About NODA Federal Credit Union

New Orleans Department of Agriculture Federal Credit Union (NODA) was established in 1941 to provide a low cost alternative financial institution for individuals who shared the common bond exclusive to its membership base. Even though its member groups are more numerous and diverse now, NODA remains committed to the ideals of the credit union movement and, more importantly, to provide for the needs and desires of its membership. Today, the credit union's objective is to produce a level of quality, quantity, convenient, and cost competitive products and services unsurpassed within Southeast Louisiana, so much so that current and potential members would have neither the need nor desire to "bank" elsewhere.

NODA, while functioning in the same operational manner as other financial services providers such as banks and savings and loans, is distinctively different in one important aspect, and is continually working toward uniqueness in another critical characteristic.

First, the primary difference is this institution's basic business motive--the principles under which it operates and exists--which is "not for profit, not for charity, but for service". This slogan, though seemingly simplistic and idealistic, is the foundation upon which the credit union movement has been built. Be assured NODA continues to adhere to this pledge.

Second, the unique characteristic this institution strives to demonstrate is that we truly are "At Your Service..." rather than simply proclaiming it through advertisements and literature.

Your credit union is operated from policies set by the Board of Directors who are elected by you the member. There are no outside stockholders. Earnings are returned to you the member in the form of dividends on savings and better rates on loans. We are governed by NCUA (National Credit Union Administration), a U.S. Government Agency. This assures each member that we follow all regulations governing Credit Unions. Your accounts are federally insured by the NCUA for $100,000 per member. We are a member of Louisiana Credit Union League.

Every year your Credit Union is examined by the NCUA to insure safety and soundness. The Supervisory Committee, volunteers from among the membership, appointed by the Board of Directors conduct periodic exams on internal procedures.

Providing financial fitness for each member is our goal. Whether you save or borrow, you can benefit in many ways by dealing with your member-owned Credit Union. This is your organization committed to providing quality financial services. Remember, when you need a financial service, think first of your Credit Union.

Your interest in New Orleans Department of Agriculture Federal Credit Union is valued and appreciated. While this institution continues to grow and develop, its Board of Directors, management, and staff are committed to maintaining the high standards of service intended at its establishment more than 60 years ago.