Overview / Commentary
LG&E Co. Credit Union is headquartered in Louisville and is the 27th largest credit union in the state of Kentucky. It is also the 2,539th largest credit union in the nation. It was established in 1934 and as of December of 2019, it had grown to 10 employees and 3,188 members at 2 locations. LG&E Co. Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership to LG&E Co. Credit Union is open to employees and retirees of Louisville Gas & Electric Company or its subsidiaries and their families.
See current membership details
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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. LG&E Co. Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 61123 |
| Year Chartered | 1934 |
| Employees | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.64% |
| Return on Equity - YTD | 4.4% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $40.6MM$38.5MM |
| Loans | Q4 2019vs Q4 2018 | $19.8MM$18.7MM |
| Deposits | Q4 2019vs Q4 2018 | $34.4MM$32.7MM |
| Equity Capital | Q4 2019vs Q4 2018 | $5.9MM$5.7MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $75.00K$78.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $11.00K$80.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |