It Pays to Save With LCU

27 September 2016
Comments: 0
27 September 2016, Comments: 0

Savings accounts are not one size fits all.

That’s why we offer several different types of savings accounts to meet your needs, whatever they may be.

Regular Share

  • Simple savings accounts that earn dividends on an average daily balance method.
  • There are no penalties for withdrawals nor minimums for deposit.
  • To become a member of LCU, you’ll start with a $25 savings account.
  • ATM cards are available.

Truth in Savings

  • A minimum deposit of $25 must be maintained.
  • No monthly account/service fees with minimum deposit.
  • An average daily balance of $100 is required to obtain the Annual Percentage Yield for the monthly dividend period.
  • Dividends are compounded and paid monthly.
  • Limit of six (6) withdrawals per month

 Share Certificates

  • Portfolio of options for members who want to earn a higher return on their savings
  • A safe way to earn a guaranteed return on your deposit
  • Terms range from 91 days to 3 years. The longer the term, the higher the return.
  • Funds cannot be withdrawn during the set term
  • View current rates here

 Vacation & Christmas Club

  • Put a little money aside each payday to save for your dream vacation or Christmas gifts.
  • For Vacation Club accounts, checks are automatically mailed in May
  • For Christmas Club accounts, checks are mailed in November
  • No minimum required


  • Options to help you save for retirement including Regular IRA and Roth IRA
  • Contributions to regular IRAs are tax deductible and you can rollover money from other qualified retirement accounts, such as a 401K.
  • Contributions to Roth IRAs are not tax deductible, but earnings grow tax-free. Pay no taxes when you withdraw the money if it’s been in the account for at least 5 years and you are 59.5 years or older, or if you become disabled.
  • All accounts are available as a regular savings account or a share certificate
  • Deposits are insured by the NCUA
  • If you would like more information about LCU’s IRA options stop by or call us at 423-581-8345, ext. 182 today!
As you can see, there is a saving account for every need. Stop by one of our branches today to get started!

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