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L & N Federal Credit Union


Overview / Commentary
502-368-5858
9265 Smyrna Pkwy
Louisville, KY 40229

L & N Federal Credit Union is headquartered in LOUISVILLE and is the 2nd largest credit union in the state of Kentucky. It is also the 235th largest credit union in the nation. It was established in 1954 and as of March of 2019, it had grown to 245 employees and 90,513 members at 20 locations. L & N Federal Credit Union's money market rates are 2X 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, go to school, or belong to any legal entity in Boone, Bullitt, Campbell, Gallatin, Grant, Henry, Jefferson, Kenton, Knox, Laurel, Oldham, Pendleton, Pulaski, Rockcastle, Shelby, Spencer, Trimble, or Whitley Counties in Kentucky, or Clark, Dearborn, Floyd, or Ohio Counties in Indiana, or Hamilton County, Ohio.
See current membership details

Reviews (1)

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

Posted by: Cujo | Jul 11, 2015

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

Health Grade Components

Overall
NCUA #9260
Year Chartered1954
Employees245
Primary Regulator
Profit Margin
Return on Assets - YTD1.23%
Return on Equity - YTD10.79%
Annual Interest Income$12.4MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$1.32B$1.20B
LoansQ1 2019vs Q1 2018$932.6MM$857.6MM
DepositsQ1 2019vs Q1 2018$1.10B$1.06B
Equity CapitalQ1 2019vs Q1 2018$145.3MM$128.4MM
Loan Loss AllowanceQ1 2019vs Q1 2018$3.9MM$3.5MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$1.8MM$1.9MM
Real Estate OwnedQ1 2019vs Q1 2018$0$205.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$100k*-HSA Checking
OTHER TIERS: 0.10% Up to $5k | 0.20% $5k - $15k | 0.30% $15k - $25k | 0.40% $25k - $50k | 0.50% $50k - $100k
0.40%*$100k*-Savings Account
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.20% $25k - $50k | 0.30% $50k - $100k
0.20%-- IRA Account

L & N Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$100k*-Money Market Account
OTHER TIERS: 0.20% Up to $5k | 0.30% $5k - $15k | 0.40% $15k - $25k | 0.55% $25k - $50k | 0.65% $50k - $100k
1.00%$25k-Premier Money Market Account

L & N Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$100k*-Preferred Business Checking
OTHER TIERS: 0.20% Up to $25k | 0.40% $25k - $100k
0.15%--Premium Checking Account
0.15%$2k-Gold Checking
0.15%$2k-Superior Checking
0.15%--Military Checking

L & N Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.60%$1k-5 Year Share Certificate Special
2.50%$1k-3 Year Share Certificate
2.50%$1k-4 Year Share Certificate
2.40%$1k-2 Year Share Certificate Special
2.25%$1k-18 Month Share Certificate Special
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%$1k-1 Year Share Certificate Special
1.50%$25k-91 Day Money Market CD
1.26%$2.5k-6 Month Share Certificate
0.25%$250-1 Year Easy Save Share Certificate

L & N Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.60%$1k-5 Year IRA Certificate Special
2.50%$1k-3 Year IRA Certificate
2.50%$1k-4 Year IRA Certificate
2.40%$1k-2 Year IRA Certificate Special
2.25%$1k-18 Month IRA Certificate Special
2.00%$1k-1 Year IRA Certificate Special
1.26%$1k-6 Month IRA Certificate
0.25%$250-1 Year Easy Save IRA Certificate
Locations

Availability



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