Services and Products

Share (Savings) Accounts

  • Regular ($5 minimum membership deposit)
  • Kids Klub
  • Christmas Club

Share Draft (Checking) Accounts

  • ATM/Debit Card Access

Share Certificates

  • $500 minimum deposit
  • 6, 12, and 24 month terms

IRA (Individual Retirement Accounts)

  • IRA Share (Savings)
  • IRA Certificates
  • Traditional IRA’s only

Online Banking Services

Telephone Banking Services (866-751-0436)

Additional Services

  • Direct Deposit
  • Payroll Deduction
  • Notary Service (No charge)
  • Coin Counting
  • Wire Transfers (In or Out)
  • Noah’s Ark Tickets (In Season)
  • Miscellaneous Services

Share (Savings) Accounts

Regular share accounts are paid dividends quarterly at the end of each calendar quarter if you maintain an average daily balance of at least $50.  A $5 membership deposit is required and allows you access to all other credit union services.

Kids Klub share accounts are available to children from birth through age 13.  Dividends are paid quarterly at the end of each calendar quarter if you maintain an average daily balance of at least $50.  A $5 membership deposit is required.

Christmas Club share accounts are a great way to save money for the holidays, vacation, taxes, etc.  You chose the amount of the deposit and the frequency of the deposit.  Set deposits up via payroll deduction, auto transfer, or make deposits at LBCU.  There is no penalty for missing a deposit.  Starts November 1st of each year and pays out October 31st of the following year, but you can start deposits any time during the year.  Dividends are paid December 31st, March 31st, June 30th, September 30th, and October 31st. A penalty of $10 is assessed per early withdrawal.

Share Draft (Checking) Accounts

Share Draft accounts are paid dividends on the last day of each month if you maintain an average daily balance of at least $500. There is no minimum balance required. We offer these additional benefits with our share draft accounts:

  • Direct deposits accepted
  • Direct withdrawals for bill paying
  • Low-cost duplicate checks – 150 checks per box
  • Order checks online after the initial order is place by LBCU
  • Automatic funds transfer from a share or draft account
  • No monthly service charges
  • ATM/debit cards available to qualified members
  • Share Certificates

Share certificates earn a higher rate of interest and can be opened with a minimum balance of $500. Dividends can be added to your certificate to compound your earnings or can be transferred to your regular share or share draft account to supplement your income. Current terms available are for 6, 12, and 24 months. Share certificates are set up to automatically renew. A renewal notice is mailed 20 days prior to your maturity date and you have the option of closing or making changes to your share certificate during the 10 day grace period after maturity. There is a 90 day interest penalty for early withdrawal.

IRA’s (Individual Retirement Accounts)

Individual Retirement Accounts help you to save toward your retirement. LBCU offers Traditional IRA’s only. Check with your tax advisor for tax deductibility. Annual deposit limits are based on IRS regulations. IRS penalties may apply for early withdrawal from an IRA account.

  • IRA share (savings) accounts earn dividends quarterly at the end of each calendar quarter.
  • IRA share certificates earn a higher rate of interest than an IRA share account. Terms are for 6, 12, and 24 months.

Online Banking Services

Online Banking Services allow members to meet many financial services needs at a convenient time and place provided you have an up-to-date personal computer and access to the internet. The online banking service allows you to monitor and manage your entire financial relationship with LBCU.

  • Secure Online Account Access
  • Funds Transfer Between Accounts
  • Pay Your LBCU Loans
  • View Account History
  • View E-Statements

Telephone Banking Services

Telephone Banking is accessed via our toll free number 1-866-751-0436 and is a free service to LBCU members. The telephone banking services allow you to monitor and manage your financial relationship with LBCU.

  • Funds Transfer Between Accounts
  • Pay Your LBCU Loans
  • Receive Information on Account Activity

Additional Services

Direct Deposit is a safe, secure, and time saving way to deposit your payroll check or other recurring payment (ie. Railroad Retirement or Social Security) to your share or share draft account. You can set up automatic transfers from your direct deposit or manage your funds through our Online or Telephone Banking systems.

Payroll Deduction is a convenient way to have a set amount deducted from your paycheck each pay period and have deposited to your LBCU share account to pay your loans and/or deposit to Christmas Club, Kids Klub, Share/Share Draft, and/or IRA account(s).

Notary Service is a free service available to LBCU members. Erin Diel is our notary.

Coin Counting is available to LBCU members for a nominal fee.

Wire transfers into or out of your credit union account from or to another financial institution is available for a fee. Stop by or call the credit union if you need this service.

Noah’s Ark Waterpark tickets are available at LBCU in season (Memorial Day through Labor Day) at a discounted price.

Other Miscellaneous Services which may have a cost include Postage Stamps, UPS 2nd Day & Next Day Air Letter Service, Toll Free Telephone Number, Photocopies, and Faxing.