Local Government Federal Credit Union


3600 Wake Forest Rd
Raleigh, NC 27609
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.40% 2.55% →
1-Year CD 0.65% 2.80% →
2-Year CD 0.75% 3.20% →
5-Year CD 0.90% 3.65% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

Local Government is an NCUA insured institution located in Raleigh, NC. It was founded in 1983 and has approximately $3496.31 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)

NCUA Insured Yes / Federally Chartered
Charter Number # # 24003
Date Established 1983
Assets $3,496.31 million
Loans $2,857.92 million
Deposits $3,177.58 million
Capital $308.18 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 - August 13, 2022

Your Current Location: California, CA 92111

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.40% $2,500 $4,999 Learn More
Money Market
0.60% $2,500 $2,999 Learn More
Money Market
0.60% $10,000 $14,999 Learn More
Money Market
0.60% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.60% $10,000 $14,999 Learn More
6 Mo CD
0.60% $100,000 $199,999 Learn More
12 Mo CD
0.65% $10,000 $14,999 Learn More
12 Mo CD
0.65% $100,000 $199,999 Learn More
18 Mo CD
0.70% $10,000 $14,999 Learn More
18 Mo CD
0.70% $100,000 $199,999 Learn More
24 Mo CD
0.75% $10,000 $14,999 Learn More
24 Mo CD
0.75% $100,000 $199,999 Learn More
30 Mo CD
0.75% $10,000 $14,999 Learn More
30 Mo CD
0.75% $100,000 $199,999 Learn More
36 Mo CD
0.80% $10,000 $14,999 Learn More
36 Mo CD
0.80% $100,000 $199,999 Learn More
48 Mo CD
0.85% $10,000 $14,999 Learn More
48 Mo CD
0.85% $100,000 $199,999 Learn More
60 Mo CD
0.90% $10,000 $14,999 Learn More
60 Mo CD
0.90% $100,000 $199,999 Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1 $99 Learn MoreShow Less
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 13, 2022

Your Current Location: California, CA 92111

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 - California 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 413-0477
4.851% 4.750% 0.75 $2,920 $1,305 Learn More
Choicelend Mortgage
NMLS ID: 292770
License#: 01739645
4.455% 4.375% 1.00 $2,358 $1,249 Learn More
JWH Financial, Inc
NMLS ID: 1433621
4.637% 4.500% 0.38 $4,032 $1,267 Learn More

Featured - California Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

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:
San Diego,California

Local Government Locations

Climate 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.

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
18.70% 4.75

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, 2022, Local Government had $61,294,202 in non-current loans and $626,768 in owned assets. To cover these potential losses it had $308,177,386 in net worth and $22,934,932 in loans loss reserves. That gives it a Texas Ratio of 18.70%.

Net Worth
Local Government U.S. Average
9.38% 12.28%

Local Government FCU has a net worth of 9.38% versus the BestCashCow average of 12.28. 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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