About NODA Federal Credit Union
NODA Federal Credit Union services the United States Department
of Agriculture employees that are supervised out of the New Orleans
Metropolitan Area. NODA Federal Credit Union 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,
competitive products and services unsurpassed within Southeast Louisiana,
much so that current and potential members would have neither the
desire to "bank" elsewhere.
NODA, while functioning in the same operational manner as other
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
simplistic and idealistic, is the foundation upon which the credit
movement has been built. Be assured NODA continues to adhere to
Second, the unique characteristic this institution strives to demonstrate
that we truly are "At Your Service..." rather than simply
through advertisements and literature.
Your credit union is operated from policies set by the Board of
who are elected by you, the member. The Board of Directors do not
hefty paychecks or bonus, in fact they are VOLUNTEERS who donate
and knowledge to oversee the management and growth of your credit
There are no outside stockholders. Earnings are returned to you,
in the form of dividends on savings and better rates on loans. We
governed by NCUA (National Credit Union Administration), a U.S.
Agency. This assures each member that we follow all regulations
Credit Unions. Your accounts are federally insured by the NCUA for
per member. NODA is a member of the Louisiana Credit Union League.
Every year your Credit Union is examined by the NCUA to insure
soundness. The Supervisory Committee, volunteers from among the
appointed by the Board of Directors conduct periodic exams on internal
procedures. The last financial audit of NODA was completed October
by Joe Hamilton and Associates. The results of the audit were outstanding,
NODA is very well capitalized and continues to steadily grow strong.
Hamilton commended NODA on it's "incredible performance"
the staff on there performance. Financial statements for NODA FCU
NCUA insured credit unions can be viewed online at www.ncua.gov.
time of trouble with the banks, credit unions as a whole are standing
being safe, sound and well managed. According to NODA's recent audit,
stands out above most credit unions. You should be proud of your
and share the news about NODA with your family and friends. Let
them be a
part of the "Credit Union Difference" by inviting them
to join, if they are
not in our field of membership we will help you find a credit union
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,
of your Credit Union.
Your interest in NODA Federal Credit Union is valued and appreciated.
this institution continues to grow and develop, its Board of Directors,
management, and staff are committed to maintaining the high standards
service intended at its establishment more than 67 years ago.