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Overview / Commentary
770-424-0060
430 Commerce Park Dr SE
Marietta, GA 30060

LGE Community Credit Union is headquartered in Marietta and is the 6th largest credit union in the state of Georgia. It is also the 222nd largest credit union in the nation. It was established in 1951 and as of March of 2014, it had grown to 196 employees and 103,902 members. LGE Community Credit Union's savings rates are 10X the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Credit union membership is open to anyone who is a resident of Cobb, Cherokee, Paulding, and Fulton counties in Georgia. You can also be eligible via a select employer group. - See Details

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 LGE Community Credit Union had $950,000 in non-current loans and owned real-estate with $108.83 million in equity and loan loss allowances on hand to cover it. This gives LGE Community Credit Union a Texas Ratio of 0.87% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for LGE Community Credit Union experienced no significant changes from 0.96% as of March 31, 2013 to 0.87% as of March 31, 2014, resulting in a positive change of 9.38%.This indicates that the balance sheet and financial strength for LGE Community Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, LGE Community Credit Union has increased its total deposits by $44.91 million, resulting in 5.84% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth LGE Community Credit Union has shown is excellent.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. LGE Community Credit Union has $989.45 million in assets with $108.83 million in equity, resulting in a capitalization level of 11.00%, which is above average.

Institution Statistics

Overall
NCUA #68581
Year Chartered1951
Employees196
Primary Regulator
Assets and Liabilities
Assets$989.45 million
Loans$657.94 million
Deposits$813.69 million
Equity Capital$105.89 million
Loan Loss Allowance$2.95 million
Unbacked Noncurrent Loans$950,000
Real Estate Owned$0
Historic Data - March 2013
Assets$928.81 million
Equity Capital$99.27 million
Loan Loss Allowance$3.61 million
Unbacked Noncurrent Loans$950,000
Real Estate Owned$192,000
Profit Margin - Quarterly
Net Interest Margin0.94%
Return on Assets0.65%
Return on Equity6.11%
Interest Income$7.32 million
Rates

Always verify rates and promotions with the bank or credit union. We are not LGE Community Credit Union, we are a rate comparison website and can not provide official rates or promotions.

LGE Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
5.00%-$500Youth Savings Account
0.10%--Membership (Base) Savings
0.10%--Custodial Savings
0.10%--Special Savings

LGE Community Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$25k-Money Market

LGE Community Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.50%-$25kHigh Rate Checking - Qualifying Level 2
1.00%-$25kHigh Rate Checking - Qualifying Level 1

LGE Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.15%$1k-60 Month CD
0.85%$1k-48 Month CD
0.50%$1k-36 Month CD
0.35%$1k-24 Month CD
0.25%$1k-12 Month CD
Locations


LGE Community Credit Union Locations
Branch OfficePROVIDENCE SQ SHPG CTR 4101 ROSWELL RDMarietta, GA 300626293
Branch Office12186 Highway 92 suite 111BWoodstock, GA 30188
Branch Office5875 Wendy Bagwell PkwyHiram, GA 30141
Branch Office430 Commerce Park Dr SEMarietta, GA 30060
Branch Office2760 E West ConnectorAustell, GA 301066804
Branch Office3891 Cobb Pkwy NWAcworth, GA 30101
Branch Office2050 Cobb Pkwy NWKennesaw, GA 30152