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Listerhill Credit Union is a nonprofit financial cooperative improving lives in our community.

If you live in Alabama, Georgia, Mississippi, Florida, or Tennessee, you are eligible to become a member. Depending on your individual eligibility, we may require membership into an approved association at no cost to you.

You can also qualify for membership by being a family member of a current or potential Listerhill member.

With only $5, you can join Listerhill today and start taking advantage of a lifetime membership.

Bbbs People Helping People

People Helping People: Big Brothers Big Sisters

We gave Big Brothers Big Sisters of the Shoals $500 for their efforts during COVID-19.

Editorial Note: Articles published are intended to provide general information and educational content related to personal finance, banking, and credit union services. While we strive to ensure the accuracy and reliability of the information presented, it should not be considered as financial advice and may be revised as needed.

Due to the COVID-19 pandemic, many organizations adjusted their practices and provided relief to people in need throughout their communities. Listerhill assisted these organizations by featuring them and donating $500 to their efforts! This article features Big Brothers Big Sisters of the Shoals.

The mission of Big Brothers Big Sisters of the Shoals is to create and support one-to-one mentoring relationships that ignite the power and promise of youth. Most of their staff were able to successfully work remotely while others came into the office on occasion. They also purchased hand sanitizer, face masks, disinfectant supplies, and practiced social distancing.

Some of their matched Bigs and Littles are like family to each other. During the proceeding school year, Big Brothers Big Sisters of the Shoals provided children with eMentors or Big Brothers/Big Sisters with weekly homework help, social interaction, physical activity and respite for parents/guardians. Volunteers also acted (and continue to act) as watchdogs for children who may be at risk of abuse and neglect.

Applying to become a volunteer is the best way to contribute to the mission of Big Brothers Big Sisters of the Shoals, but financial support is also needed to keep their programs going. They always welcome donations of copy paper and other office supplies.

Have an initiative or event you'd like to request funding for from Listerhill? You can fill out a donation request form here.

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Frequently Asked Questions

  • Do you need to be a Listerhill Credit Union member to apply for a Money Market Account?

    Yes, you do need to be a Listerhill Credit Union member to apply for a Money Market Account. To qualify for membership with Listerhill, you must meet one of the following requirements:

    • You must live in the states of Alabama, Georgia, Mississippi, Florida, or Tennessee.
    • Depending on your individual eligibility requirements, we may require membership in an approved association at no cost to you.
    • You can also qualify for membership by being a family member of a current or potential Listerhill member.
  • How does a tiered dividend rate structure work?

    Money market accounts typically offer tiered dividend rate structures. That means account balances above certain thresholds earn a higher rate. For example, Listerhill  Credit Union offers progressively higher APYs on amounts above $9,999, $49,999, and 99,999. It’s important to realize that only the portion of your deposit above this threshold will earn the higher rate, while the amount below will continue to earn dividends at the lower rate.

  • Where is the best place to open a money market account?

    Credit unions offer more generous dividends on average than other banking institutions, as well as fewer fees and charges. Credit Unions also offer more personal service to help you set up and manage your money market account.

  • What do you need to open a money market account?

    In order to open a Listerhill Credit Union Money Market Account, you need to be a member of Listerhill Credit Union. You’ll also need:

    • Proof of identity, such as drivers license, state ID card, or passport
    • An opening deposit of at least $15 to cover the low balance fee
  • How do credit union money market accounts work?

    Credit Union Money Market Accounts allow you to earn more money in dividend payments by offering progressively higher rates for amounts above $9,999, $49,999, and $99,999. Only the portion above the threshold earns the higher dividend rates. Because credit unions are not-for-profit financial cooperatives owned by and run on behalf of their members, dividend rates are higher on average than those offered by commercial bank accounts.