Featured Savings Rates
Featured Accounts

L G & W Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.60%1-year CD12 Month Share Certificate
0.05%SavingsMy Savings
1.20%2-year CD24 Month Share Certificate

Overview / Commentary
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 1,693rd largest credit union in the nation. It was established in 1940 and as of September of 2017, it had grown to 13 employees and 5,441 members at 2 locations. L G & W Federal Credit Union 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

Reviews

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



Health
B+
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
Employees13
Primary Regulator
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD3.42%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$90.1MM$91.2MM
LoansQ3 2017vs Q3 2016$29.8MM$30.7MM
DepositsQ3 2017vs Q3 2016$70.4MM$71.9MM
Equity CapitalQ3 2017vs Q3 2016$19.2MM$19.0MM
Loan Loss AllowanceQ3 2017vs Q3 2016$262.00K$199.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$102.00K$28.00K
Real Estate OwnedQ3 2017vs Q3 2016$0$0
Rates
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
6.00%*-$500Max 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$3k*-Money Market
OTHER TIERS: 0.10% Up to $3k

L G & W Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.45%$1k-28 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$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
Locations


L G & W Federal Credit Union Locations
Branch Office1616 Whitten RdMemphis, TN 38134
Branch Office4005 S Mendenhall RdMemphis, TN 38115