click here to see current rates
Laclede Credit Union offers you several ways to save.
Note: These accounts are insured by the NCUA, which is a governmental agency and insures your accumulated deposits from your accounts up to $100,000.
A regular share/savings account is opened by you when you join the credit union. Each deposit of $10.00 is a common share. Your savings are called "shares" because they represent shares of ownership. Think of it as a regular savings program. Dividends are paid quarterly (March 31st), (June 30th), (Sept 30th) and (Dec 31st) and are earned on shares based on the average daily balance of all ending day balances for the quarter. The rate is determined by the Board of Directors at the board meeting preceding the payment date.
NO MINIMUM BALANCE REQUIRED in your share draft account!
NO MONTHLY SERVICE CHARGE…No need to worry about subtracting monthly service charges from your share draft account.
QUARTERLY DIVIDENDS…based on the average daily balance for the quarter.
PRE-AUTHORIZATION OF MONTHLY BILLS…Have your monthly bills automatically deducted from your draft account.
DIRECT DEPOSIT/PAYROLL DEDUCTION…Have your paycheck, social security check or military retirement check automatically deposited into your draft account.
FREE CHECKS FOR MEMBERS OVER 55... If you're a member age 55 or older you can become a Passport Club Member which will entitle you to free checks for your draft account.
BALANCING YOUR DRAFT ACCOUNT…It is essential to balance your draft account each month as you receive your statement. If you find a problem with your account, it is important to contact our office immediately. If you are not familiar with balancing a draft account, ask about the correct procedure. (Instructions are shown on the back of your monthly statement.)
Earn a higher dividend on your money with a Money Market Account.
*A minimum of $1,000.00 will be required to open an account. (note: No dividends will be earned on the account for any time periods in which the account falls below the $1,000.00 requirement.)
*A Maximum of 4 withdrawals will be allowed each month (note: For all withdrawals made after the maximum allowed each month there will be a $5.00 fee.)
*Drafts may be ordered and written on this account.
*The dividend rates on these accounts will be set on the 1st day of each month and dividends will be paid on the last day of each month.
*As our other savings programs, money market accounts are insured by the NCUA, which is a governmental agency and insures your accumulated deposits from your accounts up to $100,000.
We offer four savings certificates
- Six month Certificate ($2,500.00 minimum).
- One year Certificate ($1,000.00 minimum).
- Two year Certificate ($1,000.00 minimum).
- Three year Certificate ($1,000.00 minimum).
There is a substantial penalty for early withdrawal of these funds. Rates are changed weekly. Click here for current rates.
Laclede Credit Union features specialized savings accounts designed to fit your particular needs, such as our Christmas Club. Make as many deposits as you want throughout the year. No fees will be charged and we will pay you dividends at the same rate as our regular shares. A check will be mailed to you on October 1st of that year for the balance of the club account.
Rates effective as of November 13th, 2008
| Type | Minimum | Yearly Rate | Annual Percentage Yield |
| Share Account under $5,000 | $10 | .50% | .50% |
| Shares $5,000 and over | $10 | .50% | .50% |
| Share Draft Accounts | under $10,000.00 | .00% | .00% |
| Share Draft Accounts | $10,000.00 and Over | .25% | .25% |
| Christmas Club | $0 | .50% | .50% |
| Six Month Certificate | $2,500 | 2.07% | 2.09% |
| One Year Certificate | $1,000 | 2.56% | 2.58% |
| Two Year Certificate | $1,000 | 2.62% | 2.64% |
| Three Year Certificate | $1,000 | 2.77% | 2.80% |
| Four Year Certificate | $1,000 | 2.95% | 2.98% |
| Five Year Certificate | $1,000 | 3.17% | 3.20% |
Ending daily balance under $1000.00 Ending daily balance between $1,000.00 and $4,999.99 Ending daily balance between $5,000.00 and $24,999.99 Ending daily balance between $25,000.00 and $49,999.99 Ending daily balance between $50,000.00 and $99,999.99 Ending daily balance between $100,000 and over |
0% 1.25% 1.45% 1.75% 2.00% 2.25% |
1.26% 1.46% 1.76% 2.02% 2.27% |
Dividends on all accounts are declared at the close of the dividend period by the Board of Directors. Dividends begin to accrue on all deposits (including non-cash deposits) on the same day they are deposited. APY = Annual Percentage Yield.
For a complete Truth-In-Savings Disclosure of savings rates and terms, call 618-465-2504.
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Laclede Credit Union 3401 East Broadway Alton Il. 62002 Phone: 618-465-2504 Fax: 618-465-1542