Sep, 30, 2025 — L&N EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BIRMINGHAM, AL with 2 branch locations and about $8.22 million in total assets. Opened 74 years ago in 1952, L&N EMPLOYEES CREDIT UNION has about 1,416 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | L&N EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 4101 Vanderbilt Rd BIRMINGHAM, AL 35217 |
| Phone: | (205) 841-2544 |
| Fax: | (205) 263-9992 |
| Website: | https://www.mylncu.com |
| Branches: | 2 branch locations |
| Members: | 1,416 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62356 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,217,531 |
| CEO/Manager: | Michelle Cooper |
| Chairperson: | Earnest Long Sr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,086,300 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,227,660 |
| Unsecured Loans | 408,585 |
| Other Loans | 2,854,742 |
| TOTAL LOANS | 4,490,986 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,260 |
| Land And Building | 78,616 |
| Other Fixed Assets | 19,659 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 67,079 |
| All Other Assets | 25,390 |
| TOTAL ASSETS | 8,217,531 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 12,361 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 125,679 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,102,754 |
| Regular shares | 2,911,706 |
| All Other Shares & Deposits | 2,727,115 |
| TOTAL SHARES & DEPOSITS | 6,741,575 |
| TOTAL LIABILITIES | 6,879,615 |
| Regular Reserve | 0 |
| Other Reserves | -296,774 |
| Undivided Earnings | 1,634,690 |
| TOTAL EQUITY | 1,337,916 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,217,531 |
| INCOME & EXPENSE | |
| Loan Income | 272,858 |
| Investment Income | 85,968 |
| Other Income | 79,563 |
| Total Employee Compensation & Benefits | 238,663 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 251,379 |
| Non-operating Income & (Expense) | -16,350 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 45,430 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -113,433 |
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