Question 1

What is GGW Credit Union of New Orleans?

Accepted Answer

GGW Credit Union of New Orleans is a small, community-focused federal credit union serving members in the New Orleans, Louisiana area. With approximately 136 members and $934,764 in total assets as of Q3 2025, GGW operates as a member-owned financial cooperative. The credit union is designated as a low-income credit union by the NCUA, reflecting its commitment to serving underserved communities in the Greater New Orleans region.

As a federally chartered institution regulated by the National Credit Union Administration (NCUA), GGW provides personalized financial services to its select membership base.

Question 2

When was GGW Credit Union of New Orleans founded?

Accepted Answer

[Information not publicly available]

Specific founding details for GGW Credit Union of New Orleans are not readily available in public records. However, the credit union operates under NCUA Charter Number 15588 and has been serving the New Orleans community as a federal credit union.

Question 3

Where is GGW Credit Union of New Orleans headquartered?

Accepted Answer

GGW Credit Union of New Orleans is headquartered at 2128 Jackson Ave in New Orleans, Louisiana 70113. This location places the credit union in the heart of New Orleans, enabling it to serve its local community effectively.

Question 4

Where does GGW Credit Union of New Orleans operate?

Accepted Answer

GGW Credit Union of New Orleans operates primarily in the New Orleans metropolitan area and surrounding parishes in Louisiana. As a small, community-based credit union, its membership is typically limited to individuals who meet specific eligibility requirements based on geographic location, employment, or community affiliations.

The credit union serves members within NCUA Region 2, which covers several southern states.

Question 5

What services does GGW Credit Union of New Orleans offer?

Accepted Answer

GGW Credit Union of New Orleans offers core financial services tailored to its membership, including:

Lending Services: The credit union provides auto loans and other consumer lending products. As of Q3 2025, the credit union held approximately $327,813 in total loans.

Savings Products: Members have access to share accounts (savings) and deposit products. The credit union manages approximately $686,056 in total deposits.

Member Services: As a credit union, GGW focuses on providing personalized service to its members with competitive rates and member-focused benefits.

The credit union does not maintain a public website, and members typically conduct business through direct contact with the institution at its New Orleans location.

Question 6

What makes GGW Credit Union of New Orleans unique?

Accepted Answer

Low-Income Designation: GGW Credit Union holds a low-income credit union designation from the NCUA, which allows it to access special programs and benefits designed to serve economically disadvantaged communities.

Community Focus: As a very small credit union with approximately 136 members, GGW offers an intimate, personalized banking experience where members know the staff and receive individualized attention.

Strong Loan Growth: Despite its small size, the credit union has demonstrated impressive loan growth of approximately 62.8% over the previous four quarters, indicating active lending to its community.

Financial Strength: With a net worth ratio of 26.6%, GGW maintains a strong capital position, well above regulatory minimums, providing security and stability for its members.

Question 7

What type of financial institution is GGW Credit Union of New Orleans?

Accepted Answer

GGW Credit Union of New Orleans is a Federal Credit Union chartered and regulated by the National Credit Union Administration (NCUA) under Charter Number 15588.

As a federal credit union, GGW operates as a not-for-profit financial cooperative owned by its members. Each member has an equal vote in the credit union's governance, regardless of their account balance. This cooperative structure allows the credit union to focus on serving member needs rather than generating profits for external shareholders.

Member deposits are federally insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), which is backed by the full faith and credit of the United States government, providing the same level of protection as FDIC insurance at banks.

Membership in GGW Credit Union is typically based on a common bond, which may include geographic location, employer affiliation, or membership in specific community organizations within the New Orleans area.

GGW Credit Union of New Orleans

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About GGW Credit Union of New Orleans in the United States