KeyPoint Federal Credit Union
is a credit union
headquartered in Baton Rouge, Louisiana
and chartered and regulated under the authority of the National Credit Union Administration
(NCUA). Like all credit unions, KeyPoint Federal is owned by its membership, governed by a Board of volunteers, elected by and from the membership.
KeyPoint Federal Credit Union was founded as COPO Federal Credit Union in 1955 by a small group of committed and concerned employees
of the Copolymer Rubber & Chemical Corporation, which later became DSM Copolymer. In 2003, COPO received a community charter by the NCUA giving them the ability to open their membership to anyone who lives, works, worships
, attends school
in or is a business entity
in East Baton Rouge
, West Baton Rouge
, and Ascension
) Since then, the credit union has grown to serve over 7,500 members and handle finances totaling over $40 million.
KeyPoint is noted as being the first credit union in the Baton Rouge area to obtain a community charter, and was quickly followed by many others in the region.
In 2006, KeyPoint approved a $409,891.98 loan to Keryn Goynes, who later plead guilty to charges of making a false statement to a credit union.