L&N Credit Union

L&N Credit Union

Overview / Commentary
4101 Vanderbilt Rd
Birmingham, AL 35217

L&N Credit Union is headquartered in Birmingham and is the 78th largest credit union in the state of Alabama. It is also the 4,141st largest credit union in the nation. It was established in 1952 and as of December of 2019, it had grown to 3 employees and 1,530 members at 1 location. L&N Credit Union has a C health rating.

Field of Membership Restrictions

Employment by a sponsoring company. Once you become a member you are always eligible, even if you leave the sponsoring company. Family relationship, by blood or marriage, to a current member.
See current membership details

Reviews (1)

Served My Purposes

My experience with this credit union has been quite some time ago (1980s), so some of its practices and procedures likely have changed. I became a member through the company I worked at. This was the first time I was offered a credit card, and did I ever use that!! The only thing I was leery about (and they very likely don't do this now) was, if I placed a call for them to send me a check for a certain amount of money from my account, all I needed to tell them was my Social Security number as identification. A dangerous thing to do today. But otherwise, I found them to be a fine help and I have no other complaints. They offered loans, lines of credit, savings, checking accounts (which I had there), other things that a regular bank would.

Additional 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. L&N Credit Union has a very low asset base.

Health Grade Components

NCUA #62356
Year Chartered1952
Primary Regulator
Profit Margin
Return on Assets - YTD0.26%
Return on Equity - YTD1.39%
Annual Interest Income$451.00K
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$8.5MM$8.7MM
LoansQ4 2019vs Q4 2018$6.1MM$6.2MM
DepositsQ4 2019vs Q4 2018$6.9MM$7.1MM
Equity CapitalQ4 2019vs Q4 2018$1.6MM$1.6MM
Loan Loss AllowanceQ4 2019vs Q4 2018$30.00K$38.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$172.00K$66.00K
Real Estate OwnedQ4 2019vs Q4 2018$75.00K$55.00K

Sorry, we do not have rate data for L&N Credit Union.


L&N Credit Union Locations
Branch Office4101 Vanderbilt RdBirmingham, AL 35217

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