Lynchburg Municipal Employees Credit Union

About Lynchburg Municipal Employees Credit Union

Lynchburg Municipal Employees Credit Union Location

3176 Fort Ave
Lynchburg, VA 24501

Phone: (434) 845-1013
Website: www.lmefcu.org
Routing/Transit Number: Not Available

Lynchburg Municipal Employees Credit Union Information

Lynchburg Municipal Employees Credit Union of Lynchburg, VA is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 4324 members and assets of $17,453,742, as compared to the national average of $93 million dollars of assets per credit union. Lynchburg Municipal Employees Credit Union, first opened in 1961 and has been in operation since then. Additionally, Lynchburg Municipal Employees Credit Union has 8 full time employees and 2 part time employees, or 432.4 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Lynchburg Municipal Employees Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Lynchburg Municipal Employees Credit Union is a not-for-profit, cooperative, tax-exempt organization.