Question 1

What is St. Tammany Federal Credit Union (St. Tammany FCU)?

Accepted Answer

St. Tammany Federal Credit Union (St. Tammany FCU) is a community-chartered federal credit union based in Slidell, Louisiana. With approximately $44.8 million in total assets and serving over 7,000 members, the credit union provides a full range of financial services to residents of the St. Tammany Parish area. As a member-owned cooperative financial institution, St. Tammany FCU operates on a not-for-profit basis, returning value to its members through competitive rates, lower fees, and personalized service.

The credit union maintains a strong capital position with a net worth ratio of 14%, classifying it as well-capitalized under NCUA standards.

Question 2

When was St. Tammany Federal Credit Union (St. Tammany FCU) founded?

Accepted Answer

St. Tammany Federal Credit Union was chartered in 1957. The credit union was established to serve the financial needs of the local community in St. Tammany Parish, Louisiana, providing an alternative to traditional banking with a member-focused, cooperative approach.

For nearly seven decades, the credit union has maintained its commitment to serving the community and helping members achieve their financial goals.

Question 3

Where is St. Tammany Federal Credit Union (St. Tammany FCU) headquartered?

Accepted Answer

St. Tammany Federal Credit Union is headquartered at 550 Pontchartrain Drive in Slidell, Louisiana.

Question 4

Where does St. Tammany Federal Credit Union (St. Tammany FCU) operate?

Accepted Answer

St. Tammany Federal Credit Union operates in the St. Tammany Parish area of southeastern Louisiana, with its primary location in Slidell. As a community credit union, membership is available to individuals who live, work, worship, or attend school in the credit union's designated service area, as well as their immediate family members.

The credit union has a potential membership base of approximately 15,000 individuals in its field of membership.

Question 5

What services does St. Tammany Federal Credit Union (St. Tammany FCU) offer?

Accepted Answer

St. Tammany Federal Credit Union offers a comprehensive suite of financial products and services, including:

Deposit Accounts: Share (savings) accounts, checking accounts, and specialized savings options to help members build their financial security.

Lending Services: Auto loans (both new and used vehicles), personal loans, and various consumer lending products. The credit union maintains an active loan portfolio of approximately $33.4 million across 5,730 loans.

Digital Banking: STFCU Mobile Banking app (MySTFCU Access) provides 24/7 account access, allowing members to check balances, view transaction history, transfer funds, pay bills, deposit checks remotely, and manage their accounts from anywhere. The mobile banking service is available to all members enrolled in internet banking and uses industry-standard security technologies.

Payment Services: VISA debit cards and bill pay services for convenient transaction management.

Online Banking: Internet banking platform with secure login access for account management and financial transactions.

The credit union focuses on providing accessible, member-friendly financial services with competitive rates and personalized attention.

Question 6

What makes St. Tammany Federal Credit Union (St. Tammany FCU) unique?

Accepted Answer

St. Tammany Federal Credit Union distinguishes itself through its deep community roots and commitment to personalized service in the St. Tammany Parish area. With a team of 19 full-time employees, the credit union provides individualized attention to its member base, fostering close relationships and understanding local financial needs.

The credit union's loan-to-share ratio of 84.89% demonstrates its strong commitment to lending back to the community, putting member deposits to work helping other members achieve their goals. As a Low-Income Designated credit union by the NCUA, St. Tammany FCU serves an important role in providing financial services to underserved populations in its community.

Its longevity of nearly 70 years of service reflects the credit union's stability and enduring commitment to the Slidell area and broader St. Tammany Parish community.

Question 7

What type of financial institution is St. Tammany Federal Credit Union (St. Tammany FCU)?

Accepted Answer

St. Tammany Federal Credit Union is a federally chartered credit union, operating under the supervision and regulation of the National Credit Union Administration (NCUA). Federal credit unions are member-owned cooperative financial institutions that operate on a not-for-profit basis.

As a community credit union, St. Tammany FCU offers membership to individuals who live, work, worship, or attend school within its defined geographic service area in St. Tammany Parish, Louisiana. Immediate family members of existing members are also eligible to join.

The cooperative structure means that members are also owners, and any surplus earnings are returned to members through competitive dividend rates on savings, lower interest rates on loans, and minimal fees rather than being distributed to outside shareholders.

St. Tammany Federal Credit Union (St. Tammany FCU)

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About St. Tammany Federal Credit Union (St. Tammany FCU) in the United States