City Parish Federal Credit Union (CPFCU) is a not-for-profit, member-owned financial institution that has been serving the Baton Rouge area for more than 75 years. With over 20,000 members and $150 million in assets, CPFCU is one of the largest credit unions in Louisiana.
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What Services Does CPFCU Offer?
CPFCU offers a wide range of financial services to its members, including:
- Savings accounts
- Checking accounts
- Loans (personal, auto, home)
- Credit cards
- Online and mobile banking
CPFCU also offers a variety of other services, such as:
- Financial counseling
- Investment services
- Insurance services
- Notary services
How Does CPFCU Differ from a Bank?
CPFCU operates differently than a traditional bank. While a bank is typically owned by shareholders and focused on making a profit, CPFCU is owned by its members and operates as a not-for-profit organization. This means that any profits earned are returned to members in the form of lower fees, higher interest rates, and better services.
CPFCU also focuses on providing personalized service to its members. Unlike a bank, where customers are often just a number, CPFCU takes the time to get to know its members and understand their financial needs.
How Do I Become a Member?
To become a member of CPFCU, you must meet certain eligibility requirements. You must:
- Live, work, worship, or attend school in East Baton Rouge Parish or West Baton Rouge Parish
- Be related to a current member of CPFCU
- Be an employee of one of CPFCU’s select employer groups
To join, you must open a savings account with a minimum deposit of $25. Once you become a member, you can take advantage of all of CPFCU’s financial services.
What Are the Benefits of Joining CPFCU?
There are many benefits to joining CPFCU, including:
- Lower fees: Because CPFCU is a not-for-profit organization, it does not have to pay shareholders. This means that it can offer lower fees than traditional banks.
- Better rates: CPFCU offers higher interest rates on savings and lower interest rates on loans than many traditional banks.
- Personalized service: CPFCU takes the time to get to know its members and understand their financial needs. This means that members can receive personalized service and advice.
- Community involvement: CPFCU is committed to giving back to the community. It supports local organizations and participates in community events.
What Do People Say About CPFCU?
People who know CPFCU have positive things to say about the credit union. Members appreciate the personalized service and the fact that CPFCU is focused on their needs, rather than making a profit. Many also appreciate the lower fees and better rates that CPFCU offers.
Here are some comments from actual CPFCU members:
“The staff at CPFCU is always friendly, knowledgeable, and helpful. They go above and beyond to meet my financial needs.” – John S.
“CPFCU is a great credit union. They have helped me with all of my financial needs, from opening a savings account to getting a car loan. I wouldn’t trust anyone else with my money.” – Mary T.
CPFCU Nutrition Facts
| Amount Per Serving | |
|---|---|
| Membership | 20,000+ |
| Assets | $150 million |
| Services | Savings accounts, checking accounts, loans, credit cards, online and mobile banking, financial counseling, investment services, insurance services, notary services |
| Eligibility | Live, work, worship, or attend school in East Baton Rouge Parish or West Baton Rouge Parish; be related to a current member of CPFCU; be an employee of one of CPFCU’s select employer groups |
| Benefits | Lower fees, better rates, personalized service, community involvement |
Conclusion
City Parish Federal Credit Union is a not-for-profit financial institution that is focused on providing personalized service to its members. With a wide range of financial services and a commitment to giving back to the community, CPFCU is a great choice for anyone looking for a financial institution that puts their needs first.
