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Linn Area Credit Union

Linn Area Credit Union Locations
3330 Mt Vernon Rd SE
Cedar Rapids, IA 52403
1-800-950-LACU(5228)
www.linnareacu.org

Linn Area Credit Union is headquartered in Cedar Rapids and is the 9th largest credit union in the state of Iowa. It is also the 679th largest credit union in the nation. It was established in 1935 and as of September of 2011, it had grown to 84 employees and 23,596 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

Related Posts

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

ApyMinMaxProduct
3.00%-$25kHigh Yield Checking
0.25%$2,500-Free Checking
0.25%$2,500-Plugged-In Checking

Linn Area Credit Union Savings Account Rates

ApyMinMaxProduct
1.00%$10k$50kHealth Savings Account
1.00%$25-Roth IRA Variable Passbook
1.00%$25-IRA Variable Passbook
1.00%$25-CESA Variable Passbook
0.25%$100-Regular Share Savings
0.25%--Christmas Club

Linn Area Credit Union Money Market Rates

ApyMinMaxProduct
0.75%$100k$1mMoney Market Account

Linn Area Credit Union CD Rates

ApyMinMaxProduct
2.00%$1k-60 Month CD
1.50%$1k-36 Month CD
1.20%$1k-18 Month CD
1.20%$1k-15 Month CD Special
0.80%$1k-12 Month CD
0.50%$1k-6 Month CD
0.30%$1k-3 Month CD

Linn Area Credit Union IRA Rates

ApyMinMaxProduct
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
1.50%$1k-36 Month Roth IRA
1.50%$1k-36 Month CESA
1.20%$1k-15 Month IRA Special
1.20%$1k-18 Month IRA
1.20%$1k-15 Month Roth IRA Special
1.20%$1k-18 Month Roth IRA
1.20%$1k-15 Month CESA Special
1.20%$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: 2/11/2012 * Not all products updated

Data for Q3 2011


Institution Statistics


LINN AREA
NCUA #63602
BankRate ReportView
Year Established1935
Employees84
Primary Regulator

Assets and Liabilities

Assets$272.43 million
Loans$169.85 million
Deposits$246.28 million
Equity Capital$24.41 million
Loan Loss Allowance$1.04 million
Unbacked Noncurrent Loans$2.74 million
Real Estate Owned$1.06 million

Historic Data - September 2010

Assets$235.51 million
Equity Capital$22.42 million
Loan Loss Allowance$814,000
Unbacked Noncurrent Loans$2.19 million
Real Estate Owned$1.12 million

Profit Margin - Quarterly

Net Interest Margin3.87%
Return on Assets0.45%
Return on Equity5.06%
Interest Income$8.35 million
Non-Interest Income$3.41 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 September 30, 2011 Linn Area Credit Union had $3.81 million in non-current loans and owned real-estate with $25.45 million in equity and loan loss allowances on hand to cover it. This gives Linn Area Credit Union a Texas Ratio of 14.96% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Linn Area Credit Union held steady from 14.21% as of September 30, 2010 to 14.96% as of September 30, 2011, resulting in a negative change of 5.21%. This indicates that the balance sheet and financial strength for Linn Area Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Linn Area Credit Union has increased its total deposits by $35.14 million, resulting in 16.65% 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.
Capitalization3
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 $272.42 million in assets with $25.45 million in equity, resulting in a capitalization level of 9.34%, which is average.
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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.

2
 
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