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The CenLA Circular - 3rd Quarter 2020

The CenLA Circular – 3rd Quarter 2020

A Quarterly Publication of CenLA Federal Credit Union

“CenLA Federal Credit Union, Taking Care Of All Your Financial Needs Since 1963”


COVID-19 Update

For the health of our members and employees, our lobbies remain closed at this time. Our Saturday branch hours are temporarily unavailable until further notice. Our drive thrus remain open at all branches. Account access available through our various electronic services. For more updates, visit


Annual Meeting Update

In continuing to follow with the guidelines surrounding the novel Coronavirus/COVID-19, our 57th Annual Meeting has been postponed to a later date. Updates will be posted on Facebook, Instagram, and at


Summer is here and it's time to declutter your wallet!

It’s time to clean out your wallet with a balance transfer to your CenLA FCU Credit Card where you can receive a low 0.00% introductory APR* for 6 months! *After the 0.00% introductory APR for a period of six billing cycles, the APR will be 9.90% to 12.60% based on your creditworthiness. Certain exclusions may apply. APR=Annual Percentage Rate. Offer good for NEW card applicants and CURRENT CenLA FCU Credit Cards! No balance transfer fees!

*Membership Eligibility Required. Card application subject to credit approval and lender’s credit criteria. Offer applies to members and credit cards in good standing. Offer applies to any non-CenLA FCU balance transferred. Six months equates to 6 billing cycles. The 6 billing cycle period begins when transfer is posted; at expiration any remaining balance reverts to the non-promotional APR then in effect. Transfer(s) cannot exceed available credit limit. CenLA FCU is not responsible for finance or other charges owed to a creditor because a payment was not applied by date due. To avoid paying interest on purchases, your due date will be at least 25 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month. We calculate your balance based on "average daily balance (including new purchases)."


New Credit Card Update Coming!

CenLA Federal Credit Union is proud to announce our partnership with a new card processor to better service your Visa® credit card needs. You can expect your new card with exciting new features to arrive in October 2020! More information can be obtained on our website at


Adventure is Calling

Auto Loan Rates As Low As 2.9% APR*!

*Membership Restrictions Apply. APR=Annual Percentage Rate. The quoted rate is the lowest rate for up to 72 months. Your actual APR may vary depending on your creditworthiness. Based on your credit report and credit application, rates may be as high as 10.9% APR. Rates subject to change. Loans subject to credit approval and standard CenLA FCU lending guidelines. Offer not valid for existing or refinancing of current CenLA FCU auto loans. Special rates apply to qualifying year models only. This offer available until August 31, 2020.


Adventure is Calling

Boat Loan Rates As Low As*

Rates On

NEW or USED 2018 – 2020

  • up to 84 months starting at 3.9% APR*
  • 85 to 120 months starting at 5.9% APR*

USED 2013 – 2017

  • up to 84 months starting at 4.9% APR*

*Membership Restrictions Apply. APR=Annual Percentage Rate. Your APR may vary depending on your creditworthiness. Rates subject to change. Loans subject to credit approval and standard CenLA FCU lending guidelines. Offer valid until August 31, 2020 and does not apply to existing CenLA FCU loans. Model year 2012 and older does not qualify.


Save Trees. Cut Paper.

Ever wanted to know how you can save trees and time all at once? By signing up for E-Statements! An E-statement is the easier, safer, and more convenient way to get an electronic statement of your account retrieved on a monthly basis. Sign up today by visiting or calling 318-445-7388 to speak to a Member Service Representative!


Do you have the CenLA FCU Mobile App?

The Mobile App allows you to check balances faster, pay bills for free, transfer funds, and deposit money right from your mobile device. Don’t forget to turn on your push notifications to get live updates! You need to be enrolled in Virtual Branch to use this app. To enroll, visit or any location. The app is available for download in the App Store and on Google Play. Mobile baking is free to access but messaging and data rates may apply.


Important Funds Availability Change!

There are upcoming changes to the Funds Availability Schedule that will be effective July 1, 2020. These changes include:

  • If we place a hold on a deposit, the first $225.00 of the deposit will be available on the first business day after the deposit date.
  • If check deposits placed on any one (1) day total $5,525.00, there may be longer delays applied.
  • For New Accounts, the first $5,525.00 of a day’s total deposits of cashier’s, certified, teller’s traveler’s and federal, state and local government checks will be available on the next business day after the day of the deposit if the deposit meets certain conditions. The excess over $5,525.00 will be available on the ninth business day after the day of the deposit. If the deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,525.00 will not be available until the second business day after the day of the deposit.


Holiday Closures

  • Independence Day (observed) -- July 3
  • Independence Day -- July 4
  • Labor Day -- September 7


Board of Directors

Mr. Rodney Miller, Chairman

Mr. Joseph Moreau, First Chair

Mrs. Phyllis Holsomback, Secretary/Treasurer

Mr. Charles Arrington, Board Member

Mr. Terry Smith, Board Member

Mr. Thomas Davis, Board Member

Mrs. Debra Drayton, Board Member

Mr. Raymond Doucet, Board Member

Ms. Sandra Caston, Board Member



Ms. Sandra Caston, Chairperson

Mrs. Rebecca Prestridge, Member

Ms. Vallery Albritton, Member



Mrs. Cindy Sansing-James, CEO

Mrs. Rhonda Harvey, Exec VP



Ms. Ana Deloach, Marketing Director


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