LG&E Co. Credit Union

What LG&E Co. Credit Union does

LG&E Co. Credit Union is a single-sponsor member-owned financial cooperative founded in 1934 and headquartered at 820 West Broadway in Louisville, Kentucky. The institution's field of membership is restricted to current and retired employees of LG&E Company, KU Energy LLC, their parent PPL Corporation, and IBEW Local Union 2100, plus their family members. The credit union operates with a lean staff of approximately eight personnel under President/CEO Shari and Accountant/COO Kelsey, is federally insured by the NCUSIF up to $250,000 per depositor, and is jointly regulated by the NCUA and the Kentucky Department of Finance. It holds NMLS #410538 mortgage lending licensure and is an Equal Housing Opportunity lender.

The product portfolio spans full retail banking: share savings, share draft checking, Golden Checking (55+), Money Market checking, youth accounts, Holiday/Vacation Club accounts, certificates of deposit (3-month to 4-year terms), and Accumulation Shares with automated CD rollovers. Lending includes auto loans (4.99%-16.99% APR by credit tier and term, up to 8-year terms), RV loans (up to 15 years), signature loans, credit builder loans, share-secured loans, tuition reimbursement loans, Visa Platinum (9.90% APR, $5k-$15k limit) and Classic (13.90% APR, $500-$5k limit) credit cards, HELOCs, home equity loans (6.75%-8.75%), mortgages, and land/lot loans. Digital services are powered by Fiserv mobile banking, Financial-Net online banking, PSCU's DX Online Visa Access for credit card management, with Zelle integrated for P2P payments. Real estate lending is geographically bounded to ~29 approved counties in Kentucky and 10 in Indiana.

Revenue is generated through interest income on the loan portfolio and deposit balances, supplemented by transaction-based fees including NSF ($35), wire transfer ($10-$15), ATM overage ($0.50/txn beyond 50/month), paper statements ($2/mo under age 55), dormant accounts ($10/mo), credit card balance transfer fees (6.90%-10.90%), and loan late fees ($20). The go-to-market is employer-tied: membership acquisition flows through LG&E/KU Energy payroll enrollment, employer-provided office space at the Broadway Office Complex, and the union partnership, with digital channels (blog, social, email, website SEO) and the mobile app used for engagement rather than net-new acquisition. Marketing channels are content-led (financial education blog, Facebook/Twitter/Pinterest, email) rather than performance-driven.

Name

LG&E Co. Credit Union

Legal name

Louisville Gas & Electric Co Credit Union

Website

https://lgecu.org

Company type

Private

Founded year

1934

Operating status

Operating

Headcount range

1–10 employees

Short description

LG&E Co. Credit Union is a member-owned financial cooperative founded in 1934 in Louisville, KY, offering retail banking, lending, and deposit products exclusively to LG&E and KU Energy employees, retirees, their families, and IBEW Local Union 2100 members.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213), Credit Card Issuing (522210)

SIC

Personal Credit Institutions (6141), Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

akta.pro secondary industries

Credit Cards & Revolving Credit (FSABAAAC), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Credit union services
• Consumer lending
• Deposit accounts
• Mortgage lending
• Member banking

Headquarters

HQ city

Louisville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income from Loans: Primary revenue from interest charged on auto loans, RV loans, signature loans, credit cards, home equity products, and mortgages. Competitive rates based on credit score tiers.
2. Account and Transaction Fees: Various fees including ATM fees ($0.50/transaction over 50/month), overdraft/NSF fees ($35), wire transfer fees ($10-$15), certified checks ($5), account research ($25/hour), dormant account fees ($10/month), and statement fees ($2/month for those under 55).
3. Credit Card Fees: Annual fees (none), balance transfer fees (6.90% for Platinum, 10.90% for Classic), and interchange revenue from card transactions.
4. Savings Account Balances: Interest-earning deposits used to fund loans. Members maintain share accounts with minimum $5 balance required for membership.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

LG&E Co. Credit Union is a member-owned cooperative financial institution that provides retail banking products and lending services to employees and retirees of LG&E and KU Energy, their families, and IBEW Local Union 2100 members. Its core offerings include share (savings) accounts, checking accounts, certificates of deposit, IRAs, auto and RV loans, signature and credit-builder loans, Visa credit cards, home equity and mortgage loans, and digital banking via mobile and online channels.

