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 12th largest credit union in the state of Louisiana. It is also the 836th largest credit union in the nation. It was established in 1935 and as of March of 2024, it had grown to 123 employees and 35,886 members at 5 locations. Louisiana Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Louisiana Federal Credit Union is open to those who live, work, worship, attend school, or regularly conduct business in 19 southeast Louisiana parishes. 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 also qualify for membership. (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
B+

Health Grade Components

Overall
NCUA #174
Year Chartered1935
Employees123
Primary Regulator
Profit Margin
Return on Assets - YTD-0.06%
Return on Equity - YTD-0.46%
Annual Interest Income$5.5MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$409.2MM$421.4MM
LoansQ1 2024vs Q1 2023$317.4MM$303.1MM
DepositsQ1 2024vs Q1 2023$353.3MM$365.2MM
Equity CapitalQ1 2024vs Q1 2023$52.3MM$50.6MM
Loan Loss AllowanceQ1 2024vs Q1 2023$6.8MM$5.6MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$6.4MM$4.1MM
Real Estate OwnedQ1 2024vs Q1 2023$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

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