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LGFCU to Become All-Digital as It Ends SECU Partnership

LGFCU’s partnership with Civic FCU will help launch this new digital credit union growth strategy.

digital banking elements on a smartphone Source: Shutterstock.

Since 1983, Local Government Federal Credit Union (LGFCU) and State Employees’ Credit Union (SECU) have had a collaborative partnership in which SECU served LGFCU members through SECU’s statewide branch network. Nearly 40 years later, that partnership is coming to an end and a newer partnership will usher in LGFCU’s plan to become an all-digital credit union by March 2024.

In a recent announcement to its nearly 400,000 members, the Raleigh, N.C.-based LGFCU ($3.8 billion in assets) said it’s time to “stretch our wings” and partner with Civic Federal Credit Union, also based in Raleigh, to create a digital credit union banking experience “designed for, and requested by, LGFCU members.”

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Michael Ogden

Michael Ogden

Editor-in-Chief for CU Times.

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