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RiverLand Federal Credit Union


Overview / Commentary
www.riverlandcu.org
504-576-5800
639 Loyola Ave Ste 220
New Orleans, LA 70113-3130

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 883rd largest credit union in the nation. It was established in 1978 and as of September of 2019, it had grown to 55 employees and 15,248 members at 8 locations. RiverLand Federal Credit Union's money market rates are 48% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

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

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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?

38


Health
A

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #24860
Year Chartered1978
Employees55
Primary Regulator
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD9.93%
Annual Interest Income$8.2MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$268.6MM$250.8MM
LoansQ3 2019vs Q3 2018$230.5MM$213.4MM
DepositsQ3 2019vs Q3 2018$212.0MM$202.8MM
Equity CapitalQ3 2019vs Q3 2018$24.6MM$22.1MM
Loan Loss AllowanceQ3 2019vs Q3 2018$595.00K$744.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$139.00K$769.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not RiverLand Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Health Savings Account
0.25%*$10k*-Share (Savings)
OTHER TIERS: 0.10% → $105 - $10k
0.25%$105-Christmas Club

RiverLand Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$100k*-Money Market IRA
OTHER TIERS: 0.50% → $100 - $100k
0.65%*$75k*-Super Money Market
OTHER TIERS: 0.50% → $25k - $50k | 0.60% → $50k - $75k
0.40%$1k-Money Market Savings
0.15%--Money Market Checking

RiverLand Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.20%$10k-60 Month Step-Up Certificate
1.95%$1k-60 Month Certificate
1.95%$2k-60 Month HSA Certificate
1.70%$10k-36 Month Step-Up Certificate
1.45%$1k-36 Month Certificate
1.45%$2k-36 Month HSA Certificate
1.45%$10k-24 Month Step-Up Certificate
1.20%$1k-24 Month Certificate
1.20%$2k-24 Month HSA Certificate
1.10%$10k-12 Month Step-Up Certificate
1.10%$10k-18 Month Step-Up Certificate
0.85%$1k-12 Month Certificate
0.85%$1k-18 Month Certificate
0.85%$2k-12 Month HSA Certificate
0.85%$2k-18 Month HSA Certificate

RiverLand Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.95%$1k-60 Month IRA Certificate
1.45%$1k-36 Month IRA Certificate
1.20%$1k-24 Month IRA Certificate
0.85%$1k-12 Month IRA Certificate
0.85%$1k-18 Month IRA Certificate
Locations


RiverLand Federal Credit Union Locations
Branch Office1340 Echelon PkwyJackson, MS 39213-8202
Branch Office10055 Grogans Mill RdThe Woodlands, TX 77380
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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.