Homeland Federal Credit Union

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Review based on 12 criteria Rating: 0 out of 5

200 Paris Ave, Metairie, LA 70005

Website

(504) 522-3974

Data Source: NCUA, June 30, 2016


Homeland Federal Credit Union was founded in 1975. Headquartered in Metairie, Louisiana, Homeland Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Homeland Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of June 30, 2016, Homeland Federal Credit Union services 1,714 members through its 2 offices and branches and 5 full-time employees. It has $14,888,105 of total assets and $1,816,749 of net worth. Based on its asset size and net worth ratio, Homeland Federal Credit Union is classified as a Well Capitalized medium small credit union.

Homeland Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Homeland Federal Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The chart below depicts the average compensation of Homeland Federal Credit Union compared to the medians of Louisiana and the entire nation (USA) over the years.

The following two tables list the deplitory and loan interest rates of Homeland Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Louisiana and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Louisiana
Median of USA
Checking
0.1000
0.0000
0.0000
Savings
0.1000
0.2000
0.1200
Money Market
0.0000
0.2600
0.2500
Certificate Deplit
0.1500
0.6500
0.5500
IRA
0.5000
0.6000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Louisiana
National Median Rates
Credit Cards
11.1600
9.9000
9.9900
Unsecured Line of Credits
8.5100
12.0000
10.9600
Short-term Small Amount
n/a
28.0000
25.0000
Student Loans
n/a
6.0000
6.0000
New Car Loans
4.5000
4.1000
3.3900
Used Car Loans
6.2500
6.0000
4.5000
1st Mortgage Real Estates
4.5000
5.0000
4.1500
Other Real Estates
5.5000
5.4300
4.7400

Homeland Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, and ATMs. The table below lists the electronic banking services prlided by Homeland Federal Credit Union.

Electronic Banking Service Offerings

Membership Application
No
No
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
No
New Share Account
No
Bill Payment
No
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
No
View Account History
Yes
No

As a community financial institution, Homeland Federal Credit Union actively involves in local communities by prliding services such as financial counseling, financial education.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
No
Free Bill Pay
No
Financial Education
Yes
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
No
Insurance/Investment Sales
No
First Time Homebuyer Program
No
Downtown
Main Office

423 Canal St Ste 439
New Orleans, LA 70130
Phone:504-522-3974

Metairie Office
200 Paris Ave
Metairie, LA 70005
Phone:504-835-3810

(504) 522-6463

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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