Section 705 Federal Credit Union

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A short history of Section 705 FCU

Since its inception in 1968 the Section 705 Federal Credit Union has been serving its members in the Lafayette, Louisiana area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Anna Trahan, the Section 705 FCU has grown its membership to over 3,513 with assets of more than $33,239,113. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (337) 232-8450 or email them at justin.mesh@harlandfs.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Lafayette, LA.

General Information For Section 705 FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 18749
Address 1455 W Willow St 
City Lafayette 
State Louisiana 
Zip-Code 70506
Phone Number (337) 232-8450
Fax Number (337) 232-2786
Email Address: justin.mesh@harlandfs.com
CEO/President Anna Trahan
Members 3,513 
Full-Time Employees 10 
Part-Time Employees
Number of Branch Offices
Total Assets 33,239,113 
Website http://www.section705fcu.org 

Compare Section 705 Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Lafayette Schools' CU Lafayette Schools' FCU Iberia Branch 1101 Parkview Dr 70563 (337) 335-1100 No 0.77
Maple CU Main 105 Toledo Dr 70596 (337) 233-6264 No 3.09
St. Jules CU Main Office of St Jules C U 1600 N Bertrand Dr 70506 (337) 261-1151 No 3.20
Acadian CU Acadian Federal Credit Union 102 Sunbeam Ln 70506 (337) 233-6744 No 3.32
Acadiana Medical CU Acadiana Medical Federal Cerdit Union 702 Saint Landry St 70506 (337) 289-2740 No 3.40

Section 705 Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Section 705 Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 7.90 3.65 5.03 4.23 N/A
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 85 228 327 172 N/A
Rank Among All Louisiana Credit Unions 10 41 44 20 N/A

Section 705 Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.15 0.33 0.61 0.35
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 119 92 239 250
Rank Among All Louisiana Credit Unions N/A 37 10 40 35
Section 705 Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 7.9008481,720,495
All Other Unsecured Loans/Lines of Credit 10.5204652,504,211
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.6502465,588,069
Used Vehicle Loans 5.0302784,235,819
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.230975,807,977
Total Other Real Estate Loans/Lines of Credit 0.00000
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.8801472,788,419
TOTAL LOANS & LEASES 2,08122,644,990

Section 705 Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 321,687,57600
    b. 15 Years or less 654,120,4015280,815
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 975,807,9775280,815

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Section 705 Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes