L G & W Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.10% | 5-year CD | |
| 0.60% | 1-year CD | |
| 0.05% | Savings |
L G & W Federal Credit Union is headquartered in Memphis and is the 36th largest credit union in the state of Tennessee. It is also the 1,700th largest credit union in the nation. It was established in 1940 and as of June of 2018, it had grown to 15 employees and 5,488 members at 2 locations. L G & W Federal Credit Union's money market rates are 14% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership is open to employees of Memphis, Light, Gas & Water and their immediate family..
See current membership details
Data as of Q2 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 3796 |
| Year Chartered | 1940 |
| Employees | 15 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.12% |
| Return on Equity - YTD | 5.29% |
| Annual Interest Income | $1.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $92.2MM$92.2MM |
| Loans | Q2 2018vs Q2 2017 | $31.6MM$30.4MM |
| Deposits | Q2 2018vs Q2 2017 | $72.1MM$72.5MM |
| Equity Capital | Q2 2018vs Q2 2017 | $19.4MM$19.1MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $259.00K$270.00K |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $91.00K$87.00K |
| Real Estate Owned | Q2 2018vs Q2 2017 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not L G & W Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
L G & W Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 6.00%* | - | $500 | Max Money for Kids | ||
| OTHER TIERS: 0.40% → $500+ | |||||
| 1.05% | - | - | IRA Account | ||
| 0.10% | $5 | - | Regular Share | ||
| 0.10% | $5 | - | Christmas Club | ||
| 0.05% | $5 | - | My Savings | ||
L G & W Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $100k* | - | Money Market | ||
| OTHER TIERS: 0.20% → Up to $3k | 0.40% → $3k - $100k | |||||
L G & W Federal Credit Union CD Rates
L G & W Federal Credit Union IRA Rates
| L G & W Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 1616 Whitten Rd | Memphis, TN 38134 |
| Branch Office | 4005 S Mendenhall Rd | Memphis, TN 38115 |