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Electrical Workers Local 130 Credit Union

Overview
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Electrical Workers Local 130 Credit Union is a federal credit union based in Metairie, Louisiana. It has been opened since 1955, for 65 years.

With around $4,790,000 in assets, Electrical Workers Local 130 Credit Union is considered to be a small credit union.

About
Address 3200 Ridgelake Drive Suite 304
Metairie, Louisiana 70002
Website http://ibewlu130.com/credit-union/
Phone (504) 831-1307
Fax (504) 834-3961
CEO Tina A. Venturella
President of the Board Jeffrey Johnson
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
1,279 members
Membership type: Multiple common bond – primary communications and utilities
Below average number of members
640:1
Credit union member to staff ratio
640 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$4,791,332
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 2 in Louisiana
Average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 2 in Louisiana
Average number of branches
Electrical Workers Local 130 Credit Union Branch Locations

Electrical Workers Local 130 Credit Union: Main Office
3200 Ridgelake Drive Suite 304
Metairie, Louisiana 70002
No ATM
Members
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1,279 members
Membership type: Multiple common bond – primary communications and utilities
Below average number of members

With 1,279 members, the Electrical Workers Local 130 Credit Union is considered to be a small credit union. It is smaller than 76% of credit unions.

Fees
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$20
Average fee per member
The average fee per member at the Electrical Workers Local 130 Credit Union is $20, which is low compared to most credit unions. This rate is lower than 73% 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 Electrical Workers Local 130 Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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640:1
Credit union member to staff ratio
640 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
2 staff members
FTE (full-time equivalent)
0% of employees are part-time
2 full-time, 0 part-time

Electrical Workers Local 130 Credit Union has 2 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. Electrical Workers Local 130 Credit Union has around 640 members per staff, a high ratio compared to other credit unions.

Assets
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$4,791,332
Total assets
Below 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.
10.2%
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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$8,185
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 68% of credit unions.

Electrical Workers Local 130 Credit Union holds a total of $2,400,000 in loans and leases, which is about $8,185 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. Electrical Workers Local 130 Credit Union pays 0.25%.

Loan rates
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10.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.50%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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7.00%
New car loan rate
Compared to 4.0% nationally
10.00%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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7.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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