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Union Credit Union

Overview
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Union Credit Union is a federal credit union based in Farmerville, Louisiana. It has been opened since 1951, for 69 years.

With around $780,000 in assets, Union Credit Union is considered to be a small credit union.

About
Address Po Box 603
Farmerville, Louisiana 71241
Phone (318) 368-8175
Fax (318) 368-8179
CEO Sonja Page
President of the Board Marcus Watley
Services Offered
Map
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Score Card
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69 years
Years in business
Opened in 1951
Well Capitalized
Net worth classification
Source: NCUA
646 members
Membership type: Multiple common bond – other
Below average number of members
1,292:1
Credit union member to staff ratio
1,292 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$783,654
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 2 in Louisiana
Average number of branches
0.08%
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
Union Credit Union Branch Locations

Union Federal Credit Union
802 Martin Luther King Drive
Farmerville, Louisiana 71241
No ATM
Members
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646 members
Membership type: Multiple common bond – other
Below average number of members

With 646 members, the Union Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 87% of credit unions.

Fees
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$2
Average fee per member
The average fee per member at the Union Credit Union is $2, which is very low compared to most credit unions. This rate is lower than 92% 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 Union Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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1,292:1
Credit union member to staff ratio
1,292 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
0 staff members
FTE (full-time equivalent)
100% of employees are part-time
0 full-time, 1 part-time

Union Credit Union has 0 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of part-time staff, at approximately 100% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Union Credit Union has around 1,292 members per staff, a high ratio compared to other credit unions.

Assets
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$783,654
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.
34.0%
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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$3,682
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 95% of credit unions.

Union Credit Union holds a total of $390,000 in loans and leases, which is about $3,682 per member on average.

Savings interest rate
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0.08%
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. Union Credit Union pays 0.08%.

Loan rates
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10.00%
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
8.00%
Used car loan rate
Compared to 5.2% nationally