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Labor Management Federal Credit Union


Overview / Commentary
www.lmfcu.net
270-295-3422
679 State Route 1957
Lewisport, KY 42351

Labor Management Federal Credit Union is headquartered in LEWISPORT and is the 32nd largest credit union in the state of Kentucky. It is also the 2,974th largest credit union in the nation. It was established in 1974 and as of December of 2019, it had grown to 9 employees and 2,388 members at 1 location. Labor Management Federal Credit Union's CD rates are 39% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, worship and work in Hancock County, Kentucky.
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Health
B+

Data as of Q4 2019

Learn why bank health matters
Additional 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 Chartered1974
Employees9
Primary Regulator
Profit Margin
Return on Assets - YTD0.19%
Return on Equity - YTD1.42%
Annual Interest Income$1.0MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$27.9MM$26.9MM
LoansQ4 2019vs Q4 2018$20.8MM$20.4MM
DepositsQ4 2019vs Q4 2018$24.1MM$23.1MM
Equity CapitalQ4 2019vs Q4 2018$3.7MM$3.7MM
Loan Loss AllowanceQ4 2019vs Q4 2018$59.00K$55.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$76.00K$52.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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Labor Management Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$100-Variable Rate IRA
0.30%$50-Dividend Savings
0.30%--Christmas Club
0.30%--Vacation Club

Labor Management Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--Dividend Checking

Labor Management Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$500-60 Month CD
1.75%$500-36 Month CD
1.50%$500-24 Month CD
1.35%$500-18 Month CD
1.25%$500-12 Month CD
1.00%$500-6 Month CD

Labor Management Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$500-60 Month IRA
1.75%$500-36 Month IRA
1.50%$500-24 Month IRA
1.35%$500-18 Month IRA
1.25%$500-12 Month IRA
1.00%$500-6 Month IRA
Locations


Labor Management Federal Credit Union Locations
Branch Office679 STATE ROUTE 1957LEWISPORT, KY 42351-6967

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