The lgfcu auto insurance is an astounding insurance available for families, local people, employee, and section people. LGFCU means Local Government Federal Credit Union. It’s a nonprofit union serving municipal worker and their families. Many people consider SECU same as LGFCU which is not true in real. However, they both work as partners since 1983 and SECU serves the customers of LGFCU through its statewide network.
Contents
LGFCU Auto Insurance
Talking about LGFCU services, it includes deposits, lending, insurances, and online services. LGFCU also offers multiple checking, savings, and CD accounts as well. Going from the very first offer it includes checking and saving accounts, this union offers two checking accounts and several saving accounts with different aims and goals. The monthly fee for free checking accounts is very minimal with zero ATM fee so everyone could afford this offer.
The minimal fee is $1 and overdraft fee is $25 and the minimal balance should be $0. More interestingly, the cash-points global account also has zero dollar minimum balance with $1 monthly fee. Secondly, the share accounts APY is 0.75% and minimum balance required is $25 and fees is $1. The APY of FAT CAT Kids account is 0.75% and lowest deposit is $5. Likely, 2.22% is the APY of health saving account and its deposit is also zero. The second major offer is money market accounts, the APY of this money market share account is 2.02% and minimum balance is $250 and if the balance drops below the target amount they charge $2.
LGFCU and LGFCU Auto Insurance
Then comes certification of deposits for the members who wish to keep their savings on deposits for longer period of time to earn more. The LGFU relives these members by giving number CDs with its best CD updated rates. The APY is different with the duration like for 6th months the APY is 5.00%. For 12 months its 5.25%, for 18 months the APY is 5.50%. The APY for 24, 30, and 36 month is 4.80%, 3.95% and 4.00% respectively. Lastly the 48 and 60-month APY is 4.20% and 4.50% accordingly. The minimum deposit is $250.
In addition to deposit offerings, LGFCU also offers many services and products including loans including personal, advance, and home and auto loans as well. They also give the opportunity of IRAS that is individual retirement arrangements, covering SEP IRAs and traditional engagements. Their insurance offer includes auto, life, homeowners and AD and D coverage policies.
By keeping the era of technology in mind the LGFCU offers a platform to support their online users by giving online banking podium so the customers can manage their money at their available time and if they needed they could contact the representative as well. The mobile app is available on apple store and google play as well with a highly rated stars of 4.9. In case the customers don’t have internet but they need to contact the union so they can also get in touch with the staff through toll-free number which is 888-732-8562.
The servicer will available 24/7 for the members. Even the customers can send a safe message through member connect by logging into it. After the whole explanations of offerings and benefits, if you want to be a member of LGFCU you also need to know about some pros and cons of this union. Starting with the positive points, it has low opening deposits, competitive CD rates, toll-free contact 24/7 and highly rated online platforms. In contrast, the cons include monthly service fees and its membership is limited to North Carolina population only.
Features of LGFCU Auto Insurance
But the question arises here is how LGFCU Auto Insurance and LGFCU is different from other unions providing financial assistance as above mentioned services are provided by all other unions as well. The answer is its additional services and products which other financial organization don’t offer makes LGFCU distinctive from them. In continuation to this, the first distinctive features which makes it unique is its scholarships. LGFCU offers different scholarships not only to college students but to the adults as well who wants to continue their professional growth and education in government education sectors like UNC School of government, AOMP, and LEEP. So the student across the state and adults in government education institutions can get scholarships for their career.
Second distinguishing feature is financial wellness, here the union provides you different resources to earn money. The resources like in-branch financial advisors, financial assistance, and compass online money management helps to makes different choices that fits your lifestyle. The main aim of this feature is to make you independent and at the same time it helps you to balance your way of life as well. Thirdly, it has a very special and unique offer of money-saving benefits for their customers unlike other financial bodies.
These special services also include tax filling services, theme park ticket discounts and FAFSA assistance. One can save the money using these offers. Furthermore, they also provide drop-in services where you avail the following services during office hours at any branch near to you like coin sorter, safe deposit box, wire transfer, foreign currency exchange and many more. You can get information about all insurances for multiple sectors from our insurance section.
Final Words
In conclusion, LGFCU is the only non-profit financial union in North Carolina which not only provides financial assistance to the municipal and county employee but also to their families, local government volunteers, appointed officials also to the students and to the people who wants to continue their professional education in government schools and other institutions.