Internal Revenue Federal Credit Union
Overview / Commentary
Internal Revenue Federal Credit Union is headquartered in New Orleans and is the 74th largest credit union in the state of Louisiana. It is also the 3,226th largest credit union in the nation. It was established in 1937 and as of December of 2024, it had grown to 3 employees and 1,547 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
Health
B+
Data as of Q4 2024
Learn why bank health mattersAdditional 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 Chartered | 1937 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.77% |
| Return on Equity - YTD | 5.09% |
| Annual Interest Income | $936K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $19.9MM$18.9MM |
| Loans | Q4 2024vs Q4 2023 | $10.6MM$10.6MM |
| Deposits | Q4 2024vs Q4 2023 | $16.8MM$16MM |
| Equity Capital | Q4 2024vs Q4 2023 | $2.9MM$2.8MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $111K$110K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $117K$65K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |