Louisiana Federal Credit Union

Overview / Commentary
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 801st largest credit union in the nation. It was established in 1935 and as of December of 2022, it had grown to 116 employees and 36,078 members at 6 locations. Louisiana Federal Credit Union's CD rates are 4X the national average, and it has a B+ 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 (2)

Please Run

Posted by: |

Do not use this company what ever you do they will ruin your credit and close your account behind 2 dollar even if u already paid 5000 dollars they are money hungry and ran by a bunch of unpleasant unprofessional black people...this isn't racism cause I'm black

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 Grade Components

NCUA #174
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD1.77%
Return on Equity - YTD14.59%
Annual Interest Income$17.3MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$419.6MM$474.0MM
LoansQ4 2022vs Q4 2021$305.4MM$272.9MM
DepositsQ4 2022vs Q4 2021$363.0MM$421.5MM
Equity CapitalQ4 2022vs Q4 2021$52.0MM$46.1MM
Loan Loss AllowanceQ4 2022vs Q4 2021$2.7MM$1.2MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$4.2MM$1.9MM
Real Estate OwnedQ4 2022vs Q4 2021$0$0
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Always verify rates and promotions with the bank or credit union. We are not Louisiana Federal 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.

Louisiana Federal Credit Union Savings Account Rates

0.50%--IRA Shares
0.15%*$2.5k*-Share Account
OTHER TIERS: 0.10% Up to $2.5k
0.15%*$2.5k*-Club Account
OTHER TIERS: 0.10% Up to $2.5k

Louisiana Federal Credit Union Money Market Rates

0.75%*$100k*-Business Money Market Accounts
OTHER TIERS: 0.15% $5k - $10k | 0.25% $10k - $100k
0.25%*$10k*-Money Market Accounts
OTHER TIERS: 0.15% $5k - $10k

Louisiana Federal Credit Union Checking Account Rates

0.10%--Interest Checking Account

Louisiana Federal Credit Union CD Rates

4.07%$1k-3 Year Share Certificate
4.07%$1k-4 Year Share Certificate
4.07%$1k-5 Year Share Certificate
4.07%$100k-2 Year Jumbo Share Certificate
3.82%$1k-2 Year Share Certificate
3.56%$1k-1 Year Share Certificate
0.70%$1k-18 Month Share Certificate
0.40%$1k-6 Month Share Certificate

Louisiana Federal Credit Union IRA Rates

4.07%$1k-3 Year IRA Certificate
4.07%$1k-4 Year IRA Certificate
4.07%$1k-5 Year IRA Certificate
4.07%$100k-2 Year Jumbo IRA Certificate
3.82%$1k-2 Year IRA Certificate
3.56%$1k-1 Year IRA Certificate
0.70%$1k-18 Month IRA Certificate
0.40%$1k-6 Month IRA Certificate

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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