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Accounts

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Checking


 Are you looking for a checking account that offers convenience without all the fees? Look no further. With a Louviers FCU Checking Account you can expect the following:

  • No minimum balance required

  • No monthly service charge

  • No transaction fee

  • Dividends paid on a daily balance and compounded monthly

  • Monthly statements

  • Access your checking account with a VISA® Debit Card

  • Access your checking account balance and transaction history with Teller Phone, Online Banking, or Mobile Banking

Once you’ve signed up for a Checking Account, you can make deposits to your account just like any other account, including in person, by ATM, direct deposit, transfers between accounts and Teller Phone. You can withdraw cash using your debit card surcharge-free at any Allpoint, CUHERE, CUHERE Select, or Money Pass ATM, or get cash back by using your VISA® Debit Card to make a point of sale purchase.

Overdraft Coverage Options

Life happens! Louviers Federal Credit Union understands that unexpected overdrafts occur from time to time – Overdraft Coverage* can help.

We have a number of Overdraft Coverage* options:

  1. Overdraft Protection  - A link to your savings account to transfer, should you accidentally overdraw.

  2. Overdraft Privilege: We will cover your overdraft up $500.00 so your bills still get paid!

    • Standard Coverage – Automatically enrolled after 30 days of account opening, includes checks, ACH, recurring debit card payments, online bill pay items, internet banking transfers, telephone banking, and teller window transactions.

    • Extended Coverage – Requires your consent and extends your Overdraft Privilege to include ATM withdrawals and everyday debit purchases.

 *While Overdraft Protection through a linked savings account is free of charge, when Overdraft Privilege (either standard or extended coverage) is used, the member will still incur the $25.00 overdraft fee per transaction up to $500.00.

Additional Resources

* All deposits are insured up to $250,000.00 by the National Credit Union Administration. Rates and information are subject to change at any time.

 Savings Account

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Regular Savings Account

Become a member today by opening a Savings Account. An initial deposit of $5.00 into your Savings Account makes your membership in Louviers FCU official. But don’t stop there! Continue saving and the money you deposit will earn daily dividends that are compounded and paid out monthly.

Accessing your Louviers FCU accounts is simple, too! You can check your accounts by using any of the following:

  • Your ATM or Visa Debit Card at ATM locations nationwide

  • Teller Phone

  • Online Banking

  • By using our free mobile banking app


Preferred Savings Account

Do you want to earn higher dividends on your savings without the risk of stocks or equities? Open a Preferred Share Account with a minimum balance of $2,500.00 and earn higher dividends than our regular Savings Account. Dividends are paid monthly from the day of deposit to the day of withdrawal. Deposits may be made to the account at any time for any amount. The minimum withdrawal amount is $250.00. View our current rates.


Holiday Club Account

A Holiday Club Account will help you save for gifts and other holiday related expenses throughout the year. When the holidays arrive, you’ll be able to shop with cash in your pocket.

Deposits can be made in person at any time or with direct deposit. There is no minimum balance for this account. Dividends are compounded and paid monthly. Funds are transferred from your Holiday Club Account into your Savings Account on October 1. Restrictions apply, ask your Member Services Representative.


Vacation Club Account

Open a Vacation Club Account and start saving for your next vacation today. Deposits can be made in person at any time or with direct deposit. There is no minimum balance for this account. Dividends are compounded and paid monthly.

Additional Resources

* All deposits are insured up to $250,000.00 by the National Credit Union Administration. Rates and information are subject to change at any time.

 Share Certificates

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Louviers FCU offers regular Share Certificates as well as tax-beneficial IRA Share Certificates to be used in a Traditional IRA or Roth IRA. Both types of Share Certificates require a minimum deposit of $500.00. There are 12‚ 18‚ 24‚ 30, 48, 60-month terms available for our regular Share Certificates and 18‚ 24‚ 30, 48, 60-month terms available for our IRA Share Certificates. Dividends are compounded monthly on all Share Certificates. View current rates.

Premature withdrawal of funds from either type of Share Certificate will result in a penalty of 90 or 180 days of dividends‚ earned or not‚ to be determined by the credit union. Exceptions may apply to IRA certificates.

Premature withdrawal of funds from an IRA Share Certificate may result in additional tax penalties.

Learn more about Traditional and Roth IRA regulations.

When a regular Share Certificate term has ended‚ the money can be withdrawn entirely‚ moved into another account or rolled over into another Share Certificate. When an IRA Share Certificate term has ended‚ the money must be rolled over to another IRA Share Certificate or transferred into another type of retirement account in order to avoid tax penalties.

Additional Resources

* All deposits are insured up to $250,000.00 by the National Credit Union Administration. Rates and information are subject to change at any time.

 IRAs

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Louviers FCU offers both Traditional and Roth Individual Retirement Accounts (IRAs). You may choose to allocate funds within your IRA to an IRA Share Certificate, earning a specific rate for a specific term. IRA funds not invested in an IRA Share Certificate will remain in an IRA Accumulation Account, earning a variable rate. The minimum deposit to start an IRA is $500.00. IRA Accumulation Account dividends are compounded monthly. View our current rates.

To open an IRA, please visit one of our branches. You may also initiate the process by calling us or completing our online enrollment form.


