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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.

HOLIDAY

All branches will be self-service only Tuesday, November 11th, for Veterans Day. Normal business hours will resume Wednesday, November 12th. Smart ATMs and Online and Mobile Banking will remain available.

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Engage & Empower Your Employees With Listerhill

Engage & Empower Your Employees With Listerhill

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.

Did you know Listerhill Credit Union offers perks to our partner organizations in addition to individual member benefits? That's right. Employers like you can sign up for our free Listerhill Financial Wellness and then watch as you, your business, and your employees all reap the rewards.

Our Financial Wellness initiative can help you increase employee engagement and provide your employees with financial education so everyone in your workplace is happier and more productive. Read on to find out what you've got to gain today!

Challenges for Employers in Today's Job Market

In recent years, millions of Americans have quit the workforce in a trend known as the “Great Resignation.” Reasons for quitting may include early retirement, a need to stay home to care for children during school closures, or simply leaving one job in search of a better one.

Whatever the cause, we know that employers today are finding it hard to recruit and retain employees. That's why we're offering the free Listerhill Works program to our partnered businesses so we can all work together to improve the lives of people in our community.

We're confident Listerhill Financial Wellness can help your organization:

  • Increase worker productivity

  • Reduce turnover rate

  • Attract new talent

What Is the Listerhill Financial Wellness Initiative?

This initiative offers great value for employers and your employees alike. At no cost to you, we're offering your organization a range of services and resources to help you support your employees' financial health and wellbeing.

Listerhill Financial Wellness FAQ

Why is the initiative effective?

Research has shown that financially stable employees produce higher quality work and feel more confident.

Who is it for?

Our initiative is helpful to everyone from eighth-graders through to senior citizens.

What does it cost?

The initiative is completely free!

What staff will I need to run it?

The initiative doesn't need any extra staffing or resources from you.

What if I don't need all the services?

As an employer, you get the flexibility to pick and choose which features will work best for your organization.

How Listerhill Financial Wellness Can Increase Employee Engagement

In today's world, employees are seeking more than a paycheck. They want a meaningful job that offers a sense of purpose and fellowship. More than ever, your organization needs to stand out in a competitive job market.

Through Listerhill Financial Wellness, you can offer your employees exclusive benefits that will build employee loyalty and a sense of belonging in the community.

Exclusive Listerhill Financial Wellness benefits for your employees include:

  • New employee orientation meetings, plus reorientations

  • Employee benefits fairs

  • Other organizational events

Why Employee Financial Education Matters

The challenges of recent years have led many people to focus on achieving financial security so they can get through life's ups and downs. Similarly, employees are more likely to thrive if they're not worrying about making rent or putting enough food on the table for their families.

As a Listerhill Financial Wellness partner organization, you and your employees gain access to these free resources and services:

  • Financial seminars

  • Financial wellness educational materials, workbooks, and brochures

  • Our full-service Financial Planning department

Bonus Credit Union Perks for Your Employees

Chances are, your employees already have a bank account. But think of the simplicity and ease within your organization if all your employees are offered the chance to be part of our not-for-profit cooperative. We can save everyone time and money!

As a member of Listerhill Credit Union, you and your employees can enjoy these services:

  • Same-day account opening

  • Free checking account with a free debit card and no minimum balance

  • Savings accounts to suit every life stage, including certificates, IRAs, and rewards accounts

  • Exclusive and convenient banking services, like Smart ATMs and Online and Mobile Banking

  • Numerous loan options including credit cards and our full-service Mortgage Lending department

Increase Employee Engagement and Provide Employee Financial Education Today!

Engaging and empowering your employees is a sure way to help your organization grow and stand out in your local community.

Whether your focus is on employee engagement or employee financial education, Listerhill's Financial Wellness initiative is here to help you support your employees on their path to financial security.

Learn more about our program and how to get started.

Financial Wellness with Listerhill


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Frequently Asked Questions

  • Do I have to be a member to apply for a fixed-rate loan?

    Yes, you need to be a Listerhill member to apply for loans. To qualify for membership with Listerhill, you must meet one of the following requirements:

    • If you live in the states of Alabama, Georgia, Mississippi, Florida, or Tennessee, you are eligible to become a member.
    • 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 important is my credit history in determining whether I qualify for a loan?

    Your credit history is extremely important to lenders when deciding whether to offer you a loan, because it provides an indication of how likely you are to pay back what you owe. This helps lenders determine how much of a risk you are. Typically, the better your credit history, the less risky you appear to lenders, and the better (lower) the interest rate you are likely to be offered.

    Lenders do, however, look at other factors such as income, job stability, and existing debts. Credit unions like Listerhill are also known for taking a more holistic look at their members’ finances when deciding whether to approve a loan, rather than relying solely on the numbers.

  • What is a good down payment on a home?

    A down payment of up to 20% is considered good by many lenders. This gives you a significant stake in the property that you are borrowing money to buy. Lenders see a substantial down payment as a good indicator that you will continue to make payments because you risk losing your own money if you do not. Typically, you’ll get a lower mortgage interest rate the more money you are able to put down, although lenders do look at other factors as well.

  • What is a debt-to-income ratio?

    Your debt-to-income (DTI) ratio compares your monthly debt payments relative to your gross monthly income. Mortgage lenders use it to evaluate how well you manage debt and whether you can afford a new loan. A lower DTI generally makes it easier to qualify for mortgages and other loans. For conventional home loans, many lenders look for a DTI below 43%.

  • How much is a $300,000 mortgage payment?

    Assuming you borrowed $300,000 on a fixed 25 year mortgage loan at a current average annual percentage rate (APR), you could expect to pay about $2,120 per month (not including taxes and insurance premiums). This does not include any down payment you might make on the total purchase price of the house.