About Credit Unions
Credit unions are
In Louisiana, nearly 900,000 citizens belong to one of nearly 300
credit unions. That's about 1 of every 3 adults in our state.
All credit unions offer loans and savings accounts, and many provide
access to checking accounts, ATM/debit cards, and many other financial
services. Credit unions don't have customers...all members cooperatively
own the credit union. The institution is operated by a member-elected
volunteer Board of Directors. Unlike banks and thrifts, credit
unions pay their directors no compensation.
Credit unions generally offer better rates and lower fees. Because
of their cooperative form of ownership, credit unions of all sizes
are exempt from taxation.
You can find out more about credit unions by visiting the Credit
Union National Association or other credit
union links. You may also call the Louisiana Credit
Union League at (800) 452-7221.
Looking for a credit union near you? Click the link below to use
our member credit union finder map: