West Monroe Federal Credit Union

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A short history of West Monroe FCU

Since its inception in 1976 the West Monroe Federal Credit Union has been serving its members in the WEST MONROE, 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 Erik Pearson, the West Monroe FCU has grown its membership to over 496 with assets of more than $4,916,859. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (318) 387-2896 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in WEST MONROE, LA.

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

Charter Number 22527
Address 2305 NORTH 7TH STREET 
City WEST MONROE 
State Louisiana 
Zip-Code 71291
Phone Number (318) 387-2896
Fax Number (318) 322-5155
Email Address: none
CEO/President Erik Pearson
Members 496 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 4,916,859 
Website  

Compare West Monroe Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Monroe Telco CU Monroe Telco FCU-Main Office 4705 Cypress St 71211 (318) 397-4243 No 3.87
Centric CU Ruston Centric Center 1514 Eagle Drive 71270 (318) 251-9770 No 5.68
Ouachita Valley CU Ouachita Valley FCU 3170 Sterlington Rd 71203 (318) 807-1602 No 5.98
Federal Employees CU MAIN OFFICE 416 SHERIDAN AVE 71211 (318) 387-3215 No 6.95
Louisiana Machinery Employees CU Louisiana Machinery Employees Federal Credit Union 2414 Ferrand St Ste 4 71201 (318) 342-9722 No 9.06

West Monroe Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


West Monroe 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 8.90 6.00 6.75 7.00 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 151 487 522 438 N/A
Rank Among All Louisiana Credit Unions 17 87 75 65 N/A

West Monroe Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.30 N/A 1.65 N/A
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 88 N/A 73 N/A
Rank Among All Louisiana Credit Unions N/A 27 N/A 5 N/A
West Monroe Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.90051132,382
All Other Unsecured Loans/Lines of Credit 18.000114292,076
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 6.00028516,935
Used Vehicle Loans 6.75081872,779
Total 1st Mortgage Real Estate Loans/Lines of Credit 7.00011409,304
Total Other Real Estate Loans/Lines of Credit 0.00000
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.00044503,376
TOTAL LOANS & LEASES 3292,726,852

West Monroe 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 0000
    b. 15 Years or less 11409,3044214,089
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 11409,3044214,089

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

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