Last Updated: May 30, 2024

About First Federal Bank of Louisiana

It’s simple really – we’re local!
First Federal Bank of Louisiana is a full-service, locally owned, community bank that has helped build the communities we serve for over 60 years.   With 17 branches serving 10 cities in Louisiana, we are proud to offer our customers a wide variety of products and services to meet all of their financial needs.  We offer Personal and Business Checking Accounts, Savings and CD’s, multiple Retirement Options, Home Equity Credit Lines, as well as Mortgages and Consumer Loans. Our established Investment and Insurance divisions also offer a full line of products for First Federal Bank customers.  Over the years, First Federal Bank has established a reputation for fast, professional service.  We believe our customers expect and deserve nothing less.
Mission Statement
To continue earning the trust and confidence of our members by delivering outstanding financial services and products to our community consistent with the utmost standards of safety and soundness. At First Federal, member expectations will be exceeded.
Enterprise Risk Management
Measuring and Managing Enterprise-Wide Risk to Improve Organizational Performance and Profitability
Enterprise Risk Management (ERM) is a discipline by which First Federal measures, monitors and controls various types of risk on a bank-wide basis. Our Board of Directors and Senior Management remain very involved in administering the policy and procedures in place in order to mitigate our risk factors.
We use key risk indicators to improve our organization’s risk strategy.
We understand how key risk indicators are implemented as assessment tools for effective ERM. We have a bank-wide initiative to minimize operational risk exposure and a risk management system that includes bank awareness and accountability throughout all lines of business.
We have an ERM framework that works to mitigate risk and uses measures and metrics to identify, manage and combat enterprise risk. Our main goal is to lessen the influence and impact of market conditions on our business and the bank’s assets.
Major Risk Focus:
Strategic Risk
Credit Risk
Liquidity Risk
Reputation Risk
Market Risk (Interest Rate Risk)
Price Risk
Operational Risk
Compliance/Legal Risk
Each line of business is assessed with specific guidelines to accurately measure the Quantity and Quality of risk. This management is used to derive the Aggregate Risk (summary judgment that reflects the level of supervisory concern) and the Direction (likely changes to the risk profile over the next twelve months) and is reflected on a Risk Assessment Grid.
Google Maps
Web Renewal