Question 1

What is New Orleans Sewerage & Water Board Employees Credit Union (NSWB Credit Union)?

Accepted Answer

New Orleans Sewerage & Water Board Employees Credit Union, commonly known as NSWB Credit Union, is a federal credit union serving employees of the Sewerage & Water Board of New Orleans and their families. With approximately $8.5 million in assets and nearly 1,500 members, this community-focused financial institution provides essential banking services to those who operate and maintain New Orleans' critical water, sewerage, and drainage infrastructure.

The credit union operates as a member-owned cooperative, offering personalized financial solutions tailored to the needs of public utility workers in the New Orleans area.

Question 2

When was New Orleans Sewerage & Water Board Employees Credit Union (NSWB Credit Union) founded?

Accepted Answer

The credit union was established to serve employees of the Sewerage & Water Board of New Orleans, which itself was founded in 1896 and is headquartered at 625 Saint Joseph Street in New Orleans. While the exact founding date of the credit union is not publicly available, it was chartered as a federal credit union under NCUA Charter Number 2056.

The credit union was formed to provide affordable financial services and promote savings among employees of one of New Orleans' most essential government agencies, which provides the city with adequate drainage, sewerage collection, and drinking water services.

Question 3

Where is New Orleans Sewerage & Water Board Employees Credit Union (NSWB Credit Union) headquartered?

Accepted Answer

NSWB Credit Union is headquartered at 625 Saint Joseph Street, Suite B13, in New Orleans, Louisiana. This location is within the same building complex as the Sewerage & Water Board of New Orleans, making it convenient for employees to access banking services.

Question 4

Where does New Orleans Sewerage & Water Board Employees Credit Union (NSWB Credit Union) operate?

Accepted Answer

The credit union primarily serves the New Orleans metropolitan area, with its membership restricted to employees of the Sewerage & Water Board of New Orleans and their immediate family members. As a federal credit union with a specific field of membership, NSWB Credit Union focuses on serving the financial needs of public utility workers in the New Orleans area.

The credit union operates under NCUA Region 2 jurisdiction.

Question 5

What services does New Orleans Sewerage & Water Board Employees Credit Union (NSWB Credit Union) offer?

Accepted Answer

NSWB Credit Union provides a range of financial products designed to meet the needs of its members, including:

Savings and Share Accounts: Members can establish share savings accounts with competitive dividend rates. The credit union holds approximately $7.8 million in total deposits.

Lending Services: The credit union offers various loan products to help members finance major purchases and manage expenses. As of Q3 2025, the credit union maintains a loan portfolio of approximately $3.5 million, with a loan-to-share ratio of 45.2%.

Member Benefits: As a not-for-profit cooperative, NSWB Credit Union returns earnings to members through competitive rates, lower fees, and personalized service.

The credit union maintains a strong financial position with a net worth ratio of 7.63% and positive return on assets of 0.68%.

Question 6

What makes New Orleans Sewerage & Water Board Employees Credit Union (NSWB Credit Union) unique?

Accepted Answer

NSWB Credit Union stands out for its dedicated service to a specific community of public servants. The credit union understands the unique financial needs and challenges faced by utility workers who keep New Orleans' essential water and sewerage systems operating.

The credit union's location within the Sewerage & Water Board complex provides exceptional convenience for members, allowing them to conduct banking during work hours. This close connection to the workplace fosters a strong sense of community and personal relationships between credit union staff and members.

Despite economic challenges affecting the region, the credit union has maintained financial stability and continues to serve its members with a focus on accessibility and personalized service. The credit union is designated as a low-income credit union, reflecting its commitment to serving working-class public employees.

Question 7

What type of financial institution is New Orleans Sewerage & Water Board Employees Credit Union (NSWB Credit Union)?

Accepted Answer

NSWB Credit Union is a federal credit union chartered and regulated by the National Credit Union Administration (NCUA). As a federal credit union, it operates under federal law and NCUA oversight, with deposits insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF).

Membership is restricted to employees of the Sewerage & Water Board of New Orleans and their immediate family members. This occupational common bond creates a tight-knit membership community focused on mutual financial success.

As a cooperative financial institution, NSWB Credit Union is owned and controlled by its members, who elect a volunteer board of directors. Profits are returned to members through competitive rates and improved services rather than distributed to outside shareholders.

New Orleans Sewerage & Water Board Employees Credit Union (NSWB Credit Union)

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About New Orleans Sewerage & Water Board Employees Credit Union (NSWB Credit Union) in the United States