Leadco Community Credit Union offers several options for adding value to your savings balances. We offer Six and Twelve month Certificates of Deposit, Individual Retirement Accounts, Christmas Club Accounts, and General Share Accounts (passbook savings).
Six Month Certificate of Deposit: The minimum balance required to open a six-month certificate is $200. Dividends accrue daily and are credited to your account at maturity. The dividend rate on the six-month certificate is .45% with an annual percentage yield of .450%. Other restrictions and terms may apply; call for more details. There is a penalty for early withdrawal. Fees could reduce earnings on the account.
Twelve Month Certificate of Deposit: The minimum balance required to open a twelve-month certificate is $200. Dividends accrue daily and are credited to your account quarterly. The dividend rate on the twelve-month certificate is .65% with an annual percentage yield of .650%. Other restrictions and terms may apply; call for more details. There is a penalty for early withdrawal. Fees could reduce earnings on the account.
Twelve Month IRA Shares: We offer Roth, Traditional, and Education IRA’s. As with all IRA accounts, our IRA shares offer either tax deferred, or tax free benefits. Consult your tax advisor for the options that fit your financial planning the best. There is no minimum balance required to open your IRA. Weekly deposits through payroll deductions are common. Dividends accrue daily and are credited to your account quarterly. The dividend rate on the twelve-month IRA share account is .65% with an annual percentage yield of .650%. Other restrictions and terms may apply; call for more details. Fees could reduce earnings on the account.
General Shares (Passbook Savings): In order to become a member of any credit union, one must first open a general share account. (See Membership for requirements to join Leadco Community Credit Union.) The minimum balance required to open this account is $25. Dividends accrue daily and are credited to your account quarterly. The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors. As of this date, the dividend rate on general shares is .25% with an annual percentage yield of .250%. Other restrictions and terms may apply; call for more details. Fees could reduce earnings on the account.
Christmas Club Accounts: Our Christmas share account has no minimum balance requirement and no withdrawal window. Withdrawals can be made throughout the year; however, funds in the account will be mailed out on or around October 15th each year. Dividends accrue daily and are credited to your account quarterly. The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors. As of this date, the dividend rate on Christmas shares is .25% with an annual percentage yield of .250%. Other restrictions and terms may apply; call for more details. Fees could reduce earnings on the account.
USA Patriot Act - Identity Verification Notice
In order to comply with the USA Patriot Act, Leadco Community Credit Union is required to verify the identity of members applying for and opening new accounts or services with the credit union. Information we are required to obtain includes name, mailing and residence address, tax identification number, date of birth and a copy of a government issued photo ID. Additional data may also be gathered depending on the type of account applied for or opened. Data on existing members will be gathered as they open or use additional services offered by the credit union. The Act requires us to maintain records of the identification verification and periodically update this information. Confidentiality of the information will be maintained as required by law.
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