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Linn Area Credit Union


Overview / Commentary
www.linnareacu.org
319-892-7300
3015 Blairs Ferry Rd NE
Cedar Rapids, IA 52402

Linn Area Credit Union is headquartered in Cedar Rapids and is the 10th largest credit union in the state of Iowa. It is also the 646th largest credit union in the nation. It was established in 1935 and as of December of 2021, it had grown to 92 employees and 25,572 members at 5 locations. Linn Area Credit Union's money market rates are 48% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Linn Area Credit Union is open to those who live or work in Benton, Black Hawk, Bremer, Buchanan, Cedar, Clayton, Clinton, Delaware, Dubuque, Fayette, Iowa, Jackson, Johnson, Jones, Keokuk, Linn, Louisa, Muscatine, Poweshiek, Scott, Tama or Washington in Iowa. Anyone whose family member is a current member of the credit union is also eligible to join.
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Reviews (2)

High yield earns me big $$

Posted by: |

I have multiple checking accounts with this credit union, as well as a savings account, and an organization I work for has their business account with them, which I'm a signer on. I've had nothing but good experiences with them, and their products. The high-yield checking account is awesome, with ATM fee refunds and interest earned that's much better than I'd get on most accounts, plus they don't charge me fees like most places do. It's not an option with the business account, but that's not a big deal for me.

They just got a mobile app too, finally, but I know they're smaller than the big places, so I'm sure it takes time to do that kind of stuff. It's really nice to be able to use my phone to check balances, transfer money, etc. I don't feel like I'm missing out on anything provided by a big bank, but I get way better service, pay less (or nothing) for fees, and always have super nice people to work with if I ever need anything!

2

I'm Very Upset That LACU Lowered Their HYC Rate To 4%

Posted by: |

I'm very upset that LACU lowered their HYC rate to 4%.  I moved my money to CRBT and have been very pleased to earn 5% there instead.

6


Health
A

Data as of Q4 2021

Learn why bank health matters

Health Grade Components

Overall
NCUA #63602
Year Chartered1935
Employees92
Primary Regulator
Profit Margin
Return on Assets - YTD1.12%
Return on Equity - YTD11.47%
Annual Interest Income$20.1MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$567.9MM$518.3MM
LoansQ4 2021vs Q4 2020$495.7MM$420.8MM
DepositsQ4 2021vs Q4 2020$465.8MM$448.3MM
Equity CapitalQ4 2021vs Q4 2020$55.3MM$49.2MM
Loan Loss AllowanceQ4 2021vs Q4 2020$1.6MM$1.7MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$910.00K$1.4MM
Real Estate OwnedQ4 2021vs Q4 2020$39.00K$158.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Linn Area 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.

Linn Area Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$10k*$50kHealth Savings Account
OTHER TIERS: 0.20% → $500 - $1k | 0.40% → $1k - $10k
0.40%$25-IRA Variable Savings
0.15%$100-Regular Share Savings
0.15%--Christmas Club
0.15%$100-Escrow Account

Linn Area Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$250k*-Money Market
OTHER TIERS: 0.15% → $1k - $50k | 0.35% → $50k - $100k | 0.45% → $100k - $250k
0.65%*$250k*-Business Money Market
OTHER TIERS: 0.40% → $1k - $50k | 0.55% → $50k - $250k

Linn Area Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*-$15kHigh Yield Checking - Qualifying
OTHER TIERS: 0.10% → $15k+
0.50%*$5k*-All-In Checking
OTHER TIERS: 0.15% → $1k - $2.5k | 0.25% → $2.5k - $5k
0.50%*$40k*-Business Driver Checking
OTHER TIERS: 0.10% → $2.5k - $7.5k | 0.20% → $7.5k - $15k | 0.30% → $15k - $25k | 0.40% → $25k - $40k
0.10%$2.5k-Free Checking
0.10%$2.5k-Beyond Business Checking
0.10%$2.5k-Family Business Checking

Linn Area Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$1k-15 Month CD Special
0.95%$1k-10 Month CD Special
0.40%$1k-12 Month CD
0.40%$1k-6 Month CD Special
0.25%$1k-9 Month CD
0.20%$1k-3 Month CD

Linn Area Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$1k-15 Month IRA Special
0.95%$1k-10 Month IRA Special
0.40%$1k-12 Month IRA
0.40%$1k-6 Month IRA Special
0.25%$1k-9 Month IRA
0.20%$1k-3 Month IRA
Locations


Linn Area Credit Union Locations
Branch Office3015 Blairs Ferry Rd NECedar Rapids, IA 52402
Branch Office3700 Edgewood Rd SWCedar Rapids, IA 52404
Branch Office3330 Mount Vernon Rd SECedar Rapids, IA 52403-3613
Branch Office619 20th Ave SWCedar Rapids, IA 52404
Branch Office3375 7th AveMarion, IA 52302

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