Question 1

What is PHI Federal Credit Union?

Accepted Answer

PHI Federal Credit Union is a small, federally chartered credit union based in Lafayette, Louisiana. With approximately 861 members and $5 million in total assets as of Q3 2025, PHI Federal Credit Union serves a specialized membership base.

The credit union operates with a focus on providing personalized financial services to its member community. As a low-income designated credit union, PHI Federal Credit Union plays an important role in serving underserved communities in the Lafayette area.

Question 2

When was PHI Federal Credit Union founded?

Accepted Answer

PHI Federal Credit Union was founded in 1974 by a group of PHI employees who gathered during their daily coffee breaks. During one of these informal meetings, the conversation turned to credit unions and the benefits they could provide to fellow employees.

Inspired by the possibilities, these employees reached out to representatives from established credit unions who generously met with them after work hours to share knowledge and guidance. This grassroots effort led to the formation of PHI Federal Credit Union, which was established to serve the financial needs of PHI employees and their families.

The credit union received federal charter number 21879 and has been operating under NCUA supervision since its inception.

Question 3

Where is PHI Federal Credit Union headquartered?

Accepted Answer

PHI Federal Credit Union is headquartered in Lafayette, Louisiana. The credit union's mailing address is P.O. Box 82405, Lafayette, LA 70598.

Lafayette serves as the commercial and cultural hub of Acadiana, providing a strategic location for the credit union to serve its membership base in southern Louisiana.

Question 4

Where does PHI Federal Credit Union operate?

Accepted Answer

PHI Federal Credit Union operates primarily in the Lafayette, Louisiana area. As a federal credit union with a specific field of membership, the institution traditionally serves PHI employees, their families, and qualifying community members.

The credit union's presence is concentrated in Lafayette Parish and the surrounding Acadiana region of Louisiana. While specific branch locations may be limited given the credit union's size, members can access services through the main office in Lafayette.

Question 5

What services does PHI Federal Credit Union offer?

Accepted Answer

PHI Federal Credit Union provides core financial services to its members, including:

Deposit Accounts: Share savings accounts and checking accounts designed to help members manage their day-to-day finances and build savings.

Consumer Loans: Personal loans, auto loans, and other credit products to meet members' borrowing needs. As of Q3 2025, the credit union maintained approximately $3.5 million in total loans.

Member Services: Access to account management and member support through traditional credit union channels.

Information about digital banking capabilities, such as mobile apps or online banking platforms, is not publicly available. Members should contact the credit union directly at (337) 233-2274 or visit www.phifcu.com for current service offerings.

Question 6

What makes PHI Federal Credit Union unique?

Accepted Answer

PHI Federal Credit Union's distinctiveness stems from its grassroots founding story and community-focused mission. Born from employee conversations during coffee breaks in 1974, the credit union embodies the cooperative spirit of members helping members.

Low-Income Designation: PHI Federal Credit Union holds a low-income designation from the NCUA, reflecting its commitment to serving underserved populations and providing financial access to communities that may face barriers at traditional financial institutions.

Intimate Scale: With approximately 861 members, PHI Federal Credit Union offers a highly personalized banking experience where members are known individually rather than as account numbers.

Member Ownership: Like all credit unions, PHI Federal Credit Union is owned by its members, with each member having an equal vote in governance regardless of account balance.

Question 7

What type of financial institution is PHI Federal Credit Union?

Accepted Answer

PHI Federal Credit Union is a federal credit union chartered and regulated by the National Credit Union Administration (NCUA). The credit union operates under federal charter number 21879.

As a federal credit union, PHI FCU is organized as a not-for-profit cooperative financial institution owned by its members. All members have equal voting rights in the credit union's governance, electing a volunteer board of directors from the membership.

The credit union operates under the federal credit union structure, which provides members with share insurance through the National Credit Union Share Insurance Fund (NCUSIF), backed by the full faith and credit of the U.S. government. Member accounts are insured up to $250,000.

Membership is typically available to PHI employees, their families, and other individuals who meet the credit union's field of membership requirements as defined in its federal charter.

PHI Federal Credit Union

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About PHI Federal Credit Union in the United States