Featured Savings Rates
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L G & W Federal Credit Union

Popular Accounts at this Credit Union

0.45%1-year CD12 Month Share Certificate
0.05%SavingsMy Savings Account
0.70%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 34th largest credit union in the state of Tennessee. It is also the 1,648th largest credit union in the nation. It was established in 1940 and as of June of 2016, it had grown to 13 employees and 5,245 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


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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 - YTD1.12%
Return on Equity - YTD5.43%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$91.3MM$93.5MM
LoansQ2 2016vs Q2 2015$32.3MM$31.1MM
DepositsQ2 2016vs Q2 2015$72.2MM$74.9MM
Equity CapitalQ2 2016vs Q2 2015$18.9MM$17.8MM
Loan Loss AllowanceQ2 2016vs Q2 2015$189.00K$156.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$197.00K$11.00K
Real Estate OwnedQ2 2016vs Q2 2015$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 Account
OTHER TIERS: 0.15% $500+
0.15%--Traditional IRA Account
0.15%--Roth IRA Account
0.10%--Christmas Club Account
0.05%--Primary Share Account
0.05%--My Savings Account

L G & W Federal Credit Union Money Market Rates

0.15%*$3k*-Money Market Account
OTHER TIERS: 0.10% Up to $3k

L G & W Federal Credit Union CD Rates

0.70%$1k-36 Month One-Time Bump Up Share Certiificate
0.55%$1k-24 Month Share Certificate
0.45%$1k-12 Month Share Certificate
0.30%$1k-6 Month Share Certificate

L G & W Federal Credit Union IRA Rates

0.75%$1k-36 Month IRA Certificate
0.60%$1k-24 Month IRA Certificate
0.50%$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