First Legacy Community Credit Union


Overview / Commentary
704-375-5781
431 Beatties Ford Road
Charlotte, NC 28216

First Legacy Community Credit Union is headquartered in Charlotte and is the 46th largest credit union in the state of North Carolina. It is also the 2,901st largest credit union in the nation. It was established in 1941 and as of September of 2019, it had grown to 8 employees and 8,002 members at 3 locations. First Legacy Community Credit Union's savings rates are 44% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

First Legacy Community Credit Union of North Carolina is open to the residents, church members, registered students and the people that maintain employment within these eligible counties: Mecklenburg, Rowan, Iredell, Cabarrus, Catawba, Alexander, Davie, Gaston, Cleveland, and Lincoln.
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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. First Legacy Community Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #68593
Year Chartered1941
Employees8
Primary Regulator
Profit Margin
Return on Assets - YTD-1.65%
Return on Equity - YTD-17.2%
Annual Interest Income$1.0MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$29.4MM$39.0MM
LoansQ3 2019vs Q3 2018$25.4MM$15.9MM
DepositsQ3 2019vs Q3 2018$25.1MM$35.2MM
Equity CapitalQ3 2019vs Q3 2018$2.9MM$3.7MM
Loan Loss AllowanceQ3 2019vs Q3 2018$889.00K$861.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$283.00K$424.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Legacy Community Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-IRA Savings
0.75%*$50k*-Dividend Share
OTHER TIERS: 0.40% $100 - $2.5k | 0.55% $2.5k - $25k | 0.65% $25k - $50k
0.75%*$50k*-Christmas Club
OTHER TIERS: 0.40% $100 - $2.5k | 0.55% $2.5k - $25k | 0.65% $25k - $50k
Locations


First Legacy Community Credit Union Locations
Branch Office405 S Chester STGastonia, NC 28052
Branch Office431 Beatties Ford RdCharlotte, NC 28216
Branch Office2146 Statesville BlvdSalisbury, NC 28147

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