Sep, 30, 2025 — L G & W FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 1 branch location and about $111.34 million in total assets. Opened 86 years ago in 1940, L G & W FEDERAL CREDIT UNION has about 5,739 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | L G & W FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1616 Whitten Rd MEMPHIS, TN 38134 |
| Phone: | (901) 680-7995 |
| Fax: | (901) 680-7998 |
| Website: | https://www.lgwfcu.com |
| Branches: | 1 branch locations |
| Members: | 5,739 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3796 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $111,337,905 |
| CEO/Manager: | Diana M Veazey |
| Chairperson: | Jane Carvin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,859,992 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,938,121 |
| Unsecured Loans | 10,055,445 |
| Other Loans | 13,700,421 |
| TOTAL LOANS | 32,736,632 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -227,628 |
| Land And Building | 2,259,259 |
| Other Fixed Assets | 227,258 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 808,696 |
| All Other Assets | 0 |
| TOTAL ASSETS | 111,337,905 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 655,655 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,928,915 |
| Regular shares | 27,026,941 |
| All Other Shares & Deposits | 45,886,199 |
| TOTAL SHARES & DEPOSITS | 87,842,056 |
| TOTAL LIABILITIES | 88,501,402 |
| Regular Reserve | 0 |
| Other Reserves | -1,591,592 |
| Undivided Earnings | 24,428,095 |
| TOTAL EQUITY | 22,836,503 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 111,337,905 |
| INCOME & EXPENSE | |
| Loan Income | 2,061,903 |
| Investment Income | 1,734,267 |
| Other Income | 384,219 |
| Total Employee Compensation & Benefits | 1,102,487 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,140,569 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,000 |
| Cost of Funds | 867,643 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,129,914 |
| ↑ Back to Top | |