Statement of Commitment to Members

Mission: To improve the lives of our members
Purpose: To promote thrift among members by affording them an opportunity to accumulate their savings and to create for them a source of credit for provident or productive purposes.

LGFCU is a not-for-profit, member-owned financial cooperative established to serve the financial needs of employees, volunteers and their immediate families in local governments across the state of North Carolina. In our work to build financial well-being and provide education among our members, we believe a primary result to be the improvement of social justice and quality of life for low- and moderate-wealth families. Unlike traditional financial institutions, LGFCU channels all profits back to the members in the form of better rates and improved services—there are no stockholders or paid board members to compensate.

We strive to communicate and provide our services to members in a meaningful way so members, potential members, legislators, regulators and the community-at-large will understand and appreciate the unique role that a member-owned financial cooperative plays in their lives.

Our goal at LGFCU is to put forth every effort to enable our members to become financially self-sufficient and successful. We place high importance on consumer education and the teaching of financial thrift. Our members are our first priority.

As LGFCU staff, Board of Directors and volunteers, we will continue to develop and offer services to meet the needs of our members and communities in North Carolina.