Louisiana Machinery Employees Credit Union

About Louisiana Machinery Employees Credit Union

Louisiana Machinery Employees Credit Union Location

P.O. Box 13058
Monroe, LA 71213

Phone: (318) 342-9722
Website:
Routing/Transit Number: Not Available

Louisiana Machinery Employees Credit Union Information

Louisiana Machinery Employees Credit Union of Monroe, LA is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 768 members and assets of $4,119,446, as compared to the national average of $93 million dollars of assets per credit union. Louisiana Machinery Employees Credit Union, first opened in 1961 and has been in operation since then. Additionally, Louisiana Machinery Employees Credit Union has 2 full time employees and 0 part time employees, or 384 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Louisiana Machinery Employees Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Louisiana Machinery Employees Credit Union is a not-for-profit, cooperative, tax-exempt organization.