Featured Savings Rates
Featured Accounts

L G & W Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
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 35th largest credit union in the state of Tennessee. It is also the 1,667th largest credit union in the nation. It was established in 1940 and as of September of 2016, it had grown to 14 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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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
Employees14
Primary Regulator
Profit Margin
Return on Assets - YTD1.01%
Return on Equity - YTD4.84%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$91.2MM$93.7MM
LoansQ3 2016vs Q3 2015$30.7MM$31.0MM
DepositsQ3 2016vs Q3 2015$71.9MM$74.9MM
Equity CapitalQ3 2016vs Q3 2015$19.0MM$18.1MM
Loan Loss AllowanceQ3 2016vs Q3 2015$199.00K$165.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$28.00K$62.00K
Real Estate OwnedQ3 2016vs Q3 2015$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

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

L G & W Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

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