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Lampco Credit Union Share
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Overview Share
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Lampco Credit Union is a federal credit union based in Anderson, Indiana. It has been opened since 1962, for 60 years.

With around $60,360,000 in assets, Lampco Credit Union is considered to be a large credit union. It has 2 branches and 3 ATM locations.

About Share
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Address 5411 Drive Martin Luther King Jr Boulevard
Anderson, Indiana 46013
Website http://www.lampco.com
Phone (765) 649-9226
Fax (765) 649-1626
CEO Willie E. Hendricks
President of the Board John Jacobs
Services Offered
Score Card Share
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60 years
Years in business
Opened in 1962
Well Capitalized
Net worth classification
Source: NCUA
8,231 members
Membership type: Community credit union
Above average number of members
323:1
Credit union member to staff ratio
323 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$60,362,037
Total assets
Above average
2 branches
Compared with an average of 4 nationally and 3 in Indiana
Above average number of branches
0.03%
Savings interest rate
Compared to 0.3% nationally
Branches Share
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2 branches
Compared with an average of 4 nationally and 3 in Indiana
Above average number of branches
Lampco Credit Union Branch Locations

Lampco Credit Union: Main Office
5411 Drive Martin Luther King Jr Boulevard
Anderson, Indiana 46013
ATM Available
Lampco Credit Union: North Branch
525 E. Hartman Road
Anderson, Indiana 46012
ATM Available
Members Share
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8,231 members
Membership type: Community credit union
Above average number of members

With 8,231 members, the Lampco Credit Union is considered to be a large credit union. It is larger than 67% of credit unions.

Fees Share
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$83
Average fee per member
The average fee per member at the Lampco Credit Union is $83, which is high compared to most credit unions. This rate is higher than 76% of all credit unions.
Fees are higher 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 Lampco Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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323:1
Credit union member to staff ratio
323 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
26 staff members
FTE (full-time equivalent)
18% of employees are part-time
23 full-time, 5 part-time

Lampco Credit Union has 23 full-time staff members and 5 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 82% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Lampco Credit Union has around 323 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets Share
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$60,362,037
Total assets
Above average
Net worth Share
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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.
8.0%
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 Share
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$11,595
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 61% of credit unions.

Lampco Credit Union holds a total of $40,110,000 in loans and leases, which is about $11,595 per member on average.

Savings interest rate Share
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0.03%
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. Lampco Credit Union pays 0.03%.

Loan rates Share
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12.70%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.82%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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3.61%
New car loan rate
Compared to 4.0% nationally
5.74%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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4.40%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.97%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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