New Orleans Firemen's Federal Credit Union
New Orleans Firemen's Federal Credit Union is headquartered in Metairie and is the 18th largest credit union in the state of Louisiana. It is also the 1,095th largest credit union in the nation. It was established in 1934 and as of September of 2022, it had grown to 87 employees and 28,430 members at 9 locations. New Orleans Firemen's Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
New Orleans Firemen's Federal Credit Union is open to active and retired New Orleans firefighters, and those who live, work, worship or go to school in certain parts of New Orleans East area, the City of Picayune, St. James Parish, Plaquemines Parish, or Tangipahoa Parish. Members of The Faith Fund, as well as any immediate family or household member of the aforementioned are also eligible.
See current membership details
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My credit union experience
I was a member of the credit union at my previous job, and I really enjoyed it. I got paid every week, and I religiously had money taken out of my paycheck and placed in the credit union savings account. It was a great to save for specific items -- be it a trip, a new television, or a new car deposit. I used the credit union for other things as well -- a car loan and a tuition loan, for example. The other thing that was great was the Christmas Club account. You could take say $10 or $20 out of your account every week and put into this specific account. After Thanksgiving, it would be available to you to do your holiday shopping. My current place of business is not associated with a credit union.
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 6 |
| Year Chartered | 1934 |
| Employees | 87 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.18% |
| Return on Equity - YTD | 17.78% |
| Annual Interest Income | $8.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $256.1MM$230.1MM |
| Loans | Q3 2022vs Q3 2021 | $169.5MM$150.3MM |
| Deposits | Q3 2022vs Q3 2021 | $226.6MM$207.8MM |
| Equity Capital | Q3 2022vs Q3 2021 | $17.1MM$18.3MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $2.2MM$2.1MM |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $834.00K$1.1MM |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |