Financial Products

These financial products are provided by Langley Federal Credit Union.

PRIME SHARE (SAVINGS) ACCOUNT
SUPER SHARE (SAVINGS) ACCOUNT
HOLIDAY SHARE (SAVINGS) ACCOUNT
TERM SHARE ACCOUNTS (Certificates)
INDIVIDUAL RETIREMENT ACCOUNTS (IRAs)

PRIME SHARE (SAVINGS) ACCOUNT
A Prime Share Account is the initial account that you, as a member, will have with Langley Federal.  Once you make the initial $5 minimum balance deposit, you become a member-owner of LFCU which enables you to take advantage of other products and services offered.

• Minimum balance of $5.
• Unlimited number of deposits.
• Pays tiered dividends.
• Unlimited number of withdrawals by mail, ATM or in person. Up to six transfers per month by telephone, CHIPS, L@ngley Link, overdraft protection activation or any pre-authorized withdrawal such as CU Benefit or Life Help. Five dollars must be kept in the account in order for the account to remain open.

SUPER SHARE (SAVINGS) ACCOUNT
The Super Share Account is a highly liquid investment account that combines high dividend rates with ease of withdrawal. Funds are accessible at any time during the quarter without a dividend loss (except if the account is closed).

• Must maintain an average daily balance of $2,500 to earn dividends.
• Unlimited number of deposits. 
• Pays tiered dividends.
• Unlimited number of withdrawals by mail or in person. Up to six transfers per month by telephone, CHIPS, L@ngley Link, or overdraft protection activation.

HOLIDAY SHARE (SAVINGS) ACCOUNT
Each October, just in time to begin your shopping rush, the balance of your Holiday Share Account is automatically transferred into your LFCU Prime Share, Super Share or Checking Account, whichever you specify.

• Minimum balance of $5. 
• Pays tiered dividends.
• No withdrawals are permitted without closing the account. Once closed, the Holiday Share Account may not be reopened until the next October after the annual transfer of the account balance has been completed.

TERM SHARE ACCOUNTS (Certificates)
A Langley Federal Term Share Account (Certificate) is a low risk way to invest your money.  LFCU offers very competitive rates with terms from 1-60 months.

• Minimum balance from $1,000 to $100,000 as determined by term and rate.
• No additional deposits are permitted during the term of the Term Share Account (Certificate).  Dividends may be posted back into the Term Share Account (Certificate)  or deposited to any LFCU Prime Share, Super Share or Checking Account on which the member's name is listed.
• The dividend rate is fixed for the term of the Term Share Account (Certificate).Withdrawals prior to maturity are subject to penalty.
• The Term Share Account (Certificate) must be redeemed if the balance falls below the minimum balance.

INDIVIDUAL RETIREMENT ACCOUNTS (IRAs)
An Individual Retirement Account is a personal savings plan that offers tax advantages to an individual who sets aside money for his/her retirement. Langley Federal offers fixed rate accounts for terms 12, 18, 30 and 60 months as well as Flex IRAs. 

• Roth IRA –
  Contributions to a Roth IRA are not deductible.  Distributions considered to be "qualified," generally are tax and penalty free. Tax and penalty free benefits make the Roth IRA the most exciting new personal savings option since IRAs were first permitted in 1975.  Even more exciting, once the account has been open for five successive tax years, owners may   take tax-free distributions of earnings if they meet certain criteria.  Modified adjusted gross income limits apply.  Please check with your financial advisor for eligibility.
• Traditional IRA –
  A Traditional IRA is easy to maintain and typically offers two important tax advantages: (1) every penny of the earnings in your Traditional IRA is 100% free from federal income tax until you withdraw it from your account; and, (2) you may be eligible to deduct your total annual Traditional IRA contributions on your federal income tax return.  Consult your tax advisor.  Tax-deferred earnings, regular deposits and the passage of time will help your money grow faster for retirement.