Overview / Commentary
L G & W Federal Credit Union is headquartered in Memphis and is the 37th largest credit union in the state of Tennessee. It is also the 1,689th largest credit union in the nation. It was established in 1940 and as of December of 2019, it had grown to 15 employees and 5,462 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
Health
A
Data as of Q4 2019
Learn why bank health mattersAdditional 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 Chartered | 1940 |
| Employees | 15 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.76% |
| Return on Equity - YTD | 3.4% |
| Annual Interest Income | $3.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $94.0MM$93.8MM |
| Loans | Q4 2019vs Q4 2018 | $35.2MM$33.1MM |
| Deposits | Q4 2019vs Q4 2018 | $72.7MM$73.1MM |
| Equity Capital | Q4 2019vs Q4 2018 | $20.9MM$20.0MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $154.00K$257.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $174.00K$173.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |