The Local Federal Credit Union

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A short history of The Local FCU

Since its inception in 1977 the The Local Federal Credit Union has been serving its members in the Dallas, Texas area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Jim Ratliff, the The Local FCU has grown its membership to over 5,137 with assets of more than $22,720,222. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (214) 638-0404 or email them at msr@thelocalfcu.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Dallas, TX.

General Information For The Local FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 22747
Address P.O. Box 560303 
City Dallas 
State Texas 
Zip-Code 75356
Phone Number (214) 638-0404
Fax Number (214) 638-0068
Email Address: msr@thelocalfcu.com
CEO/President Jim Ratliff
Members 5,137 
Full-Time Employees 12 
Part-Time Employees
Number of Branch Offices
Total Assets 22,720,222 
Website http://www.thelocalfcu.com 

Compare The Local Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Neiman Marcus Group Employees CU Neiman Marcus 1618 Main St 75201 (214) 573-5322 No 0.22
Texas CU Desoto Branch Office 1021 E Pleasant Run Rd 75242 (972) 228-4885 No 0.34
Advancial CU Allen 1259 W Exchange Pkwy Ste 100 75013 (972) 521-0063 No 0.39
Dallas CU Dallas Credit Union 4245 N Central Expy Ste 100 75202 (214) 748-5166 No 0.43
Resource One CU Garland 302 W Centerville Rd 75266 (214) 319-3100 No 1.01

The Local Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


The Local Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 13.50 10.25 11.25 5.85 N/A
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 477 630 778 359 N/A
Rank Among All Texas Credit Unions 108 215 241 106 N/A

The Local Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.10 0.25 0.50 1.00 0.50
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 116 95 60 174 227
Rank Among All Texas Credit Unions 31 34 11 54 59
The Local Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 13.50010192,863
All Other Unsecured Loans/Lines of Credit 14.0002,1853,025,325
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 10.2502554,795,527
Used Vehicle Loans 11.2505335,014,663
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.8505726,869
Total Other Real Estate Loans/Lines of Credit 0.00000
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 12.5001331,522,158
TOTAL LOANS & LEASES 3,21215,177,405

The Local Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 5726,86900
    b. 15 Years or less 0000
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 5726,86900

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

The Local Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes