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iAdvertiser Disclosure
Advertiser Disclosure
Some institutions listed may have a business relationship with MonitorBankRates. Our proprietary systems independently track and verify all rates. Advertiser relationships do not influence our Safety Ratings, Star Ratings, Texas Ratio calculations, or the rates shown.
 Essential Credit Union Rates & Review March 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Read Full Bio →
Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
✓Fact Checked
Rates Last Updated: March 23, 2026
Essential Credit Union's 18-Month CD Special rates are at 3.95%, 18-month CDs rates are at 3.95%, 3-month CDs, IRA rates are at 3.75%, 12-month CDs rates are at 3.50%, 12-month CDs, IRA, Roth, Educational IRA rates are at 3.50%. Essential Credit Union's savings rates are at 0.20%. Essential Credit Union's money market rates are at 0.40%. Essential Credit Union's Personal Loan Rates are at 9.95%. MonitorBankRates evaluates the financial stability of Essential Credit Union with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 11.36%. Rates were last updated on 03/23/2026. Essential Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Essential Credit Union? Share your experience about Essential Credit Union by leaving a review below, or read customer reviews before you decide to use Essential Credit Union. Essential Credit Union
Towne Center Operations Center 2370 Towne Center BLVD
https://www.essentialcu.org Baton Rouge, LA 70806 
Essential Credit Union CD Rates
Essential Credit Union Savings Rates
Essential Credit Union Money Market Rates
Essential Credit Union Checking Rates
Essential Credit Union Auto Loan Rates
Essential Credit Union Credit Card Rates
Essential Credit Union Personal Loan Rates
Methodology & Data SourcesMonitorBankRates Star Rating
Our rating for Essential Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.
Texas Ratio
We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.
Rate Data Aggregation
We gather Essential Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with Essential Credit Union's official website for the most current offers and terms.
Credit Union Profile & Overview
Credit Union Name
Essential Credit Union
Website
https://www.essentialcu.org
Address
2370 Towne Center BLVD,
Baton Rouge, LA 70806
Phone
866-345-7135
Fax
President
Stephan Pierre
CEO
Richard Williams
Full-Time Employees
94
Part-Time Employees
2
Branch Locations
6
ATM Locations
7
NCUA Insured
✓ Yes — Up to $250,000 per depositor
FinancialsMonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A (94/100)
Texas Ratio
11.36%
Return on Assets (ROA)
-0.2554%
Return on Equity (ROE)
-2.7609%
Non-Performing Loans Ratio (NPL)
1.32%
Total Assets
414,095,877
Total Amount of Shares and Deposits
356,045,783
Total Shares and Deposits < 1 Year
279,626,101
Total Shares and Deposits 1 3 Years
42,086,842
Total Shares and Deposits > 3 Years
34,332,840
Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)
14,002,828
Total Uninsured Shares and Deposits > $250K (F+J)
14,002,828
Total Insured Shares and Deposits > $250K (item 17 less item K)
342,042,955
Total Interest Expense (Sum of items 6 8)
6,378,753
Share Certificates
1,513
Number of Accounts for Share Drafts
21,951
IRA KEOGH Accounts
402
Number of Accounts for Regular Shares
39,631
Non Member Deposits
19
Money Market Shares
327
Total Cash on Deposit (Amounts Deposited in Financial Institutions)
33,682,102
Total Liabilities
386,633,307
Source: NCUA — Last Updated 09/30/2025
Frequently Asked Questions About Essential Credit UnionIs Essential Credit Union a safe place to deposit money?Yes, Essential Credit Union is considered a safe financial institution. With a Texas Ratio of 11.360017809804%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category. How many branches does Essential Credit Union operate?Essential Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes. Is a member application needed to join Essential Credit Union?Yes, to access services at Essential Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations. Is there a first-time homebuyer program?Currently, Essential Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing. Are credit management and repair services offered?While formal credit repair services are not currently listed, Essential Credit Union provides members with tools to manage their accounts and build a solid financial history. Does Essential Credit Union offer online and mobile banking?Most modern institutions like Essential Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.essentialcu.org. Current Essential Credit Union Rates
Retrieved from our database of financial products. Rates subject to change.
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