L G & W Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.60% | 1-year CD | 12 Month Share Certificate |
| 0.05% | Savings | My Savings |
| 1.20% | 2-year CD | 24 Month Share Certificate 2.25% - Synchrony Bank 24 Month CD |
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 1,683rd largest credit union in the nation. It was established in 1940 and as of December of 2017, it had grown to 14 employees and 5,491 members at 2 locations. L G & W Federal Credit Union 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 Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 3796 |
| Year Chartered | 1940 |
| Employees | 14 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.8% |
| Return on Equity - YTD | 3.79% |
| Annual Interest Income | $2.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $91.1MM$91.0MM |
| Loans | Q4 2017vs Q4 2016 | $31.2MM$31.0MM |
| Deposits | Q4 2017vs Q4 2016 | $71.1MM$71.6MM |
| Equity Capital | Q4 2017vs Q4 2016 | $19.2MM$18.6MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $235.00K$211.00K |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $124.00K$29.00K |
| Real Estate Owned | Q4 2017vs Q4 2016 | $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 Children | ||
| OTHER TIERS: 0.15% → $500+ | |||||
| 0.40% | - | - | IRA Account | ||
| 0.10% | - | - | Primary Regular Share Account | ||
| 0.10% | - | - | Christmas Club | ||
| 0.05% | - | - | My Savings | ||
L G & W Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.30%* | $3k* | - | Money Market | ||
| OTHER TIERS: 0.10% → Up to $3k | |||||
L G & W Federal Credit Union CD Rates
L G & W Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $1k | - | 28 Month IRA Certificate | |
| 1.25% | $1k | - | 24 Month IRA Certificate | |
| 0.85% | $1k | - | 36 Month One-Time Bump Up IRA Certificate | |
| 0.65% | $1k | - | 12 Month IRA Certificate |
| L G & W Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 1616 Whitten Rd | Memphis, TN 38134 |
| Branch Office | 4005 S Mendenhall Rd | Memphis, TN 38115 |