Louisiana Federal Credit Union


Overview / Commentary
985-652-4990
350 Belle Terre Blvd
La Place, LA 70068

Louisiana Federal Credit Union is headquartered in La Place and is the 11th largest credit union in the state of Louisiana. It is also the 737th largest credit union in the nation. It was established in 1935 and as of June of 2022, it had grown to 108 employees and 35,885 members at 6 locations. Louisiana Federal Credit Union has an A health rating.

Field of Membership Restrictions

Louisiana Federal Credit Union is open to employees/retirees/members (and their families) of more than 600 Business Partners (Select Employer Group), including Dow Chemical, Ian Somerhalder Foundation, Marathon Oil Louisiana Refinery Division, and St. Charles Parish. (A complete list can be found on the Credit Union's website). Membership also extends to family or household members of Louisiana FCU members.
See current membership details

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Reviews (1)

Never Trust This Credit Union

Posted by: |

I bought a jumbo CD with this Union because they were competitive. I explained that I needed regular payments from my CD and they agreed to mail it every month on the 1St. Out of 24 months, they rarely paid on time but didn’t pay dividends while they were late. They claimed it posted on the 1st but they didn’t write the check and mail until the 5,6, or 7th of the month and I didn’t have access to it.The last 4 months I had to drive 60 miles round trip because “they stopped mailing”.This is shoddy, Crooked credit Union and do not use them.



Health

Health Grade Components

Overall
NCUA #174
Year Chartered1935
Employees108
Primary Regulator
Profit Margin
Return on Assets - YTD1.3%
Return on Equity - YTD12.45%
Annual Interest Income$8.1MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$470.5MM$398.0MM
LoansQ2 2022vs Q2 2021$287.2MM$255.5MM
DepositsQ2 2022vs Q2 2021$413.2MM$348.7MM
Equity CapitalQ2 2022vs Q2 2021$50.6MM$42.8MM
Loan Loss AllowanceQ2 2022vs Q2 2021$1.5MM$1.5MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$3.4MM$1.4MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Rates for Louisiana Federal Credit Union are currently being reviewed.

Locations


Louisiana Federal Credit Union Locations
Branch Office15689 Airline HwyNorco, LA 70079-2463
Branch Office1643 Highway 3125Gramercy, LA 70052
Branch Office350 Belle Terre BlvdLa Place, LA 70068-2435
Branch Office805 Robin StLa Place, LA 70068-4903
Branch Office42162 Veterans AveHammond, LA 70403
Branch Office38307 Highway 30Gonzales, LA 70737

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