705 Federal Credit Union
Headquarters
1455 W Willow St
Lafayette, LA 70506
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2024 Overview
General Credit Union Information
705 is an NCUA insured institution located in Lafayette, LA. It was founded in 1968 and has approximately $45.61 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 18749 |
| Date Established | 1968 |
| Assets | $45.61 million |
| Loans | $32.69 million |
| Deposits | $41.95 million |
| Capital | $3.91 million |
Field of Membership Restrictions
Membership is open to employees of Section 705 Security, U.S. Postal Service,Republic National Distributing Inc, Natural Resources Conservation Services, Iberia Clerk of Court, U.S. Department of Agriculture, U.S. Fish and Wildlife Service, City of Carencro, U.S. Department of General Services Administration, Federal Aviation Agency, U.S. District Court, U.S. Marshall’s Office, U.S. Department of the Interior, Federal Bureau of Investigation, U.S. Congressman’s Office, Jenkins Medical Clinic and other select organizations located in Layfayette, Louisiana.
Deposit Rates - November 18, 2024
Your Current Location: Ohio, OH 43085
We do not yet have rates for 705
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Loan Rates - November 18, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for 705
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 2578474 |
6.596% | 6.500% | 0.63 | $3,210 | $2,023 | Learn More |
NMLS ID: 1025894 |
6.868% | 6.750% | 1.00 | $3,884 | $2,076 | Learn More |
NMLS ID: 3030 |
7.225% | 7.125% | 1.00 | $3,200 | $2,156 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.240 % After Intro: 7.240 % |
$0 |
Learn More
More Info |
Achieve Loans See Table |
Intro APR 9.250 % After Intro: 9.250 % |
$0 |
Learn More
More Info |
Note to 705
To upload and update your bank's rates please register.
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Branches
Below are 705 branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
705 is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
705 Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of 705. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| 705 | U.S. Average |
|---|---|
| 19.07% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, 705 had $575,888 in non-current loans and $181,691 in owned assets. To cover these potential losses it had $3,911,641 in net worth and $60,730 in loans loss reserves. That gives it a Texas Ratio of 19.07%.
Net Worth
| 705 | U.S. Average |
|---|---|
| 8.56% | 13.93% |
705 FCU has a net worth of 8.56% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for 705
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