Land Of Lincoln Credit Union is headquartered in Decatur and is the 32nd largest credit union in the state of Illinois. It is also the 937th largest credit union in the nation. It was established in 1947 and as of March of 2014, it had grown to 85 employees and 25,849 members. Land Of Lincoln Credit Union's savings rates are 92% higher than the national average, and it boasts a A+ health rating.
Must live or work in one of the following counties: Bond, Christian, Clark, Clay, Coles, Crawford, Cumberland, DeWitt, Douglas, Edgar, Effingham, Fayette, Jasper, Lawrence, Macon, Montgomery, Moultrie, Piatt, Richland, Sangamon or Shelby. Immediate Family of a Current Member. - See Details
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The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Land Of Lincoln Credit Union had $861,000 in non-current loans and owned real-estate with $19.92 million in equity and loan loss allowances on hand to cover it. This gives Land Of Lincoln Credit Union a Texas Ratio of 4.32% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Land Of Lincoln Credit Union decreased dramatically from 7.31% as of March 31, 2013 to 4.32% as of March 31, 2014, resulting in a positive change of 40.88%.This indicates that the balance sheet and financial strength for Land Of Lincoln Credit Union has improved dramatically in recent periods.
In the past year, Land Of Lincoln Credit Union has increased its total deposits by $10.1 million, resulting in 5.97% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Land Of Lincoln Credit Union has shown is excellent.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Land Of Lincoln Credit Union has $199.42 million in assets with $19.92 million in equity, resulting in a capitalization level of 9.99%, which is above average.
|Assets and Liabilities|
|Equity Capital||$18.42 million|
|Loan Loss Allowance||$1.50 million|
|Unbacked Noncurrent Loans||$846,000|
|Real Estate Owned||$15,000|
|Historic Data - March 2013|
|Equity Capital||$17.32 million|
|Loan Loss Allowance||$1.49 million|
|Unbacked Noncurrent Loans||$846,000|
|Real Estate Owned||$21,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.37%|
|Return on Assets||0.29%|
|Return on Equity||3.15%|
|Interest Income||$1.92 million|
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|1.00%||$50||-||Health Savings Account|
|0.45%||$50||-||Roth IRA Builder|
|0.10%||-||-||Christmas Club Account|
|0.10%||-||-||Vacation Club Account|
|0.30%||$100k||-||MAXimum Money Market|
|0.10%||$500||-||Share Draft Plus/Checking|
|0.10%||$500||-||Horizon Club Checking|
|0.10%||$500||-||Premier Advantage Checking|
|1.30%||$50k||-||1830 Day CD|
|1.00%||$50k||-||48 Month CD|
|0.80%||$50k||-||36 Month CD|
|0.55%||$50k||-||24 Month CD|
|0.55%||$50k||-||30 Month CD|
|0.40%||$50k||-||12 Month CD|
|0.40%||$50k||-||18 Month CD|
|0.30%||$50k||-||6 Month CD|
|0.25%||$50k||-||3 Month CD|
|0.15%||$100||-||12 Month Share Certificate Starter|
|Land Of Lincoln Credit Union Locations|
|Branch Office||2890 N Oakland Ave||Decatur, IL 62526|
|Branch Office||720 Broadway Ave||Mattoon, IL 61938|
|Branch Office||925 New York Dr Suite 4||Vandalia, IL 62471|
|Branch Office||151 N 22nd St||Decatur, IL 62521|
|Branch Office||3130 E Mound Rd||Decatur, IL 62526|
|Branch Office||1435 N Water St||Decatur, IL 62526|
|Branch Office||206 S Locust St||Pana, IL 62557|
|Branch Office||2302 S Banker St||Effingham, IL 62401|