How to Join

All U.S. credit unions, regardless of geographic location or League affiliation, are eligible to become members of Louisiana Corporate Credit Union.  Individuals should click here for information on joining a credit union.

LOUISIANA CORPORATE'S HISTORY

Louisiana Corporate dates from 1984, when credit unions working with the Louisiana Credit Union League formed the state-chartered organization.  In 1995, the League and Corporate separated their management structures due to upcoming NCUA regulations (NCUA reg. 704).  The Corporate is professionally managed by a nine-member credit union-elected board of directors.

The Corportate is federally-insured and is regulated annually by the Louisiana Office of Financial Institutions in coordination with NCUA.  Annual CPA audits and quarterly supervisory audits are also performed.

JOINING LOUISIANA CORPORATE

Credit unions may join Louisiana Corporate either as a full member or as a affiliate member.  Full members must invest one-half of one percent of the credit union's assets in a Perpetual Contributed Capital Account (PCC), which is interest-bearing.  Full members may vote on Corporate issues, receive additional benefits, and may use Louisiana Corporate's correspondence programs.