Traditional IRA

A traditional IRA offers tax-deferred earnings and the possibility of tax-deductible contributions. These tax advantages make the traditional IRA a powerful tool in creating a balanced, long-term savings plan. You can contribute to a traditional IRA if you earn compensation and will not reach age 70 ½ by the end of the year. Earnings in a traditional IRA are not taxed until they are withdrawn. The ability to defer taxes on the earnings, and to withdraw in a year when you may be in a lower tax bracket, can mean more after-tax dollars for your retirement.


Roth IRA

A Roth IRA offers generous incentives to boost your retirement savings. Unlike traditional IRAs, contributions to a Roth IRA are never tax-deductible. However, the money in your Roth IRA, including earnings, can be withdrawn tax-free, if you qualify for this advantage. You are eligible to contribute to a Roth IRA if you earn compensation and your income is less than the limit set by Congress. If your income is too high, you may be able to make a smaller contribution. Please check with your tax professional for current figures.

For more information on IRAs including annual contribution limits and withdrawal procedures, please reference the Internal Revenue Service.

Additional Resources

* All deposits are insured up to $250,000.00 by the National Credit Union Administration. Rates and information are subject to change at any time.

 Debit & ATM Cards

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Louviers FCU offers both a VISA® Debit Card and an ATM card to make accessing your money 24 hours a day, 7 days a week at over 80,000 locations worldwide! Both ATM and VISA® Debit cards allow you to check your account balance and make cash withdrawals surcharge-free at any:

  • ALLPOINT

  • CUHERE

  • CUHERE Select

  • Money Pass ATM

  • Wawa and 7-11 ATMs

Your VISA® Debit Card has additional benefits other than just giving you access to cash at an ATM. It offers the convenience of a credit card, but the funds come directly from your checking account every time you swipe your card. That makes it faster and easier than writing a check. Use your VISA® Debit Card at any point-of-sale terminal where VISA® is accepted.

Any transactions made with your VISA® Debit Card will appear on your monthly checking statement. You can also access your debit card transaction history through Teller Phone or Online Banking, or via mobile.

Apply online for a Debit or ATM Card or download the Debit & ATM Card pdf application. Complete, sign, and mail the application to the Credit Union or fax to (302) 731-2461. Once your application is received and approved, you will receive your card in the mail within 7 to 10 business days.


Instant Issue

Need access to your account right away? Louviers FCU now offers instant issue debit & ATM cards from our Main Street branch location. Speak to any member service representative to get card ordered. Some fees may apply.

 Direct Deposit & Payroll Deductions

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Direct Deposit

Gain instant availability to your funds when you use direct deposit for your payroll, pension or Social Security check. To set up direct deposit, you’ll need to provide the following information to your payroll department or Social Security Administration:

  • Louviers FCU ABA Routing & Transit number — 231177100

  • Member Name and Account Number

Employees from the following can find more information on setting up direct deposit here:


Payroll Deduction

Once you’ve signed up for direct deposit, you can tell us how you want your check distributed when it arrives. For example, you may request that we split the funds between your Checking, Savings and Holiday Club accounts. Payroll deduction automates the process and makes getting your money where you want it to go easy!

Credit Sense

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Why is a credit score important?

Your credit score is more than just a number – it’s a way for lenders to determine whether you are eligible for a loan, the amount of the loan, interest rate, and your payment – important stuff when you are planning for your future.


What is Credit Sense?

Credit Sense is a comprehensive program designed to help you stay on top of your credit…. for FREE!

You’ll get your credit score, an understanding of the key factors that impact it, and access to special loan and credit card offers that can help you reduce interest costs. With this program, you’ll always know where you stand with your credit and where you can potentially save money.

This program will also monitor your credit report on a daily basis to help you keep an eye out for identity theft. You’ll be informed by email if any big changes are detected – a new account has been opened, a change in address or employment occurs, a delinquency has been reported, or an inquiry has been made.


How do I enroll?

It’s simple! Just log-in to your online banking and click on the credit score dial to the right hand side of your screen (see below). You’ll verify your social security number, answer a few quick enrollment questions and then you’re all set!

Once you have enrolled, you will also be able to access Credit Sense through our mobile app so you can check your score on the go!

Enroll Here

 Forms & Applications

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Savings Rates

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Savings & Checking Rates

Account Type Minimum Balance Rate APY*
Share Savings $5.00 0.10% 0.10%
Holiday Clubs 0.10% 0.10%
IRA Accumulation 0.10% 0.10%
Share Draft (Checking) 0.05% 0.05%
Preferred Share $2,500.00 0.35% 0.35%

*Annual Percentage Yield.  Rates are subject to change.  Monthly Fees may reduce the disclosed APY.


Share Certificate Rates

Certificates Minimum Rate APY*
12 Months $500.00 1.65% 1.66%
18 Months $500.00 1.75% 1.76%
24 Months $500.00 1.90% 1.92%
30 Months $500.00 2.10% 2.12%
36 Months $500.00 2.35% 2.38%
48 Months $500.00 2.60% 2.63%
60 Months $500.00 3.00% 3.04%

Rates are subject to change. Please check with the Credit Union for current rates. Penalty for early withdrawal.


IRA Certificate Rates

Certificates Minimum Rate APY*
18 Months $500.00 1.75% 1.76%
24 Months $500.00 1.90% 1.92%
30 Months $500.00 2.10% 2.12%
36 Months $500.00 2.35% 2.38%
48 Months $500.00 2.60% 2.63%
60 Months $500.00 3.00% 3.04%

Rates are subject to change. Please check with the Credit Union for current rates. Penalty for early withdrawal. IRA certificate minimum length is 18 months.

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