2. L G & W Federal Credit Union

L G & W Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
2.10%5-year CD
3.10% - American Express National Bank 60 Month CDAdvertisement
0.60%1-year CD
1.30% - National Average
0.05%Savings
2.10% - American Express National Bank High Yield Savings AccountAdvertisement
View all L G & W Federal Credit Union rates »

Overview / Commentary
www.lgwfcu.com
901-680-7995
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 1,693rd largest credit union in the nation. It was established in 1940 and as of September of 2018, it had grown to 14 employees and 5,440 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

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Health
A

Data as of Q3 2018

Learn why bank health matters
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

Overall
NCUA #3796
Year Chartered1940
Employees14
Primary Regulator
Profit Margin
Return on Assets - YTD1.14%
Return on Equity - YTD5.37%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$91.8MM$90.1MM
LoansQ3 2018vs Q3 2017$32.2MM$29.8MM
DepositsQ3 2018vs Q3 2017$71.4MM$70.4MM
Equity CapitalQ3 2018vs Q3 2017$19.6MM$19.2MM
Loan Loss AllowanceQ3 2018vs Q3 2017$256.00K$262.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$175.00K$102.00K
Real Estate OwnedQ3 2018vs Q3 2017$38.00K$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.

L G & W Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
6.00%*$500*-Max Money for Kids
OTHER TIERS: 0.40% → Up to $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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.10%$1k-60 Month IRA Certificate
1.90%$1k-48 Month IRA Certificate
1.60%$1k-36 Month One-Time Bump Up IRA Certificate
1.20%$1k-24 Month IRA Certificate
0.60%$1k-12 Month IRA Certificate
Locations


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

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