Section 705 Credit Union

About Section 705 Credit Union

Section 705 Credit Union Location

1455 West Willow Street
Lafayette, LA 70506

Phone: (337) 232-8450
Website: www.section705fcu.org
Routing/Transit Number: Not Available

Section 705 Credit Union Information

Section 705 Credit Union of Lafayette, 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 3949 members and assets of $28,045,423, as compared to the national average of $93 million dollars of assets per credit union. Section 705 Credit Union, first opened in 1968 and has been in operation since then. Additionally, Section 705 Credit Union has 8 full time employees and 1 part time employees, or 438.777777778 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 Section 705 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. Section 705 Credit Union is a not-for-profit, cooperative, tax-exempt organization.