INSTEP Credit Union is headquartered in New Orleans and is the 48th largest credit union in the state of Louisiana. It is also the 2,420th largest credit union in the nation. It was established in 1948 and as of March of 2025, it had grown to 22 employees and 5,085 members at 2 locations. INSTEP Credit Union's savings rates are 6X the national average, and it has a B+ health rating.
Membership in INSTEP Credit Union is open to Members of all Military services, Military Veterans, Employees of the Federal Civil Service, Employees of this Credit Union, Employees of the Department of Defense, Employees of Belle Chasse Academy, Employees of Chevron Chemical Company, Oak Point Plant. Immediate families and organizations of those listed. Live, work, or worship in Plaquemines Parish.
See current membership details
Overall | |
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NCUA # | 24951 |
Year Chartered | 1948 |
Employees | 22 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | -1.08% |
Return on Equity - YTD | -7.88% |
Annual Interest Income | $773K |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $51.5MM$48.1MM |
Loans | Q1 2025vs Q1 2024 | $38.6MM$36.4MM |
Deposits | Q1 2025vs Q1 2024 | $43.6MM$40.4MM |
Equity Capital | Q1 2025vs Q1 2024 | $6.9MM$7.4MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $850K$647K |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $770K$589K |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not INSTEP 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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.09% | $0 | - | Instep Kids Account | |
4.09% | $0 | - | Instep Teens | |
3.05% | $0 | - | Christmas Club | |
3.05% | $0 | - | Back to School Savings | |
0.75% | $50 | $150k | Regular Shares |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.36% | $0 | - | United Checking | |
1.36% | $0 | - | Patriotic Checking |
INSTEP Credit Union Locations | ||
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Branch Office | 400 Russell Ave Bldg 509 | New Orleans, LA 70143-5077 |
Branch Office | 8640 Highway 23 | Belle Chasse, LA 70037 |