Overview / Commentary
Les Federal Credit Union is headquartered in Baton Rouge and is the 53rd largest credit union in the state of Louisiana. It is also the 2,727th largest credit union in the nation. It was established in 1950 and as of March of 2020, it had grown to 11 employees and 4,782 members at 2 locations. Les Federal Credit Union has a B health rating.
Field of Membership Restrictions
Must live, work, worship or attend school in the northern Baton Rouge, Mid City or Downtown Baton Rouge area. Also open to emloyees and retirees of Louisiana Workforce Commission, LWC Career Solution Centers, LWC Worker's Compensation, LWC Area One Stop Job Centers, Lamberts Heating & Air and Bengal Glass and Premier Office Products.
See current membership details
Health
B
Data as of Q1 2020
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. Les Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 6584 |
| Year Chartered | 1950 |
| Employees | 11 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.22% |
| Return on Equity - YTD | -1.97% |
| Annual Interest Income | $357.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $34.6MM$34.6MM |
| Loans | Q1 2020vs Q1 2019 | $18.4MM$18.2MM |
| Deposits | Q1 2020vs Q1 2019 | $30.5MM$30.6MM |
| Equity Capital | Q1 2020vs Q1 2019 | $3.9MM$3.8MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $204.00K$192.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $119.00K$147.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |