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Cusa Credit Union

Overview
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Cusa Credit Union is a federal credit union based in Covington, Louisiana. It has been opened since 1955, for 65 years.

With around $32,230,000 in assets, Cusa Credit Union is considered to be an average size credit union.

About
Address 100 Northpark Boulevard
Covington, Louisiana 70433
Website http://www.cusafcu.com
Phone (985) 809-0521
Fax (985) 809-0523
CEO Jeana P. Rodivich
President of the Board Robbie Severin
Services Offered
Map
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Score Card
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65 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
2,979 members
Membership type: Multiple common bond – primary other manufacturing
Average number of members
426:1
Credit union member to staff ratio
426 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$32,231,535
Total assets
Average size
2 branches
Compared with an average of 4 nationally and 2 in Louisiana
Above average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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2 branches
Compared with an average of 4 nationally and 2 in Louisiana
Above average number of branches
Cusa Credit Union Branch Locations

Cusa Credit Union: Covington Main Office
100 Northpark Boulevard
Covington, Louisiana 70433
No ATM
Cusa Credit Union: Lafayette Branch/Operations Center
200 Beaullieu Drive
Building 9A
Lafayette, Louisiana 70508
No ATM
Members
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2,979 members
Membership type: Multiple common bond – primary other manufacturing
Average number of members

With 2,979 members, the Cusa Credit Union is considered to be a medium size credit union. It is larger than 45% of credit unions.

Fees
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$23
Average fee per member
The average fee per member at the Cusa Credit Union is $23, which is low compared to most credit unions. This rate is lower than 71% of all credit unions.
Fees are lower than 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 Cusa Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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426:1
Credit union member to staff ratio
426 per each FTE employee
Compared to 411:1 nationally
Fewer staff
7 staff members
FTE (full-time equivalent)
0% of employees are part-time
7 full-time, 0 part-time

Cusa Credit Union has 7 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Cusa Credit Union has around 426 members per staff, a higher ratio compared to other credit unions.

Assets
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$32,231,535
Total assets
Average size
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.
12.4%
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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$14,390
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 77% of credit unions.

Cusa Credit Union holds a total of $26,920,000 in loans and leases, which is about $14,390 per member on average.

Savings interest rate
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0.25%
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. Cusa Credit Union pays 0.25%.

Loan rates
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9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
9.90%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.75%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.75%
New car loan rate
Compared to 4.0% nationally
3.00%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.70%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
3.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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