LANCO Federal Credit Union


Overview / Commentary
888-318-4222
349 W Roseville Rd
Lancaster, PA 17601

LANCO Federal Credit Union is headquartered in Lancaster and is the 71st largest credit union in the state of Pennsylvania. It is also the 1,660th largest credit union in the nation. It was established in 1965 and as of December of 2023, it had grown to 31 employees and 10,216 members at 3 locations. LANCO Federal Credit Union's money market rates are 7X the national average, and it 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, Pennsylvania.
See current membership details

Reviews (1)

Good Credit Union With One Flaw

Posted by: |

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.



Health

Health Grade Components

Overall
NCUA #16657
Year Chartered1965
Employees31
Primary Regulator
Profit Margin
Return on Assets - YTD1.18%
Return on Equity - YTD13.62%
Annual Interest Income$5.1MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$120.8MM$131.1MM
LoansQ4 2023vs Q4 2022$89.8MM$87.3MM
DepositsQ4 2023vs Q4 2022$109.5MM$118.6MM
Equity CapitalQ4 2023vs Q4 2022$10.5MM$9.5MM
Loan Loss AllowanceQ4 2023vs Q4 2022$851K$204K
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$492K$473K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not LANCO Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

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

LANCO Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$10kKasasa Saver
OTHER TIERS: 0.35% $10k+
0.35%$25-Individual Retirement Account
0.10%$25-Christmas Club Account
0.10%$25-Vacation Club Account
0.05%$25-Share Savings Account
0.05%$25-Hang Ten Savings
0.05%$25-Additional Savings

LANCO Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$100k*-Money Market Savings Account
OTHER TIERS: 0.65% $1.5k+ | 1.00% $25k - $50k | 1.50% $50k - $100k

LANCO Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*-$10kKasasa Cash
OTHER TIERS: 0.35% $10k+

LANCO Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.25%$1k-6 Month Share Certificate Special - New Money
5.00%$1k-12 Month Share Certificate Special-New Money
4.45%$1k-17 Month Share Certificate Special-New Money
1.95%$500-4 Year Share Certificate
1.95%$500-5 Year Share Certificate
1.75%$500-3 Year Share Certificate
1.60%$500-2 Year Share Certificate
1.55%$500-1 Year Share Certificate
1.25%$500-6 Month Share Certificate
1.00%$250-1 Year Youth Share Certificate

LANCO Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.95%$500-4 Year IRA Certificate
1.95%$500-5 Year IRA Certificate
1.75%$500-3 Year IRA Certificate
1.60%$500-2 Year IRA Certificate
1.55%$500-1 Year IRA Certificate
1.25%$500-6 Month IRA Certificate
Locations


LANCO Federal Credit Union Locations
Branch Office4213 Oregon PikeEphrata, PA 17522
Branch Office349 W Roseville RdLancaster, PA 17601
Branch Office2516 Willow Street Pike NWillow Street, PA 17584-9585

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