History
In 1982, a small, dedicated group of county and municipal employees recognized that local government employees throughout North Carolina would benefit from having their own credit union. With the support of the N.C. League of Municipalities and the N.C. Association of County Commissioners, a committee investigated and prepared the paperwork to request a federal charter from the National Credit Union Administration (NCUA) to start a credit union.
On March 24, 1983, NCUA granted a federal charter to the North Carolina Local Government Employees' Federal Credit Union, with a field of membership to include local government employees statewide.
First Board of Directors (Location and Length of Service)
Lynn Tucker
Wake County
April 1983-April 1984
Andrew D. Flick, Jr.
Davidson County
April 1983-April 1984
Ernest Bell
N.C. League of Municipalities
April 1983-September 1983
Kramer Jackson
Johnston County
April 1983-April 1985
Patricia Crotts
Chapel Hill
April 1983-April 1995
Ellis Hankins
N.C. League of Municipalities
September 1983-April 1987
Edmund Regan
N.C. Association of County Commissioners
April 1984-April 1985
Edwin Hatch
Raleigh-Durham Airport Authority
April 1983-April 1989
Mission Statement
The Local Government Federal Credit Union is a not-for-profit cooperative dedicated to the "people helping people" principle adopted by credit unions worldwide. Our mission is "To improve the lives of our members."
LGFCU and SECU Relationship
It's natural to assume that because Local Government Federal Credit Union (LGFCU) members go to State Employees' Credit Union (SECU) branch offices for services that the two credit unions are the same, but they are two distinctly different financial institutions.
Early on, LGFCU recognized an efficiency opportunity and contracted with SECU to provide services to its members. As a result, LGFCU members use SECU branches for financial transactions.
LGFCU has an independent Board of Directors and management. Some of the services and many of the policies and rates are the same for both credit unions; however, there are occasions when these differ. These variations are usually because of the different demographic and financial makeup of the two credit unions.
