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Latrobe Federal Credit Union can help you to save!
Latrobe Federal Credit Union offers several types of savings
accounts for different needs.
Share Savings Account
Members are required to open and maintain a share savings account with an opening balance requirement of $25. This account is available to members of all ages, and may be opened as either an individual or joint account. Dividends are credited and compounded quarterly on the average daily balance. Regular deposits may be made through payroll deduction, or through deposits made at the credit union office or through the mail.
|
Annual Percentage Yield |
.75% APY |
|
Dividends Compounded |
Quarterly |
|
Dividends Credited |
Quarterly |
|
Dividend Period |
Calendar Quarter |
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Minimum Opening Deposit |
$25.00 |
|
Minimum Balance to Avoid Service Charge |
N/A |
|
Minimum Balance to earn the Stated APY |
$100.00 |
|
Balance Method |
Average Daily Balance |
Certificates of Deposit
A Certificate of Deposit is a great way to invest for the future. Dividends are credited and compounded monthly and deposited to the member's Share Savings Account. Rates are subject to change. Check with the credit union for current rates.
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Term |
Minimum Balance to open and earn the stated APY |
Annual Percentage Yield (APY) |
|
6 Months |
$1,000 |
2.75% |
|
12 Months |
$1,000 |
3.00% |
Christmas Club Accounts
A Christmas Club Account is a great way to save for holiday expenses. You may open a Christmas Club at anytime during the year with no minimum balance requirement. Make regular deposits to your Christmas club as a way to save for holiday expenses. Your dividends are compounded and credited quarterly on your average daily balance. Christmas Club checks are mailed in October of each year after the final credit of dividends to your account.
|
Annual Percentage Yield |
.75% APY |
|
Dividends Compounded |
Quarterly |
|
Dividends Credited |
Quarterly |
|
Dividend Period |
Calendar Quarter |
|
Minimum Opening Deposit |
N/A |
|
Minimum Balance to Avoid Service Charge |
N/A |
|
Minimum Balance to earn the Stated APY |
$100.00 |
|
Balance Method |
Average Daily Balance |
Vacation Club/Special Accounts
A Vacation Club or Special Account is a great way to save for a
special purpose.
Members may open a Vacation Club or Special Account at anytime
during the year with no minimum balance
requirement.
With either type of account, make regular deposits to your account,
and we'll mail a check to you whenever you would like.
|
Annual Percentage Yield |
.75% APY |
|
Dividends Compounded |
Quarterly |
|
Dividends Credited |
Quarterly |
|
Dividend Period |
Calendar Quarter |
|
Minimum Opening Deposit |
N/A |
|
Minimum Balance to Avoid Service Charge |
N/A |
|
Minimum Balance to earn the Stated APY |
$100.00 |
|
Balance Method |
Average Daily Balance |
Additional Services
The following member services are also available upon request.
 |
Checking Accounts |
|
Personal Loans |
|
New and Used Vehicle Loans |
|
Home Equity Loans |
|
Share Secured Loans |
|
Gap Insurance |
|
Cashiers Checks |
|
Direct Deposit |
|
Electronic Funds Transfer (ACH) |
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Skip a Payment |
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Loan Life and Disability Insurance |
|
Money Orders |
|
N.A.D.A. Book Service |
|
Night Deposit Box |
|
Payroll Deduction |
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Rebuild Your Credit Loans |
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Home Banking |
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On Line Bill Pay |
|
Youth Piggy Bank Program |
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Visa Credit Cards |
Additional Truth-In-Savings Disclosure Information
Savings Accounts
The dividend rate and annual percentage yield for Savings Accounts, Club Accounts, and Special Accounts may change at any time, as determined by the credit union board of directors.
Dividends will be compounded and credited to your account every calendar quarter. Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Dividends will begin to accrue on the business day you place non-cash items (for example, checks) to your account.
For a complete disclosure of all terms and conditions associated with a deposit account.
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We do business in accordance with the Copyright � 2004 - Pennsylvania Credit Union Association |
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