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About Louisiana USA Louisiana USA was established in 1936 as Ethyl Corporation Credit Union. We exist solely for our members and their interests. We are about having a solid and secure institution as a base for the promotion of our members' financial needs. Our members are the owners of the credit union. Through the Board of Directors and Supervisory Committee, they control its products, services and operations. Members' deposits are insured by the National Credit Union Share Insurance Fund (NCUSIF), the absolute strongest of the three federal insurance programs. The National Credit Union Administration (NCUA) is the federal agency that regulates federal credit unions. Their examiners audit our operations, internal controls, financial statements and data each year and report their findings to the Board of Directors. A rating is given each credit union. Over the past several years, LAUSA has received the Top Rating possible. Given the fact that a small percentage of credit unions achieve this, one can readily ascertain that our credit union is on solid and secure footing. Most assuredly, its members have a safe harbor in which to execute their financial undertakings. Since 1936, our credit union has methodically grown to over 40 Million Dollars in Total Assets with over 5 Million Dollars in Reserve. Along with this growth, we have expanded our menu of products and services to a level that affords our members a full array of financial alternatives. LAUSA can and should be its members’ primary financial institution. |
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Our Mission The mission of Louisiana USA Federal Credit Union is to have a highly competent, member motivated, employee team to promote thrift and provide a safe, convenient harbor in which to save and from which credit may be obtained at reasonable rates and in clear, understandable terms for all who share in the ownership of the credit union. Having promoted and provided such an environment, each member would most significantly benefit by using the credit union as their primary financial institution. |
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How is a Credit Union better than a Bank? Unlike banks, credit unions are not-for-profit financial organizations designed for the benefit of their member-owners. Earnings generated from credit union activities are returned to the member-owners in the form of lower loan rates and fees, and higher rates on deposits. |
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Current LaUSA FCU Financial Information (as of 06/30/08) Total Assets - $45,719,101 Total Shares - $38,705,229 Total Loans - $26,963,583 |
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