Lake Chem Community Federal Credit Union

Overview / Commentary

www.lakechemfcu.org

270-527-4389

35 Us Highway 68 E
Benton, KY 42025

Lake Chem Community Federal Credit Union is headquartered in Benton and is the 19^th largest credit union in the state of Kentucky. It is also the 2,075^th largest credit union in the nation. It was established in 1971 and as of September of 2019, it had grown to 23 employees and 12,087 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.
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Reviews (1)

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Love My Local FCU

Posted by: Heather Comer | Jun 30, 2016

The staff is always so helpful and friendly.

Comment

Health

B+

Data as of Q3 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. Lake Chem Community Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #	20641
Year Chartered	1971
Employees	23
Primary Regulator

Profit Margin
Return on Assets - YTD	0.48%
Return on Equity - YTD	5.22%
Annual Interest Income	$2.1MM

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$63.9MM$61.3MM
Loans	Q3 2019vs Q3 2018	$51.7MM$48.7MM
Deposits	Q3 2019vs Q3 2018	$57.4MM$55.7MM
Equity Capital	Q3 2019vs Q3 2018	$5.8MM$5.5MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$238.00K$135.00K
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$310.00K$196.00K
Real Estate Owned	Q3 2019vs Q3 2018	$0$103.00K

Rates

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

Lake Chem Community Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	-	-	IRA Share Account
0.75%^*	$100k^*	-	Premium Share Savings Account
OTHER TIERS: 0.25% → $25 - $7.5k \| 0.35% → $7.5k - $10k \| 0.45% → $10k - $20k \| 0.55% → $20k - $50k \| 0.65% → $50k - $100k
0.55%^*	$100k^*	-	Share Savings Account
OTHER TIERS: 0.10% → $25 - $7.5k \| 0.20% → $7.5k - $10k \| 0.30% → $10k - $20k \| 0.35% → $20k - $50k \| 0.50% → $50k - $100k
0.50%	$25	-	Kids Club Share Account
0.10%	-	-	Vacation Club Share Account
0.10%	-	-	Christmas Club Share Account

Lake Chem Community Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%	$500	-	Premium Share Draft Account

Locations

Lake Chem Community Federal Credit Union Locations
Branch Office	35 US Highway 68 E	Benton, KY 42025
Branch Office	4822 US Highway 62	Calvert City, KY 42029-8459
Branch Office	1105 Octane Dr	Murray, KY 42071

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