As I was researching another RCA, I discovered that LGE Community Credit Union (LGE) recently raised the rate on its High Rate Checking account. Qualifying balances up to $25k now earn 3.00% APY, with qualifying balances of $25k+ earning 0.10% APY. In addition to the new rate, credit card purchases (in addition to debit card purchases) are now counted towards meeting the qualifying requirements; if an LGE credit card is used, members receive unlimited 1% cash back.
Monthly Qualification Requirements
- Be enrolled in eStatements
- At least one direct deposit or ACH transaction
- At least 15 LGE debit and/or credit card transactions totally at least $500
High Rate Checking Perks
- No minimum balance requirement
- All non-LGE ATM fees refunded, if qualifying requirements are met
- Unlimited 1% cash back on purchases made with LGE VISA® credit card, if qualifying requirements are met
- One free box of checks per year for members 60 years and older.
LGE’s Checking page has complete details about the High Rate Checking account.
Headquartered in Marietta, Georgia, LGE Community Credit Union’s field of membership (FOM) is residency based, with individuals who live in Cherokee, Cobb, Fulton, and Paulding Counties eligible to join.
Joining LGE can be done online, or by downloading the membership application and returning it to any of the nine Georgia branches located in Acworth, Austell, Canton, Hiram, Kennesaw, Marietta (2), Roswell, and Woodstock.
Opening a High Rate Checking account can be done online, or at any of the above mentioned branches.
Credit Union Overview
LGE Community Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.25% (excellent) based on June 30, 2017 data. In the past year, the Credit Union has increased its total non-brokered deposits by $86.8 million, an excellent annual growth rate of 9.25%. Please refer to our financial overview of LGE Community Credit Union (NCUA Charter # 68581) for more details.
Founded in 1951 as the Lockheed Georgia Employees Federal Credit Union, LGE Community Credit Union is currently Georgia’s seventh largest credit union, with more than 104,400 members and assets in excess of $1.2 billion. The original FOM (Lockheed employees) has expanded to include all residents in two Atlanta Metro counties and two Historic High Country counties. In 2009, LGE formed the LGE Community Outreach Foundation, as a way for the Credit Union “to give back to the community.” Since 2010, the Foundation has donated more than $575,000 to community charities.
How High Rate Checking Compares
When compared to the 18 High Yield Reward Checking Accounts tracked by DepositAccounts.com that are available within the FOM and have maximum qualifying balances of at least $25k, LGE Community Credit Union’s High Rate Checking APY currently ranks first.
The above rates are accurate as of 9/23/2017.