LOCAL GOVERNMENT

323 W Jones St, Ste 600
Raleigh, NC 27603

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 24003
Date Established 1983
Assets $2,020.05 million
Loans $1,678.96 million
Deposits $1,815.61 million
Capital $195.60 million

Local Government is an NCUA insured institution located in Raleigh, NC. It was founded in 1983 and has approximately $2020.05 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)

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 - March 24, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
1.51% $250 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
1.85% $250 - Learn MoreShow Less
12 Mo CD
2.00% $250 - Learn MoreShow Less
18 Mo CD
2.10% $250 - Learn MoreShow Less
24 Mo CD
2.20% $250 - Learn MoreShow Less
30 Mo CD
2.35% $250 - Learn MoreShow Less
36 Mo CD
2.60% $250 - Learn MoreShow Less
48 Mo CD
2.80% $250 - Learn MoreShow Less
60 Mo CD
3.00% $250 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
2.53% $25 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1 - Learn MoreShow Less

Loan Rates - March 24, 2019

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More
PenFed Credit Union
NMLS ID: 401822
4.250% 4.125% 0.50 $3,750 $1,212 Learn More
Rocket Mortgage
NMLS ID: 3030
4.560% 4.560% 0.00 $0 $1,276 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$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:
Ashburn,Virginia


Local Government Locations


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
17.58% 6.94

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 March 31, 2018, Local Government had $35,269,613 in non-current loans and $2,084,222 in owned assets. To cover these potential losses it had $195,600,099 in net worth and $16,919,363 in loans loss reserves. That gives it a Texas Ratio of 17.58%.

Net Worth
Local Government U.S. Average
9.97% 13.08%

Local Government FCU has a net worth of 9.97% versus the BestCashCow average of 13.08. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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