The Board of Directors believes the proposed merger will combine the successful 40-year history of LGFCU with the new products and technologies of Civic, which many members have requested. This will expand all members’ options for service and unify our focus on local government. Approval to pursue a Civic-LGFCU merger was granted by the National Credit Union Administration (NCUA) in June 2024.

Local Government Federal Credit Union was chartered in March 1983 to serve North Carolina local government employees and volunteers, elected and appointed officials, and their families. It has more than 400,000 members and assets exceeding $4 billion.

No. Consolidating their assets will further strengthen Civic’s financial position for the future and allow us to offer more competitive rates and cost savings.

The standard share insurance amount is $250,000 per share per owner, per insured credit union, for each account ownership category. After the merger, if you have accounts at both LGFCU and Civic, your Civic accounts will continue to be insured separately from your LGFCU accounts for six months after the date of the merger or, in the case of a share certificate, the earliest maturity date after the six-month period. In the case of a share certificate that matures within the six-month grace period that is renewed at the same dollar amount, either with or without accrued dividends having been added to the principal amount, and for the same term as the original share certificate, the separate insurance applies to the renewed share certificate until the first maturity date after the six-month period. A share certificate that matures within the six-month grace period that is renewed on any other basis, or that is not renewed, is separately insured only until the end of the six-month grace period. You can find answers to other share insurance questions on the NCUA’s website.