Overview / Commentary
317 W 18th St
Lake Charles, LA 70601

SPELC Federal Credit Union is headquartered in LAKE CHARLES and is the 98th largest credit union in the state of Louisiana. It is also the 4,043rd largest credit union in the nation. It was established in 1956 and as of September of 2018, it had grown to 3 employees and 2,130 members at 1 location. SPELC Federal Credit Union's CD rates are 44% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Membership is open to employees of the Southern Pacific Railroad in the Lake Charles, Louisiana area and over 60 local companies within the Lake Charles area.
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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. SPELC Federal Credit Union has a low asset base.

Health Grade Components

NCUA #11203
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD0.17%
Return on Equity - YTD1.94%
Annual Interest Income$256.00K
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$10.3MM$10.4MM
LoansQ3 2018vs Q3 2017$7.3MM$7.2MM
DepositsQ3 2018vs Q3 2017$9.4MM$9.5MM
Equity CapitalQ3 2018vs Q3 2017$892.00K$876.00K
Loan Loss AllowanceQ3 2018vs Q3 2017$10.00K$15.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$11.00K$77.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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SPELC Federal Credit Union Savings Account Rates

0.25%--IRA Account
0.25%--Roth IRA account
0.15%--Regular Savings
0.15%--Christmas Club

SPELC Federal Credit Union Checking Account Rates

0.08%--Premier Checking
0.08%--Golden Checking
0.02%--Simply Checking

SPELC Federal Credit Union CD Rates

1.30%$1k-12 Month CD
0.90%$1k-6 Month CD

SPELC Federal Credit Union Locations
Branch Office317 W 18TH STLAKE CHARLES, LA 70601-8458

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