LG&E Co. Credit Union
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.
- Company typePrivate
- Founded1934
- HeadquartersLouisville, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
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.
LG&E Co. Credit Union firmographics
Firmographics- 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
LG&E Co. Credit Union industry classification
Industry- 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
Where LG&E Co. Credit Union is headquartered
LocationHeadquarters
- HQ city
- Louisville
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
LG&E Co. Credit Union business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- 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.
- 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).
- Credit Card Fees: Annual fees (none), balance transfer fees (6.90% for Platinum, 10.90% for Classic), and interchange revenue from card transactions.
- Savings Account Balances: Interest-earning deposits used to fund loans. Members maintain share accounts with minimum $5 balance required for membership.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Auto Loans - Tiered by credit score and term length |
| Subscription | Monthly | Visa Credit Cards |
| Subscription | Monthly | Share Savings |
| Subscription | Annual | Certificate of Deposit |
| Subscription | Monthly | Money Market Checking |
| Other | Monthly | Account Fees |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels5 records
LG&E Co. Credit Union product offering
Product offeringCore 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
Companies that use LG&E Co. Credit Union
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles2 records
LG&E Co. Credit Union technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature4 records
LG&E Co. Credit Union partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Sallie MaecoreStudent 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)corePartnership 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 OnecoreFee-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 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 UnionminorCheck cashing partnership allowing KUE CU members to cash checks up to $100 at LG&E Co. CU without needing membership.
- MyCU4MortgagescoreMortgage 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
LG&E Co. Credit Union competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
LG&E Co. Credit Union social profiles
Digital presenceLG&E Co. Credit Union compliance and trust
Trust signalCompliance4 records
LG&E Co. Credit Union financial estimates
Financial estimateRevenue estimate
Valuation estimate
LG&E Co. Credit Union leadership team
Management profileNumber of profiles
Profiles13 records
LG&E Co. Credit Union funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LG&E Co. Credit Union M&A and investment
M&A and investmentM&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
What does LG&E Co. Credit Union do?
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.
Is LG&E Co. Credit Union a public or private company?
LG&E Co. Credit Union is a private company. It is classified as management employee owned and is currently operating.
When was LG&E Co. Credit Union founded?
LG&E Co. Credit Union was founded in 1934. It employs 1 to 10 people.
Where is LG&E Co. Credit Union based?
LG&E Co. Credit Union is headquartered in Louisville, United States, in the North America region.
How does LG&E Co. Credit Union make money?
Four revenue lines are on record. Interest Income from Loans are the primary driver. The others are account and Transaction Fees, credit Card Fees and savings Account Balances.
Does LG&E Co. Credit Union have an API?
No public API is recorded for LG&E Co. Credit Union.
What industry is LG&E Co. Credit Union in?
LG&E Co. Credit Union's product category is Retail Banking. Its primary akta.pro industry code is FSABAEAA, Community Credit Unions (Retail/Consumer Focus), with a secondary code of FSABAAAC, Credit Cards & Revolving Credit. Its NAICS code is 52213 and its SIC code is 6141.