Meritus Credit Union (formerly known as Lafayette Schools FCU) has been open since 1954. It's the 16th largest credit union in Louisiana with assets totaling $204.83 Million and providing banking services to more than 22,000 members. Membership: The credit union is a community-based financial institution. People living, working, or worshipping in the credit union's geographic area can become a member and access banking services. Membership is also open to immediate family of current members.