James “Beaver” Foy retired as our CEO and president after 28 years. Adam Foy assumed the role after his departure.
Louisiana USA is $80 million in assets.
Acquired Capital City Press FCU.
Created our Mortgage Center, offering full service mortgage solutions.
Became a Co-Op Shared Branching outlet.
James Foy appointed President/CEO, credit union was $25 million in assets.
Changed our name to Louisiana USA. Membership was extended to other employee groups. By the mid-1990s, we had more than 350 employer groups join Louisiana USA.
Credit Unions were authorized to open their charters to gain new groups.
Credit Union assets tripled across the country.
NCUA was created, an agency strictly in charge of regulating credit unions. The credit union’s version of the FDIC was also created called the NCUSIF.