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State Agencies Credit Union

Overview
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State Agencies Credit Union is a federal credit union based in Shreveport, Louisiana. It has been opened since 1952, for 68 years.

With around $9,910,000 in assets, State Agencies Credit Union is considered to be a medium size credit union.

About
Address 1525 Fairfield Avenue Suite 672
Shreveport, Louisiana 71101
Website http://WWW.STATEAGENCIESFCU.COM
Phone (318) 676-5113
Fax (318) 676-5116
CEO William H. Tuttle
President of the Board Raye Boyd
Services Offered
Map
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Score Card
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68 years
Years in business
Opened in 1952
Well Capitalized
Net worth classification
Source: NCUA
888 members
Membership type: Multiple common bond – primary federal, state, local government
Below average number of members
444:1
Credit union member to staff ratio
444 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$9,908,167
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 2 in Louisiana
Average number of branches
0.55%
Savings interest rate
Compared to 0.3% nationally
12.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 2 in Louisiana
Average number of branches
State Agencies Credit Union Branch Locations

State Agencies Federal Credit Union
1525 Fairfield Avenue
Suite 672
Shreveport, Louisiana 71101
No ATM
Members
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888 members
Membership type: Multiple common bond – primary federal, state, local government
Below average number of members

With 888 members, the State Agencies Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 82% of credit unions.

Fees
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$61
Average fee per member
The average fee per member at the State Agencies Credit Union is $61, which is high compared to most credit unions. This rate is higher than 60% of all credit unions.
Fees are higher 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 State Agencies Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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444:1
Credit union member to staff ratio
444 per each FTE employee
Compared to 411:1 nationally
Fewer staff
2 staff members
FTE (full-time equivalent)
0% of employees are part-time
2 full-time, 0 part-time

State Agencies 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. State Agencies Credit Union has around 444 members per staff, a higher ratio compared to other credit unions.

Assets
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$9,908,167
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.
25.6%
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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$9,413
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 44% of credit unions.

State Agencies Credit Union holds a total of $4,340,000 in loans and leases, which is about $9,413 per member on average.

Savings interest rate
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0.55%
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. State Agencies Credit Union pays 0.55%.

Loan rates
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12.00%
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
9.90%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.50%
New car loan rate
Compared to 4.0% nationally
4.75%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally