Credit union · NCUA insured
CUSA Federal Credit Union
A $30.5M credit union headquartered in Covington, LA, with 2,551 members and 2 branches in Louisiana. Best rates: CDs 3.85% and savings 0.45% APY.
CUSA Federal Credit Union Carrot Score
84
Carrot Score
Higher than 65% of U.S. banks and credit unions
#3 of 19 in Lafayette, LA metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About CUSA Federal Credit Union
Based in Covington, Louisiana, CUSA Federal Credit Union was originally founded as Gulf Employees-Harvey Federal Credit Union in 1955 and is a member-owned cooperative.
Renamed Gulf Federal Credit Union in 1975 and CUSA Federal Credit Union in 1985, it later merged Operators, Inc. FCU in 1989 and Texaco Credit Union of New Orleans in 2002.
The credit union exists to serve the Louisiana oil and gas industry and their families with financial education and services.
- Headquarters
- 50 Louis Prima Dr Ste A, Covington, LA 70433
- NCUA charter
- 10640
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Individuals who live, work, worship, or go to school in Acadia, Iberia, Lafayette, Saint Landry, Saint Martin, or Vermilion parishes are eligible for membership.
Employers and groups
- All Chevron employees, contractors, and interns are eligible for membership.
- Employees of partnered Select Employer Groups (SEGs) are eligible for membership.
Family and household
- Family members (spouse, children, parents, brothers, sisters, stepchildren, stepparents, grandchildren, and grandparents) of eligible members are eligible for membership.
Cost to join
- A $5 minimum Share Account balance is required to maintain membership.
Branches
2 branches in Louisiana
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Louisiana
2 branches
Slidell area · 1
- Covington Main OfficeMain office50 Louis Prima Dr Ste A, Covington, LA 70433Directions
Lafayette area · 1
- Lafayette Branch/Operations Center200 Beaullieu Dr, Bldg 9A, Lafayette, LA 70508Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 9.91% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 1.02% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | -0.02% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $76 | $59 | — |
- CapitalNet worth ratio9.91%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late1.02%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets-0.02%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$76Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of CUSA Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.