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Section 705 Federal Credit Union

Popular Accounts at this Credit Union

0.45%1-year CD12 Month Share Certificate
0.16%SavingsRegular Share
0.90%4-year CD48 Month Share Certificate

Overview / Commentary
1455 W Willow St
Lafayette, LA 70506-1026

Section 705 Federal Credit Union is headquartered in Lafayette and is the 54th largest credit union in the state of Louisiana. It is also the 2,782nd largest credit union in the nation. It was established in 1968 and as of December of 2016, it had grown to 10 employees and 3,460 members at 1 location. Section 705 Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to employees of Section 705 Security, U.S. Postal Service,Republic National Distributing Inc, Natural Resources Conservation Services, Iberia Clerk of Court, U.S. Department of Agriculture, U.S. Fish and Wildlife Service, City of Carencro, U.S. Department of General Services Administration, Federal Aviation Agency, U.S. District Court, U.S. Marshall’s Office, U.S. Department of the Interior, Federal Bureau of Investigation, U.S. Congressman’s Office, Jenkins Medical Clinic and other select organizations located in Layfayette, Louisiana.
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Additional 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. Section 705 Federal Credit Union has a low asset base.

Health Grade Components

NCUA #18749
Year Chartered1968
Primary Regulator
Profit Margin
Return on Assets - YTD0.31%
Return on Equity - YTD3.03%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$33.1MM$32.2MM
LoansQ4 2016vs Q4 2015$23.2MM$22.4MM
DepositsQ4 2016vs Q4 2015$29.5MM$28.9MM
Equity CapitalQ4 2016vs Q4 2015$3.4MM$3.3MM
Loan Loss AllowanceQ4 2016vs Q4 2015$149.00K$165.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$429.00K$432.00K
Real Estate OwnedQ4 2016vs Q4 2015$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.

Section 705 Federal Credit Union Savings Account Rates

0.36%--IRA Share
0.35%*$50k*-Super Green Balances
OTHER TIERS: 0.20% $10k - $25k | 0.30% $25k - $50k
0.16%$100-Regular Share

Section 705 Federal Credit Union CD Rates

0.90%$2,500-48 Month Share Certificate
0.80%$2,500-36 Month Share Certificate
0.70%$50k-18 Month Share Certificate
0.60%$1k-24 Month Share Certificate
0.60%$25k-12 Month Share Certificate
0.50%$1k-18 Month Share Certificate
0.45%$500-12 Month Share Certificate
0.35%$500-6 Month Share Certificate
0.15%$100-3 Month Share Certificate

Section 705 Federal Credit Union IRA Rates

0.90%$2,500-48 Month IRA Certificate
0.80%$2,500-36 Month IRA Certificate
0.70%$50k-18 Month IRA Certificate
0.60%$25k-12 Month IRA Certificate
0.60%$1k-24 Month IRA Certificate
0.50%$1k-18 Month IRA Certificate
0.45%$500-12 Month IRA Certificate
0.35%$500-6 Month IRA Certificate
0.15%$100-3 Month IRA Certificate

Section 705 Federal Credit Union Locations
Branch Office1455 W Willow StLafayette, LA 70506-1026