Sep, 30, 2025 — LOCAL GOVERNMENT FEDERAL CREDIT UNION is a federal credit union headquartered in RALEIGH, NC with 11 branch locations and about $3.51 billion in total assets. Opened 43 years ago in 1983, LOCAL GOVERNMENT FEDERAL CREDIT UNION has about 366,134 members and employs 458 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOCAL GOVERNMENT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3600 Wake Forest Rd RALEIGH, NC 27609-7309 |
| Phone: | (919) 755-0534 |
| Fax: | (919) 755-0193 |
| Website: | https://www.civicfcu.org/ |
| Branches: | 11 branch locations |
| Members: | 366,134 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24003 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1983 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,513,605,846 |
| CEO/Manager: | Dwayne Naylor |
| Chairperson: | Aaron Noble, Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 131,221,842 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,122,447,011 |
| Unsecured Loans | 450,064,684 |
| Other Loans | 517,017,558 |
| TOTAL LOANS | 3,089,595,724 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -42,499,642 |
| Land And Building | 78,803,156 |
| Other Fixed Assets | 18,601,487 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 26,838,773 |
| All Other Assets | 3,661,834 |
| TOTAL ASSETS | 3,513,605,846 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 336,395 |
| Notes & Interest Payable | 380,000,000 |
| Accounts Payable & Other Liabilities | 32,731,425 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 52,500,000 |
| Share Drafts | 378,540,738 |
| Regular shares | 443,475,743 |
| All Other Shares & Deposits | 2,013,185,131 |
| TOTAL SHARES & DEPOSITS | 2,835,201,612 |
| TOTAL LIABILITIES | 3,300,769,432 |
| Regular Reserve | 0 |
| Other Reserves | 1,828,884 |
| Undivided Earnings | 211,007,530 |
| TOTAL EQUITY | 212,836,414 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,513,605,846 |
| INCOME & EXPENSE | |
| Loan Income | 146,515,858 |
| Investment Income | 6,972,016 |
| Other Income | 8,462,171 |
| Total Employee Compensation & Benefits | 45,773,745 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 119,966,843 |
| Non-operating Income & (Expense) | 20,445 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,855,867 |
| Cost of Funds | 71,342,390 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -75,365,011 |
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