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RiverLand Federal Credit Union


Overview / Commentary
www.riverlandcu.org
504-576-5800
639 Loyola Ave Ste 220
New Orleans, LA 70113

RiverLand Federal Credit Union is headquartered in New Orleans and is the 16th largest credit union in the state of Louisiana. It is also the 1,021st largest credit union in the nation. It was established in 1978 and as of September of 2022, it had grown to 58 employees and 15,556 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

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Reviews (1)

Application Denied After Costly Membership Requirement

Posted by: |

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?

39


Health
A

Data as of Q3 2022

Learn why bank health matters

Health Grade Components

Overall
NCUA #24860
Year Chartered1978
Employees58
Primary Regulator
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD7%
Annual Interest Income$7.7MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$291.6MM$295.5MM
LoansQ3 2022vs Q3 2021$249.7MM$234.0MM
DepositsQ3 2022vs Q3 2021$238.6MM$245.9MM
Equity CapitalQ3 2022vs Q3 2021$30.4MM$28.1MM
Loan Loss AllowanceQ3 2022vs Q3 2021$919.00K$384.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$969.00K$1.1MM
Real Estate OwnedQ3 2022vs Q3 2021$0$0
Rates

Rates for RiverLand Federal Credit Union are currently being reviewed.

Locations


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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