Savings Accounts

The Credit Union offers many different types of Savings accounts to help members save for the future.

Regular Share Account (Savings)

Each member of the Credit Union must have a regular share account to be considered a member. 

All it takes to open a regular share account is a low $10.00 deposit ($5.00 of which is new member fee) and filling out and signing all the necessary paperwork.

This account signifies your ownership in LMEFCU, and provides you with the opportunity to vote in the annual elections. It also opens the door to all of our other services. The minimum balance of $200.00 is required to earn dividends. This savings account pays very competitive dividends, and there is no monthly service charge.

Vacation Club

For members who would like a savings fund separate from their primary savings account, a Vacation account is available that pays the same dividend as the basic shares. You can deposit and withdraw from this account at any time.

Travel Club

Start saving for that special vacation or home improvements with this unique Travel Club account from LMEFCU. 

Sign up for regular deposits to your Travel Club account through payroll deduction or by automatic transfer from your Checking or Savings account. Start saving for your vacation needs today, and ensure yourself a carefree vacation. Open enrollment is April 1st- May 31st. This account has a minimum of $10.00 and maximum of $300.00 per month with no upfront deposits allowed. If you choose to withdraw from this account, you forfeit all dividends. The dividend is posted on March 31st and the funds are automatically rolled into your share account. On April 1st you may call for a check to be picked up or mailed. You can pick up your funds by cash or even transfer them to your Share Draft/Checking account.

Christmas Club

Start saving for the holiday season now with this unique account from LMEFCU. 

Sign up for regular deposits to your Christmas Club account through payroll deduction or by automatic transfer from your checking or savings account. Start saving for your holiday spending today, and ensure yourself a happy season. Open enrollment is Nov. 1st- Dec. 31st. This account has a minimum of $10.00 and maximum of $300.00 per month with no upfront deposits allowed. If you choose to withdraw from this account, you forfeit all dividends. The dividend is posted on October 31st and the funds are automatically rolled into your share account. On November 1st you may call for a check to be picked up or mailed. You can pick up your funds by cash or even transfer them to your share draft/checking account.

Money Market

Our Money Market account offers a higher return than regular savings accounts. 

The minimum balance for this account is $5,000.00 with the flexibility of three withdrawal transactions per month.

You have the peace of mind knowing your funds are insured up to $250,000.00 by the National Credit Union Administration.

Below is the interest rate for each of the Credit Union’s Savings Accounts.  All dividends are calculated based on the average daily balance of the account.