Question 1

What is Calcasieu Parish Employees Credit Union?

Accepted Answer

Calcasieu Parish Employees Credit Union is a specialized federal credit union serving employees of Calcasieu Parish government and related entities in Lake Charles, Louisiana. With approximately $19.2 million in total assets and over 2,000 members, the credit union provides focused financial services to parish employees, law enforcement personnel, and public servants. The credit union emphasizes personal relationships, competitive rates, and member-focused service within the parish employee community.

Question 2

When was Calcasieu Parish Employees Credit Union founded?

Accepted Answer

Calcasieu Parish Employees Credit Union was established in 1968 to serve the financial needs of Calcasieu Parish government employees. The credit union was founded with the vision of providing parish workers with a member-owned financial institution that could offer better rates and personalized service compared to traditional banks. For over 55 years, the credit union has maintained its focus on serving public employees throughout Calcasieu Parish.

Question 3

Where is Calcasieu Parish Employees Credit Union headquartered?

Accepted Answer

Calcasieu Parish Employees Credit Union is headquartered in Lake Charles, Louisiana. The credit union's mailing address is P.O. Box 1027, Lake Charles, Louisiana 70602. The credit union operates multiple branch locations to serve members throughout Calcasieu Parish.

Question 4

Where does Calcasieu Parish Employees Credit Union operate?

Accepted Answer

The credit union operates in Calcasieu Parish, Louisiana, with a primary focus on the Lake Charles area. Membership eligibility is limited to employees of specific government entities and organizations, including:

Calcasieu Parish Police Jury (CPPJ), Calcasieu Parish Sheriff's Office (CPSO), Calcasieu Parish Tax Assessor, Calcasieu Parish Clerk of Court, Town of Iowa, Town of Vinton, Lake Charles Regional Airport, Chennault Airport, and Houston River Water Works.

In addition to direct employees of these organizations, immediate family members and relatives of existing members are also eligible to join the credit union, extending benefits to the broader parish employee family community.

Question 5

What services does Calcasieu Parish Employees Credit Union offer?

Accepted Answer

Calcasieu Parish Employees Credit Union offers comprehensive financial services tailored to public employees, including:

Savings and Investment Products: Share savings accounts, money market accounts, certificates of deposit with competitive dividend rates, and specialized savings programs.

Checking Accounts: Transaction accounts for everyday banking needs with convenient access.

Loan Products: Personal loans, auto loans, home equity lines of credit, mortgage products, and other consumer lending options with competitive interest rates designed for public sector employees.

Digital Banking Services: Online banking platform, mobile banking capabilities for account management, electronic fund transfers, and remote deposit services.

Member Services: Direct deposit services, payroll deduction options for automatic savings and loan payments, notarial services, and financial education resources.

The credit union focuses on providing complete and competitive financial services while maintaining the personal touch that comes from serving a defined membership community.

Question 6

What makes Calcasieu Parish Employees Credit Union unique?

Accepted Answer

Calcasieu Parish Employees Credit Union stands out through its exclusive focus on serving parish government employees and public servants. This specialized membership allows the credit union to understand the unique needs of public sector workers, including their pay schedules, pension plans, and employment benefits.

The credit union operates on core principles of personal service, profit sharing with members, and competitive interest rates. As a not-for-profit institution, CPEFCU returns earnings to members through better rates rather than distributing profits to outside shareholders. The credit union maintains a strong net worth ratio of 15.46%, demonstrating excellent financial stability and capital strength.

With low-income designation from the NCUA, the credit union demonstrates commitment to serving members across all economic levels. The credit union is governed by an active Board of Directors elected by members, including President Tammy Lavergne, ensuring member voices guide the institution's direction.

Leadership includes CEO Josh Bennett and EVP Nanci Evans, supported by a dedicated staff focused on building personal relationships with each member. The credit union emphasizes exceptional personal service and maintains small-town values while offering modern financial capabilities.

Question 7

What type of financial institution is Calcasieu Parish Employees Credit Union?

Accepted Answer

Calcasieu Parish Employees Credit Union is a Federal Credit Union chartered and regulated by the National Credit Union Administration (NCUA). As a federal credit union, all deposits are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government through the NCUA.

The credit union operates as a not-for-profit financial cooperative with a select employee group membership structure focused on Calcasieu Parish government entities. Members collectively own the credit union, with each member having equal voting rights to elect the volunteer Board of Directors. This cooperative structure ensures the institution exists to benefit its members rather than generate profits for external shareholders, allowing for better rates and member-focused policies.

Calcasieu Parish Employees Credit Union

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About Calcasieu Parish Employees Credit Union in the United States