Essential Federal Credit Union

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A short history of Essential FCU

Since its inception in 1972 the Essential Federal Credit Union has been serving its members in the PLAQUEMINE, 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 Richard Williams, the Essential FCU has grown its membership to over 32,303 with assets of more than $338,362,194. They have a main office and 6 branch offices. Please see the credit unions website or contact them by phone at or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in PLAQUEMINE, LA.

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

Charter Number 20972
Address P O BOX 738
State Louisiana
Zip-Code 70765
Phone Number
Fax Number
Email Address:
CEO/President Richard Williams
Members 32,303
Full-Time Employees 110
Part-Time Employees 2
Number of Branch Offices 6
Total Assets 338,362,194

Compare Essential Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Iberville CU Iberville Federal Credit Union 57920 Fort St 70765 No 0.30
Bayou Community CU Bayou Community FCU - Syngenta Branch 3905 Highway 75 70776 No 9.28
Campus CU OLOL Branch 7777 Hennessy Blvd 70898 No 10.43
Lawilifie CU Lawilifie Credit Union 4637 Jamestown Ave 70808 No 10.80
Neighbors CU Walker 12646 Burgess Ave 70821 No 10.88

Essential Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Essential 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 11.99 3.40 4.14 4.11 5.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All 410 197 218 156 289
Rank Among All Louisiana Credit Unions 45 31 26 14 28

Essential Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.30 0.10 0.20 1.15 0.65
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All 89 129 114 143 205
Rank Among All Louisiana Credit Unions 8 41 14 14 26
Essential Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 11.9906,22414,025,107
All Other Unsecured Loans/Lines of Credit 9.6002,5218,691,559
Short-Term, Small Amount Loans (STS) (Federal CU Only) 28.000235100,938
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.4001,83247,616,038
Used Vehicle Loans 4.1403,02747,902,309
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.11043847,957,931
Total Other Real Estate Loans/Lines of Credit 5.5003199,082,056
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 8.1506,113116,870,164
TOTAL LOANS & LEASES 20,709292,246,102

Essential Federal Credit Union Real Estate Loans and Lines of Credit


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 10819,244,8972506,825
b. 15 Years or less 423,802,5958319,920
a. > 15 years 21720,666,00900
b. 15 Years or less 714,244,43000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 622,542,6724280,900
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 2434,256,65200
Open-End Fixed Rate 142,282,73262,108,900
TOTALS 75757,039,987203,216,545


Interest Only & Payment Option 1st Mortgage Loans 142,282,7322,108,900
Interest Only & Payment Option Other RE/LOC Loans 000
a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
b. Proprietary Reverse Mortgage Products 0000

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

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