Formation
Formation is a credit union based in Baton Rouge, Louisiana, established in 1939, with $95 million in total assets serving 9,111 members. By Trust Grade it ranks 46th of 136 credit unions we track in Louisiana. Its net worth ratio of 13.6% trails most similarly sized credit unions (46th percentile), versus a Louisiana median of 14.5%. It was profitable over the most recent period, with a 0.60% return on assets. No consumer complaints against Formation appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Formation compares to Louisiana peers
How we graded Formation
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (13.6% capital ratio)
- Profitable (ROA 0.60%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Formation over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Formation insured?
Yes. Formation is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Formation: frequently asked questions
Is Formation a good credit union?
Formation earns a Bankzia Trust Grade of A (95/100, "Excellent"), based on a financial-strength score of 95/100 (it has no CFPB complaints on record). Strongly capitalized (13.6% capital ratio); Profitable (ROA 0.60%).
Is Formation NCUA-insured?
Yes. Formation is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Formation?
Formation holds $95 million in total assets, ranking 46th of 136 credit unions we track in Louisiana. It serves 9,111 members.
Does Formation have CFPB complaints?
No CFPB complaints against Formation appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
