Question 1

What is Richland Parish Schools Credit Union?

Accepted Answer

Richland Parish Schools Credit Union is a small, community-focused federal credit union serving employees of the Richland Parish School Board in northeastern Louisiana. With approximately $567,000 in total assets and 135 members, this credit union provides essential financial services specifically tailored to meet the needs of educators, administrators, and staff working within the Richland Parish school system. The credit union operates under charter number 22785 and maintains its focus on serving the local education community in and around Rayville, Louisiana.

Question 2

When was Richland Parish Schools Credit Union founded?

Accepted Answer

[Information not publicly available regarding the specific founding date of Richland Parish Schools Credit Union.]

Question 3

Where is Richland Parish Schools Credit Union headquartered?

Accepted Answer

Richland Parish Schools Credit Union is headquartered in Rayville, Louisiana, the parish seat of Richland Parish. The credit union's office is located at 411 Foster Street in the RPSB (Richland Parish School Board) Annex Building, ZIP code 71269. This location places it in close proximity to the school district's administrative offices and the communities it serves in northeastern Louisiana.

Question 4

Where does Richland Parish Schools Credit Union operate?

Accepted Answer

The credit union operates primarily in Richland Parish, Louisiana, with its main focus on serving the Town of Rayville and surrounding communities within the parish. Membership is restricted to employees and staff of the Richland Parish School Board, which operates multiple campuses in the area including Rayville Elementary School, Rayville Junior High School, and Rayville High School. Given its field of membership requirements, the credit union serves educators and school employees working throughout Richland Parish's public school system.

Question 5

What services does Richland Parish Schools Credit Union offer?

Accepted Answer

Richland Parish Schools Credit Union offers fundamental financial services designed for school employees. These services typically include share savings accounts for members to build their savings, consumer loans including personal loans and vehicle financing with approximately $209,000 in total loans outstanding, and deposit accounts with total deposits of approximately $374,000. The credit union may also provide convenient access through its location in the school board annex building, making it easy for members to conduct banking during work hours. Additional information about specific services can be obtained through the Richland Parish School Board or by visiting the credit union's website at richland.k12.la.us/creditunion.

Question 6

What makes Richland Parish Schools Credit Union unique?

Accepted Answer

Richland Parish Schools Credit Union stands out for its dedicated service to the local education community in a rural Louisiana parish. With a strong net worth ratio of 33.52%, the credit union demonstrates solid financial stability despite its small size. The credit union maintains a low-income designation, reflecting its commitment to serving members in an economically challenged area of northeastern Louisiana. Its intimate size allows for personalized service and a deep understanding of the unique financial needs and challenges faced by educators and school employees in Richland Parish. The credit union's location within the school board annex building provides exceptional convenience for its member base.

Question 7

What type of financial institution is Richland Parish Schools Credit Union?

Accepted Answer

Richland Parish Schools Credit Union is a federal credit union chartered and regulated by the National Credit Union Administration (NCUA). As a member-owned, not-for-profit financial cooperative, the credit union operates under the principle of "people helping people." Membership is restricted to employees and staff of the Richland Parish School Board and their immediate family members. The credit union is governed by NCUA Region 2 and carries federal deposit insurance, protecting member deposits up to $250,000 through the National Credit Union Share Insurance Fund (NCUSIF). This occupational-based field of membership structure ensures that the credit union remains focused on serving the specific financial needs of the local education workforce.

Richland Parish Schools Credit Union

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About Richland Parish Schools Credit Union in the United States