LGE Community Credit Union

LGE Community Credit Union Locations
430 Commerce Park Dr SE
Marietta, GA 30060
770-424-0060
www.lgeccu.org

NCUA


LGE Community Credit Union is headquartered in Marietta and is the 7th largest credit union in the state of Georgia. It is also the 229th largest credit union in the nation. It was established in 1951 and as of December of 2012, it had grown to 180 employees and 101,167 members. LGE Community Credit Union has a 5-star health rating.

LGE Community Credit Union Routing Number: 261171480

Related Posts

$100 Reward Checking Bonus At LGE Community CU To Expire On 11/15 In Georgia (Forum) - 11/4/2010

Just a few more days to take advantage of the $100 bonus for opening LGE Community Credit Union's High Rate Checking. To receive the bonus, the member is required to meet the reward checking requirements for the second month after the account is opened

$100 Reward Checking Account Bonus at LGE Community Credit Union in GA - Local Only - 9/26/2010

LGE Community Credit Union is offering a $100 bonus for opening its high-yield reward checking account. The offer is listed at this credit union's promotions page . It's scheduled to last until 11/15/ ...

High-Yield Reward Checking Account at LGE Community Credit Union in GA - Local Only - 11/23/2009

LGE Community Credit Union is offering a high-rate reward checking account witih the following rates and features if certain monthly requirements are met:3.50% APY on balances up to $25,0000.50% APY on the portion of the balance over $25,0000.00% base...

3.50% 60-Month CD at LGE Community Credit Union in GA - Local Only - 11/23/2009

LGE Community Credit Union is offering a 3.50% APY 60-month certificate. It's part of their Double 350 promotion in which you can get 3.50% APY on both their 5-year CD and their reward checking account (see post). Minimum deposit for the CD is $1,000....



See Rates for: Checking | Savings | Money Market | CD

LGE Community Credit Union Checking Account Rates

ApyMinMaxProduct
1.50%-$25kHigh Rate Checking Level 2
1.00%-$25kHigh Rate Checking Level 1
0.00%--Simply Free Checking
0.00%--Prime Time Checking

LGE Community Credit Union Savings Account Rates

ApyMinMaxProduct
5.00%-$500Youth Savings Account
0.10%--Membership (Base) Savings
0.10%--IRA Savings - Roth
0.10%--Educational Savings Account
0.10%--IRA Savings - Traditional
0.10%--Custodial Savings
0.10%--Special Savings
0.00%$50-Health Savings Account (HSA)

LGE Community Credit Union Money Market Rates

ApyMinMaxProduct
0.25%$25k-Money Market

LGE Community Credit Union CD Rates

ApyMinMaxProduct
1.45%$1k-60 Month CD
1.15%$1k-48 Month CD
0.90%$1k-36 Month CD
0.60%$1k-24 Month CD
0.30%$1k-12 Month CD
0.15%$1k-6 Month CD

Rates updated: 5/24/2013

Data for Q4 2012


Institution Statistics


LGE COMMUNITY
NCUA #68581
BankRate ReportView
Year Chartered1951
Employees180
Primary Regulator

Assets and Liabilities

Assets$888.78 million
Loans$602.87 million
Deposits$737.44 million
Equity Capital$97.38 million
Loan Loss Allowance$3.90 million
Unbacked Noncurrent Loans$812,000
Real Estate Owned$458,000

Historic Data - December 2011

Assets$828.16 million
Equity Capital$90.99 million
Loan Loss Allowance$4.24 million
Unbacked Noncurrent Loans$1.38 million
Real Estate Owned$124,000

Profit Margin - Quarterly

Net Interest Margin4.07%
Return on Assets0.7%
Return on Equity6.4%
Interest Income$30.13 million
Non-Interest Income$12.58 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 LGE Community Credit Union had $1.27 million in non-current loans and owned real-estate with $101.28 million in equity and loan loss allowances on hand to cover it. This gives LGE Community Credit Union a Texas Ratio of 1.25% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for LGE Community Credit Union decreased slightly from 1.58% as of December 31, 2011 to 1.25% as of December 31, 2012, resulting in a positive change of 20.39%.This indicates that the balance sheet and financial strength for LGE Community Credit Union has improved slightly in recent periods.
Deposit Growth5
In the past year, LGE Community Credit Union has increased its total deposits by $51.18 million, resulting in 7.46% 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.
Capitalization4
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 $888.78 million in assets with $101.28 million in equity, resulting in a capitalization level of 11.40%, which is above average.
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