Local Government Federal Credit Union

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A short history of Local Government FCU

Since its inception in 1983 the Local Government Federal Credit Union has been serving its members in the Raleigh, North Carolina area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Maurice Smith, the Local Government FCU has grown its membership to over 306,234 with assets of more than $1,886,283,253. They have a main office and 0 branch offices. Please see the credit unions website or contact them by phone at (919) 755-0534 or email them at info@lgfcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Raleigh, NC.

General Information For Local Government FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 24003
Address 323 W Jones St, Ste 600 
City Raleigh 
State North Carolina 
Zip-Code 27603
Phone Number (919) 755-0534
Fax Number (919) 755-0193
Email Address: info@lgfcu.org
CEO/President Maurice Smith
Members 306,234 
Full-Time Employees 170 
Part-Time Employees
Number of Branch Offices
Total Assets 1,886,283,253 
Website http://www.lgfcu.org 

Compare Local Government Federal Credit Union To Other Local Credit Unions


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Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Shaw University CU 201 TUPPER HALL 118 E South St 27601 (919) 546-8440 No 6.29
North Carolina Press Association CU Corporate Office 119 N Salisbury St 27690 (919) 839-5338 No 6.50
First Flight CU Cary Corporate Headquarters 1815 Kildaire Farm Rd 27518 (919) 851-5690 No 7.59
State Employees' CU THOMASVILLE 1700 LIBERTY DR 27360 (336) 476-2977 No 7.87
Coastal CU Quail Plaza # 18 Quail Plaza 27609 (919) 420-8000 No 10.57

Local Government Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Local Government Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 10.25 3.75 4.75 4.75 3.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 272 243 296 238 27
Rank Among All North Carolina Credit Unions 20 24 28 24 1

Local Government Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.15 0.25 0.60 1.75 1.00
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 108 95 48 61 158
Rank Among All North Carolina Credit Unions 9 8 8 3 9
Local Government Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.25033,52184,146,612
All Other Unsecured Loans/Lines of Credit 10.75039,924170,397,690
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.7506,562133,989,324
Used Vehicle Loans 4.75036,584376,691,715
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.7504,939586,211,484
Total Other Real Estate Loans/Lines of Credit 3.0003,40678,119,874
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.0003,08258,728,643
TOTAL LOANS & LEASES 128,0181,488,285,342

Local Government Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 10516,756,41774,465,617
    b. 15 Years or less 20119,164,66517115,937,986
Balloon/Hybrid
    a. > 15 years 116,638,42100
    b. 15 Years or less 0000
Other Fixed Rate 302,639,2171588,548
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 4,592541,012,7641,099159,077,550

OTHER REAL ESTATE

Closed-End Fixed Rate 1461,884,64900
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 3,26076,235,2252,12719,660,438
Open-End Fixed Rate 0000
TOTALS 8,345664,331,3583,419199,230,139

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 302,639,2171588,548

Local Government Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending Yes
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes