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 1.50% - Ally Bank No Penalty 11-Month CD
0.05%	Savings	My Savings 1.15% - CIT Bank Spring Savings
0.80%	3-year CD	36 Month One-Time Bump Up Share Certiificate 1.60% - Ally Bank High Yield 3 Year CD

View all L G & W Federal Credit Union rates »

Overview / Commentary

www.lgwfcu.com

1616 Whitten Rd
Memphis, TN 38134

L G & W Federal Credit Union is headquartered in Memphis and is the 36^th largest credit union in the state of Tennessee. It is also the 1,691^st largest credit union in the nation. It was established in 1940 and as of March of 2017, it had grown to 13 employees and 5,386 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

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Health

A

Data as of Q1 2017

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 Chartered	1940
Employees	13
Primary Regulator

Profit Margin
Return on Assets - YTD	0.81%
Return on Equity - YTD	3.92%
Annual Interest Income	$678.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$91.8MM$92.2MM
Loans	Q1 2017vs Q1 2016	$30.7MM$32.5MM
Deposits	Q1 2017vs Q1 2016	$72.1MM$73.3MM
Equity Capital	Q1 2017vs Q1 2016	$18.9MM$18.4MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$239.00K$187.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$17.00K$158.00K
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

Rates

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Savings
Money Market
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
6.00%^*	-	$500	Max Money for Children
OTHER TIERS: 0.15% → $500+
0.15%	-	-	Traditional IRA
0.15%	-	-	Roth IRA
0.10%	-	-	Christmas Club
0.05%	-	-	Primary Share Account
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

APY	MIN	MAX	ACCOUNT NAME
0.80%	$1k	-	36 Month One-Time Bump Up Share Certiificate
0.70%	$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

APY	MIN	MAX	ACCOUNT NAME
0.85%	$1k	-	36 Month IRA Certificate
0.75%	$1k	-	24 Month IRA Certificate
0.65%	$1k	-	12 Month IRA Certificate

Locations

L G & W Federal Credit Union Locations
Branch Office	1616 Whitten Rd	Memphis, TN 38134
Branch Office	4005 S Mendenhall Rd	Memphis, TN 38115