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First Lincoln Credit Union

Overview
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First Lincoln Credit Union is a federal credit union based in Lincoln, Nebraska. It has been opened since 1956, for 64 years.

With around $22,410,000 in assets, First Lincoln Credit Union is considered to be an average size credit union.

About
Address Po Box 5872
Lincoln, Nebraska 68505
Website http://www.firstlincoln.org
Phone (402) 466-4040
Fax (402) 466-5405
CEO Jill Bailey
President of the Board Kenneth Sabata
Services Offered
Map
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Score Card
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64 years
Years in business
Opened in 1956
Well Capitalized
Net worth classification
Source: NCUA
3,276 members
Membership type: Community credit union
Average number of members
546:1
Credit union member to staff ratio
546 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$22,407,580
Total assets
Average size
1 branch
Compared with an average of 4 nationally and 2 in Nebraska
Average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 2 in Nebraska
Average number of branches
First Lincoln Credit Union Branch Locations

First Lincoln Credit Union: Main Office
5730 R. Street Suite A.
Lincoln, Nebraska 68505
No ATM
Members
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3,276 members
Membership type: Community credit union
Average number of members

With 3,276 members, the First Lincoln Credit Union is considered to be a medium size credit union. It is larger than 47% of credit unions.

Fees
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$21
Average fee per member
The average fee per member at the First Lincoln Credit Union is $21, which is low compared to most credit unions. This rate is lower than 72% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the First Lincoln Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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546:1
Credit union member to staff ratio
546 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
6 staff members
FTE (full-time equivalent)
0% of employees are part-time
6 full-time, 0 part-time

First Lincoln Credit Union has 6 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. First Lincoln Credit Union has around 546 members per staff, a high ratio compared to other credit unions.

Assets
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$22,407,580
Total assets
Average size
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
12.6%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$9,424
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 44% of credit unions.

First Lincoln Credit Union holds a total of $15,390,000 in loans and leases, which is about $9,424 per member on average.

Savings interest rate
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0.10%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. First Lincoln Credit Union pays 0.10%.

Loan rates
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9.50%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.50%
New car loan rate
Compared to 4.0% nationally
4.00%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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6.75%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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Credit Card Loan Interest Rate
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