MERITUS

Headquarters

515 GUILBEAU RD
Lafayette, LA 70506
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.91% →
1-Year CD 0.75% 0.85% →
2-Year CD 0.90% 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Credit Union Information

Meritus is an NCUA insured institution located in Lafayette, LA. It was founded in 1954 and has approximately $211.63 millions in assets.

Who can join?

Employees of Lafayette, Acadia, or Iberia Parish School System (full time, part time and substitutes), City of Crowley, and Acadia Parish Council on Aging are eligible for membership.

Membership is also offered to students of Acadiana High School (Lafayette Parish) and Broadmoor Elementary School (Lafayette Parish).

Additionally, family members of existing members can join. A family member is defined as spouse, children, siblings, parents, grandparents, grandchildren, stepparents, stepchildren, stepsiblings, and adoptive relationships

NCUA Insured Yes
Charter Number # # 9643
Date Established 1954
Assets $211.63 million
Loans $139.38 million
Deposits $184.10 million
Capital $26.11 million
 

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in Acadia, Iberia, Lafayette, St. Martin, and Vermilion Parishes and immediate family of existing members.

Deposit Rates - December 5, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.60% $10,000 $14,999 Learn More
6 Mo CD
0.60% $100,000 $199,999 Learn More
12 Mo CD
0.75% $10,000 $14,999 Learn More
12 Mo CD
0.75% $100,000 $199,999 Learn More
24 Mo CD
0.90% $10,000 $14,999 Learn More
24 Mo CD
0.90% $100,000 $199,999 Learn More
36 Mo CD
1.00% $10,000 $14,999 Learn More
36 Mo CD
1.00% $100,000 $199,999 Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.02% $2,500 $3,499 Learn MoreShow Less

Loan Rates - December 5, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for MERITUS

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.558% 2.500% 0.75 $1,905 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to MERITUS
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

Below are Meritus branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Meritus Locations


Financial Details

Meritus Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Meritus. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Meritus U.S. Average
4.91% 6.71

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 30, 2020, Meritus had $1,291,037 in non-current loans and $11,977 in owned assets. To cover these potential losses it had $26,109,441 in net worth and $436,567 in loans loss reserves. That gives it a Texas Ratio of 4.91%.

Net Worth
Meritus U.S. Average
12.33% 13.61%

Meritus FCU has a net worth of 12.33% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Meritus

Branches and Savings

What is Meritus?

A federal credit union, registered with the NCUA under certificate #9643.
Learn more about credit unions here.

Is Meritus FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Meritus?

Please see Field of Membership information above for information on who is eligible to join.

What are Meritus's share account and share certificate rates?

Meritus's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Meritus?

Meritus has total capital of $26.11 million. Full information on Meritus's financial position is located above.

Who owns Meritus?

Credit Unions are owned by their members.

Where are Meritus branches located?

See branch locations nearby.

Are Meritus ATMs Open 24/7?

Do Meritus ATMs accept cash deposits?

Can Meritus customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Meritus have a mobile app?

Does Meritus have mobile deposit?

Does Meritus have quick pay?

How can Meritus transfer money to other banks or credit unions?

Does Meritus report to credit bureaus?

Does Meritus use Chexsystems?

Does Meritus use Equifax?

What is Meritus's toll free phone number?

What is Meritus's ACH Routing Number?

What is Meritus's SWIFT code?

Where can I find Meritus's wire transfer form?

What is the Meritus address for deposits?

What Products Does Meritus Offer

Does Meritus offer mortgages?

Compare mortgage rates here.

Does Meritus offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Meritus offer auto and RV loans?

Compare auto loan rates here.

Does Meritus offer student loans or personal loans?

Compare personal loan rates here.

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