Federal credit union · Baton Rouge, Louisiana · NCUA charter #3061
FORMATION
Health score 79/100, grade B (Very Good) - from the NCUA 5300 Call Report, 2025Q4.
- 79
- Health / 100
- $96.5M
- Total assets
- 10,635
- Members
- 13.6%
- Net-worth ratio
FORMATION scores 79/100 on PlainCU's health composite from NCUA 5300 Call Report data (2025Q4). Assets $96.5M; members 10,635; net-worth ratio 13.64%; health rank #2,848 of 4,374; healthier than 33rd of scored peers.
NCUA 5300 Call Report masthead
NCUA 5300 Call Report Masthead
#2,848 of 4,374 health · 2025Q4FORMATION · health 79/100 · $96.5M · 2025Q4
- ASSETS 79/100
- MEM 13.6%
- RANK 1.77%
- PHOTO 0.40%
- BOOK $96.5M
- CHARTER 10,635
- NCUSIF #2,848/4,374
- CAMELS Lake Chem Community
- HEALTH 3061
Call Report peers
FORMATION in the assets neighbourhood
FORMATION's $96.5M assets sit next to Lake Chem Community ($96.4M) on the assets neighbourhood; peer NAMES stay, and the masthead VALUES are this credit union's Call Report.
Subscribe to this credit union's financial changes (RSS) — one item per NCUA 5300 call report, no account required.
FORMATION vs every NCUA-scored credit union
Where this credit union's health score sits among every federally insured CU with a scored NCUA 5300 filing
79 33rd percentile higher than 33% of 4,374 credit unions
every scored credit union, bucketed by value
Each bar is a band; taller bars hold more credit unions. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count and share, and where it sits relative to this entry.
Source NCUA 5300 Call Report aggregates · 2025Q4
FORMATION - Share Insurance Coverage
Composite supervisory bracket and risk-based capital, read from the 2025Q4 NCUA Call Report for charter #3061. See our deposit-insurance coverage note.
Peer-gap read for FORMATION
- Strongest edge vs 584 $50M–$100M peers is Loan-to-Share Ratio: +11.19 pp (73.79% vs 62.60%).
- Widest shortfall vs peers is Delinquency Rate: +0.81 pp (1.77% vs 0.96%).
Peer averages are NCUA 5300 means for the $50M–$100M cohort (584 CUs), 2025Q4 vintage - registry deltas only, not a join recommendation.
Louisiana standing for FORMATION
- In Louisiana, health place is #64 of 138 on the same NCUA-ratio sort used nationally.
- By total assets, FORMATION is #30 of 138 in Louisiana.
- Louisiana membership ordinal: #25 of 138.
In-state ordinals use the live credit_unions table for LA only - ROW_NUMBER sorts match /rankings healthiest and largest, scoped to the state.
How FORMATION's 5300 filing moved
FORMATION: total assets by quarter
4 Call Report filings on this page's own vintage chain
- Assets moved -1.4% from $96.5M (2025Q4) to $95.2M (2026Q1).
- Net-worth ratio shifted +0.33 pp (13.31% → 13.64%).
Trajectory uses quarterly_financials rows already on this page - same NCUA 5300 vintage chain, not a forecast.
At 13.64%, this credit union is above the 7.0% NCUA well-capitalized threshold under PCA rules.
How the 79/100 score is built
Each segment is a pillar's weighted contribution to the composite; widths sum to 79.
- Net Worth Ratio 30.0 pts
- Delinquency Rate 14.2 pts
- Return on Assets 13.5 pts
- Member Growth 5.9 pts
- Loan-to-Share Ratio 15.4 pts
Financial Health Metrics
| Metric | Value | vs peer |
|---|---|---|
| Net Worth Ratio | 13.64% | +0.02 pp |
| Delinquency Rate | 1.77% | +0.81 pp |
| Return on Assets | 0.40% | -0.26 pp |
| Member Growth | -1.71% | - |
| Loan-to-Share Ratio | 73.79% | +11.19 pp |
Health score = weighted composite of the five NCUA ratios above. Scores based on NCUA 5300 Call Report Q4 2025 data. Peer group: $50M–$100M (584 CUs).
