Since 1884, Eureka Homestead has been providing sensible savings and mortgage options to the Greater New Orleans community.  Eureka Homestead is chartered as a Savings Association.  The primary regulator is the Office of Thrift Supervision (OTS).  The bank has been FDIC insured since 1935.  At the end of 2008, the bank had assets of $111,491,000.  For the year of  2008 the bank had net income $1,322,000.  According to the FDIC required call report for the bank, Eureka Homestead had non-current loans that were 0% of total loans and leases.

Eureka Homestead had core capital or leverage ratio of 10.98% as of September, 2008.  At that time the bank also had tier 1 risk-based capital ratio of 21.10% and total risk-based capital ratio of 21.54%.

Eureka offers traditional deposit products including passbook savings accounts and certificates of deposit, as well as loan products.  The bank’s passbook savings account has a minimum to open of only $25.00, interest that is compounded daily and credited to the account quarterly.  The bank money market account has a minimum to open of $2,500.00 and no monthly penalty for balance below $2,500.  Interest is compounded daily and credited to account monthly.  The certificate of deposit minimum to open is $1,000.00 that has a variety of terms and rates, automatic renewal at maturity, interest compounded daily and interest credited to account monthly, quarterly or annually.

3 month CD rate is 1.75% APY
6 month CD earns a rate of 1.75% APY
1 year CD rate is 2.25% APY
18 month CD has a rate of 2.50% APY
2 year bump rate CD rate is 2.50% APY
30 month CD earns a rate of 2.75% APY
3 year CD rate is 3.00% APY
5 year CD rate is 3.25% APY

Eureka serves customers in the metropolitan New Orleans area.   The bank has no obligation to open or renew an account for anyone whose residence is outside of this area.  CD rates subject to change without notice and additional conditions may apply.  For current CD rates and account information the bank can be reached directly at 504-834-0242.  Bank CD rates and account data is also available on the bank website at www.eurekahomestead.com.

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