You have a choice when it comes to your money. Is a credit union or bank better for you and your family? This depends on what you need and prefer from a financial institution. Educate yourself! Big banks and local credit unions offer many of the same services, but what makes them different? Some of the most distinctive characters are locality, resources, ownership, and transparency.
Essential Federal Credit Union wasn’t created by out-of-touch corporate bankers. Our story began in 1972 with regular Louisiana people who wanted great products at low costs. Based in Plaquemine, we have seven locations throughout the Great Baton Rouge area. We serve clients in East Baton Rouge, West Baton Rouge, East Feliciana, West Feliciana, Ascension, Livingston, Iberville, Pointe Coupee, and St. Helena Parishes.
It’s true a national bank will likely have more physical locations than a credit union. We understand this is a priority for many. Essential FCU offers many of the conveniences of larger corporations with the heart of a local company. Through our partnerships, customers can use more than 1,500 ATMs with no transaction fees. Our interest rates are favorable. We offer online banking, including automated online bill pay. You can even apply for an account quickly and easily online. Additionally, all our members’ savings accounts are federally insured through the National Credit Union Administration.
Essential FCU is a non-profit that puts members first. Our members are the owners, not investors who only care about the bottom line. This means that the owners’ best interests are the same as your best interests. In fact, more than 27,000 members trust Essential FCU with $330 million in assets. This speaks to our reputation as well as our financial stability. You can become a member yourself with as little as a $5 deposit.
Our priorities include transparency and open communication. We’re completely open about our business and we want you to completely understand it as well. There’s no hiding behind confusing jargon or vague numbers at Essential FCU. We offer workshops and seminars throughout the year for anyone wanting to learn more. Money Talk newsletters and Educational is Essential blogs (like this one!) also demystify how your money works.
Click around our site for more information to make this important decision. Would you like to learn more about Essential FCU? Give us a call at 1.888.369.2207 or contact us online.