LANCO Federal Credit Union is headquartered in Lancaster and is the 63rd largest credit union in the state of Pennsylvania. It is also the 1,608th largest credit union in the nation. It was established in 1965 and as of June of 2022, it had grown to 32 employees and 10,400 members at 4 locations. LANCO Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
LANCO Federal Credit Union membership is open to those who live, work, worship or attend school in Lancaster County.
See current membership details
Good Credit Union With One Flaw
i opened my account recently and i am pretty happy with lanco. i received awesome customer service on issues like fixing the name on my credit card. the only issue i dislike about this credit union is it is so small that the union uses a service called EZcardinfo to keep the credit card accounts up to date much like the lanco app keeps your bank info up to date. i don't remember being told about this but i looked into it and this service seems to have quite a few issues. i am canceling my card and going through a bank for a credit card. if not for that issue, i would give this credit union 5 stars.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 16657 |
| Year Chartered | 1965 |
| Employees | 32 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.63% |
| Return on Equity - YTD | 9.16% |
| Annual Interest Income | $1.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $131.2MM$124.4MM |
| Loans | Q2 2022vs Q2 2021 | $78.0MM$63.6MM |
| Deposits | Q2 2022vs Q2 2021 | $121.6MM$115.8MM |
| Equity Capital | Q2 2022vs Q2 2021 | $9.0MM$8.3MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $181.00K$313.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $593.00K$506.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |