Effective as of: 01/01/2022
Passbook Share Savings
A Passbook Share Savings account is not only a requirement for membership, but a great way to save money for purchases. Opening an account requires a minimum $20 deposit and maintained balance for membership. This account is often connected to your Share Draft Checking Account to prevent overdrafts.
A Passbook Share Savings is a great way to establish the habit of saving money. We encourage members to deposit a set amount each pay period and watch your balance grow. Deposits can be made in person, via ATM, through the mail, payroll allotment, or direct deposit. Your funds are insured by the NCUA.
| SHARE (SAVINGS) ACCOUNT | |
|---|---|
| Minimum Opening Deposit | $20.00 |
| Balance Requirements | $20.00 |
| Minimum Dividend Balance | $20.01 |
| Balance Method | Daily Balance |
| Dividends | $20.01 and Over .05% APR* |
| Annual Percentage Yield | $20.01 and Over .05% APR** |
| Dividends Compounded and Credited Quarterly | |
| FORMS & POLICIES |
|---|
| Membership Agreement (pdf) |
| Online Banking & Mobile App Instructions (pdf) |
| Privacy Policy (pdf) |
Special Share Savings
Members can open Special Share Savings accounts for holidays, children, education funds, or cars. Whatever you need to set aside money for. These accounts are not attached to a Share Draft Checking Account. You can open as many as you’d like with a the $20 minimum deposit.
Deposits can be made in person, via ATM, through the mail, payroll allotment, or direct deposit. Your funds are insured by the NCUA.
| SPECIAL SHARE (SAVINGS) ACCOUNT | |
|---|---|
| Minimum Opening Deposit | $20.00 |
| Balance Requirements | $20.00 |
| Minimum Dividend Balance | $20.01 |
| Balance Method | Daily Balance |
| Dividends | $20.01 and Over .05% APR* |
| Annual Percentage Yield | $20.01 and Over .05% APR** |
| Dividends Compounded and Credited Quarterly | |
| FORMS & POLICIES |
|---|
| Membership Agreement (pdf) |
| Online Banking & Mobile App Instructions (pdf) |
| Privacy Policy (pdf) |
Share Draft Checking Accounts
Our Share Draft Checking Accounts work like a regular checking account. There is no minimum balance required and no monthly service charge to maintain the account. You can access funds in the account by writing Share Drafts, ACH’s, or a Debit Card.
| SHARE DRAFT (CHECKING) ACCOUNT | |
|---|---|
| Minimum Opening Deposit | Check Charge |
| Dividends | None |
| Annual Percentage Yield | None |
Fresh Start Share Draft Checking
The Fresh Start Share Draft Checking account is designed to offer a second chance to individuals who have previously had a Share Draft Account closed by LPCCU. It requires a minimum balance of $25 and is charged a monthly maintenance fee of $5. If the account remains in good standing, it may be converted to a regular Share Draft Account after one year.
| FRESH START SHARE DRAFT (CHECKING) ACCOUNT | |
|---|---|
| Minimum Opening Deposit | $25.00 |
| Balance Requirements | $25.00 |
| Dividends | None |
| Annual Percentage Yield | None |
| Monthly Maintenance Fee | $5.00 |
Vacation Club
Love to travel? Save for your next trip with our Vacation Club.
| VACATION CLUB | |
|---|---|
| Minimum Opening Deposit | $20.00 |
| Balance Requirements | $20.00 |
| Minimum Dividend Balance | $20.01 |
| Annual Percentage Yield | None |
| Dividends | $20.01 and Over .05% APR* |
| Annual Percentage Yield | $20.01 and Over .05% APR** |
| Dividends Compounded and Credited Quarterly | |
Christmas Club
Love to shop but dread the January debt? Save a little bit each pay period throughout the year to take the sting out of holiday shopping.
| CHRISTMAS CLUB | |
|---|---|
| Minimum Opening Deposit | $20.00 |
| Balance Requirements | $20.00 |
| Minimum Dividend Balance | $20.01 |
| Annual Percentage Yield | None |
| Dividends | $20.01 and Over .05% APR* |
| Annual Percentage Yield | $20.01 and Over .05% APR** |
| Dividends Compounded and Credited Quarterly | |
Individual Retirement Account (Traditional)
A traditional IRA is a type of individual retirement account into which members can make pre-tax contributions and the investments grow tax-deferred.
| INDIVIDUAL RETIREMENT ACCOUNT (TRADITIONAL) | |
|---|---|
| Minimum Opening Deposit | $20.00 |
| Minimum Dividend Balance | $0.01 |
| Balance Method | Daily Balance |
| Dividends | .15% APR* |
| Annual Percentage Yield | .15% APR** |
| Dividends Compounded and Credited Quarterly | |