Rapides Federal Credit Union was chartered in 1958, to give members an opportunity to save their money collectively and to provide low cost loans to members. The Credit Union is a legal organization chartered under law as a non profit organization owned and operated by its members for the benefit of all who belong. Our genuine goal is to pay the highest dividends possible and provide reasonable interest rates to better serve our members with their financial future.  

FIELD OF MEMBERSHIP EXPANDED 
RAPIDES FEDERAL CREDIT UNION HAS EXPANDED ITS FIELD OF MEMBERSHIP TO INCLUDE ANYONE WHO LIVES, WORKS, ATTEND SCHOOL, OR WORSHIP IN RAPIDES PARISH AND THEIR IMMEDIATE FAMILY. IT ALSO INCULDES ANY LEGAL BUSINESSES AND THEIR EMPLOYEES.

EVERYONE IS WELCOME!

CONTACT THE BROADWAY AVENUE OFFICE FOR MORE INFORMATION. 

HISTORY

The credit union idea is a simple one: People should be able to pool their money and make loans to each other. It's an idea that evolved from cooperative activities in 19th century Europe. Since that time, the idea's guiding principles have remained the same: (1) Only people who are credit union members should borrow there; (2) loans are made for "prudent and productive" purposes; (3) a person's desire to repay (character) is considered more important than the ability (income) to repay. Members are, after all, borrowing their own money and that of their friends. These principles still govern most of the world's credit unions. As the 20th century began, the credit union idea surfaced in Canada. Canada's successful efforts profoundly influenced two Americans: Pierre Jay, the Massachusetts banking commissioner, and Edward A. Filene, a Boston merchant.

Regulation and Supervision  
 
Credit unions are chartered under either federal or state law. Federally chartered credit unions are regulated by the National Credit Union Administration (NCUA), an independent agency of the U.S. Government. NCUA's three board members are nominated by the President and confirmed by the Senate. State chartered credit unions are regulated by their state credit union department. NCUA administers the federal insurance fund (NCUSIF), which covers all federal credit unions and most state chartered credit unions. No taxpayer money is used for regulating and overseeing federal credit unions, as all activities of NCUA and the NCUSIF are funded by credit unions. 

JOB OPPORTUNITIES   

Rapides Federal Credit Union has several jobs to fit your educational background. You may apply at the Broadway Office between the hours of 10:00am-5:00pm, Monday-Friday. Please bring an updated resume'. Your on-site interview will be held upon the completion of your application.