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Overview / Commentary
4101 Vanderbilt Rd
Birmingham, AL 35217

L&N Credit Union is headquartered in Birmingham and is the 82nd largest credit union in the state of Alabama. It is also the 4,262nd largest credit union in the nation. It was established in 1952 and as of June of 2017, it had grown to 3 employees and 1,441 members at 1 location. L&N Credit Union has a C health rating.

Field of Membership Restrictions

Employment by a sponsoring company. Once you become a member you are always eligible, even if you leave the sponsoring company. Family relationship, by blood or marriage, to a current member.
See current membership details

Reviews (1)

Served My Purposes

Posted by: HeartChirp | 1 hour ago

My experience with this credit union has been quite some time ago (1980s), so some of its practices and procedures likely have changed. I became a member through the company I worked at. This was the first time I was offered a credit card, and did I ever use that!! The only thing I was leery about (and they very likely don't do this now) was, if I placed a call for them to send me a check for a certain amount of money from my account, all I needed to tell them was my Social Security number as identification. A dangerous thing to do today. But otherwise, I found them to be a fine help and I have no other complaints. They offered loans, lines of credit, savings, checking accounts (which I had there), other things that a regular bank would.

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. L&N Credit Union has a very low asset base.

Health Grade Components

NCUA #62356
Year Chartered1952
Primary Regulator
Profit Margin
Return on Assets - YTD0.1%
Return on Equity - YTD0.7%
Annual Interest Income$227.00K
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$9.5MM$9.5MM
LoansQ2 2017vs Q2 2016$6.5MM$7.3MM
DepositsQ2 2017vs Q2 2016$7.9MM$7.9MM
Equity CapitalQ2 2017vs Q2 2016$1.4MM$1.4MM
Loan Loss AllowanceQ2 2017vs Q2 2016$30.00K$41.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$133.00K$135.00K
Real Estate OwnedQ2 2017vs Q2 2016$164.00K$0

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L&N Credit Union Locations
Branch Office4101 Vanderbilt RdBirmingham, AL 35217