Meritus Credit Union


Overview / Commentary
377-989-2800
515 Guilbeau Rd
Lafayette, LA 70506

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+

Health Grade Components

Overall
NCUA #9643
Year Chartered1954
Employees63
Primary Regulator
Profit Margin
Return on Assets - YTD0.54%
Return on Equity - YTD6.28%
Annual Interest Income$6.1MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$263.2MM$264.6MM
LoansQ3 2022vs Q3 2021$142.7MM$131.6MM
DepositsQ3 2022vs Q3 2021$235.0MM$232.1MM
Equity CapitalQ3 2022vs Q3 2021$23.1MM$25.1MM
Loan Loss AllowanceQ3 2022vs Q3 2021$854.00K$490.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$703.00K$375.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$0
Rates

Rates for Meritus Credit Union are currently being reviewed.

Locations


Meritus Credit Union Locations
Branch Office515 Guilbeau RdLafayette, LA 70506-6089
Branch Office331 Odd Fellows RdCrowley, LA 70526-2206
Branch Office1101 Parkview DrNew Iberia, LA 70563-2884
Branch Office724 Veterans DrCarencro, LA 70520-3619

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