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Bayou Credit Union

Overview
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Bayou Credit Union is a federal credit union based in Baton Rouge, Louisiana. It has been opened since 1954, for 66 years.

With around $70,730,000 in assets, Bayou Credit Union is considered to be a large credit union. It has 6 branches and 7 ATM locations.

About
Address 5880 Florida Boulevard
Baton Rouge, Louisiana 70806
Website http://www.bayoufcu.org
Phone (225) 925-8800
Fax (225) 924-1025
CEO Rhonda S. Linzy
President of the Board George Munn
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
8,988 members
Membership type: Multiple common bond – primary health care
Above average number of members
374:1
Credit union member to staff ratio
374 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$70,728,558
Total assets
Above average
6 branches
Compared with an average of 4 nationally and 2 in Louisiana
Above average number of branches
0.07%
Savings interest rate
Compared to 0.3% nationally
12.25%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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6 branches
Compared with an average of 4 nationally and 2 in Louisiana
Above average number of branches
Bayou Credit Union Branch Locations

Bayou Credit Union: Main Office
5880 Florida Boulevard
Baton Rouge, Louisiana 70806
ATM Available
Bayou Credit Union: Lafayette Branch
505 Guilbeau Road
Lafayette, Louisiana 70506
ATM Available
Bayou Credit Union: Summa Branch
8601 Summa Avenue
Baton Rouge, Louisiana 70809
ATM Available
Bayou Credit Union: Womans Hospital Branch
100 Womans Way
Baton Rouge, Louisiana 70817
ATM Available
Bayou Credit Union: Blue Cross Branch
5525 Reitz Avenue
Baton Rouge, Louisiana 70809
ATM Available
Members
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8,988 members
Membership type: Multiple common bond – primary health care
Above average number of members

With 8,988 members, the Bayou Credit Union is considered to be a large credit union. It is larger than 68% of credit unions.

Fees
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$50
Average fee per member
The average fee per member at the Bayou Credit Union is $50, which is comparable to most credit unions. This rate is lower than 49% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Bayou Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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374:1
Credit union member to staff ratio
374 per each FTE employee
Compared to 411:1 nationally
Average number of staff
24 staff members
FTE (full-time equivalent)
8% of employees are part-time
23 full-time, 2 part-time

Bayou Credit Union has 23 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 92% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Bayou Credit Union has around 374 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$70,728,558
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
14.3%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$16,871
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 86% of credit unions.

Bayou Credit Union holds a total of $48,640,000 in loans and leases, which is about $16,871 per member on average.

Savings interest rate
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0.07%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Bayou Credit Union pays 0.07%.

Loan rates
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12.25%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
12.36%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.77%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.35%
New car loan rate
Compared to 4.0% nationally
4.41%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.68%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.45%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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