Louisiana

REGULATING AGENCY: Louisiana Office of Financial Institutions

Louisiana State Capitol

  • Stanley M. Dameron, Commissioner
  • Christine Kirkland, Deputy Commissioner
  • Website: ofi.state.la.us

ACCREDITED: 1995

LEAGUE: Louisiana Credit Union League

PRIVATE SHARE INSURANCE: No

STATS: (As of Q4 2021)

Total Number of Credit Unions: 159

  • TOTAL # SCUs: 28
  • TOTAL # FCUs: 133
  • SCU % OF TOTAL (SCUS #/STATE TOTAL #): 18%

Total Assets: $15,597,971,001

  • TOTAL $ SCU ASSETS: $1,405,549,725
  • TOTAL $ FCU ASSETS: $14,192,421,276
  • SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 9%

Total Members: 1,331,545

  • TOTAL Members SCUs: 150,286
  • TOTAL Members FCUs: 1,181,259
  • SCU % OF TOTAL (SCUS/STATE TOAL): 11%

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 League Selects Matt Rookard as the Next President/CEO
Courtesy of CUNA News

LCULApril 13, 2022 — The Louisiana Credit Union League (LCUL) Board of Directors has selected Matt Rookard as their next President and CEO. Rookard joins LCUL following the departure of Bob Gallman, who retired in March after serving more than forty years in the movement.

Rookard brings extensive experience working in the public, private, and non-profit sectors throughout the state, most recently serving as President/CEO of the Terrebonne Economic Development Authority. Prior to this role, he served as Senior Vice President of Business Development at Greater New Orleans, Inc. (GNO, Inc.) and Project Manager at Louisiana Economic Development.

“The League Board believes Matt is very much aligned with our collective values, culture, and shared vision for the organization. We are confident he will provide the strategic leadership, advocacy and innovative support necessary to advance Louisiana credit unions,” said Steve Webb, Vice Chair of the LCUL’s Board of Directors and President/CEO of Neighbors FCU in Baton Rouge. “Working together, we look forward to strengthening and expanding our footprint throughout Louisiana.”

Rookard earned a Bachelor of Science in Business Administration from Louisiana Tech University and is a graduate of University of Oklahoma’s Economic Development Institute (EDI). Professional accolades include establishing the Bayou Business Recovery Grant Program, a $500,000 grant fund for small businesses in Terrebonne Parish, and the creation of the Bayou Business Community Housing initiative which donated 45 travel trailers to families in south Louisiana after Hurricane Ida. His accomplishments have resulted in 44 announced projects representing $3.4 billion in capital investments and over 10,000 direct jobs.

Read More Here

 


Story Archive
Click here to take a look at the stories that have been collected over the years in Louisiana.

What’s new in your state?
Click here to submit your state-chartered credit union news stories to NASCUS today!