Recognized for its statewide outreach, Local Government Federal Credit Union has been ranked among the top 30 businesses in North Carolina.
Business Leader Media, business-to-business media and information company, ranked the $919 million credit union the 26th top small business leader out of 284 entries.
Local Government FCU was highlighted for the launch of LGFCU Financial Partners LLC, a CUSO that made $14.5 million in loans in 2008. The credit union also committed $50 million to purchase North Carolina municipal bonds to keep state infrastructure moving forward. Business Leader Media also recognized the credit union's mortgage assistance and scholarship programs and the introduction of a Visa debit card that donates 50% of the merchant's transaction fee from every purchase to the N.C. Association of Rescue & Emergency Medical Services.
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Business Leader Media limited the award criteria to include only companies with 100 employees or fewer that do the majority of their business in North Carolina, according to the credit union. In addition to business achievements and community involvement, each company's one- and five-year revenue growth was also evaluated.
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