Overview / Commentary
1616 Whitten Rd
Memphis, TN 38134

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..
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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. L G & W Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #3796
Year Chartered1940
Primary Regulator
Profit Margin
Return on Assets - YTD1.12%
Return on Equity - YTD5.29%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$92.2MM$92.2MM
LoansQ2 2018vs Q2 2017$31.6MM$30.4MM
DepositsQ2 2018vs Q2 2017$72.1MM$72.5MM
Equity CapitalQ2 2018vs Q2 2017$19.4MM$19.1MM
Loan Loss AllowanceQ2 2018vs Q2 2017$259.00K$270.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$91.00K$87.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
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* 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

6.00%*-$500Max 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

0.50%*$100k*-Money Market
OTHER TIERS: 0.20% Up to $3k | 0.40% $3k - $100k

L G & W Federal Credit Union CD Rates

2.10%$1k-60 Month Share Certificate
1.90%$1k-48 Month Share Certificate
1.60%$1k-36 Month One-Time Bump Up Share Certiificate
1.20%$1k-24 Month Share Certificate
0.60%$1k-12 Month Share Certificate
0.40%$1k-6 Month Share Certificate

L G & W Federal Credit Union IRA Rates

2.15%$1k-60 Month IRA Certificate
1.95%$1k-48 Month IRA Certificate
1.65%$1k-36 Month One-Time Bump Up IRA Certificate
1.25%$1k-24 Month IRA Certificate
0.65%$1k-12 Month IRA Certificate

L G & W Federal Credit Union Locations
Branch Office1616 Whitten RdMemphis, TN 38134
Branch Office4005 S Mendenhall RdMemphis, TN 38115

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