STATE AGENCIES

What STATE AGENCIES does

State Agencies Federal Credit Union (State Agencies FCU) is a federally chartered, not-for-profit, member-owned credit cooperative founded in 1950 to serve Louisiana state employees and their immediate family members. The institution operates as a closed-field credit union under a single branch at 1525 Fairfield Ave, Suite 672, Shreveport, Louisiana, with 24 employees and standard weekday branch hours of 9:00 a.m. to 2:30 p.m. Its deposits are federally insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), administered by the NCUA.

The product portfolio is a conventional retail banking suite: a membership share account requiring a $25 share deposit and $1 fee, checking accounts with a $4 monthly service charge if balances fall below $500 and a $750 minimum to earn APY, ATM/debit cards with a $1 monthly fee, VISA credit cards marketed for low interest rates and minimal over-the-limit and late fees, and a consumer loan menu spanning auto, signature, boat/RV, and seasonal Christmas cash loans. Distribution is through the single branch, telephone banking (318-676-5113), and a website-based online banking platform; there is no mobile app, no API, and no documented third-party integrations. Core technology is described as a standard credit union banking platform without proprietary features.

The business model is a cooperative membership economy: revenue is generated from net interest income on the loan portfolio, small recurring service charges on deposit and card accounts, and modest transaction-related fees. The not-for-profit structure, regulated by the NCUA, is the defining feature of the operating model — surplus is returned to members through rate and fee competitiveness rather than distributed to outside shareholders. The customer base is narrowly defined by employment eligibility (Louisiana state employees and families), with no disclosed enterprise, business, or commercial banking segments, and no announced plans for field-of-membership expansion, geographic growth, or technology modernization.

Name

STATE AGENCIES

Legal name

State Agencies Federal Credit Union

Website

https://stateagenciesfcu.com

Company type

Private

Founded year

1950

Operating status

Operating

Headcount range

11–50 employees

Short description

State Agencies Federal Credit Union is a not-for-profit, member-owned credit union founded in 1950 that serves Louisiana state employees and their families from a single Shreveport branch with savings, checking, credit cards, and consumer loans.

Ownership category

akta.pro rank

Product category

Credit Union Banking

NAICS

Credit Unions (52213), Depository Credit Intermediation (5221)

SIC

Savings Institution, Federally Chartered (6035), Personal Credit Institutions (6141)

akta.pro primary industry

Public Sector & Municipal Credit Unions (FSABAEAK)

akta.pro secondary industries

Employer/Occupational Credit Unions (FSABAEAB), Community Credit Unions (Retail/Consumer Focus) (FSABAEAA), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Credit union services
• Consumer banking
• Personal loans
• Savings accounts
• Auto financing

Headquarters

HQ city

Shreveport

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Membership Fees: Credit union membership with a $25 share deposit and $1 membership fee required to join
2. Loan Products: Interest income from auto loans, signature loans, boat/RV loans, Christmas cash loans, and credit cards
3. Service Fees: Monthly service charges ($4 for checking), ATM/debit card fees ($1/month), and potential over-limit/late fees on credit cards

Pricing tiers

Distribution channels3 records

Marketing channels3 records

Core offering

State Agencies Federal Credit Union is a not-for-profit, member-owned financial cooperative that provides traditional banking products and consumer loans to Louisiana state employees and their immediate family members. Core offerings include savings (share) accounts, checking accounts, ATM/debit cards, VISA credit cards, and a range of consumer loans (auto, signature/unsecured, boat/RV, and seasonal Christmas cash loans). All deposits are federally insured up to $250,000 through the NCUSIF administered by the NCUA.

Product overview

State Agencies Federal Credit Union is a not-for-profit financial institution offering a unified portfolio of traditional banking products and services to Louisiana state employees and their families. The core offerings include savings and checking accounts with membership requirements, VISA credit cards with competitive rates, and a variety of loan products (auto, signature, boat/RV, and seasonal Christmas loans). Additional services include ATM/debit cards and online banking access. The institution provides financial calculators as informational tools for member decision-making.

Differentiator

Problem solved

Functional benefit

Products and services

• Membership Share Account Primary savings account required for credit union membership; requires a $25.00 share deposit plus a $1.00 membership fee. Federally insured up to $250,000 by NCUSIF/NCUA. Targeted at Louisiana state employees and their immediate family members.
• Checking Accounts

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves3 records

Expansion highlights3 records

Direct peers

• Barksdale Federal Credit Union: Louisiana-based federal credit union serving military and broader community members, with a comparable suite of savings, checking, consumer loans, and credit cards; overlaps on consumer banking and credit union cooperative model.
• Neighbors Federal Credit Union: Baton Rouge-based Louisiana credit union offering a full suite of consumer banking products including auto loans, credit cards, and savings; directly comparable Louisiana community credit union.
• CSE Federal Credit Union: Louisiana federal credit union offering similar consumer banking and lending products to a defined-membership base; directly comparable small-scale federal credit union operating model.
• Pelican State Credit Union: Louisiana-headquartered credit union serving state and public-sector employees with a similar deposit and consumer loan product set; competes for the same Louisiana state employee membership pool.
• ASI Federal Credit Union: Louisiana federal credit union serving a defined membership with consumer loans, deposits, and credit cards; closely comparable small-scale federal credit union serving a workplace or community field of membership.
• Campus Federal Credit Union: Louisiana credit union operating with a defined occupational/affiliate membership, offering deposits, consumer loans, and credit cards; comparable membership-driven federal credit union model.
• La Capitol Federal Credit Union: Louisiana-chartered credit union providing deposit accounts, consumer loans, and credit cards to a statewide membership; direct comparable in size, scope, and Louisiana public-sector orientation.

Broad incumbents

• Pentagon Federal Credit Union: Large national federal credit union serving military, government employees, and affiliated members; comparable public-sector member focus with much broader product breadth and digital capabilities.
• Navy Federal Credit Union: Largest U.S. federal credit union, serving military and government-affiliated personnel with a full banking and lending platform; represents the scaled public-sector credit union model State Agencies FCU aspires to compete against.

Regional players

• Red River Federal Credit Union: Louisiana and Texas regional credit union offering consumer and mortgage lending with multiple branches; comparable product mix though larger geographic footprint than State Agencies FCU.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/state-agencies

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 STATE AGENCIES