The Credit Union Mission
The mission of credit unions is to provide and promote the use of a variety of financial services which feature particular benefits and advantages over those generally available from other banking sources, with specific intent of helping members gain some particular measure of personal financial success.
Total Choice Federal Credit Union is a cooperative institution formed for the purpose of encouraging savings, offering loans and providing a wide range of financial and related services to its members at competitive rates.
Philosophy & Structure
Credit Unions are democratically owned and controlled institutions based on ‘people helping people’ principles. Credit union boards of directors are elected by members;each member has an equal vote, regardless of how much he or she has on deposit. Only members may serve as directors, and directors serve without compensation. Credit unions have no outside stockholders, so after reserves are set aside, earnings are returned to members in the form of higher dividends on savings, lower loan rates and lower cost services.
Message from the CEO
TCFCU membership is comprised of members who live, work or worship in St. Charles, St. John, and St. James Parishes.
TCFCU was organized in 1976, and has grown to over $50 million is assets. Our membership totals over 6,500. We exist solely to help our members obtain sound financial footing and reach their personal financial goals.
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.
LCUL- Louisiana Credit Union League
The Louisiana Credit Union League is a trade association that exists to serve credit unions in Louisiana.
LCUL is dedicated, through cooperation, to promote, protect and perpetuate the credit union movement. LCUL accomplishes this by providing member credit unions with quality leadership to achieve positive results in the areas of: governmental affairs, research and information, education and training, and community and public relations. And by making available other services which our credit unions need or desire in order to enhance their ability to successfully meet their members’ needs.