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Historic Louisiana

An illustrated history of Louisiana, paired with the histories of companies, families and organizations that make the state great.

An illustrated history of Louisiana, paired with the histories of companies, families and organizations that make the state great.

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NEW ORLEANS<br />

FIREMEN’S<br />

FEDERAL<br />

CREDIT UNION<br />

✧<br />

Above: The New Orleans Firemen’s Federal<br />

Credit Union serves the New Orleans Fire<br />

Department plus over two hundred other<br />

select employee groups.<br />

Below: The corporate headquarters for the<br />

New Orleans Firemen’s Federal Credit<br />

Union is located at 4401 West Napoleon<br />

Avenue in Metairie, <strong>Louisiana</strong>.<br />

The New Orleans Firemen’s Federal Credit<br />

Union began in 1934, in a small room behind<br />

the New Orleans Fire Department’s Central<br />

Station. Today it is a successful, stable and<br />

growing financial institution with over $65<br />

million in assets and more than two hundred<br />

Select Employee Groups in addition to the<br />

New Orleans Fire Department. The corporate<br />

office is located at 4401 West Napoleon<br />

Avenue in Metairie, <strong>Louisiana</strong>.<br />

The New Orleans Firemen’s Federal Credit<br />

Union proudly holds the sixth charter issued<br />

to a federal credit union in the United States<br />

and will celebrate its seventieth year of<br />

operation in October 2004. “The key to our<br />

success is that we have never forgotten that<br />

our mission is to serve our members. Our<br />

members’ financial needs are our primary<br />

concern, and we take pride in the fact that we<br />

listen when our members, our owners, talk.”<br />

said NOFFCU President Donald Bock.<br />

“In 1934, when the credit union was<br />

organized for New Orleans firemen,” Bock<br />

added, “firemen had it twice as difficult.<br />

Starting wages were only $85 per month for a<br />

72-hour week. Being in a high-risk job made<br />

lenders shy even further away.”<br />

“Six or seven people put up a few dollars<br />

each to start the credit union,” Bock reports.<br />

“For years, the credit union operated out of a<br />

room in New Orleans Central Fire Station<br />

with one full-time person and three or four<br />

part-time people.”<br />

In 1980, when Bock became the president<br />

of NOFFCU, it had $3 million in assets. In<br />

the twenty years since, it has grown to<br />

over $65 million in assets and serves<br />

17,000 members, with 5 full-service centers,<br />

located in Orleans, Jefferson, St. James, and<br />

St. Tammany Parishes.<br />

“Over the years, our membership has<br />

expanded to include several Select Employee<br />

Groups and has become a full service financial<br />

institution with twenty-four hour access,” says<br />

Chief Executive Officer Judy DeLucca. “As a<br />

full service institution we help our members<br />

by giving them an option to the banking<br />

industry. With a multitude of products to offer,<br />

our goal is to become the primary financial<br />

institution to all of our members. We want<br />

them to think of us as family—the entity they<br />

turn to when they need help.”<br />

In President Lyndon Johnson’s words, “We<br />

labor to increase the total abundance of all…<br />

by pursuing the growth of all, we advance the<br />

welfare of each.”<br />

HISTORIC LOUISIANA<br />

126

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