L G & W Federal Credit Union

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.lgwfcu.com

901-680-7995

1616 Whitten Rd
Memphis, TN 38134

L G & W Federal Credit Union is headquartered in Memphis and is the 40^th largest credit union in the state of Tennessee. It is also the 1,734^th largest credit union in the nation. It was established in 1940 and as of March of 2025, it had grown to 13 employees and 5,678 members at 2 locations. L G & W Federal Credit Union's CD rates are 4X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in LG&W Federal Credit Union is open to employees of Memphis Light, Gas & Water and their immediate family..
See current membership details

Reviews

Write a Review

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

Health

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #	3796
Year Chartered	1940
Employees	13
Primary Regulator

Profit Margin
Return on Assets - YTD	1.39%
Return on Equity - YTD	7.12%
Annual Interest Income	$1.2MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$112.2MM$111MM
Loans	Q1 2025vs Q1 2024	$32.7MM$33MM
Deposits	Q1 2025vs Q1 2024	$89.9MM$90.8MM
Equity Capital	Q1 2025vs Q1 2024	$21.6MM$19.3MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$296K$442K
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$226K$170K
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Skip to rates for:

Savings
Money Market
CD
IRA

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

APY	MIN	MAX	ACCOUNT NAME
6.00%^*	$0	$500	Max Money for Kids
OTHER TIERS: 1.00% → $500+
0.20%	$5	-	Regular Share
0.20%	$5	-	My Savings
0.20%	$5	-	Christmas Club

L G & W Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.50%^*	$100k^*	-	Money Market
OTHER TIERS: 0.20% → $0 - $3k \| 1.00% → $3k - $100k

L G & W Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.75%	$1k	-	6 Month Share Certificate
3.50%	$1k	-	12 Month Share Certificate
3.00%	$1k	-	24 Month Share Certificate
2.25%	$1k	-	36 Month One-Time Bump Up Share Certiificate
2.25%	$1k	-	60 Month Share Certificate
2.25%	$1k	-	48 Month Share Certificate

L G & W Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.55%	$1k	-	12 Month IRA Certificate
3.05%	$1k	-	24 Month IRA Certificate
2.30%	$1k	-	36 Month One-Time Bump Up IRA Certificate
2.30%	$1k	-	48 Month IRA Certificate
2.30%	$1k	-	60 Month IRA Certificate
1.00%	$0	-	IRA Account

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

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 [email protected] 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.