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The Local Federal Credit Union

Popular Accounts at this Credit Union

0.60%1-year CD12 Month CD
0.10%SavingsSpecial Savings Account
1.00%3-year CD36 Month CD

Overview / Commentary
8787 N Stemmons Fwy Ste 185
Dallas, TX 75247-3721

The Local Federal Credit Union is headquartered in Dallas and is the 252nd largest credit union in the state of Texas. It is also the 3,283rd largest credit union in the nation. It was established in 1977 and as of September of 2017, it had grown to 13 employees and 5,167 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.
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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. The Local Federal Credit Union has a low asset base.

Health Grade Components

NCUA #22747
Year Chartered1977
Primary Regulator
Profit Margin
Return on Assets - YTD0.24%
Return on Equity - YTD1.3%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$22.3MM$21.6MM
LoansQ3 2017vs Q3 2016$16.3MM$15.3MM
DepositsQ3 2017vs Q3 2016$18.1MM$17.6MM
Equity CapitalQ3 2017vs Q3 2016$4.1MM$4.1MM
Loan Loss AllowanceQ3 2017vs Q3 2016$118.00K$139.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$454.00K$346.00K
Real Estate OwnedQ3 2017vs Q3 2016$0$0
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* 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

0.50%--Traditional IRA Acoount
0.50%--Roth IRA Account
0.50%--Education Savings Account (ESA)
0.25%*$5k*-Savings Share Account
OTHER TIERS: 0.10% $100 - $2,500 | 0.15% $2,500 - $5k
0.10%$250-Christmas Club Account
0.10%$250-Vacation Savings Account
0.10%$250-Special Savings Account

The Local Federal Credit Union Money Market Rates

0.50%*$25k*-Money Market Account
OTHER TIERS: 0.25% $2,500 - $25k

The Local Federal Credit Union Checking Account Rates

0.10%$500-Checking Account

The Local Federal Credit Union CD Rates

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

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 Office1408 W Pioneer DrIrving, TX 75061-7114
Branch Office8787 N Stemmons Fwy Ste 185Dallas, TX 75247-3721