Native Authorities Federal Credit score Union is a not-for-profit cooperative that solely serves North Carolina’s native authorities staff and volunteers, elected and appointed officers, and their households. It obtained a federal constitution in 1983. LGFCU gives a community of greater than 250 branches and over 1,000 CashPoints ATMs throughout the state.
All charges and charges are present as of June 27, 2023 and are topic to alter.
Native Authorities Federal Credit score Union choices
The Native Authorities FCU gives a number of forms of deposit accounts to assist members meet their financial savings objectives. This consists of a number of checking, financial savings (share), and CD accounts, in addition to a cash market account choice.
Checking and financial savings accounts
LGFCU gives two checking accounts, in addition to a number of financial savings accounts designed for various kinds of objectives. Any dividends earned through these accounts are compound each day and are paid month-to-month. Though there may be at present no free checking account obtainable, the month-to-month charges are minimal. The credit score union additionally doesn’t provide a high-yield financial savings account choice at the moment.
- Checking Account
- APY: 0.15%
- Minimal opening deposit: None
- Minimal steadiness: $0
- Charges:
- Month-to-month charge: $1
- Overdraft charge: $25
- ATM charge: None
- CashPoints World Account
- APY: N/A
- Minimal steadiness: $0
- Charges:
- Share Account
- APY: 0.75%
- Minimal steadiness: $25
- Charges:
- $1 service charge if steadiness drops beneath minimal
- FAT CAT Children Account
- APY: 0.75%
- Minimal opening deposit: $5
- Well being Financial savings Account (HSA)
- APY: 2.22%
- Minimal opening deposit: $0
- Vacation Money Membership Account
- APY: 0.75%
- Minimal steadiness: $5
- Coverdell Schooling Financial savings Account (ESA)
- APY: 2.22%
- Minimal opening deposit: $25
- Charges:
- $1 service charge if steadiness drops beneath minimal
Cash market accounts
LGFCU additionally gives a cash market account with a aggressive rate of interest.
- Cash Market Share Account
- APY: 2.02%
- Minimal steadiness: $250
- Charges:
- $2 service charge if steadiness drops beneath minimal
Certificates of deposit
For members who wish to earn larger yields by maintaining their financial savings on deposit longer, Native Authorities Federal Credit score Union gives a variety of CDs with among the finest CD charges obtainable in the present day.
- Share Time period Certificates
- APY:
- 6-month: 5.00%
- 12-month: 5.25%
- 18-month: 5.50%
- 24-month: 4.80%
- 30-month: 3.95%
- 36-month: 4.00%
- 48-month: 4.20%
- 60-month: 4.50%
- Minimal deposit: $250
- Charges:
- Early withdrawal penalty: Contact credit score union for charge data
- APY:
Different providers Native Authorities Federal Credit score Union gives
Along with many deposit account choices, Native Authorities FCU additionally gives a variety of extra services:
- Loans, together with auto loans, private loans, mortgage loans, dwelling fairness strains of credit score (HELOCs), and extra.
- Particular person Retirement Preparations (IRAs), together with conventional, Roth, and SEP IRAs.
- Insurance coverage, together with householders, auto, life, and AD&D insurance coverage insurance policies.
- Bank cards with no annual charge and aggressive rates of interest.
The Native Authorities FCU platform and buyer help
LGFCU gives a web-based banking platform in order that members can handle their cash at any time and message a consultant, if wanted. It additionally gives a extremely rated cellular app that has 4.9 stars on the Apple retailer (designed for iPad), and 4.8 stars on Google Play.
If you’ll want to get in contact with customer support, you may name 888-732-8562 toll-free. Member service help workers are 24 hours a day, 7 days every week. You may as well ship a secured message by logging into Member Join.
Execs and cons of Native Authorities Federal Credit score Union
When you’re contemplating changing into a member of LGFCU, there are a couple of execs and cons to contemplate first.
Execs
- Low minimal opening deposits
- Aggressive CD charges
- Extremely rated cellular app
Cons
- Month-to-month service charges
- Membership restricted to North Carolina residents
Steadily requested questions
Is Native Authorities Federal Credit score Union the identical as SECU?
These are two totally different credit score unions. Nonetheless, LGFCU and SECU have been partnered since 1983, and SECU serves LGFCU members by SECU’s statewide department community.
Who can be part of Native Authorities Federal Credit score Union?
LGFCU has a large area of membership, open to North Carolina’s native authorities staff and volunteers, elected and appointed officers, and their households. Membership can be open to people who find themselves related to native authorities staff and volunteers.
What’s the tackle for the Native Authorities Federal Credit score Union?
The LGFCU headquarters is positioned on the following tackle:
Quorum Middle
323 West Jones Road, Suite 600
Raleigh, NC 27603
