3600 Wake Forest Rd
Raleigh, NC 27609


2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 24003
Date Established 1983
Assets $2,073.78 million
Loans $1,743.98 million
Deposits $1,829.19 million
Capital $203.42 million

Local Government is an NCUA insured institution located in Raleigh, NC. It was founded in 1983 and has approximately $2073.78 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
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 - May 23, 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
2.53% $25 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1 - Learn MoreShow Less

Loan Rates - May 23, 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
Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
3.905% 3.875% 0.38 $900 $1,176 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.250% 5.250% 0.00 $0 $1,381 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

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

To upload and update your bank's rates please register. It is free to register and add rates.


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:

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
15.90% 7.49

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 December 31, 2018, Local Government had $34,130,114 in non-current loans and $1,235,150 in owned assets. To cover these potential losses it had $203,424,117 in net worth and $18,932,280 in loans loss reserves. That gives it a Texas Ratio of 15.90%.

Net Worth
Local Government U.S. Average
9.96% 13.61%

Local Government FCU has a net worth of 9.96% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Local Government

Branches and Savings

What is Local Government?

A federal credit union, registered with the NCUA under certificate #24003.
Learn more about credit unions here.

Is Local Government FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Local Government?

Please see Field of Membership information above for information on who is eligible to join.

What are Local Government's share account and share certificate rates?

Local Government's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Local Government?

Local Government has total capital of $203.42 million. Full information on Local Government's financial position is located above.

Who owns Local Government?

Credit Unions are owned by their members.

Where are Local Government branches located?

See branch locations nearby.

Are Local Government ATMs Open 24/7?

Do Local Government ATMs accept cash deposits?

Can Local Government customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Local Government have a mobile app?

Does Local Government have mobile deposit?

Does Local Government have quick pay?

How can Local Government transfer money to other banks or credit unions?

Does Local Government report to credit bureaus?

Does Local Government use Chexsystems?

Does Local Government use Equifax?

What is Local Government's toll free phone number?

What is Local Government's ACH Routing Number?

What is Local Government's SWIFT code?

Where can I find Local Government's wire transfer form?

What is the Local Government address for deposits?

What Products Does Local Government Offer

Does Local Government offer mortgages?

Compare mortgage rates here.

Does Local Government offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Local Government offer auto and RV loans?

Compare auto loan rates here.

Does Local Government offer student loans or personal loans?

Compare personal loan rates here.

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