Louisiana

 BENEFITS OF THE LOUISIANA STATE CHARTER (View/download PDF)

REGULATING AGENCY: Louisiana Office of Financial Institutions

Louisiana State Capitol

  • P. Scott Jolly, Commissioner
  • Christine Kirkland, Deputy Commissioner
  • Website: ofi.state.la.us

ACCREDITED: 1995

LEAGUE: Louisiana Credit Union League

  • Juan Fernandez Ceballos, President/CEO
  • Website: lcul.com

PRIVATE SHARE INSURANCE: No


2023 STATS 
  • Largest SCU: PELICAN STATE CU $677.87M in assets
  • Largest FCU: BARKSDALE FCU $2.24B in assets
Third Quarter 2023 SCUs FCUs Total CUs % of SCUs/Total
Total Credit Unions 27 124 151 17.88%
Credit Union Members 205,496 1.14M 1.34M 15.29%
Credit Union Assets $1.90B $14.56B $16.45B 11.49%

FUN FACT

Louisiana has the tallest state capitol building in the United States; the building is 450 feet tall with 34 floors.


RECENT NEWS
Louisiana credit union expands field of membership into Arkansas

Feb. 23, 2023 — Centric Federal Credit Union in Louisiana has received regulatory approval for a major field-of-membership expansion, bringing it into Arkansas.

The $325 million-asset credit union in West Monroe has added 26 parishes and counties in Louisiana and neighboring Arkansas to its membership after the National Credit Union Administration approved the plans.

Centric Federal Credit Union CEO Rodney Parker said the company will expand into 26 new parishes and counties. Before the expansion, Centric’s field of membership covered only Ouachita and Lincoln parishes in north Louisiana.

“Centric FCU works earnestly to bring attentive, friendly solutions from start to finish and looks forward to being a great partner to the people in these communities,” Rodney Parker, Centric’s president and CEO, said in a press release Tuesday. Read more


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