Safe Deposit Boxes
Savings
By simply opening a savings account, you become a member of our Credit Union. Membership means you are eligible to apply for other products and services the Credit Union has to offer.
To open a savings account, you need only $26. Twenty-five dollars of the opening deposit is a minimum balance you must maintain in your account and the other $1 is a one-time membership fee. Your account earns interest on all balances maintained.
A savings account can be established for yourself, your spouse, children, grandchildren, or other family members.
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Checking
The Credit Union offers the convenience of checking with no monthly fees, no minimum balance, and a free debit card. Your initial box of printed checks are on us. And our seniors (age 50 and over) get free safety paper printed checks for life.
To open a checking account you need to have a savings account at the Credit Union and $100, a required opening balance. After you have opened your checking account, you DO NOT have to keep a minimum balance.
The Credit Union will order your initial box of checks for you at no charge, or you can choose from over 100 different styles and designs to fit your budget. You may also apply for a DEBIT/ATM card with your checking account, which allows you 24-hour accessibility anywhere MasterCard debit cards are accepted or at any PULSE machine.
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Loans
A $25.00 application fee (non-refundable) must accompany all applications prior to processing.
The Credit Union offers its members a wide range of loans tailored to fit individual needs. Whether your loan is for personal use, a new car, a second car, a boat, or even a recreational vehicle, the Credit Union can help you finance or refinance your purchase. We also pre-approve loans, enabling members to know an exact amount that they are able to spend.
Various insurance products are available to help protect you and your loan. These products are an added safeguard for members and their loan in the event of an unexpected accident.
New - Guaranteed Asset Protection (GAP) insurance can be added at any time during your credit union vehicle loan. GAP covers the difference between your insurance settlement and your loan balance if your vehicle is totaled. Call a Lea Community loan officer for more details at 575-393-1596.
For more information or to apply for a loan from your Credit Union, click here!
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VISA Platinum Credit Card
The Credit Union offers its members one of the best values in credit card rates. The annual percentage rate (APR) for our VISA Card is 12.25%.
Our VISA Platinum Credit Card has no annual membership fee. A 25-day grace period for repayment of balances for purchases is allotted before a finance charge may be applied.
You can also receive a 1% rebate on all balances you transfer from other credit cards which will be reflected on your first bill.
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Individual Retirement Account (I.R.A.)
Traditional IRA *
The Credit Union offers Traditional Individual Retirement Accounts (I.R.A.), in which you are able to invest money into tax-free investments. Members may open a Traditional I.R.A. at any age, as long as they have earned compensation. Funds cannot be withdrawn from the account without penalty until age 59 1/2. With an I.R.A. account, you earn a higher interest rate on your funds while sheltering them from federal income tax until the funds are withdrawn. You may be able to deduct all or a portion of contributions to an I.R.A. from your individual tax return based upon certain restrictions.
ROTH IRA *
The Credit Union now offers ROTH Individual Retirement Accounts (I.R.A.), in which you are able to invest money and defer the earnings tax-free. Members may open a ROTH I.R.A. at any age, as long as they have earned compensation and meet income requirements. Earnings cannot be withdrawn from the account without penalty until age 59 1/2. Contributions to ROTH IRA's are not deductible for tax purposes.
Education Savings Accounts **
The Credit Union now offers Coverdell Education Savings Accounts (ESA) in which you are able to invest money and defer the earnings tax-free for qualified education expenses. Members may open an ESA for a child as long as they meet income requirements. Expenses incurred at eligible public, private, and parochial elementary, secondary, and post-secondary schools are included in qualified eduction expenses. Contributions to Education Savings Accounts are not deductible for tax purposes. Funds left in an ESA must be distributed by age 30 but rollovers are allowed to family members.
* Please seek the advice of a tax professional to determine which account best suits your individual situation. Your retirement accounts are insured by NCUA up to $250,000 per individual.
** Please seek the advice of a tax professional to determine what is a qualified education expense.
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Share Term Certificates
The Credit Union offers its members a way to invest their funds into long term investments at a higher interest rate. These certificate accounts will return a higher amount in dividends to members if left until maturity. We offer a variety of terms on our certificates from 6 to 36 months.
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VISA Gift Cards
The Credit Union offers its members a great gift giving option, VISA gift cards. VISA gift cards can be used anywhere the VISA logo is displayed. VISA gift cards can not be used for ATM transactions or cash advances. VISA gift cards are available in amount from $10 to $500 when purchased at our office. Members pay a small fee of $3.00 per card. Non-members can purchase VISA gift cards for $5.00 per card
VISA gift cards are not reloadable. VISA gift cards can be used online provided the recipient has registered the VISA gift card. Recipients can also check balances, view transactions, and file a dispute all online.
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U.S. Savings Bonds
The Credit Union offers its members a safe way of saving for the future by selling U.S. Savings Bonds. U.S. Savings Bonds pay double the amount of purchase when a bond is redeemed at maturity. They are issued by the United States Government. U.S. Savings Bonds are a great way to save for college, children, grandchildren, and the future.
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Safe Deposit Boxes
The Credit Union has over 300 different boxes available from which you can select the size and price that most fits your needs.
The Credit Union offers a safe and secure place to store your valuables and important papers. By renting a safe deposit box, you can be assured items of value are sound and fully protected against losses from burglary, theft, and fire.
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