Business Details
50+ Years
experience
Emergency
services
Your Trusted Credit Union in Rayne, Louisiana
Established in 1942, People's Credit Union was founded by Msgr. Hubert A. Lerschen to promote financial responsibility and accessible credit within the Rayne community. Our mission centers on encouraging thrift, providing fair credit access, and offering comprehensive financial services through a member-owned cooperative model. With over eight decades of service, we maintain a commitment to democratic member control and community-focused banking. Our federally insured accounts ensure security up to $250,000 through NCUA protection while delivering modern solutions like mobile banking and digital transactions.We specialize in checking and savings accounts with transparent fee structures, competitive loan programs, and personalized financial education resources. Our operational philosophy emphasizes local market understanding, maintaining physical branch accessibility alongside 24-hour ATM availability. Through consistent dividend returns and innovative service features like Visa purchase alerts, we prioritize member satisfaction and financial empowerment. Our leadership in credit union education and community engagement reflects our dedication to evolving member needs while preserving core cooperative values.
Services
Checking Accounts
Savings Accounts
Vehicle Loans
Mobile Banking
Debit Cards
Online Transactions
Safe Deposit Boxes
Direct Deposit
Details
- Year established: 1942
Highlights and features
- Federally insured accounts protected up to $250,000 by NCUA
- No monthly service charges on checking accounts
- Mobile banking with 24/7 transaction monitoring
- Competitive loan rates with flexible credit score tiers
- Locally managed financial institution serving Rayne since 1942
Associations and certifications
- NCUA
- CUNA
Services
Checking Accounts
Our no-monthly-fee checking accounts provide unrestricted access to funds with convenient 24/7 ATM availability. Members benefit from immediate transaction processing and electronic fund transfer capabilities. The account includes complimentary debit card access and direct deposit options for payroll or government benefits.
Savings Accounts
Minimum $25 savings accounts earn quarterly dividends based on current rates. These federally insured accounts offer secure wealth-building opportunities with flexible access to funds. Account holders receive monthly statements tracking balance growth and transaction history.
Vehicle Loans
New and used vehicle financing available up to 72 months with competitive APR rates. Loan terms require minimum 90% collateral value pledge with restrictions on vehicle age and condition. Specialized motorcycle and watercraft financing options mirror standard vehicle loan parameters.
Mobile Banking
24/7 account access through secure mobile applications enables real-time transaction monitoring, bill payments, and check deposits. Visa purchase alerts provide instant fraud detection capabilities. The platform supports both Apple and Android operating systems with biometric login options.
Signature Loans
Unsecured loans up to $15,000 with interest rates determined by credit score tiers. Terms range from 1-5 years with fixed APRs from 9-18%. These flexible-use loans require no collateral and feature streamlined application processes for qualified applicants.
Questions
How do I report a lost debit card?
Call 1-800-500-1044 immediately for after-hours lost card reporting. Visit our Rayne branch during business hours for replacement assistance.
What loan terms do you offer for vehicle financing?
New vehicles up to 72 months at 5% APR, used vehicles up to 60 months at 6.25% APR. No vehicles over 15 years old qualify.
Are my accounts federally insured?
Yes, all accounts receive federal insurance coverage up to $250,000 through the National Credit Union Administration (NCUA).
Do you offer mobile check deposit?
Yes, our mobile banking app includes remote deposit capture for personal and business checks with daily transaction limits.
What are your branch operating hours?
Monday-Thursday 8:00AM-4:55PM, Friday 8:00AM-5:00PM. 24-hour ATM available at our main location.
How are savings account dividends calculated?
Dividends calculate based on daily balances and credit union rates, crediting quarterly. Current rates display on our website and branch postings.
Reviews (3)
Tracy Inman
Jan 26, 2021
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I cant ask for a better bank they are friendly they are fast to serve you and they know there people your not a number there your a customer that they know would recommend to anyone I had a bigger bank but chose to be at people's where you get good service and they deal with all of our needs
Kayshia Nelson
Sep 12, 2019
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Been with them for 15+ years, taken out several loans and acquired a savings account! They have always been super helpful and given the best service.
Pamela Bellard
Dec 27, 2018
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Everyone is super nice really helpful They charge you for everything even though You have an account with them