Call Report history - FORMATION
| Quarter | Assets | Members |
|---|---|---|
| 2026Q1 | $95.2M | - |
| 2025Q4 | $96.5M | 10,635 |
| 2024Q4 | $99.7M | 10,820 |
| 2023Q4 | $95.2M | 10,565 |
Credit Union Details
- Charter Number
- 3061
- Type
- Federal
- Field of Membership
- Community
- Peer Group
- $50M–$100M
- State
- Louisiana
- City
- Baton Rouge
- Data Quarter
- 2025Q4
Branch Locations (2)
Per its most recent NCUA branch filing, FORMATION runs 2 offices.
| Office | City |
|---|---|
| Main Office (Main Office) | Baton Rouge, LA |
| Total Source Building | Baton Rouge, LA |
Source: NCUA Credit Union Branch Information, 2025Q4 filing.
Nearby Credit Unions in Louisiana
Other federally-insured credit unions in Louisiana, closest first by peer group and asset size.
Cross-state Call Report peers for FORMATION
Two NCUA Call Report peer sets for FORMATION, both outside Louisiana so the neighborhoods are not state containment (the Nearby list above stays in-state).
Similar total assets
Nearest other-state credit unions with ≥$10M assets ($96.5M here).
Similar health score
Nearest other-state credit unions by five-factor health composite (79/100 here).
Using this data
- FORMATION ranks #2,848 of 4,374 nationally on financial health and #64 of 138 in LA -- the national figure is a benchmark, not a prediction for how any specific account performs. National health rankings
- ZELLCO is a nearby credit union with a similar profile -- compare the two side by side before deciding where to bank. Compare with ZELLCO
- Rates and health both vary by institution, not just by state -- see how Louisiana credit unions compare overall before assuming this one is typical. Louisiana state overview
National and state figures are benchmarks built from NCUA 5300 Call Report data, not a recommendation for any individual account decision.
Frequently Asked Questions
Is FORMATION financially healthy?
FORMATION has a financial health score of 79/100 (Very Good) based on NCUA 5300 Call Report data as of Q4 2025. On the national health ranking (same basis as /rankings/healthiest), it sits at #2,848 of 4,374; by total assets it ranks #1,853 of 4,374 nationally (same basis as /rankings/largest); and #30 of 138 within Louisiana. Scores above 80 indicate excellent financial health; scores below 50 may warrant closer monitoring. Key factors include net worth ratio of 13.64% and delinquency rate of 1.77%.
How does FORMATION compare to other credit unions?
On PlainCU's health composite, FORMATION lands at 79/100, compared to a peer group average for $50M–$100M credit unions. Five NCUA-reported metrics feed that number: net worth ratio (weighted 30%), delinquency rate (25%), return on assets (15%), member growth (15%), and loan-to-share ratio (15%).
What is a credit union health score?
A credit union health score is a composite rating (0–100) that combines five financial metrics reported to the NCUA: net worth ratio (capital adequacy), delinquency rate (loan quality), return on assets (profitability), member growth, and loan-to-share ratio (liquidity balance). Scores above 80 indicate excellent financial health; 60–79 is good; 40–59 is fair; below 40 is weak.
How can I join FORMATION?
FORMATION operates under a community charter, meaning membership is generally open to anyone who lives, works, worships, or attends school within its defined geographic service area, no employer or association tie required. Contact FORMATION directly for the exact boundaries and application steps.
Is my money safe at FORMATION?
Federal credit unions like FORMATION are insured by the National Credit Union Share Insurance Fund (NCUSIF), administered by the NCUA. Each individual depositor is insured up to $250,000, the same limit as FDIC-insured banks. FORMATION's net worth ratio of 13.64% exceeds the 7% threshold NCUA considers "well capitalized."
What rates does FORMATION offer compared to banks?
Credit unions like FORMATION are not-for-profit cooperatives, which typically allows them to offer higher savings rates and lower loan rates than banks. Nationally, credit unions average 0.25–0.50% lower auto loan rates and 0.10–0.30% higher savings yields. Contact FORMATION directly for current rates, or compare overall credit union vs bank rates on our rates comparison page.
Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. Credit union figures are computed directly from NCUA quarterly call report data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.