Louisiana Federal Credit Union
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
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 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 174 |
| Year Chartered | 1935 |
| Employees | 108 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.3% |
| Return on Equity - YTD | 12.45% |
| Annual Interest Income | $8.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $470.5MM$398.0MM |
| Loans | Q2 2022vs Q2 2021 | $287.2MM$255.5MM |
| Deposits | Q2 2022vs Q2 2021 | $413.2MM$348.7MM |
| Equity Capital | Q2 2022vs Q2 2021 | $50.6MM$42.8MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $1.5MM$1.5MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $3.4MM$1.4MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |