Sep, 30, 2025 — MERITUS FEDERAL CREDIT UNION is a federal credit union headquartered in LAFAYETTE, LA with 4 branch locations and about $243.86 million in total assets. Opened 72 years ago in 1954, MERITUS FEDERAL CREDIT UNION has about 23,641 members and employs 76 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MERITUS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 515 Guilbeau Rd LAFAYETTE, LA 70506-6089 |
| Phone: | (337) 989-2800 |
| Fax: | (337) 989-2816 |
| Website: | https://www.merituscu.net |
| Branches: | 4 branch locations |
| Members: | 23,641 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9643 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $243,856,446 |
| CEO/Manager: | Brian Leger |
| Chairperson: | Dale Henderson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,542,124 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 67,514,116 |
| Unsecured Loans | 14,892,477 |
| Other Loans | 75,678,187 |
| TOTAL LOANS | 158,084,780 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -538,038 |
| Land And Building | 6,705,684 |
| Other Fixed Assets | 2,680,897 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,047,976 |
| All Other Assets | 295,089 |
| TOTAL ASSETS | 243,856,446 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 760,722 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,521,445 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 42,588,943 |
| Regular shares | 93,467,525 |
| All Other Shares & Deposits | 71,232,672 |
| TOTAL SHARES & DEPOSITS | 207,289,140 |
| TOTAL LIABILITIES | 213,571,307 |
| Regular Reserve | 0 |
| Other Reserves | -1,521,621 |
| Undivided Earnings | 31,806,760 |
| TOTAL EQUITY | 30,285,139 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 243,856,446 |
| INCOME & EXPENSE | |
| Loan Income | 7,230,627 |
| Investment Income | 1,273,063 |
| Other Income | 2,788,678 |
| Total Employee Compensation & Benefits | 4,350,408 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,669,141 |
| Non-operating Income & (Expense) | 165,907 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 696,319 |
| Cost of Funds | 1,588,320 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -388,609 |
| ↑ Back to Top | |