Internal Revenue Federal Credit Union


Overview / Commentary
504-523-3756
1555 Poydras St Ste 250
New Orleans, LA 70112

Internal Revenue Federal Credit Union is headquartered in New Orleans and is the 77th largest credit union in the state of Louisiana. It is also the 3,370th largest credit union in the nation. It was established in 1937 and as of September of 2023, it had grown to 3 employees and 1,500 members at 1 location. Internal Revenue Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership in IRFCU is open to members of the Louisiana Society for the Prevention of Cruelty to Animals ($25 membership fee). Membership is also open to employees of the Internal Revenue Service in Louisiana, and over 10 federal agencies located in the New Orleans area.
See current membership details

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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Internal Revenue Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #2446
Year Chartered1937
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD1.22%
Return on Equity - YTD7.93%
Annual Interest Income$548K
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$18.5MM$18.6MM
LoansQ3 2023vs Q3 2022$10.6MM$8.8MM
DepositsQ3 2023vs Q3 2022$15.6MM$15.9MM
Equity CapitalQ3 2023vs Q3 2022$2.8MM$2.7MM
Loan Loss AllowanceQ3 2023vs Q3 2022$79K$61K
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$66K$4K
Real Estate OwnedQ3 2023vs Q3 2022$0$0
Rates

Rates for Internal Revenue Federal Credit Union are currently being reviewed.

Locations


Internal Revenue Federal Credit Union Locations
Branch Office1555 Poydras St Ste 250New Orleans, LA 70112-3726

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