Product overview

LG&E Co. Credit Union is a member-owned financial cooperative offering a comprehensive suite of banking and lending products. The core banking platform includes share accounts (savings), share draft (checking), money market, and youth accounts, supplemented by certificate of deposit (CD) products, IRA accounts, and club accounts for holidays and vacations. The lending portfolio spans secured loans (auto, RV, share-secured), unsecured personal loans (signature, credit builder, tuition reimbursement), credit cards (Platinum and Classic Visa), and real estate products (HELOC, home equity loans, mortgages, land loans). Digital banking services include online banking through Financial-Net, a mobile banking app powered by Fiserv with mobile check deposit and Zelle integration, and bill pay. Auxiliary services include debit cards, wire transfers, direct deposit, and insurance products (extended warranties, GAP+, credit life/disability insurance). The product portfolio is distributed through a single branch location in Louisville, KY, and digital channels, with membership restricted to LG&E/KU Energy employees and their families.

Differentiator

Problem solved

Functional benefit

Products and services

• Share Account
• Share Draft (Checking) Account
• Golden Checking Account
• Money Market Checking Account
• Youth Savings Account
• Youth Spend Account
• Holiday Club Account
• Vacation Club Account
• Certificate of Deposit (CD)
• Accumulation Shares Account
• Individual Retirement Account (IRA)
• Auto Loan
• Recreational Vehicle (RV) Loan
• Share Secured Loan
• Credit Builder Loan
• Signature Loan
• Student Loan
• Platinum Visa Credit Card
• Classic Visa Credit Card
• Home Equity Line of Credit (HELOC)
• Home Equity Loan
• Mortgage Loan
• Land/Lot Loan
• Online Banking
• Mobile Banking App
• Bill Pay
• Wire Transfer Services
• Direct Deposit & Payroll Deduction

Quantifiable outcome

• Deposits insured up to $250,000 by NCUSIF
• +2 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Sallie MaecoreStrategic or Co-development PartnerStudent loan partnership providing competitive variable and fixed rate student loans to members. No origination fee or prepayment penalty. Multiple repayment options available. Members directed to Sallie Mae landing page for student loan products.
• Zelle (Early Warning Services, LLC)coreTechnology or IntegrationPartnership with Zelle for fast, safe person-to-person money transfers within online and mobile banking. Members can send money using email or U.S. mobile number. Standard transfers occur in minutes for enrolled recipients. No fees for Zelle transactions.
• Alliance OnecoreChannel Partner/ Reseller/ DistributorFee-free ATM network partnership providing surcharge-free ATM access at Alliance One cooperative ATMs nationwide. Members use Alliance One ATM locator tool to find nearby fee-free machines.
• FiservcoreTechnology or IntegrationTechnology provider powering mobile banking app with real-time balances, account management, transfers, bill pay, check deposit, and card controls. Supports iOS and Android platforms.
• KUE Credit UnionminorChannel Partner/ Reseller/ DistributorCheck cashing partnership allowing KUE CU members to cash checks up to $100 at LG&E Co. CU without needing membership.
• MyCU4MortgagescoreStrategic or Co-development PartnerMortgage origination partnership providing home purchase and refinance loans. Links to mortgage application portal for member convenience. NMLS licensed originators listed.

Scale indicators2 records

Recent moves7 records

Expansion highlights4 records

Market position

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/lgeco_cu
• LinkedInlinkedin.com/company/louisville-gas-and-electric-company-credit-union

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LG&E Co. Credit Union