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.
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.
See current membership details
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!
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.
Overall | |
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NCUA # | 63602 |
Year Chartered | 1935 |
Employees | 92 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.12% |
Return on Equity - YTD | 11.47% |
Annual Interest Income | $20.1MM |
Assets and Liabilities | ||
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Assets | Q4 2021vs Q4 2020 | $567.9MM$518.3MM |
Loans | Q4 2021vs Q4 2020 | $495.7MM$420.8MM |
Deposits | Q4 2021vs Q4 2020 | $465.8MM$448.3MM |
Equity Capital | Q4 2021vs Q4 2020 | $55.3MM$49.2MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $1.6MM$1.7MM |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $910.00K$1.4MM |
Real Estate Owned | Q4 2021vs Q4 2020 | $39.00K$158.00K |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
Linn Area Credit Union Locations | ||
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Branch Office | 3015 Blairs Ferry Rd NE | Cedar Rapids, IA 52402 |
Branch Office | 3700 Edgewood Rd SW | Cedar Rapids, IA 52404 |
Branch Office | 3330 Mount Vernon Rd SE | Cedar Rapids, IA 52403-3613 |
Branch Office | 619 20th Ave SW | Cedar Rapids, IA 52404 |
Branch Office | 3375 7th Ave | Marion, IA 52302 |