Lynchburg Municipal Employees Federal Credit Union

Headquarters

3176 Fort Ave
Lynchburg, VA 24501
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.87% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.81% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

Lynchburg Municipal Employees is an NCUA insured institution located in Lynchburg, VA. It was founded in 1961 and has approximately $29.21 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 14623
Date Established 1961
Assets $29.21 million
Loans $10.33 million
Deposits $25.52 million
Capital $3.52 million
 

Deposit Rates - January 28, 2022

Your Current Location: Virginia, VA 20146

We do not yet have rates for Lynchburg Municipal Employees

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Loan Rates - January 28, 2022

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for LYNCHBURG MUNICIPAL EMPLOYEES

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Virginia 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
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First Internet Bank
NMLS ID: 424182
3.430% 3.375% 0.75 $1,730 $1,106 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

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Note to LYNCHBURG MUNICIPAL EMPLOYEES
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Branches

Below are Lynchburg Municipal Employees branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Lynchburg Municipal Employees Locations



Climate Initiatives

LYNCHBURG MUNICIPAL EMPLOYEES is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

Financial Details

Lynchburg Municipal Employees Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Lynchburg Municipal Employees. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Lynchburg Municipal Employees U.S. Average
0.41% 3.93

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of September 30, 2021, Lynchburg Municipal Employees had $14,375 in non-current loans and $0 in owned assets. To cover these potential losses it had $3,519,978 in net worth and $8,014 in loans loss reserves. That gives it a Texas Ratio of 0.41%.

Net Worth
Lynchburg Municipal Employees U.S. Average
12.05% 12.37%

Lynchburg Municipal Employees FCU has a net worth of 12.05% versus the BestCashCow average of 12.37. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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