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 816th largest credit union in the nation. It was established in 1935 and as of June of 2023, it had grown to 121 employees and 36,079 members at 6 locations. Louisiana Federal Credit Union's CD rates are 6X the national average, and it 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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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 Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 174 |
| Year Chartered | 1935 |
| Employees | 121 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.92% |
| Return on Equity - YTD | 7.47% |
| Annual Interest Income | $9.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $415.0MM$470.5MM |
| Loans | Q2 2023vs Q2 2022 | $311.5MM$287.2MM |
| Deposits | Q2 2023vs Q2 2022 | $356.1MM$413.2MM |
| Equity Capital | Q2 2023vs Q2 2022 | $51.8MM$50.6MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$1.5MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $3.9MM$3.4MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |