Q: Where does Caddo Parish Teachers Federal Credit Union operate?

Caddo Parish Teachers Federal Credit Union operates primarily in Caddo Parish, Louisiana, with a focus on serving the Shreveport area. Membership is restricted to employees of the Caddo Parish School Board, which includes teachers, principals, assistant principals, instructional coordinators, counselors, bus drivers, secretaries, school nurses, custodians, cafeteria staff, substitute teachers, and other support personnel. Immediate family members of Caddo Parish School Board employees are also eligible for membership. This field-of-membership structure creates a tight-knit community of members connected through their service to education in Caddo Parish.

Question 1

What is Caddo Parish Teachers Federal Credit Union?

Accepted Answer

Caddo Parish Teachers Federal Credit Union is a community-focused financial institution serving employees of the Caddo Parish School Board and their immediate family members in Shreveport, Louisiana. With approximately 3,420 members and $17.4 million in total assets, the credit union operates under the philosophy of being "small enough to know you, large enough to serve you."

The credit union specializes in providing personalized financial services to educators and support staff within the Caddo Parish Public Schools system. As a federally chartered credit union (Charter #15589), it maintains a strong capital position with a net worth ratio of 22.37%.

Question 2

When was Caddo Parish Teachers Federal Credit Union founded?

Accepted Answer

[Information not publicly available regarding the specific founding date]

While the exact founding date is not publicly documented, Caddo Parish Teachers Federal Credit Union was established to serve the financial needs of teachers, administrators, and staff employed by the Caddo Parish School Board. The credit union has evolved from its original mission to provide basic savings and loan services to educators into a full-service financial institution offering comprehensive banking products.

Question 3

Where is Caddo Parish Teachers Federal Credit Union headquartered?

Accepted Answer

Caddo Parish Teachers Federal Credit Union is headquartered in Shreveport, Louisiana. The main branch is located at 5403 Hearne Avenue, Shreveport, LA 71108.

The credit union's mailing address is PO Box 3133, Shreveport, LA 71133.

Question 4

Where does Caddo Parish Teachers Federal Credit Union operate?

Accepted Answer

Caddo Parish Teachers Federal Credit Union is a community-focused financial institution serving employees of the Caddo Parish School Board and their immediate family members in Shreveport, Louisiana. With approximately 3,420 members and $17.4 million in total assets, the credit union operates under the philosophy of being "small enough to know you, large enough to serve you."

The credit union specializes in providing personalized financial services to educators and support staff within the Caddo Parish Public Schools system. As a federally chartered credit union (Charter #15589), it maintains a strong capital position with a net worth ratio of 22.37%.

Immediate family members of Caddo Parish School Board employees are also eligible for membership. This field-of-membership structure creates a tight-knit community of members connected through their service to education in Caddo Parish.

Question 5

What services does Caddo Parish Teachers Federal Credit Union offer?

Accepted Answer

Caddo Parish Teachers Federal Credit Union provides a comprehensive range of financial services tailored to educators and school system employees:

Share Accounts: Traditional savings accounts for members to build their financial foundation and earn dividends.

Checking Accounts: Everyday transaction accounts with convenient access through various channels.

Loans: Various lending products including auto loans, personal loans, and credit cards designed to meet member needs. Used car financing is specifically highlighted as a popular service.

Digital Banking: Online home banking and mobile banking services through a dedicated mobile app available on iOS and Android platforms. Members can check balances, view transaction history, transfer funds, pay loans, and access secure messaging.

Mobile Check Deposit: Remote deposit capture allowing members to deposit checks from their mobile devices.

Bill Pay: Centralized bill payment services for convenient money management.

Financial Education: Free credit reports and financial literacy tools to help members make informed financial decisions.

Loan Payments: Easy online and mobile loan payment options for member convenience.

The credit union emphasizes security with features including fingerprint login, multi-factor authentication, confidence word verification, and encrypted data transmission.

Question 6

What makes Caddo Parish Teachers Federal Credit Union unique?

Accepted Answer

Caddo Parish Teachers Federal Credit Union distinguishes itself through its exclusive focus on the education community in Caddo Parish. The credit union's personalized approach is embodied in its motto: "Small enough to know you, large enough to serve you."

Education-Focused Membership: By serving only Caddo Parish School Board employees and their families, the credit union creates a unique community where members share a common connection to education and public service.

Personalized Service: With approximately 3,420 members, the credit union maintains the ability to know members personally while still offering comprehensive financial services typically found at larger institutions.

Strong Financial Position: The credit union maintains an exceptionally strong net worth ratio of 22.37%, well above regulatory requirements, demonstrating financial stability and conservative management. The return on average assets of 1.08% indicates healthy profitability.

Member-Centric Tools: The credit union provides members with valuable resources including free credit reports and financial education tools, demonstrating a commitment to member financial wellness beyond traditional banking services.

Community Connection: The credit union's mission centers on supporting the educational community in Shreveport, creating a financial institution where members understand and support each other's unique needs as educators and school system employees.

Question 7

What type of financial institution is Caddo Parish Teachers Federal Credit Union?

Accepted Answer

Caddo Parish Teachers Federal Credit Union is a federal credit union chartered and regulated by the National Credit Union Administration (NCUA). As a federal credit union, deposits are insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), backed by the full faith and credit of the United States Government.

Cooperative Structure: As a member-owned cooperative financial institution, the credit union operates on a not-for-profit basis. Members are simultaneously customers and owners, with each member having equal voting rights regardless of account balance.

Membership Requirements: Membership is restricted to employees of the Caddo Parish School Board and their immediate family members. This creates a common bond among members based on their connection to education and employment with the Caddo Parish Public Schools system.

Regulatory Oversight: The credit union is supervised by the NCUA, which conducts regular examinations to ensure safety and soundness. The credit union operates in NCUA Region 2.

Democratic Governance: Credit union members elect volunteer board members who establish policies regarding shares, loans, investments, and general operating procedures, ensuring that the institution serves the best interests of its member-owners.

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