Labor Management FCU offers several different terms to offer our members for CD’s:
- 6 Month
- 12 Month
- 18 Month
- 24 Month
- 36 Month
The longer the term, the higher the interest rate. A minimum balance of $1,000.00 is required to open your CD. A penalty of 3 months interest is assessed if funds are withdrawn prior to the maturity of the CD.
Labor Management FCU offers a simple interest bearing savings account with an initial membership deposit of only $5.00. We offer you the availability of transferring funds immediately by online banking between your checking and savings accounts.
At your request we can set up your savings account to be your overdraft protection. In the event that you have a check attempt to post against your checking account that you do not have the funds for, we can automatically transfer any available funds from your savings account to cover your over draft. This will save you return check fees and the hassle associated with a returned check.
Labor Management FCU offers safe, secure IRA’s and an option of locking in a rate, just like a CD or taking advantage of our great variable interest rate. It’s never too late or too early to start saving for your retirement. You can roll over your current 401k or IRA hosted elsewhere simply by filling out a single form. We’re here to help you succeed financially. Call or stop by today for more information.
Labor Management FCU offers a way for our members to start saving for your children or grandchildren’s education with an Educational Savings Account. Your money will grow tax free with a great rate – which is the same as the variable IRA rate. You will have the option of retaining control of the money when your child turns 18 or turning control of the money over to them. ESA money will grow tax free as long as the money is used for education. With the cost of education going up every day, start saving today!