How To Join
How do I become a member?
Anyone who lives, works, worships, or attends school in Lawrence
County is eligible to become a member. Also, anyone who works
for one of our member companies or has a family member who
belongs to our credit union may join.
All you have to do is deposit $10.00 into a Regular Share
(Savings) Account. This $10.00 gives you a share in the credit
union and makes you a member/owner. If you would ever close
this account, the $10.00 would be returned to you. Any accounts
that are closed within six months of opening will be charged
a fee of $10.00. When you become a member, you are able to
open other types of accounts and take advantage of our services.
When opening a new account, please bring a Driver's License
or photo ID. We cannot open an account without one. We place
a ten day hold on any check used to open an account. Exceptions
will only be made for payroll checks issued by local companies.
What is a credit union?
A credit union is formed when a group of people pool their
savings to create a cooperative, not-for-profit financial
institution. Unlike banks, credit unions are owned and directed
by their members. The board of directors is made up of volunteers
elected by the other members at the annual meeting.
Credit unions are not-for-profit organizations. This allows
credit unions to better meet the needs of their members in
many ways including offering higher dividends on shares and
lower rates for loans.
Is my money insured?
Like banks, the money deposited into a credit union account
is insured up to $250,000. Credit unions are insured
by the National Credit Union Share Insurance Fund (NCUSIF).
The National Credit Union Administration (NCUA) administers
NCUSIF, which receives top marks from deposit insurance
experts as the healthiest of the federal insurance funds.