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3015 Blairs Ferry Rd NE
Cedar Rapids, IA 52402

Linn Area Credit Union is headquartered in Cedar Rapids and is the 10st largest credit union in the state of Iowa. It is also the 668th largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 93 employees and 24,120 members. Linn Area Credit Union's savings rates are 15% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Membership is open to anyone who lives or works in Linn, Buchanan, Delaware, Jones, Cedar, Johnson, Iowa and Benton Counties in Iowa. Anyone whose family member is a current member of the credit union is also eligible to join. - See Details

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I'm Very Upset That LACU Lowered Their HYC Rate To 4%

I'm very upset that LACU lowered their HYC rate to 4%.  I moved my money to CRBT and have been very pleased to earn 5% there instead.


Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Linn Area Credit Union had $2.11 million in non-current loans and owned real-estate with $28.01 million in equity and loan loss allowances on hand to cover it. This gives Linn Area Credit Union a Texas Ratio of 7.52% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Linn Area Credit Union decreased slightly from 8.70% as of December 31, 2012 to 7.52% as of December 31, 2013, resulting in a positive change of 13.61%.This indicates that the balance sheet and financial strength for Linn Area Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Linn Area Credit Union has increased its total deposits by $15.66 million, resulting in 6.08% 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 Linn Area 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. Linn Area Credit Union has $309.74 million in assets with $28.01 million in equity, resulting in a capitalization level of 9.04%, which is average.

Institution Statistics

NCUA #63602
Year Chartered1935
Primary Regulator
Assets and Liabilities
Assets$309.74 million
Loans$206.70 million
Deposits$273.17 million
Equity Capital$26.92 million
Loan Loss Allowance$1.09 million
Unbacked Noncurrent Loans$1.13 million
Real Estate Owned$974,000
Historic Data - December 2012
Assets$289.10 million
Equity Capital$26.68 million
Loan Loss Allowance$904,000
Unbacked Noncurrent Loans$1.13 million
Real Estate Owned$1.36 million
Profit Margin - Quarterly
Net Interest Margin4.47%
Return on Assets0.78%
Return on Equity9%
Interest Income$11.24 million

Always verify rates and promotions with the bank or credit union. We are not Linn Area Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Linn Area Credit Union Savings Account Rates

0.60%$10k$50kHealth Savings Account
0.40%$25-Roth IRA Variable Passbook
0.40%$25-IRA Variable Passbook
0.40%$25-CESA Variable Passbook
0.15%$100-Regular Share Savings
0.15%--Christmas Club

Linn Area Credit Union Money Market Rates

0.50%$100k$1mMoney Market

Linn Area Credit Union Checking Account Rates

2.00%-$15kHigh Yield Checking
0.10%$2,500-Free Checking
0.10%$2,500-Plugged-In Checking

Linn Area Credit Union CD Rates

1.60%$1k-60 Month CD
1.10%$1k-36 Month CD Special
0.80%$1k-18 Month CD
0.70%$1k-15 Month CD
0.50%$1k-12 Month CD
0.35%$1k-6 Month CD
0.20%$1k-3 Month CD

Linn Area Credit Union IRA Rates

1.60%$1k-60 Month IRA (Traditional,Roth,CESA)
1.10%$1k-36 Month IRA Special (Traditional,Roth,CESA)
0.80%$1k-18 Month IRA (Traditional,Roth,CESA)
0.70%$1k-15 Month IRA (Traditional,Roth,CESA)
0.50%$1k-12 Month IRA (Traditional,Roth,CESA)
0.35%$1k-6 Month IRA (Traditional,Roth,CESA)
0.20%$1k-3 Month IRA (Traditional,Roth,CESA)

Linn Area Credit Union Locations
Branch Office3015 Blairs Ferry Rd NECedar Rapids, IA 52402
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Branch Office619 20th Ave SWCedar Rapids, IA 52404
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