Credit unions in Louisiana

Credit union: There are 172 credit unions that are headquartered in the state of Louisiana. These credit unions operate over 400 branches for their members. The cooperatives in the state can claim over 1.2 million members. The largest credit union in the state is Barksdale Federal Credit Union, with over 132,000 members. This credit union has been in operation since  1954. While there are other ways to obtain membership, this credit union primarily serves military members. 

Like most other states, Louisiana has cooperatives that are open for membership to people who work in specific fields, such as teachers and corrections officers. Several others are open only to employees of certain businesses. Louisiana also has credit unions that are religious in nature and only open to members of certain faiths and churches. There are several, however, that are community-based cooperatives. Those credit unions are open to people who live and work in those communities. 

Car insurance: Car insurance in Louisiana is quite expensive. Drivers in the state pay a whopping 55% more than the national average for their premiums. When your premiums are that high, you should always be on the more lookout for a way to reduce the amount you pay. There is no way to avoid having insurance in the state, as it is a legal requirement to drive. Always check with your credit union to see if they offer any specials for their members. 

Several credit unions partner with TruStage to offer reduced rates to their members. There only seem to be a handful of credit unions that underwrite their own policies. While it may not be widely advertised, some may have partnerships with local insurance brokers to offer discounts to their members. A handful of other cooperatives do publicly share which national or regional carrier they work with on behalf of their members.