FORMATION Credit Union Profile

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FORMATION

Charter #3061 | NCUA Region 2 | FCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (225) 292-8910

Fax: (225) 296-0738

Founding Date: N/A

Website: https://www.formationcu.com

Personnel & Operations

President: Pastorek, John

Manager: Foy, Adam

FT Employees: 25

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 40

Branches: 2

Hours: 8:30am-4:30pm MTThF 9:00am-4:30pm W

Credit Union Profile Summary

FORMATION is a FCU Credit Union. With a total of 10,302 members [1], this institution manages approximately $102,203,621 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 13.03% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -7.43% [1].

Financial Snapshot

Total Assets [1]
$102,203,621

Total economic resources.

Total Loans [1]
$66,198,944

Total value of outstanding loans.

Total Deposits [1]
$88,472,669

Total funds deposited by members.

Members [1]
10,302

Number of active members.

Performance Ratios

Net Worth Ratio [1]
13.03%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.30%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
74.82%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 8.73%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↓ -7.43%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -3.87%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

10289 Airline Hwy

Baton Rouge, LA, 70816
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 2 branches reported by FORMATION (Charter #3061).

Main Office

Main Office Main Office

Type: Corporate Office

10289 Airline Hwy

Baton Rouge, LA 70816

Phone: (225) 292-8910

Services: Member Services, ATM, Drive-Thru

Open in Directions

Additional Branches

Baton Rouge

Coca-Cola Branch

Type: Branch Office

9696 Plank Rd

Baton Rouge, LA 70811-7401

Phone: (225) 292-8910

Services: Member Services, ATM

Open in Directions