RiverLand Federal Credit Union is headquartered in New Orleans and is the 14th largest credit union in the state of Louisiana. It is also the 892nd largest credit union in the nation. It was established in 1978 and as of December of 2019, it had grown to 55 employees and 15,290 members at 8 locations. RiverLand Federal Credit Union has an A health rating.
Membership in RiverLand Federal Credit Union is open to anyone through membership in the New Orleans Arts Council. Membership is also open to employees of Entergy Corporation, Cox Communications, Teche Regional Medical Center, Baptist Community Ministries, and other select employers.
See current membership details
I applied for membership in the RiverLand Credit Union because it has the highest money market rates for IRAs and HSAs. It is possible to become a member by contributing to the Arts Council of New Orleans. I made a $10 contribution to the Arts Council and submitted my application to RiverLand. I received a response from RiverLand that they would have to have proof of my membership in the Arts Council. That turned out to cost $60. I became a member because the additional interest income would have exceeded that amount. Within days, I received a denial from RiverLand. Couldn't they have let me know in the first letter that they were not intending to approve my application rather than putting me through this costly charade?
|Return on Assets - YTD||0.79%|
|Return on Equity - YTD||8.51%|
|Annual Interest Income||$10.9MM|
|Assets and Liabilities|
|Assets||Q4 2019vs Q4 2018||$268.9MM$254.6MM|
|Loans||Q4 2019vs Q4 2018||$233.1MM$221.1MM|
|Deposits||Q4 2019vs Q4 2018||$213.5MM$202.9MM|
|Equity Capital||Q4 2019vs Q4 2018||$24.9MM$22.8MM|
|Loan Loss Allowance||Q4 2019vs Q4 2018||$1.1MM$1.2MM|
|Unbacked Noncurrent Loans||Q4 2019vs Q4 2018||$774.00K$835.00K|
|Real Estate Owned||Q4 2019vs Q4 2018||$0$0|
Rates for RiverLand Federal Credit Union are currently being reviewed.
|RiverLand Federal Credit Union Locations|
|Branch Office||1340 Echelon Pkwy||Jackson, MS 39213-8202|
|Branch Office||10055 Grogans Mill Rd||The Woodlands, TX 77380|
|Branch Office||639 Loyola Ave Ste 220||New Orleans, LA 70113-3130|
|Branch Office||1001 Virgil St||Gretna, LA 70053-2332|
|Branch Office||1234 David Dr Ste 104||Morgan City, LA 70380-1370|
|Branch Office||Grand Gulf Nuclear Station 7003 Bald Hill Rd||Port Gibson, MS 39150|
|Branch Office||Waterford 3 Nuclear Station 17265 River Rd||Killona, LA 70057|
|Branch Office||4809 Jefferson Hwy||Jefferson, LA 70121-3122|