Local Government Federal Credit Union
Headquarters
3600 Wake Forest Rd
Raleigh, NC 27609
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2024 Overview
General Credit Union Information
Local Government is an NCUA insured institution located in Raleigh, NC. It was founded in 1983 and has approximately $3967.66 millions in assets.
Who can join?
You are eligible to join if you are..
An employee, elected official or appointed official of a North Carolina local government unit
A brother, sister, parent, grandparent, child or spouse of an LGFCU member
A volunteer for a local government unit
Retired from local government in North Carolina
A spouse of a deceased person who was eligible for membership
Sharing a household with a member of LGFCU
To join, you must be affiliated with either a local government unit as an employee, elected official or volunteer, or be a family member of a current member.
Local government units are
Towns, cities, counties
Municipal departments (such as fire, law enforcement, rescue and EMS, planning, finance, parks & recreation)
Government-owned hospitals
Libraries
Authorities (such as housing, airport, and water and sewer)
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 24003 |
| Date Established | 1983 |
| Assets | $3,967.66 million |
| Loans | $3,525.60 million |
| Deposits | $3,519.82 million |
| Capital | $368.16 million |
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.
Deposit Rates - November 16, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.40% | $2,500 | $4,999 |
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|
|
Money Market
|
0.60% | $2,500 | $2,999 |
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|
|
Money Market
|
0.60% | $10,000 | $14,999 |
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|
|
Money Market
|
0.60% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.15% | $1 | $99 | Learn More |
| Int Ckg
|
0.15% | $2,500 | $3,499 | Learn More |
Loan Rates - November 16, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Local Government
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 3030 |
7.225% | 7.125% | 1.00 | $3,200 | $2,156 | Learn More |
NMLS ID: 491986 |
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NMLS ID: Not a Lender |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.490 % After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to Local Government
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Local Government branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Local Government Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 369.64 | A | View Lobby Hours | |
| 369.64 | B | View Lobby Hours |
Climate Policy and Initiatives
LOCAL GOVERNMENT is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Local Government Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Local Government. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Local Government | U.S. Average |
|---|---|
| 27.28% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Local Government had $108,388,351 in non-current loans and $1,731,220 in owned assets. To cover these potential losses it had $368,164,195 in net worth and $35,543,129 in loans loss reserves. That gives it a Texas Ratio of 27.28%.
Net Worth
| Local Government | U.S. Average |
|---|---|
| 9.24% | 13.93% |
Local Government FCU has a net worth of 9.24% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Local Government
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