Overview / Commentary
Lake Chem Community Federal Credit Union is headquartered in Benton and is the 19th largest credit union in the state of Kentucky. It is also the 2,056th largest credit union in the nation. It was established in 1971 and as of December of 2019, it had grown to 26 employees and 12,226 members at 3 locations. Lake Chem Community Federal Credit Union's savings rates are 44% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
Lake Chem Community Federal Credit Union is open to anyone who lives, works, worships or attends school in Marshall or Calloway counties.
See current membership details
Reviews (1)
Love My Local FCU
Posted by: Heather Comer | Jun 30, 2016
The staff is always so helpful and friendly.
Health
B+
Data as of Q4 2019
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. Lake Chem Community Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 20641 |
| Year Chartered | 1971 |
| Employees | 26 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.25% |
| Return on Equity - YTD | 2.86% |
| Annual Interest Income | $2.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $65.3MM$61.7MM |
| Loans | Q4 2019vs Q4 2018 | $51.7MM$49.3MM |
| Deposits | Q4 2019vs Q4 2018 | $59.5MM$56.0MM |
| Equity Capital | Q4 2019vs Q4 2018 | $5.7MM$5.6MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $186.00K$145.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $210.00K$184.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |