Linn Area Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.00% | Reward Checking | High Yield Checking 1.83% - National Average |
| 1.60% | 5-year CD | 60 Month CD 2.25% - Ally Bank High Yield 5 Year CD |
| 0.50% | 1-year CD | 12 Month CD 1.40% - Synchrony Bank 12 Month CD |
Linn Area Credit Union is headquartered in Cedar Rapids and is the 8th largest credit union in the state of Iowa. It is also the 614th largest credit union in the nation. It was established in 1935 and as of March of 2017, it had grown to 94 employees and 25,150 members at 5 locations. Linn Area Credit Union's money market rates are 14% higher than the national average, and it has a B+ 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.
See current membership details
Related Posts
High yield earns me big $$
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'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.
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 63602 |
| Year Chartered | 1935 |
| Employees | 94 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.45% |
| Return on Equity - YTD | 5.27% |
| Annual Interest Income | $3.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $419.2MM$364.9MM |
| Loans | Q1 2017vs Q1 2016 | $338.5MM$283.9MM |
| Deposits | Q1 2017vs Q1 2016 | $325.9MM$291.8MM |
| Equity Capital | Q1 2017vs Q1 2016 | $35.6MM$33.5MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $1.6MM$1.5MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $3.0MM$2.7MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $357.00K$394.00K |
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.
Linn Area Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.60%* | $10k* | $50k | Health Savings Account | ||
| OTHER TIERS: 0.20% → $500 - $1k | 0.40% → $1k - $10k | |||||
| 0.40% | $25 | - | IRA Variable Passbook | ||
| 0.40% | $25 | - | CESA Variable Passbook | ||
| 0.15% | $100 | - | Regular Share Savings | ||
| 0.15% | - | - | Christmas Club | ||
Linn Area Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $100k* | $1m | Money Market | ||
| OTHER TIERS: 0.01% → $1mm+ | 0.15% → $1k - $10k | 0.20% → $10k - $50k | 0.40% → $50k - $100k | |||||
Linn Area Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.00%* | - | $15k | High Yield Checking - Qualifying | ||
| OTHER TIERS: 0.10% → $15k+ | |||||
| 0.10% | $2,500 | - | Free Checking | ||
| 0.10% | $2,500 | - | Plugged-In Checking | ||
Linn Area Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.60% | $1k | - | 60 Month CD | |
| 1.00% | $1k | - | 36 Month CD | |
| 0.80% | $1k | - | 18 Month CD | |
| 0.75% | $1k | - | 12 Month One Jump CD | |
| 0.70% | $1k | - | 15 Month CD | |
| 0.50% | $1k | - | 12 Month CD | |
| 0.35% | $1k | - | 6 Month CD | |
| 0.20% | $1k | - | 3 Month CD |
Linn Area Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.60% | $1k | - | 60 Month IRA | |
| 1.00% | $1k | - | 36 Month IRA | |
| 0.80% | $1k | - | 18 Month IRA | |
| 0.75% | $1k | - | 12 Month One Jump IRA | |
| 0.70% | $1k | - | 15 Month IRA | |
| 0.50% | $1k | - | 12 Month IRA | |
| 0.35% | $1k | - | 6 Month IRA | |
| 0.20% | $1k | - | 3 Month IRA |
| Linn Area Credit Union Locations | ||
|---|---|---|
| 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 |