2. L G & W Federal Credit Union

L G & W Federal Credit Union


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 1,690th largest credit union in the nation. It was established in 1940 and as of June of 2019, it had grown to 15 employees and 5,409 members at 2 locations. L G & W Federal Credit Union's CD rates are 22% 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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Health
A

Data as of Q2 2019

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
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD1.04%
Return on Equity - YTD4.74%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$94.1MM$92.2MM
LoansQ2 2019vs Q2 2018$33.5MM$31.6MM
DepositsQ2 2019vs Q2 2018$72.7MM$72.1MM
Equity CapitalQ2 2019vs Q2 2018$20.7MM$19.4MM
Loan Loss AllowanceQ2 2019vs Q2 2018$226.00K$259.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$173.00K$91.00K
Real Estate OwnedQ2 2019vs Q2 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.

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
1.10%$1k-12 Month Share Certificate
0.85%$1k-6 Month Share Certificate

L G & W Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
1.15%$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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