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Vermilion Employees Credit Union is a small FISCU serving 2,377 members in Abbeville, LA with $14.5M in assets and a strong 15.48% net worth ratio.
Data compiled from public sources
Vermilion Employees Credit Union (Charter #61540) is a member-owned, not-for-profit financial institution headquartered in Abbeville, Louisiana, operating under NCUA Region 2 supervision as a Federally Insured Credit Union (FISCU). Founded to serve the local community, it has established itself as a stable financial cooperative focused on member services and community lending.
The credit union offers standard member services typical of small community credit unions, including share accounts (savings), share certificates, and lending products. With one branch location and a lean operational structure of 3 full-time employees, Vermilion Employees maintains direct member access through its main office in Abbeville. The institution emphasizes personalized service and local decision-making characteristic of smaller credit unions.
Vermilion Employees distinguishes itself through exceptionally strong capital reserves, with a Net Worth Ratio of 15.48%—well above the 7.0% regulatory minimum—indicating substantial financial stability and safety for member deposits. The credit union demonstrates active lending growth (16.32% over four quarters) despite modest overall asset growth, suggesting selective, responsible lending activity. Its Loan-to-Share Ratio of 75.38% reflects healthy balance between lending activity and liquidity maintenance.
As a micro-credit union with 2,377 members and $14.5M in assets, Vermilion Employees is best suited for individuals seeking relationship banking with a local, established institution rather than those requiring extensive product variety or national reach. The small staff size and single branch location may limit accessibility for members outside Abbeville, and the lack of online reviews suggests minimal digital presence or marketing. However, the institution's strong capital position and positive four-quarter metrics indicate sound operational management.
This is state-level context for Credit Unions consumers in Abbeville, LA. It does not confirm that Vermilion Employees or this specific location is licensed.
State regulator
Louisiana Office of Financial Institutions
Consumer protection
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Vermilion Employees offers 11 services including Share accounts (savings accounts) for member deposits, Share certificates (CDs) for fixed-term savings products, Member loans funded through lending portfolio, Member services and account management, In-person teller services at corporate office, and 6 more.
Vermilion Employees has profile signals associated with Residents of Abbeville, Louisiana and surrounding Vermilion Parish seeking local banking with relationship-based service, Individuals prioritizing financial institution safety and stability over product variety and digital convenience, Members of the local business or employee community with established ties and referrals to the credit union, Savers and borrowers comfortable with traditional banking hours (9am-5pm weekdays) and in-person transactions.
Key strengths: high listed Net Worth Ratio of 15.48%, more than double the 7.0% regulatory minimum, indicating strong financial stability; Strong loan growth of 16.32% over four quarters shows active, healthy lending operations; Healthy Loan-to-Share Ratio of 75.38%, maintaining appropriate balance between lending and liquidity. Areas to consider: Micro-institution with only 2,377 members and $14.5M in assets limits product offerings and technology investment compared to larger credit unions; Single branch location in Abbeville, LA restricts accessibility for members outside immediate area with no indication of mobile or online-only alternatives.
In the Credit Unions category, comparable providers include 705, Aneca, Barton Plant Employees. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Vermilion Employees Credit Union is profile signals for Abbeville-area residents and established community members seeking stable, relationship-based financial services from a well-capitalized local institution. The main caveat is that as a micro-credit union, it offers limited geographic accessibility, minimal digital/online banking infrastructure, and a narrower product range than regional or national credit unions, making it unsuitable for members requiring modern technology platforms or services outside traditional banking hours.
705 Federal Credit Union is a not-for-profit, member-owned credit union serving the Acadiana area since 1968, offering savings accounts, loans, credit cards, and financial education to eligible members.
Profile signals: Employees of Acadiana-area businesses with partnerships with 705 FCU seeking lower-cost financial services, Family members of existing 705 FCU members looking to join a member-owned credit union
ANECA Federal Credit Union is a member-owned credit union offering auto loans, credit cards, share certificates, and free credit monitoring through SavvyMoney.
Profile signals: Members seeking free credit monitoring and score tracking without hard inquiries or membership fees, Auto loan borrowers looking for rate claims to verify below 6% APR with community-focused lending
Bloomington Postal Employees Credit Union (BPECU) is a federally insured, state-chartered credit union serving postal workers and families since 1933, operating as McLean County's oldest credit union.
Profile signals: U.S. Postal Service employees seeking financial services from a member-owned, mission-aligned institution, Postal worker families wanting relationship banking with long-term institutional stability and community focus
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