Local Government Federal Credit Union

Headquarters

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

Notable Rates APY Vs.Others
Savings 0.40% 5.55% →
1-Year CD 0.65% 5.60% →
2-Year CD 0.75% 4.90% →
5-Year CD 0.90% 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

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 $4030.72 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 $4,030.72 million
Loans $3,564.09 million
Deposits $3,361.37 million
Capital $367.01 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 - April 23, 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 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 - April 23, 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
PenFed Credit Union
NMLS ID: 401822
6.818% 6.625% 1.00 $6,400 $2,049 Learn More
Tomo Mortgage, LLC
NMLS ID: 2059741
6.994% 6.875% 0.63 $3,885 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.451% 7.375% 0.75 $2,400 $2,211 Learn More
Veterans United Home Loans
NMLS ID: 1907
Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
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



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
31.14% 6.97

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, 2023, Local Government had $124,077,024 in non-current loans and $1,273,615 in owned assets. To cover these potential losses it had $367,010,915 in net worth and $35,543,129 in loans loss reserves. That gives it a Texas Ratio of 31.14%.

Net Worth
Local Government U.S. Average
9.1% 13.62%

Local Government FCU has a net worth of 9.1% versus the BestCashCow average of 13.62. 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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