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 2,907th largest credit union in the nation. It was established in 1941 and as of December of 2019, it had grown to 7 employees and 7,945 members at 3 locations. First Legacy Community Credit Union's savings rates are 44% higher than the national average, and it has a C+ 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
C+
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
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD-1.73%
Return on Equity - YTD-18.4%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$29.3MM$33.5MM
LoansQ4 2019vs Q4 2018$25.2MM$15.5MM
DepositsQ4 2019vs Q4 2018$26.3MM$30.1MM
Equity CapitalQ4 2019vs Q4 2018$2.8MM$3.3MM
Loan Loss AllowanceQ4 2019vs Q4 2018$556.00K$953.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$340.00K$485.00K
Real Estate OwnedQ4 2019vs Q4 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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