CenLA FCU Field of Membership
CenLA Federal Credit Union was established as the Rapides School Employees Credit Union in 1963 which meant our charter was in line with accepting members that were employed by the Rapides Parish School Board. In 2004, our charter and name changed to reflect that although our focus remained with school employees, our Field of Membership expanded to include anyone that lives, works, worships or attends school in our designated parishes. This allowed others in our community to join CenLA Federal Credit Union and receive the benefits of membership.
What is a Credit Union?
Credit Unions are non-profit cooperative financial institutions. They were first formed in Europe by groups of people who could not afford to do business with banks. These groups of people, often sharing a common bond of similar interest or professions, pooled their resources to provide each other with cooperative financial services. Today a credit union’s common bond is its ‘field of membership’.