CD rates are 32% higher than the national average, and it 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

Health Grade Components

Overall
NCUA #20972
Year Chartered1972
Employees104
Primary Regulator
Profit Margin
Return on Assets - YTD0.22%
Return on Equity - YTD2.83%
Annual Interest Income$3.2MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$321.5MM$358.2MM
LoansQ1 2018vs Q1 2017$259.1MM$301.6MM
DepositsQ1 2018vs Q1 2017$292.0MM$306.5MM
Equity CapitalQ1 2018vs Q1 2017$25.4MM$25.3MM
Loan Loss AllowanceQ1 2018vs Q1 2017$2.0MM$2.2MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$2.7MM$3.1MM
Real Estate OwnedQ1 2018vs Q1 2017$0$208.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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%--Christmas Club
0.15%--Start-Up Account
0.10%--Savings Account

Essential Federal Credit Union Money Market Rates

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

Essential Federal Credit Union Checking Account Rates

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

Essential Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$500$10k60 Month Regular Certificate
3.00%$10k-60 Month Jumbo Certificate
2.80%$500$10k48 Month Regular Certificate
2.80%$10k-48 Month Jumbo Certificate
1.81%$500$10k36 Month Regular Certificate
1.81%$10k-36 Month Jumbo Certificate
1.51%$500$10k24 Month Regular Certificate
1.51%$10k-24 Month Jumbo Certificate
1.35%$500$10k18 Month Regular Certificate
1.35%$10k-18 Month Jumbo Certificate
1.19%$500$10k12 Month Regular Certificate
1.19%$10k-12 Month Jumbo Certificate
0.91%$500$10k6 Month Regular Certificate
0.91%$10k-6 Month Jumbo Certificate
0.77%$500$10k3 Month Regular Certificate
0.77%$10k-3 Month Jumbo Certificate

Essential Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$500$10k60 Month Regular IRA Certificate
3.00%$10k-60 Month Jumbo IRA Certificate
2.80%$10k-48 Month Jumbo IRA Certificate
2.80%$500$10k48 Month Regular IRA Certificate
1.81%$10k-36 Month Jumbo IRA Certificate
1.81%$500$10k36 Month Regular IRA Certificate
1.51%$10k-24 Month Jumbo IRA Certificate
1.51%$500$10k24 Month Regular IRA Certificate
1.35%$10k-18 Month Jumbo IRA Certificate
1.35%$500$10k18 Month Regular IRA Certificate
1.19%$10k-12 Month Jumbo IRA Certificate
1.19%$500$10k12 Month Regular IRA Certificate
0.91%$10k-6 Month Jumbo IRA Certificate
0.91%$500$10k6 Month Regular IRA Certificate
0.77%$10k-3 Month Jumbo IRA Certificate
0.77%$500$10k3 Month Regular IRA Certificate
Locations


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

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