Overview / Commentary
Meritus Credit Union is headquartered in Lafayette and is the 17th largest credit union in the state of Louisiana. It is also the 1,074th largest credit union in the nation. It was established in 1954 and as of September of 2022, it had grown to 63 employees and 24,302 members at 4 locations. Meritus Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship or attend school in Acadia, Iberia, Lafayette, St. Martin, and Vermilion Parishes and immediate family of existing members.
See current membership details
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Health
B+
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 9643 |
| Year Chartered | 1954 |
| Employees | 63 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.54% |
| Return on Equity - YTD | 6.28% |
| Annual Interest Income | $6.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $263.2MM$264.6MM |
| Loans | Q3 2022vs Q3 2021 | $142.7MM$131.6MM |
| Deposits | Q3 2022vs Q3 2021 | $235.0MM$232.1MM |
| Equity Capital | Q3 2022vs Q3 2021 | $23.1MM$25.1MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $854.00K$490.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $703.00K$375.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |