LES Federal Credit Union

What LES Federal Credit Union does

LES Federal Credit Union is a federally chartered, member-owned financial cooperative headquartered in Baton Rouge, Louisiana. Originally chartered in 1950 to serve employees of the Louisiana Department of Labor, the credit union has progressively expanded its field of membership through charter changes to serve any individual who lives, works, worships, or attends school in nine Louisiana parishes — East Baton Rouge, West Baton Rouge, Ascension, East Feliciana, West Feliciana, Iberville, Livingston, Pointe Coupee, and St. Helena — with secondary membership extended to relatives of existing members.

The institution operates a full-service retail banking platform built around two physical branches in Baton Rouge (Main Branch at 950 North 22nd Street and Airline Branch at 8183 Airline Highway), complemented by digital channels including Online Banking (hosted at lesfcu-dn.financial-net.com), the Mobiliti mobile application, mobile deposit capture, BillPay, voice-activated phone banking, and mobile wallet support (Apple Pay, Samsung Pay, Google Pay). Through partnerships with the Co-Op Shared Branch network and CU24, members gain surcharge-free ATM and shared-branch access nationwide, effectively extending the credit union's distribution without proportional physical investment. The technology stack is standard credit-union core-banking with no proprietary AI components or developer-facing APIs disclosed.

Revenue is generated primarily through net interest income on the loan portfolio (vehicle, motorcycle, recreational vehicle, real estate, personal, overdraft protection, and Visa credit card lending), supplemented by deposit account fees (overdraft, NSF, stop payment), loan fees (application, GAP insurance, late fees, real estate processing), card fees (cash advance, PIN re-issue, replacement cards), and other service fees (wire transfers, cashier's checks, money orders). Deposit pricing includes Regular Shares, Share Draft checking, Share Certificates (6-month at 3.27% APY, 1-year at 3.77%–3.82% APY), and IRA certificates. Member deposits are federally insured up to $250,000 by the NCUA, and the institution is regulated and examined by the National Credit Union Administration.

Name

LES Federal Credit Union

Legal name

LES Federal Credit Union

Website

https://lesfcu.com

Company type

Private

Founded year

1950

Operating status

Operating

Headcount range

11–50 employees

Short description

LES Federal Credit Union is a federally chartered, member-owned credit union founded in 1950, operating two branches in Baton Rouge, Louisiana, and serving individuals across nine Louisiana parishes with deposits, consumer loans, digital banking, and Co-Op Shared Branch network access.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (522130), Credit Unions (52213)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

Keywords

• Retail banking services
• Consumer lending
• Credit union deposits
• Share savings accounts
• Auto mortgage loans

Headquarters

HQ city

Louisiana

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Interest Income on Loans: Primary revenue stream from interest charged on various loan products including vehicle loans, personal loans, credit cards, real estate loans, and recreational vehicle loans. Rates range from 4.95% APR for real estate second mortgages to 16.00% for overdraft protection.
2. Deposit Account Fees: Various fees associated with share draft (checking) accounts including overdraft fees ($25 per NSF paid), non-sufficient funds fees ($30 per NSF returned), stop payment fees ($15-$25 per item), and excessive withdrawal fees ($2 per withdrawal after 4 free per quarter).
3. Loan Fees: Fees from loan services including loan application processing fee ($15), GAP insurance ($695), late fees (20% of interest due, min $10 max $25), skip-a-payment fee ($25), and real estate processing fee ($750).
4. Card Fees: Fees from credit and debit card services including cash advance at other institutions ($5), photocopy of sales draft ($10), re-issue lost/stolen cards ($10), PIN re-issue ($3), and expedited shipping for replacement cards ($30).
5. Other Service Fees: Various fees including wire transfers (domestic $15, international $50), cashier's checks ($5), money orders ($2), research fees ($20-$25 per hour), gift cards ($3), and dormant account fees ($5 per month).
6. Share Certificate/IRA Interest Expense: While technically a cost, share certificates and IRAs generate fee revenue through early withdrawal penalties ($15 per withdrawal) and minimum balance requirements. Current rates include 3.27% APY for 6-month certificates and 3.77% APY for 1-year certificates.

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels6 records

Core offering

LES Federal Credit Union is a federally chartered, member-owned financial cooperative that provides retail banking services to individuals and families in nine Louisiana parishes. Its core offering consists of deposit products (Regular Share Savings, Share Draft Checking, Share Certificates, IRAs) and consumer lending products (personal, vehicle, motorcycle, recreational vehicle, real estate, and Visa credit cards), delivered through two physical branches in Baton Rouge plus online, mobile (Mobiliti), and voice-activated telephone banking channels. Member deposits are federally insured up to $250,000 by the NCUA, and members gain nationwide service access through the Co-Op Shared Branch and CU24 surcharge-free ATM networks.

Product overview

LES Federal Credit Union is a full-service financial cooperative offering a unified banking platform with multiple integrated product lines. The core offering consists of deposit products (Regular Savings/Share Accounts, Share Draft Checking, Share Certificates, IRAs) and lending products (Personal Loans, Auto/Motorcycle Loans, Recreational Vehicle Loans, Real Estate Loans, Visa Credit Cards). Digital services are delivered through Online and Mobile Banking platforms (Mobiliti), supplemented by features including BillPay, Remote Deposit Capture, Mobile Pay (Apple Pay, Samsung Pay, Google Pay), E-Statements, Voice-Activated Phone Banking, and Auto Draft. Additional offerings include Youth Club accounts, Christmas/Vacation Club savings, Overdraft Protection, Financial Calculators, and a CO-OP Shared Branch network for nationwide access.

Differentiator

Problem solved

Functional benefit

Products and services

• Regular Savings (Share) Account Primary share savings account required for credit union membership with a $25 minimum deposit to join, a $100 minimum balance to earn dividends, and federally insured up to $250,000 through the NCUA.
• Share Draft (Checking) Account Checking account with no monthly fee, no minimum balance, a free debit card, direct deposit, overdraft protection options, and dividends paid on balances of $1,500 or more.
• Share Certificates Fixed-term deposit products with 6-month and 1-year terms, a $500 minimum deposit, fixed competitive APYs (including tiered pricing up to 3.82% APY at $50,000+ balances), optional automatic renewal, and early-withdrawal penalties.
• Individual Retirement Accounts (IRAs) Traditional, Roth, and Education IRA share certificates with a 1-year fixed term, $500 minimum deposit, competitive rates, and rollover acceptance from other qualified retirement plans.
• Personal Loans Unsecured consumer loans for tuition, car repairs, vacations, income taxes, or emergencies, with rates as low as 9.25% APR and flexible repayment terms up to 60 months.
• Auto and Motorcycle Loans Financing for new or used vehicles and motorcycles, including classic cars, with rates as low as 5.75% APR for qualified borrowers and complimentary vehicle insurance quotes via AutoLink.
• Recreational Vehicle Loans Loans for boats, ATVs, Jet Skis, motorhomes, and travel trailers with up to 100% financing, flexible terms, and optional GAP protection, featuring rates as low as 6.25% APR on 60-month terms for secured vehicles.
• Real Estate Loans Home purchase and refinancing loans with fixed competitive rates, terms up to 20 years, pre-approval, expedited closing, and up to 100% financing on unimproved land; rates include 5.70% APR on unimproved property and 4.95% APR on second mortgages.
• Visa Credit Cards Visa Classic credit card with EMV chip technology, rates as low as 9.00% APR, no annual fee, Score Card Rewards on purchases, free fraud monitoring, and a 26-day grace period.
• Christmas Club Account Seasonal holiday savings account with automatic annual distributions in October, a $5,000 maximum balance, no initial deposit required, and a $15 early-withdrawal fee.
• Vacation Club Account Vacation savings account with no minimum initial deposit, $5,000 maximum balance, and automatic deposits available through payroll deduction or direct deposit.
• Champions Youth Club Youth financial club offering checking accounts, savings accounts, mobile banking, debit cards, and online banking targeted at children of credit union members.
• Christmas Loan Special Seasonal fixed-rate consumer loan at 8.90% APR over a 12-month term, available annually from October 1 through January 31 to assist with holiday expenses.
• Education Loan Special Fixed-rate consumer loan at 8.99% APR over a 12-month term designed to finance education-related expenses.

