Featured Savings Rates
Featured Accounts

The Local Federal Credit Union

Popular Accounts at this Credit Union

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

Overview / Commentary
800-634-2304
8787 N Stemmons Fwy Ste 185
Dallas, TX 75247-3721

The Local Federal Credit Union is headquartered in Dallas and is the 258th largest credit union in the state of Texas. It is also the 3,330th largest credit union in the nation. It was established in 1977 and as of June of 2016, it had grown to 14 employees and 5,112 members at 2 locations. The Local Federal Credit Union's money market rates are 14% higher than the national average, and it has a C+ 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

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
C+
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

Overall
NCUA #22747
Year Chartered1977
Employees14
Primary Regulator
Profit Margin
Return on Assets - YTD0.23%
Return on Equity - YTD1.24%
Annual Interest Income$825.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$22.0MM$22.5MM
LoansQ2 2016vs Q2 2015$15.7MM$15.7MM
DepositsQ2 2016vs Q2 2015$18.2MM$18.1MM
Equity CapitalQ2 2016vs Q2 2015$4.0MM$3.9MM
Loan Loss AllowanceQ2 2016vs Q2 2015$142.00K$175.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$468.00K$549.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
Rates
Report an Issue

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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

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

The Local Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$500-Checking Account

The Local Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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
Locations


The Local Federal Credit Union Locations
Branch Office1408 W Pioneer DrIrving, TX 75061-7114
Branch Office8787 N Stemmons Fwy Ste 185Dallas, TX 75247-3721