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Employees of Ethyl Corporation established the Ethyl Corporation Credit Union in the late 1930’s. Membership was extended to other employee groups in 1981, and by 1996 more than 350 Select Employee Groups (SEGs) joined. The credit union changed its name to Louisiana USA Federal Credit Union to reflect this newly found diversity.

After 80 years Louisiana USA is financially sound, well capitalized, and truly committed to providing a full range of financial products and services.

Member deposits are insured by the National Credit Union Share Insurance Fund up to $250,000. Accounts can be structured to allow an aggregate of $1,250,000 in deposits to be insured per member.

A member-elected Board of Directors serves voluntarily in two-year terms. With a board-appointed Supervisory Committee, they provide oversight to management and staff. They meet monthly to review a wide range of financial transactions and results, as well as, annually to strategically plan future programs, financial budgets, and proposed capital expenditures.

As a non-profit corporation that is well-capitalized, Louisiana USA strives to absorb product and service costs for its members and give the most competitive rates for both loans and deposits.

Louisiana USA is family-focused on helping fellow family members; this is why it was established in 1939 and why it remains intact for its members today.

A place for people, not profits.

1909

The Start of Something Great

The first credit union was established in New Hampshire.

 

1934

The Federal Credit Union Act

Federal Credit Union Act was enacted, authorizing states to charter Federal Credit Unions

1939

Ethyl Corporation

Employees of Ethyl Corporation established the Ethyl Corporation Credit Union.

1970

Credit Union Regulation

NCUA was created, an agency strictly in charge of regulating credit unions. The credit union’s version of the FDIC was also created called the NCUSIF.

1975

Spreading Success

Credit Union assets tripled across the country.

1980

Opening the Door

Credit Unions were authorized to open their charters to gain new groups.

1980

Becoming Louisiana USA

Changed our name to Louisiana USA.  Membership was extended to other employee groups.  By the mid-1990s, we had more than 350 employer groups join Louisiana USA.

1991

New Leadership

James Foy appointed President/CEO, credit union was $25 million in assets.

1999

Sharing is Caring

Became a Co-Op Shared Branching outlet.

2009

Helping to Get You Home

Created our Mortgage Center, offering full service mortgage solutions.

2015

Two became one

Acquired Capital City Press FCU.

2019

Growing Together

Louisiana USA is $80 million in assets.

2020

A New Leader

James “Beaver” Foy retired as our CEO and president after 28 years. Adam Foy assumed the role after his departure.

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