The Local Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.60% | 1-year CD | 12 Month CD 0.62% - National Average |
| 0.10% | Savings | Special Savings Account |
| 1.00% | 3-year CD | 36 Month CD 1.60% - Ally Bank High Yield 3 Year CD |
The Local Federal Credit Union is headquartered in Dallas and is the 250th largest credit union in the state of Texas. It is also the 3,289th largest credit union in the nation. It was established in 1977 and as of June of 2017, it had grown to 12 employees and 5,137 members at 2 locations. The Local Federal Credit Union's money market rates are 14% higher than the national average, and it has a B health rating.
Field of Membership Restrictions
Membership is open to members of Teamsters Locals 767, 745, 19, 577, and 263, members and employees of Amalgamated Transit Union 1338, Employees of the law firms; Hicks, Gillespie, James, Rozen, Preston, P.C. and Mullonax, Wells, Babb, Cloutman, P.C., members and employees of American Legion Post 597, Motiva Enterprises LLC, Employees of Texaco Inc. who work in the Dallas area, Shell Oil Company, Superior Fuels & Lubricants, Eason Petroleum, Coastal Transportation Company Inc., Triple A Oil Company, Inc. who work in Dallas, TX, Managed Construction & Maintenance, Inc, L.D. McCloud Transportation, employees of Dupre Transport who work or are supervised from Dallas, TX, North Texas Harley Owners Group, employees of Doskocil Manufacturing Company, employees of Enterprise Car Sales, employees of Reps International.
See current membership details
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 22747 |
| Year Chartered | 1977 |
| Employees | 12 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.11% |
| Return on Equity - YTD | 0.59% |
| Annual Interest Income | $768.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $22.7MM$22.0MM |
| Loans | Q2 2017vs Q2 2016 | $15.2MM$15.7MM |
| Deposits | Q2 2017vs Q2 2016 | $18.7MM$18.2MM |
| Equity Capital | Q2 2017vs Q2 2016 | $4.1MM$4.0MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $120.00K$142.00K |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $379.00K$468.00K |
| Real Estate Owned | Q2 2017vs Q2 2016 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not The Local 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.
The Local Federal Credit Union Savings Account Rates
The Local Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $25k* | - | Money Market Account | ||
| OTHER TIERS: 0.25% → $2,500 - $25k | |||||
The Local Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $500 | - | Checking Account |
The Local Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | $500 | - | 36 Month CD | |
| 0.75% | $500 | - | 24 Month CD | |
| 0.60% | $500 | - | 12 Month CD | |
| 0.35% | $500 | - | 6 Month CD | |
| 0.15% | $500 | - | 3 Month CD |
The Local Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | - | - | 36 Month Traditional IRA | |
| 0.75% | - | - | 24 Month Traditional IRA | |
| 0.60% | - | - | 12 Month Traditional IRA | |
| 0.35% | - | - | 6 Month Traditional IRA | |
| 0.15% | - | - | 3 Month Traditional IRA |
| The Local Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 1408 W Pioneer Dr | Irving, TX 75061-7114 |
| Branch Office | 8787 N Stemmons Fwy Ste 185 | Dallas, TX 75247-3721 |