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Section 705 Federal Credit Union

Popular Accounts at this Credit Union

0.55%1-year CD12 Month Share Certificate
0.16%SavingsLucky Lagniappe Savings
1.00%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 55th largest credit union in the state of Louisiana. It is also the 2,792nd largest credit union in the nation. It was established in 1968 and as of September of 2017, it had grown to 10 employees and 3,561 members at 1 location. Section 705 Federal Credit Union's CD rates are 16% higher than the national average, and it 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 - YTD-0.56%
Return on Equity - YTD-5.72%
Annual Interest Income$953.00K
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$32.8MM$32.3MM
LoansQ3 2017vs Q3 2016$23.0MM$23.3MM
DepositsQ3 2017vs Q3 2016$29.5MM$28.9MM
Equity CapitalQ3 2017vs Q3 2016$3.2MM$3.4MM
Loan Loss AllowanceQ3 2017vs Q3 2016$251.00K$62.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$269.00K$403.00K
Real Estate OwnedQ3 2017vs Q3 2016$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
0.16%--Lucky Lagniappe Savings

Section 705 Federal Credit Union CD Rates

1.21%$50k-18 Month Share Certificate
1.04%$25k-12 Month Share Certificate
1.00%$2,500-48 Month Share Certificate
0.90%$2,500-36 Month Share Certificate
0.70%$1k-24 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 Locations
Branch Office1455 W Willow StLafayette, LA 70506-1026