Data Source: NCUA, December 31, 2016
Essential Federal Credit Union was founded in 1972. Headquartered in Plaquemine, Louisiana, Essential 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). Essential 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 December 31, 2016, Essential Federal Credit Union services 30,448 members through its 6 offices and branches and 115 full-time employees. It has $337,224,320 of total assets and $25,326,334 of net worth. Based on its asset size and net worth ratio, Essential Federal Credit Union is classified as a Well Capitalized medium large credit union.
Essential 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. Essential Federal Credit Union also provides an array of services to its members and local communities. Essential Federal Credit Union plans to extend its services by adding more branches or service centers in the next 12 month. To find out more, please go to the Services page.
The following two tables list the deplitory and loan interest rates of Essential 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 (%)
Major Loan Accounts and Interest Rates (%)
Essential 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, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Essential Federal Credit Union.
Electronic Banking Service Offerings
As a community financial institution, Essential Federal Credit Union actively involves in local communities by prliding services such as financial counseling, financial education, financial literacy workshops.
Community and other Service Offerings
10513 Sullivan Rd
Baton Rouge, LA 70818-4134
1051 N Airline Hwy
Gonzales, LA 70737
New Roads Frc
2312 False River Dr Ste A
New Roads, LA 70760-2508
21925 Highway 1
Plaquemine, LA 70764-5132
6725 Siegen Ln Suite K
Baton Rouge, LA 70809
28645 Walker Rd S
Walker, LA 70785-6032