Overview / Commentary
Lennox Employees Credit Union is headquartered in Marshalltown and is the 37th largest credit union in the state of Iowa. It is also the 2,173rd largest credit union in the nation. It was established in 1948 and as of March of 2025, it had grown to 12 employees and 6,514 members at 1 location. Lennox Employees Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to employees of Lennox Industries, Cessford Construction Co., Ritchie Industries, Area Education Agency 6, Central Iowa Machine Shop, Credit Bureau of Marshalltown, Goods Construction, K & M Manufacturing and over 40 other Select Employer Groups in Iowa and Texas.
See current membership details
Health
B+
Data as of Q1 2025
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. Lennox Employees Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 64234 |
| Year Chartered | 1948 |
| Employees | 12 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.11% |
| Return on Equity - YTD | 1.22% |
| Annual Interest Income | $780K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $68.2MM$61.9MM |
| Loans | Q1 2025vs Q1 2024 | $38.8MM$38.3MM |
| Deposits | Q1 2025vs Q1 2024 | $62.2MM$55.5MM |
| Equity Capital | Q1 2025vs Q1 2024 | $5.8MM$5.1MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $151K$118K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $387K$596K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |