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L G & W Federal Credit Union

L G & W Federal Credit Union

Popular Accounts at this Credit Union

0.60%1-year CD12 Month Share Certificate
0.05%SavingsMy Savings
0.80%3-year CD36 Month One-Time Bump Up Share Certiificate

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 1,691st 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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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 - YTD0.81%
Return on Equity - YTD3.92%
Annual Interest Income$678.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$91.8MM$92.2MM
LoansQ1 2017vs Q1 2016$30.7MM$32.5MM
DepositsQ1 2017vs Q1 2016$72.1MM$73.3MM
Equity CapitalQ1 2017vs Q1 2016$18.9MM$18.4MM
Loan Loss AllowanceQ1 2017vs Q1 2016$239.00K$187.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$17.00K$158.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
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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

6.00%*-$500Max Money for Children
OTHER TIERS: 0.15% $500+
0.15%--IRA Account
0.10%--Christmas Club
0.05%--Primary Regular Share Account
0.05%--My Savings

L G & W Federal Credit Union Money Market Rates

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

L G & W Federal Credit Union CD Rates

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

0.85%$1k-36 Month One-Time Bump Up IRA Certificate
0.75%$1k-24 Month 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