Local Government Credit Union

323 West Jones Street, Suite 600
Raleigh, NC 27603
800.344.4846
www.lgfcu.org



Local Government Credit Union is headquartered in RALEIGH and is the 4th largest credit union in the state of North Carolina. It is also the 150th largest credit union in the nation. It was established in 1983 and as of September of 2011, it had grown to 63 employees and 202,454 members. Local Government Credit Union's savings rates are 3X the national average, and it has a 4-star health rating.

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Top CD Rates at Local Government Credit Union in North Carolina - Local Only - 8/25/2010

Local Government Credit Union is offering several competitive rates for both its short-term and long-term share term certificates. Some of the best include a 3.25% APY 60-month CD, a 2.75% APY 36-mont ...



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

Local Government Credit Union Checking Account Rates

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0.15%--Interest Checking

Local Government Credit Union Savings Account Rates

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1.77%--Health Savings Account
1.01%--IRA Savings
1.01%--Roth IRA Savings
1.01%--SEP IRA Savings
1.01%--CESA Savings
0.25%$25-Fat Cat
0.25%$25-Share
0.25%$25-Zard
0.25%$25-Golden Circle
0.25%$25-Holiday Cash Club

Local Government Credit Union Money Market Rates

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0.50%$250-Money Market Account

Local Government Credit Union CD Rates

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1.50%$250-36 Month CD Certificate
1.50%$250-48 Month CD Certificate
1.50%$250-60 Month CD Certificate
1.25%$250-24 Month CD Certificate
1.25%$250-30 Month CD Certificate
1.00%$250-12 Month CD Certificate
1.00%$250-18 Month CD Certificate
0.75%$250-6 Month CD Certificate

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


LOCAL GOVERNMENT
NCUA #24003
BankRate ReportView
Year Established1983
Employees63
Primary Regulator

Assets and Liabilities

Assets$1.15 billion
Loans$728.60 million
Deposits$1.06 billion
Equity Capital$88.01 million
Loan Loss Allowance$4.87 million
Unbacked Noncurrent Loans$14.56 million
Real Estate Owned$2.13 million

Historic Data - September 2010

Assets$1.09 billion
Equity Capital$77.90 million
Loan Loss Allowance$3.20 million
Unbacked Noncurrent Loans$11.23 million
Real Estate Owned$1.82 million

Profit Margin - Quarterly

Net Interest Margin3.2%
Return on Assets0.74%
Return on Equity9.72%
Interest Income$29.95 million
Non-Interest Income$15.17 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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 September 30, 2011 Local Government Credit Union had $16.69 million in non-current loans and owned real-estate with $92.89 million in equity and loan loss allowances on hand to cover it. This gives Local Government Credit Union a Texas Ratio of 17.97% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Local Government Credit Union held steady from 16.09% as of September 30, 2010 to 17.97% as of September 30, 2011, resulting in a negative change of 11.66%. This indicates that the balance sheet and financial strength for Local Government Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Local Government Credit Union has increased its total deposits by $51.42 million, resulting in 5.11% 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 Local Government Credit Union has shown is excellent.
Capitalization3
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. Local Government Credit Union has $1.15 billion in assets with $92.89 million in equity, resulting in a capitalization level of 8.08%, which is average.
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