Louisiana Federal Credit Union
Louisiana Federal Credit Union is headquartered in Metairie and is the 4th largest credit union in the state of Louisiana. It is also the 423rd largest credit union in the nation. It was established in 1961 and as of March of 2025, it had grown to 253 employees and 84,605 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
Please Run
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
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.
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| Year Established | 1961 |
| Employees | 253 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.01% |
| Return on Equity - YTD | 10.85% |
| Annual Interest Income | $16.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $1.1B$632.2MM |
| Loans | Q1 2025vs Q1 2024 | $789.7MM$490.5MM |
| Deposits | Q1 2025vs Q1 2024 | $887.9MM$489.9MM |
| Equity Capital | Q1 2025vs Q1 2024 | $99.4MM$45.2MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $11.4MM$4.9MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $11.9MM$3.9MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $40K$119K |