Labor Management Federal Credit Union
Labor Management Federal Credit Union
LOCATIONS
1
View locations
HEALTH RATING
B+
View health report
CURRENT TOP RATE
1.10% APY
IRA Savings
View all rates
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.75% | 1-year CD | 12 Months CD 1.40% - Synchrony Bank 12 Month CD |
| 0.30% | Savings | Savings Account 1.15% - CIT Bank Spring Savings |
| 1.00% | 3-year CD | 36 Months CD 1.85% - Synchrony Bank 36 Month CD |
Overview / Commentary
Labor Management Federal Credit Union is headquartered in LEWISPORT and is the 34th largest credit union in the state of Kentucky. It is also the 3,123rd largest credit union in the nation. It was established in 1974 and as of March of 2017, it had grown to 6 employees and 2,174 members at 1 location. Labor Management Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, worship and work in Hancock County, Kentucky.
See current membership details
Health
B+
Data as of Q1 2017
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Labor Management Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 21853 |
| Year Chartered | 1974 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.95% |
| Return on Equity - YTD | 7.15% |
| Annual Interest Income | $221.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $26.1MM$23.3MM |
| Loans | Q1 2017vs Q1 2016 | $17.5MM$15.6MM |
| Deposits | Q1 2017vs Q1 2016 | $22.6MM$20.0MM |
| Equity Capital | Q1 2017vs Q1 2016 | $3.4MM$3.2MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $95.00K$75.00K |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $68.00K$53.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $0$0 |
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Labor Management Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.10% | - | - | IRA Savings | |
| 0.30% | - | - | Savings Account | |
| 0.30% | - | - | Christmas Club | |
| 0.30% | - | - | Vacation Club |
Labor Management Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.30% | $10k | - | Checking Account |
Labor Management Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | $1k | - | 36 Months CD | |
| 0.85% | $1k | - | 24 Months CD | |
| 0.80% | $1k | - | 18 Months CD | |
| 0.75% | $1k | - | 12 Months CD | |
| 0.35% | $1k | - | 6 Months CD |
Labor Management Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | $1k | - | 36 Months IRA CD | |
| 0.85% | $1k | - | 24 Months IRA CD | |
| 0.80% | $1k | - | 18 Months IRA CD | |
| 0.75% | $1k | - | 12 Months IRA CD | |
| 0.35% | $1k | - | 6 Months IRA CD |
Locations
| Labor Management Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 679 STATE ROUTE 1957 | LEWISPORT, KY 42351-6967 |