L & N Federal Credit Union

Overview / Commentary
9201 Smyrna Pkwy
Louisville, KY 40229

L & N Federal Credit Union is headquartered in Louisville and is the 3rd largest credit union in the state of Kentucky. It is also the 232nd largest credit union in the nation. It was established in 1954 and as of December of 2023, it had grown to 292 employees and 113,063 members at 26 locations. L & N Federal Credit Union's money market rates are 9X the national average, and it has an A health rating.

Field of Membership Restrictions

L & N Federal Credit Union membership is open to those who live, work, worship, attend school, or belong to any legal entity in the Kentucky counties of Bullitt, Henry, Jefferson, Knox, Laurel, Oldham, Pulaski, Rockcastle, Shelby, Spencer, Trimble, or Whitley, or the Indiana counties of Clark or Floyd. Select areas of the Kentucky counties of Boone, Campbell, Gallatin, Grant, Kenton, and Pendleton, the Indiana counties of Dearborn and Ohio, and Hamilton County, Ohio also qualify.
See current membership details

Reviews (1)

Accounts are easy, staff is great, APR is good.

Posted by: |

I have banked with this credit union my entire life.
I have never encountered any troubles or issues so far.
Recently I requested a signature loan in order to pay off a couple high interest credit cards. The process was extremely easy and painless. I applied online and even did so with my phone. The application website was surprisingly easy to use. This is the first time that I have ever requested a loan by myself and the credit union was really great about walking me through everything as well as explaining all the ins and outs of the process and the future payments as well as interest and how it all works. It took a total of one application and one face to face interaction to receive approval. The credit union even took care of paying off the card that I have through them, for me. I didn't have to do a thing and received a notification within 3 days that the payment had posted and my card had a $0 balance.
The website is a little lacking in features, though. It could be better. I wish I could see more details per transaction and had an easier way to view each transaction.
The mobile app could definitely use some work as well. There are some features I would love to see implemented. I would like to have the ability to log in with my fingerprint, like a lot of my other apps allow me to do. I wish the push notifications worked better.
The Apple pay implementation was quite fast, overall. Within a couple weeks of having my phone, I was notified that my cards are now eligible for use. Adding them in was a little more difficult than I would have liked, but that is simply because my debit card is a printed card, rather than stamped with raised numbers. The apple camera realized they weren't raised letters and wouldn't allow me to "scan" it in, so I was forced to type it all.
The staff at the credit union is always extremely nice and helpful. Everyone seems to have a smile on their face and have gotten to recognize me when I come in for some help.


Health Grade Components

NCUA #9260
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD5.96%
Annual Interest Income$78.3MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$2.08B$1.93B
LoansQ4 2023vs Q4 2022$1.62B$1.38B
DepositsQ4 2023vs Q4 2022$1.76B$1.65B
Equity CapitalQ4 2023vs Q4 2022$226.3MM$212.7MM
Loan Loss AllowanceQ4 2023vs Q4 2022$4.9MM$5MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$6.3MM$3.8MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not L & N Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

L & N Federal Credit Union Savings Account Rates

0.20%-- IRA Account
0.20%*$100k*-Savings Account
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $50k | 0.15% $50k - $100k
0.10%*$100k*-HSA Checking
OTHER TIERS: 0.02% Up to $5k | 0.05% $5k - $25k | 0.07% $25k - $100k

L & N Federal Credit Union Money Market Rates

4.00%*$100k*-Money Market Account
OTHER TIERS: 2.00% Up to $25k | 2.50% $25k - $50k | 3.00% $50k - $100k
4.00%$25k-Premier Money Market Account

L & N Federal Credit Union Checking Account Rates

0.10%*$100k*-Preferred Business Checking
OTHER TIERS: 0.05% Up to $25k | 0.07% $25k - $100k
0.05%--Premium Checking Account
0.05%$2k-Gold Checking
0.05%$2k-Superior Checking
0.05%--Military Checking

L & N Federal Credit Union CD Rates

5.00%$1k-6 Month Share Certificate Special
4.25%$1k-2 Year Share Certificate Special
3.50%$1k-5 Year Share Certificate
3.25%$1k-3 Year Share Certificate
3.25%$1k-4 Year Share Certificate
2.00%$1k-18 Month Share Certificate
2.00%$1k-1 Year Share Certificate
2.00%$1k-1 Year HSA Share Certificate
2.00%$500-1 Year Youth Share Certificate
2.00%$500-1 Year Youth Education Share Certificate
2.00%$25k-91 Day Money Market CD
0.25%$250-1 Year Easy Save Share Certificate

L & N Federal Credit Union IRA Rates

5.00%$1k-6 Month IRA Certificate Special
4.25%$1k-2 Year IRA Certificate Special
3.50%$1k-5 Year IRA Certificate
3.25%$1k-3 Year IRA Certificate
3.25%$1k-4 Year IRA Certificate
2.00%$1k-1 Year IRA Certificate
2.00%$1k-18 Month IRA Certificate
0.25%$250-1 Year Easy Save IRA Certificate


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