Labor Management Federal Credit Union

Rated star_ratedstar_ratedstar_ratedstar_normalstar_normal by Credit Guide
Review based on 12 criteria Rating: 3 out of 5

679 State Route 1957, Lewisport, KY 42351-6967

Website

(270) 295-3422

Data Source: NCUA, December 31, 2016


Labor Management Federal Credit Union was founded in 1974. Headquartered in Lewisport, Kentucky, Labor Management Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Labor Management Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Labor Management Federal Credit Union services 2,191 members through its 6 full-time and 2 part-time employees. It has $24,406,721 of total assets and $3,296,717 of net worth. Based on its asset size and net worth ratio, Labor Management Federal Credit Union is classified as a Well Capitalized medium small credit union.

Labor Management Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Labor Management Federal Credit Union also provides an array of services to its members and local communities. Labor Management Federal Credit Union plans to extend its services by adding more branches or service centers in the next 12 month. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Labor Management Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Kentucky and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Kentucky
Median of USA
Checking
0.3000
0.0000
0.0000
Savings
0.3000
0.1200
0.1200
Money Market
0.0000
0.3000
0.2500
Certificate Deplit
0.7500
0.6000
0.5800
IRA
1.1000
0.6000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Kentucky
National Median Rates
Credit Cards
7.9900
9.9000
9.9900
Unsecured Line of Credits
8.0000
10.4000
10.9500
Short-term Small Amount
n/a
22.2050
25.0000
Student Loans
n/a
6.0000
6.0200
New Car Loans
2.5000
3.0000
3.3300
Used Car Loans
4.5000
4.7500
4.5000
1st Mortgage Real Estates
4.3000
4.2500
4.2500
Other Real Estates
4.3000
4.5000
4.7000

Labor Management Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet and ATMs. The table below lists the electronic banking services prlided by Labor Management Federal Credit Union.

Electronic Banking Service Offerings

Membership Application
No
No
Share Account Transfers
Yes
New Loan Application
No
Share Draft Orders
No
No
New Share Account
No
Bill Payment
Yes
No
e-Statements
No
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
No
View Account History
Yes
No

As a community financial institution, Labor Management Federal Credit Union actively involves in local communities by prliding services such as financial counseling, financial education, and first tim home buyer programs.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
Yes
Insurance/Investment Sales
No
First Time Homebuyer Program
No
Labor Management Fcu
Main Office

679 State Route 1957
Lewisport, KY 42351-6967
Phone:270-295-3422

(270) 295-3366

No Review

  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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