Featured Savings Rates
Featured Accounts

Local Government Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.75%5-year CD60 Month CD Certificate
1.25%3-year CD36 Month CD Certificate
0.50%6-month CD6 Month CD Certificate

Overview / Commentary
919-755-0534
323 WJones St Ste 600
Raleigh, NC 27603-1369

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 133rd largest credit union in the nation. It was established in 1983 and as of September of 2016, it had grown to 161 employees and 288,208 members at 1 location. Local Government Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in Local Government Federal Credit Union 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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Reviews (3)

Great Credit Union that Needs to get into the Mobile Market

Posted by: hottovix | Sep 2, 2015

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

Posted by: godsgirl | Jul 10, 2015

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

Posted by: joshm | Nov 23, 2015

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.



Health
B+

Health Grade Components

Overall
NCUA #24003
Year Chartered1983
Employees161
Primary Regulator
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD9.04%
Annual Interest Income$49.9MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$1.73B$1.55B
LoansQ3 2016vs Q3 2015$1.30B$1.09B
DepositsQ3 2016vs Q3 2015$1.56B$1.40B
Equity CapitalQ3 2016vs Q3 2015$159.6MM$142.8MM
Loan Loss AllowanceQ3 2016vs Q3 2015$9.9MM$7.2MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$22.2MM$20.0MM
Real Estate OwnedQ3 2016vs Q3 2015$1.5MM$1.5MM
Rates
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Local Government Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$250-Money Market Account

Local Government Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Interest Checking

Local Government Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW 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
Locations


Local Government Federal Credit Union Locations
Branch Office323 WJones St Ste 600Raleigh, NC 27603-1369