Overview / Commentary
People's Credit Union (Rayne, LA) is headquartered in Rayne and is the 69th largest credit union in the state of Louisiana. It is also the 3,095th largest credit union in the nation. It was established in 1942 and as of June of 2024, it had grown to 8 employees and 3,761 members at 1 location. People's Credit Union (Rayne, LA)'s savings rates are 63% higher than the national average, and it has a B health rating.
Field of Membership Restrictions
Membership is open to those who live in the City of Rayne, Louisiana and their family.
See current membership details
Health
B
Data as of Q2 2024
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. People's Credit Union (Rayne, LA) has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 62564 |
| Year Chartered | 1942 |
| Employees | 8 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.89% |
| Return on Equity - YTD | 4.48% |
| Annual Interest Income | $446K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $24.7MM$25.5MM |
| Loans | Q2 2024vs Q2 2023 | $10.5MM$8.8MM |
| Deposits | Q2 2024vs Q2 2023 | $19.8MM$20.6MM |
| Equity Capital | Q2 2024vs Q2 2023 | $4.9MM$4.8MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $42K$78K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $71K$9K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |