Average User Rating:
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Linn Area Credit Union

3015 Blairs Ferry Rd NE
Cedar Rapids, IA 52402
(319) 378-0101
www.linnareacu.org

NCUA

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Linn Area Credit Union is headquartered in Cedar Rapids and is the 9^th largest credit union in the state of Iowa. It is also the 683^rd largest credit union in the nation. It was established in 1935 and as of December of 2012, it had grown to 89 employees and 23,494 members. Linn Area Credit Union's savings rates are 92% higher than the national average, and it has a 4-star health rating.

Linn Area Credit Union Routing Number: 273972897

2.60% 15-Month CD at Linn Area Credit Union in Iowa - Local Only - 6/14/2009

Linn Area Credit Union is offering a special 2.60% APY 15-month CD. Minimum deposit is $1,000. The rate is listed at the credit union's rate table as of 6/14/09.The credit union has been offering a high yield reward checking account for over a year that...

2.90% 15-Month CD at Linn Area Credit Union in Iowa - Local Only - 5/15/2009

Linn Area Credit Union is offering a special 15-month CD with a 2.90% APY. Minimum deposit is $1,000. The special is listed at the credit union's CD rate page as of 5/15/09. The credit union continues to offer a high-yield reward checking account. As of...

5.00% Reward Checking Account at an Iowa CU (Linn Area) - 5/15/2008

Linn Area Credit Union is offering a reward checking account that pays 5.00% APY on balances up to $25,000 (0.30% over) and refunds all ATM fees if online banking has been activated and if the following monthly requirements are met:12 signature-based...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Linn Area Credit Union Checking Account Rates

Apy	Min	Max	Product
3.00%	-	$15k	High Yield Checking
0.25%	$2,500	-	Free Checking
0.25%	$2,500	-	Plugged-In Checking

Linn Area Credit Union Savings Account Rates

Apy	Min	Max	Product
1.00%	$10k	$50k	Health Savings Account
0.60%	$25	-	Roth IRA Variable Passbook
0.60%	$25	-	IRA Variable Passbook
0.60%	$25	-	CESA Variable Passbook
0.25%	$100	-	Regular Share Savings
0.25%	-	-	Christmas Club

Linn Area Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.75%	$100k	$1m	Money Market

Linn Area Credit Union CD Rates

Apy	Min	Max	Product
2.00%	$1k	-	60 Month CD
1.50%	$1k	-	36 Month CD Special
1.00%	$1k	-	18 Month CD
1.00%	$1k	-	15 Month CD
0.80%	$1k	-	12 Month CD
0.50%	$1k	-	6 Month CD
0.30%	$1k	-	3 Month CD

Linn Area Credit Union IRA Rates

Apy	Min	Max	Product
2.00%	$1k	-	60 Month IRA
2.00%	$1k	-	60 Month Roth IRA
2.00%	$1k	-	60 Month CESA
1.50%	$1k	-	36 Month IRA Special
1.50%	$1k	-	36 Month Roth IRA Special
1.50%	$1k	-	36 Month CESA Special
1.00%	$1k	-	15 Month IRA
1.00%	$1k	-	18 Month IRA
1.00%	$1k	-	15 Month Roth IRA
1.00%	$1k	-	18 Month Roth IRA
1.00%	$1k	-	15 Month CESA
1.00%	$1k	-	18 Month CESA
0.80%	$1k	-	12 Month IRA
0.80%	$1k	-	12 Month Roth IRA
0.80%	$1k	-	12 Month CESA
0.50%	$1k	-	6 Month IRA
0.50%	$1k	-	6 Month Roth IRA
0.50%	$1k	-	6 Month CESA
0.30%	$1k	-	3 Month IRA
0.30%	$1k	-	3 Month Roth IRA
0.30%	$1k	-	3 Month CESA

Rates updated: 5/21/2013

Data for Q4 2012

Institution Statistics

LINN AREA
NCUA #	63602
BankRate Report	View
Year Chartered	1935
Employees	89
Primary Regulator
Assets and Liabilities
Assets	$289.10 million
Loans	$181.26 million
Deposits	$257.51 million
Equity Capital	$26.68 million
Loan Loss Allowance	$904,000
Unbacked Noncurrent Loans	$1.05 million
Real Estate Owned	$1.36 million
Historic Data - December 2011
Assets	$284.34 million
Equity Capital	$24.14 million
Loan Loss Allowance	$1.30 million
Unbacked Noncurrent Loans	$1.36 million
Real Estate Owned	$1.06 million
Profit Margin - Quarterly
Net Interest Margin	4.99%
Return on Assets	0.9%
Return on Equity	9.78%
Interest Income	$11.09 million
Non-Interest Income	$5.75 million

Institution Health

Overall Score:

4 out of 5

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, 2012 Linn Area Credit Union had $2.4 million in non-current loans and owned real-estate with $27.58 million in equity and loan loss allowances on hand to cover it. This gives Linn Area Credit Union a Texas Ratio of 8.70% which is above average. 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 held steady from 9.52% as of December 31, 2011 to 8.70% as of December 31, 2012, resulting in a positive change of 8.58%.This indicates that the balance sheet and financial strength for Linn Area Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Linn Area Credit Union has decreased its total deposits by $-597,000, resulting in -0.23% 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 average.
Capitalization
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 $289.1 million in assets with $27.58 million in equity, resulting in a capitalization level of 9.54%, which is average.

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

- Anonymous - Tuesday, April 27, 2010 - 11:07 AM

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.

Linn Area Credit Union

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