What is a sub savings account LMCU?

What is a sub savings account LMCU?

Create sub-savings accounts. Sub-savings accounts allow you to allocate money to different savings categories so you can keep track of your goals. The best part is your sub-savings accounts can still earn up to 0.25% APY* at LMCU.

What is a credit union saving account?

A Savings Account allows you to separate money you’d like to save from money you need available for everyday purchases. Additionally, because Mission Federal Credit Union Savings Accounts pay interest on your account balance, you’ll earn money on whatever you’re able to save.

Are accounts at LMCU insured?

All LMCU shares are federally insured up to the eligible limits established by the National Credit Union Administration. This coverage is by the National Credit Union Share Insurance Fund (NCUSIF), an arm of NCUA.

How do I add an account to LMCU?

Add, Remove or Change Joint Owner This process can be completed in person by visiting any of our branch locations. If you are unable to visit a branch, please email [email protected] or call our Member Services Department at (616 or 800) 242-9790 to have the proper forms mailed or emailed to you.

What is a suffix for a bank?

It’s a piece of information that identifies the exact account. For example, checking, savings, auto loan, etc. In online banking, the suffix is found on the My Accounts section of the landing page. It is the number to the right of the dash.

Do credit unions have savings accounts?

Credit unions are not-for-profit financial institutions that, like banks, offer checking and savings accounts and long-term savings certificates. Some also offer loans and other products.

Is it better to save in a bank or credit union?

Credit unions tend to have lower fees and better interest rates on savings accounts and loans, while banks’ mobile apps and online technology tend to be more advanced. Banks often have more branches and ATMs nationwide.

Is Lake Michigan credit union insured?

NEW: Learn about Michigan’s No-Fault Auto Insurance Reform We want to help you make informed decisions about the best coverage for your needs. Whether you’re in the market for home, auto, life or even disability insurance, we’ve got you covered.

What is LMCU VIP?

VIP (400+ points) 0.25% APY CD bonus. 25% discount on safe deposit box rental. 2 free boxes of basic image checks per year.

How do I make an ACH payment at LMCU?

Begin ACH/Electronic Transaction When requesting an authorization for an electronic payment or deposit to your account, please include both the 9 digit routing number and the 12 digit-MICR format of your account number. The MICR format of your account number can be found on the bottom of your checks.