Local Government Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.75% | 5-year CD | 60 Month CD Certificate 1.85% - Synchrony Bank 60 Month CD |
| 1.25% | 3-year CD | 36 Month CD Certificate 1.55% - Ally Bank High Yield 3 Year CD |
| 0.50% | 6-month CD | 6 Month CD Certificate 0.32% - National Average |
Local Government Federal Credit Union is headquartered in Raleigh and is the 4th largest credit union in the state of North Carolina. It is also the 132nd largest credit union in the nation. It was established in 1983 and as of June of 2016, it had grown to 156 employees and 282,563 members at 1 location. Local Government Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to employees or volunteers with municipalities in North Carolina, including cities, towns and villages, county governments, and other government-related organizations and family of existing members.
See current membership details
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Great Credit Union that Needs to get into the Mobile Market
I cannot being to say how great this credit union has been to me. I have been to other banks, but LGFCU always treats me with dignity and respect every time that I walk in to have any transaction done. They also take the time to speak with me as a person should do, instead of just give me money when I ask to withdraw it. Their rates are pretty competitive as far as I've seen with the other local banks. They offer a variety of accounts so they should be able to help whoever with any type of account that should fit them. The one negative thing I will say about LGFCU is that they don't have any mobile app available. To counter this, I had to add a shortcut to their website on my phone's home screen. I do feel that they should have an app for ease of use, and hope to see one in the near future.
Best Credit Union in Eastern NC
The Local Government Federal Credit Union is really a wonderful credit union to belong to. They have help my husband and I buy a home and several cars over the years. When my husband was looking for a line of credit to do some home repairs, this credit union was fast to help him get the money he needed. The tellers and all personnel are polite and very helpful. They even suggest doing things outside of their institution if it will help us in the long run. It is conveniently located in town. There is an ATM located at this spot. There are activities for kids to do while parents are doing business with the credit union. I would definitely recommend this credit union to anyone who was interested in become a member there.
Local Government Credit Union
Local Governments Credit Union is a great bank for local government employees in North Carolina. They offer great rates on loans and great first time buyer rates for houses and cars. They have some great features like 2nd chance alerts which allows you the opportunity to deposit money into your bank account before a check is returned, as well as overdraft options and even pay advances for emergencies. I would highly recommend this bank to anyone that is eligible for their services.
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24003 |
| Year Chartered | 1983 |
| Employees | 156 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.73% |
| Return on Equity - YTD | 7.99% |
| Annual Interest Income | $32.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $1.71B$1.52B |
| Loans | Q2 2016vs Q2 2015 | $1.23B$1.06B |
| Deposits | Q2 2016vs Q2 2015 | $1.55B$1.38B |
| Equity Capital | Q2 2016vs Q2 2015 | $155.4MM$135.5MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $9.8MM$7.6MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $20.1MM$19.5MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $1.3MM$1.9MM |
Always verify rates and promotions with the bank or credit union. We are not Local Government Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
Local Government Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.51% | - | - | Health Savings Account | |
| 1.01% | - | - | Traditional IRA Savings | |
| 1.01% | - | - | Roth IRA Savings | |
| 1.01% | - | - | SEP IRA Savings | |
| 1.01% | - | - | Coverdell Education Savings Account | |
| 0.75% | $25 | - | Fat Cat | |
| 0.75% | $25 | - | Zard | |
| 0.75% | $25 | - | Holiday Cash Club | |
| 0.25% | $25 | - | Share |
Local Government Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.35% | $250 | - | Money Market Account |
Local Government Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | - | - | Interest Checking |
Local Government Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.75% | $250 | - | 60 Month CD Certificate | |
| 1.50% | $250 | - | 48 Month CD Certificate | |
| 1.25% | $250 | - | 36 Month CD Certificate | |
| 1.00% | $250 | - | 18 Month CD Certificate | |
| 1.00% | $250 | - | 24 Month CD Certificate | |
| 1.00% | $250 | - | 30 Month CD Certificate | |
| 0.75% | $250 | - | 12 Month CD Certificate | |
| 0.50% | $250 | - | 6 Month CD Certificate |
| Local Government Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 323 WJones St Ste 600 | Raleigh, NC 27603-1369 |