RiverLand Federal Credit Union

Overview / Commentary
639 Loyola Ave Ste 220
New Orleans, LA 70113

RiverLand Federal Credit Union is headquartered in New Orleans and is the 15th largest credit union in the state of Louisiana. It is also the 983rd largest credit union in the nation. It was established in 1978 and as of March of 2022, it had grown to 58 employees and 15,350 members at 8 locations. RiverLand Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership in RiverLand Federal Credit Union is open to anyone in Louisiana 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

Reviews (1)

Application Denied After Costly Membership Requirement

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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?


Health Grade Components

NCUA #24860
Year Chartered1978
Primary Regulator
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD6.01%
Annual Interest Income$2.9MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$310.0MM$295.5MM
LoansQ1 2022vs Q1 2021$237.0MM$234.8MM
DepositsQ1 2022vs Q1 2021$258.2MM$247.3MM
Equity CapitalQ1 2022vs Q1 2021$29.2MM$26.8MM
Loan Loss AllowanceQ1 2022vs Q1 2021$750.00K$513.00K
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$635.00K$275.00K
Real Estate OwnedQ1 2022vs Q1 2021$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

RiverLand Federal Credit Union Savings Account Rates

0.15%$105-Christmas Club
0.10%--Health Savings Account
0.05%$105-Share (Savings)

RiverLand Federal Credit Union Money Market Rates

0.35%$100-Money Market IRA
0.25%$25k-Super Money Market
0.15%$1k-Money Market Savings
0.05%--Money Market Checking

RiverLand Federal Credit Union CD Rates

1.02%$1k-60 Month Certificate
1.02%$2k-60 Month HSA Certificate
1.02%$10k-60 Month Step-Up Certificate
0.82%$1k-36 Month Certificate
0.82%$2k-36 Month HSA Certificate
0.82%$10k-36 Month Step-Up Certificate
0.73%$1k-24 Month Certificate
0.73%$2k-24 Month HSA Certificate
0.73%$10k-24 Month Step-Up Certificate
0.66%$1k-18 Month Certificate
0.66%$2k-18 Month HSA Certificate
0.59%$1k-12 Month Certificate
0.59%$2k-12 Month HSA Certificate

RiverLand Federal Credit Union IRA Rates

1.02%$1k-60 Month IRA Certificate
0.82%$1k-36 Month IRA Certificate
0.73%$1k-24 Month IRA Certificate
0.66%$1k-18 Month IRA Certificate
0.59%$1k-12 Month IRA Certificate

RiverLand Federal Credit Union Locations
Branch Office1340 Echelon PkwyJackson, MS 39213-8202
Branch Office639 Loyola Ave Ste 220New Orleans, LA 70113-3130
Branch Office1001 Virgil StGretna, LA 70053-2332
Branch Office1234 David Dr Ste 104Morgan City, LA 70380-1370
Branch OfficeGrand Gulf Nuclear Station 7003 Bald Hill RdPort Gibson, MS 39150
Branch OfficeWaterford 3 Nuclear Station 17265 River RdKillona, LA 70057
Branch Office4809 Jefferson HwyJefferson, LA 70121-3122
Branch Office1448 AR-333Russellville, AR 72802

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