Land Of Lincoln Credit Union

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

P O Box 3310, Decatur, IL 62524

Website

(217) 864-3030

Data Source: NCUA, December 31, 2016


Land Of Lincoln Credit Union was founded in 1947. Headquartered in Decatur, Illinois, Land Of Lincoln Credit Union is a state chartered and federally insured credit union, being chartered in Illinois and insured through the National Credit Union Share Insurance Fund (NCUSIF). Land Of Lincoln 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, Land Of Lincoln Credit Union services 30,627 members through its 12 offices and branches and 99 full-time and 7 part-time employees. It has $225,737,670 of total assets and $24,414,930 of net worth. Based on its asset size and net worth ratio, Land Of Lincoln Credit Union is classified as a Well Capitalized medium large credit union.

Land Of Lincoln 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. Land Of Lincoln Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Land Of Lincoln 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 Illinois and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Illinois
Median of USA
Checking
0.0000
0.0000
0.0000
Savings
0.1000
0.1500
0.1200
Money Market
0.3000
0.2500
0.2500
Certificate Deplit
0.4000
0.4600
0.5800
IRA
0.4500
0.4000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Illinois
National Median Rates
Credit Cards
9.2500
10.2500
9.9900
Unsecured Line of Credits
8.0000
11.0000
10.9500
Short-term Small Amount
n/a
25.0000
25.0000
Student Loans
n/a
6.5100
6.0200
New Car Loans
3.0000
3.0000
3.3300
Used Car Loans
4.6000
4.2600
4.5000
1st Mortgage Real Estates
3.0000
4.0000
4.2500
Other Real Estates
4.3500
4.3800
4.7000

Land Of Lincoln 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, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Land Of Lincoln Credit Union.

Electronic Banking Service Offerings

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

As a community financial institution, Land Of Lincoln Credit Union actively involves in local communities by prliding services such as financial counseling, financial education, financial literacy workshops, 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
Yes
Student Scholarships
No
Insurance/Investment Sales
Yes
First Time Homebuyer Program
Yes
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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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