Member
Services
| savings
and checking programs |
 The
Lincoln Goodyear Employees Federal Credit Union
offers you several savings and checking
alternatives, including:
Share
Accounts
Let's Share! Just maintain a minimum of $25.00
in a share savings account and you will become
part owner in the credit union. Your share
account works just like a regular Passbook
Savings Account, and with a balance of $25.00 or
more you earn competitive monthly dividends.
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Share
Checking Accounts
Lincoln Goodyear Employees Federal Credit Union offers free checking with
no minimum balance requirement, no monthly
service charge, and earns dividends. In
addition, it allows you to write an unlimited
number of checks without imposing a fee for each
one.
You also have the
option of using our Visa Check Card to access
your accounts. With a Visa Check Card, you can
gain access to your credit union accounts 24 hours-a-day,
365-days-a-year, even on weekends and holidays.
Visa Check Card is ready when (and where) you are!
Click
here for details.
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Individual
Retirement Accounts
An Individual Retirement Account (IRA) is a
special tax deferred high interest savings
program through which a member may save a
maximum of $2,000 per year for retirement. Qualifying members receive the benefit of
deducting their IRA contributions from their
taxable income and deferring tax payments on the
interest earned on their deposits until the IRA
funds are withdrawn (check with your tax advisor
to determine if you are eligible for this
special deduction).
If
you have not been eligible in the past for the
contribution deduction, you may now be eligible.
With the Taxpayer Relief Act of 1997, now in
effect, new retirement savings opportunities are
available.
There
are three types of IRAs available, the Roth IRA,
the Education IRA and the Traditional IRA. Each has unique characteristics and specific
eligibility requirements.
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Share
Certificates
A term share
certificate is truly “where the smart money
goes.” We offer competitively priced
high yield term certificates with terms ranging
from 3 to 36 months (click here for all rates
and terms).
general terms
-
Rates
established weekly and remain in effect
until maturity
-
Monthly
dividend payments can be added to the
certificate or deposited into another
Lincoln Goodyear Employees Federal Credit
Union
account.
-
Upon
maturity, each certificate is renewed for
the same term at the current rate, unless
the member has advised the credit union of
alternate disposition.
-
Early
withdrawals may be subject to a substantial penalty.
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Money
Market Accounts
Increase
your returns by doing one thing, OPENING A MONEY
MARKET ACCOUNT! The Lincoln Goodyear Employees
Federal Credit Union offers you (the member) a
variety of savings options with competitive
interest rates. One of these accounts is the
Money Market Account (MMA), designed for the
motivated saver.
The
MMA will maximize the returns on your funds by combining the
earning
potential of a Share Certificate and the accessibility
of a Savings Account.
The Money Market Account has a minimum balance
requirement of $2,500, and a limited number of
withdrawals and transfers. However, there is an
unlimited number of deposits that can be
performed. For more information contact the
Credit Union office at
If
higher dividends with availability appeals to
you, call or visit either of our locations and
start your Money Market Account today.
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