All U.S. credit unions, regardless of geographic
location or League affiliation, are eligible to become members
of Louisiana Corporate Credit Union. Individuals should
for information on joining
a credit union.
Louisiana Corporate dates from 1984, when credit
unions working with the Louisiana Credit Union League formed
the state-chartered organization. In 1995, the League
and Corporate separated their management structures due to upcoming
NCUA regulations (NCUA reg. 704). The Corporate is professionally
managed by a nine-member credit union-elected board of directors.
The Corportate is federally-insured and is regulated
annually by the Louisiana Office of Financial Institutions in
coordination with NCUA. Annual CPA audits and quarterly
supervisory audits are also performed.
Credit unions may join Louisiana Corporate either as a full
member or as a affiliate member. Full members must invest
one-half of one percent of the credit union's
assets in a Membership Capital Acount (MCA) account, which
is interest-bearing. Full members may vote on Corporate
issues, receive additional benefits, and may use Louisiana
Corporate's correspondence programs. Affiliate members
are those without MCA accounts. They may take advantage
of many Louisiana Corporate investment services.
For more information or a membership packet,
email to firstname.lastname@example.org, or call us at (800) 421-7030.