1. Banks
  2. L G & W Federal Credit Union

L G & W Federal Credit Union


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 37th largest credit union in the state of Tennessee. It is also the 1,697th largest credit union in the nation. It was established in 1940 and as of March of 2020, it had grown to 16 employees and 5,457 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

Reviews

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



Health
A

Data as of Q1 2020

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 Chartered1940
Employees16
Primary Regulator
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD2.33%
Annual Interest Income$809.00K
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$95.7MM$94.6MM
LoansQ1 2020vs Q1 2019$34.0MM$32.6MM
DepositsQ1 2020vs Q1 2019$73.9MM$73.6MM
Equity CapitalQ1 2020vs Q1 2019$21.2MM$20.3MM
Loan Loss AllowanceQ1 2020vs Q1 2019$165.00K$231.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$111.00K$178.00K
Real Estate OwnedQ1 2020vs Q1 2019$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%*$500*-Max Money for Kids
OTHER TIERS: 0.20% → Up to $500
0.55%--IRA Account
0.10%$5-Christmas Club
0.05%$5-Regular Share
0.05%$5-My Savings

L G & W Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Money Market
OTHER TIERS: 0.05% → Up to $3k | 0.20% → $3k - $100k

L G & W Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-60 Month Share Certificate
0.95%$1k-48 Month Share Certificate
0.90%$1k-36 Month One-Time Bump Up Share Certiificate
0.80%$1k-24 Month Share Certificate
0.70%$1k-12 Month Share Certificate
0.50%$1k-6 Month Share Certificate

L G & W Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%$1k-60 Month IRA Certificate
1.00%$1k-48 Month IRA Certificate
0.95%$1k-36 Month One-Time Bump Up IRA Certificate
0.85%$1k-24 Month IRA Certificate
0.75%$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

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.