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.
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
No reviews have been left for this bank yet. Be the first to review.
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.
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.
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.
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.
|Assets and Liabilities|
|Equity Capital||$105.89 million|
|Loan Loss Allowance||$2.95 million|
|Unbacked Noncurrent Loans||$950,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|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 Margin||0.94%|
|Return on Assets||0.65%|
|Return on Equity||6.11%|
|Interest Income||$7.32 million|
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.
|5.00%||-||$500||Youth Savings Account|
|0.10%||-||-||Membership (Base) Savings|
|1.50%||-||$25k||High Rate Checking - Qualifying Level 2|
|1.00%||-||$25k||High Rate Checking - Qualifying Level 1|
|0.00%||-||-||Simply Free Checking|
|0.00%||-||-||High Rate Checking - Non Qualifying Level 1|
|0.00%||-||-||Prime Time Checking|
|0.00%||-||-||High Rate Checking - Non Qualifying Level 2|
|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|
|LGE Community Credit Union Locations|
|Branch Office||PROVIDENCE SQ SHPG CTR 4101 ROSWELL RD||Marietta, GA 300626293|
|Branch Office||12186 Highway 92 suite 111B||Woodstock, GA 30188|
|Branch Office||5875 Wendy Bagwell Pkwy||Hiram, GA 30141|
|Branch Office||430 Commerce Park Dr SE||Marietta, GA 30060|
|Branch Office||2760 E West Connector||Austell, GA 301066804|
|Branch Office||3891 Cobb Pkwy NW||Acworth, GA 30101|
|Branch Office||2050 Cobb Pkwy NW||Kennesaw, GA 30152|