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L&N Employees Credit Union
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L&N Employees Credit Union Share
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Overview Share
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L&N Employees Credit Union is a federally insured state credit union based in Birmingham, Alabama. It has been opened since 1952, for 70 years.

With around $8,700,000 in assets, L&N Employees Credit Union is considered to be a medium size credit union.

About Share
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Address 4101 Vanderbilt Road
Birmingham, Alabama 35217
Website http://www.mylncu.com
Phone (205) 841-2544
Fax (205) 849-6843
CEO Michelle Cooper
President of the Board Frank Baker
Services Offered
Score Card Share
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70 years
Years in business
Opened in 1952
Well Capitalized
Net worth classification
Source: NCUA
1,490 members
Membership type: State chartered natural person credit union
Below average number of members
497:1
Credit union member to staff ratio
497 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$8,695,601
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 4 in Alabama
Average number of branches
0.05%
Savings interest rate
Compared to 0.3% nationally
11.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 4 in Alabama
Average number of branches
L&N Employees Credit Union Branch Locations

L&N Employees Credit Union: L. & North Credit Union
4101 Vanderbilt Road
Birmingham, Alabama 35217
No ATM
Members Share
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1,490 members
Membership type: State chartered natural person credit union
Below average number of members

With 1,490 members, the L&N Employees Credit Union is considered to be a small credit union. It is smaller than 72% of credit unions.

Fees Share
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$85
Average fee per member
The average fee per member at the L&N Employees Credit Union is $85, which is high compared to most credit unions. This rate is higher than 77% 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 L&N Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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497:1
Credit union member to staff ratio
497 per each FTE employee
Compared to 411:1 nationally
Fewer staff
3 staff members
FTE (full-time equivalent)
0% of employees are part-time
3 full-time, 0 part-time

L&N Employees Credit Union has 3 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. L&N Employees Credit Union has around 497 members per staff, a higher ratio compared to other credit unions.

Assets Share
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$8,695,601
Total assets
Below 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.
22.6%
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 Share
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$10,774
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 56% of credit unions.

L&N Employees Credit Union holds a total of $6,180,000 in loans and leases, which is about $10,774 per member on average.

Savings interest rate Share
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0.05%
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. L&N Employees Credit Union pays 0.05%.

Loan rates Share
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11.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
15.94%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
9.00%
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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4.31%
New car loan rate
Compared to 4.0% nationally
6.46%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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8.75%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.06%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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