Featured Savings Rates
Featured Accounts

L G & W Federal Credit Union

Popular Accounts at this Credit Union

1.75%5-year CD60 Month Share Certificate
0.60%1-year CD12 Month Share Certificate
0.05%SavingsMy Savings

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 1,707th largest credit union in the nation. It was established in 1940 and as of March of 2018, it had grown to 15 employees and 5,425 members at 2 locations. L G & W Federal Credit Union's money market rates are 14% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees of Memphis, Light, Gas & Water and their immediate family..
See current membership details


No reviews have been left for this bank yet. Be the first to review.

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 - YTD0.89%
Return on Equity - YTD4.24%
Annual Interest Income$733.00K
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$90.8MM$91.8MM
LoansQ1 2018vs Q1 2017$31.1MM$30.7MM
DepositsQ1 2018vs Q1 2017$70.9MM$72.1MM
Equity CapitalQ1 2018vs Q1 2017$19.2MM$18.9MM
Loan Loss AllowanceQ1 2018vs Q1 2017$254.00K$239.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$154.00K$17.00K
Real Estate OwnedQ1 2018vs Q1 2017$0$0
Skip to rates for:
Report an Issue

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

6.00%*-$500Max Money for Children
OTHER TIERS: 0.40% $500+
0.50%--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

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-28 Month Share Certificate
1.75%$1k-60 Month Share Certificate
1.45%$1k-48 Month Share Certificate
1.20%$1k-24 Month Share Certificate
0.80%$1k-36 Month One-Time Bump Up Share Certiificate
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-28 Month IRA Certificate
1.80%$1k-60 Month IRA Certificate
1.50%$1k-48 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 Office1616 Whitten RdMemphis, TN 38134
Branch Office4005 S Mendenhall RdMemphis, TN 38115

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.