Meritus Federal Credit Union
Headquarters
515 Guilbeau Rd
Lafayette, LA 70506
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2024 Overview
General Credit Union Information
Meritus is an NCUA insured institution located in Lafayette, LA. It was founded in 1954 and has approximately $239.56 millions in assets.
Who can join?
Employees of Lafayette, Acadia, or Iberia Parish School System (full time, part time and substitutes), City of Crowley, and Acadia Parish Council on Aging are eligible for membership.
Membership is also offered to students of Acadiana High School (Lafayette Parish) and Broadmoor Elementary School (Lafayette Parish).
Additionally, family members of existing members can join. A family member is defined as spouse, children, siblings, parents, grandparents, grandchildren, stepparents, stepchildren, stepsiblings, and adoptive relationships
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 9643 |
| Date Established | 1954 |
| Assets | $239.56 million |
| Loans | $157.38 million |
| Deposits | $206.32 million |
| Capital | $31.86 million |
Field of Membership Restrictions
Membership is open to those who live, work, worship or attend school in Acadia, Iberia, Lafayette, St. Martin, and Vermilion Parishes and immediate family of existing members.
Deposit Rates - November 17, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.15% | $2,500 | $2,999 |
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|
|
Money Market
|
0.15% | $10,000 | $14,999 |
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|
|
Money Market
|
0.25% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.02% | $2,500 | $3,499 | Learn More |
Loan Rates - November 17, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Meritus
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: 1025894 |
6.868% | 6.750% | 1.00 | $3,884 | $2,076 | Learn More |
NMLS ID: 1907 |
7.181% | 7.125% | 0.63 | $1,802 | $2,156 | Learn More |
NMLS ID: 3030 |
7.225% | 7.125% | 1.00 | $3,200 | $2,156 | Learn More |
NMLS ID: 1907 |
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 7.490 % After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to Meritus
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Branches
Below are Meritus 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
Meritus Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 828.42 | A | View Lobby Hours | |
| 828.70 | B | View Lobby Hours | |
| 831.40 | C | View Lobby Hours | |
| 836.14 | D | View Lobby Hours |
Climate Policy and Initiatives
MERITUS 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
Meritus Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Meritus. 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
| Meritus | U.S. Average |
|---|---|
| 5.96% | 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, Meritus had $1,895,932 in non-current loans and $64,743 in owned assets. To cover these potential losses it had $31,856,477 in net worth and $1,038,335 in loans loss reserves. That gives it a Texas Ratio of 5.96%.
Net Worth
| Meritus | U.S. Average |
|---|---|
| 13.3% | 13.93% |
Meritus FCU has a net worth of 13.3% 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 Meritus
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