Quantifiable outcome

• Visa Credit Card rate as low as 9.00% APR
• +5 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature8 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Co-Op Shared BranchcoreChannel Partner/ Reseller/ DistributorPartnership with Co-Op Shared Branch network enabling LES FCU members to conduct transactions at partner credit union locations across the nation. Members can call (888) 287-9475 for location information.
• CU24 (Culiance)coreTechnology or IntegrationPartnership providing access to CU24 surcharge-free ATM network. Members can locate surcharge-free ATMs through culiance.com/atmlocator using charter number 6584.
• Score Card RewardsminorGTM or Marketing PartnerRewards program partnership providing members with access to scorecardrewards.com for earning points on credit card purchases.
• Love My Credit Union RewardsminorGTM or Marketing PartnerMarketing partnership with Love My Credit Union (lovemycreditunion.org) providing member rewards and discounts, including Sprint Credit Union Member Discount.
• TrustageminorGTM or Marketing PartnerInsurance partner offering auto and homeowners insurance quotes to LES FCU members through trustage.com.
• Repay.iocoreTechnology or IntegrationPayment processing partnership enabling members to make loan payments using external debit cards or bank accounts (ACH) through lesfcu.repay.io/portal.
• Enterprise Square (Enterprise Car Sales)minorChannel Partner/ Reseller/ DistributorCar sales partner referral program through Enterprise Square (enterprisecarsales.com) providing members vehicle purchasing options with referral tracking.
• MyFreeTaxesminorGTM or Marketing PartnerPartnership with MyFreeTaxes providing free income tax filing services to credit union members.
• National Credit Union Administration (NCUA)coreOthersPrimary federal regulatory agency and insurer of member deposits up to $250,000 through the National Credit Union Share Insurance Fund (NCUSIF).

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Digital Federal Credit Union: Much larger member-owned credit union serving employer groups and communities. Comparable in product breadth (deposits, consumer loans, mortgages) and member-owned cooperative model, though operates at substantially greater scale.
• Alliant Credit Union: Large credit union with national membership via select employer/community charter, offering full banking, lending, and digital services. Comparable product set and digital-first positioning, though at materially larger scale than LES FCU.

Regional players

• BASF TotalEnergies Federal Credit Union: Louisiana-based employer-chartered federal credit union. Similar product mix and cooperative governance, though employer-chartered field of membership differs from LES FCU's now-broader community charter.
• Dow Louisiana Federal Credit Union: Employer-chartered federal credit union serving Louisiana employees with deposit and consumer lending products. Structurally comparable as a small federal credit union operating in Louisiana.
• Pelican State Credit Union: Louisiana-headquartered credit union serving members across multiple parishes. Comparable to LES FCU as both serve Baton Rouge and surrounding parishes with similar deposit/loan products and NCUA-insured structure.
• Campus Federal Credit Union: Louisiana-based credit union serving multiple parishes including East Baton Rouge. Comparable community-charter cooperative model, similar core deposit and consumer loan products.
• Shell Geismar Federal Credit Union: Federal credit union serving Louisiana employees with a similar community-charter deposit-and-loan model. Comparable to LES FCU's original chartered-employer field-of-membership model.
• Louisiana USA Federal Credit Union: Louisiana-based federal credit union serving a similar statewide/regional member base with comparable deposit, consumer lending, and digital banking products.

Direct peers

• First South Financial Credit Union: Baton Rouge-area credit union operating as a community cooperative serving Southeast Louisiana residents. Direct comparable in mission, scale, and product breadth.
• Neighbors Federal Credit Union: Baton Rouge-based credit union with the most direct geographic and product overlap to LES FCU. Competes for the same parish-based membership with a similar suite of deposit products, consumer loans, and digital banking services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/LESFCU.50
• Xx.com/lesfcu
• LinkedInlinkedin.com/company/les-federal-credit-union

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LES Federal Credit Union