Timeline Stories

We changed our name to Formation Credit Union to represent our philosophy and commitment to our members and their families.

The Federal Credit Union Act was enacted, authorizing states to charter Federal Credit Unions.

The first credit union was established in New Hampshire.

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.