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Section 705 Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.55%1-year CD12 Month Share Certificate
0.16%SavingsRegular Share
1.00%4-year CD48 Month Share Certificate

Overview / Commentary
800-653-5990
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 2,800th largest credit union in the nation. It was established in 1968 and as of March of 2017, it had grown to 9 employees and 3,874 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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Health
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

Overall
NCUA #18749
Year Chartered1968
Employees9
Primary Regulator
Profit Margin
Return on Assets - YTD0.26%
Return on Equity - YTD2.6%
Annual Interest Income$313.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$33.4MM$32.4MM
LoansQ1 2017vs Q1 2016$23.0MM$22.6MM
DepositsQ1 2017vs Q1 2016$29.9MM$29.0MM
Equity CapitalQ1 2017vs Q1 2016$3.4MM$3.3MM
Loan Loss AllowanceQ1 2017vs Q1 2016$144.00K$146.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$379.00K$376.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$2,500-48 Month Share Certificate
0.90%$2,500-36 Month Share Certificate
0.80%$50k-18 Month Share Certificate
0.70%$1k-24 Month Share Certificate
0.70%$25k-12 Month Share Certificate
0.60%$1k-18 Month Share Certificate
0.55%$500-12 Month Share Certificate
0.45%$500-6 Month Share Certificate
0.24%$100-3 Month Share Certificate

Section 705 Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$2,500-48 Month IRA Certificate
0.90%$2,500-36 Month IRA Certificate
0.80%$50k-18 Month IRA Certificate
0.70%$25k-12 Month IRA Certificate
0.70%$1k-24 Month IRA Certificate
0.60%$1k-18 Month IRA Certificate
0.55%$500-12 Month IRA Certificate
0.45%$500-6 Month IRA Certificate
0.24%$100-3 Month IRA Certificate
Locations


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