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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.
As a credit union, we do things a little differently. As a member, you reap the benefits. Joining our family gives you more than better rates and lower fees. It offers a sense of belonging because you'll have membership in a co-op dedicated to giving back to the communities we serve. And by making your business stronger, you'll be better able to serve your neighbors as well.
Because even when you run your own company, you still need a partner.
At Listerhill, we understand that time is money. That's why we provide a simple, quick and easy way to upload the documents needed to keep your application moving.
Since 1952, business owners have turned to us as their trusted financial partner. There's a simple reason why. It's because we listen and learn before customizing our comprehensive financial solutions to help them reach their goals. That way, they can stay focused on running their business, with us at their side to help it run smoothly and grow. From purchasing property and equipment, to securing an operating line and utilizing merchant services, Listerhill is here to lend a hand - not just money.
From nearly 20 branches in the area and our participation in a network of credit unions across the country, Listerhill members are never far from their money. We offer a 24-hour automated telephone service that lets you check balances, transfer funds, make loan payments, and more. We also have Smart ATMs, so you can make a deposit, get exact change, or make loan payments - all 24 hours a day.
At Listerhill, we believe your financial life should work around your schedule, not ours. That's why we’ve introduced our Smart ATMs, so you can make a deposit, get exact change or make loan payments — all 24 hours a day.
Online Banking gives you access to manage your accounts at any time from your computer. View detailed account history, access eStatements, transfer funds, pay bills or other people and even budget your accounts from any financial institution.
Most of us live day-to-day with our phone in our hands. There is no reason your money shouldn't be right there with you. Whether you want to make a deposit, pay bills, transfer funds, or even purchase a cup of coffee, we've got you covered!
Be part of something bigger than a bank. Be part of your community.
The seed stage is when your business is just a thought or an idea. Most businesses will have to overcome the challenge of market acceptance and you must focus on matching business opportunity with your skills, experience, and passions.
Your business now exists in legal terms! Products or services are in production and you have your first customers. The main challenge is not to burn through your funds. Learn what profitable needs your clients have and do a reality check to see if your business is on the right track at this stage. Most start-ups require establishing a customer base and market presence while conserving cash flow.
Revenues and customers are increasing with many new opportunities and issues. Profits are strong, but the competition is surfacing. Learning to manage a consistent range of issues at this stage is crucial. Focus on running your business in a more formal fashion to deal with increased sales and customers. Improve management systems and hire new employees to deal with the influx of business.
Your business has now matured into a thriving company with a place in the market and loyal customers! Sales growth is not explosive but manageable and business life has become routine. It's important to stay focused on the bigger picture by improving productivity to stay competitive and retain customers. To compete in an established market, you'll need automation and outsourcing to improve productivity.
Your company is growing into new markets and distribution channels. This stage is often the time to choose to gain a larger market share and find new revenue and profit channels, if desired. After planning and researching, add new products or services to existing markets or expand your business into new markets.
Changes in the economy, society, or market conditions can decrease sales and profits quickly leading to struggle. Businesses in decline will be challenged by dropping sales, profits, and negative cash flow. The biggest issue is how long your business can support negative cash flow in this stage. Consider if it may be time to move on by seeking out new opportunities and business ventures while cutting costs and finding ways to sustain cash flow.
It's a big opportunity for your business to cash out on all the effort and years of hard work you've put in. Selling a business requires a realistic valuation. If you decide to close your doors, the challenge is to deal with the financial and psychological aspects of a business loss. Get a proper valuation of your company. Look at your business operations, management, and competitive barriers to make the company worth more to a buyer and setup legal buy-sell agreements along with a business transition plan.
*Information sourced from "The 7 Stages of Starting and Running a Business" by Darrell Zahorsky, The Balance Small Business (October 28, 2019). Click here to read full article.
Employer Identification Number (EIN) documentation, if applicable.
For each account type, provide for identification all signers and information for beneficial owners.
*Other documentation may be required to complete the application process.
We make it easy to find the exact loan your business needs to grow. Each option is backed by personalized service, competitive pricing and quick processing - from commercial real estate and loans to purchasing equipment, to unsecured business and corporate auto loans.
Our business credit card works just as hard as you do. We offer limits up to $50,000 (higher limits may be available), competitive fixed rates starting at 12.99%, 2% cash back on all purchases, travel/accident insurance, monthly company reports, Visa alerts, and more.
Our multiple business checking options offer great benefits of ownership like overdraft services, account transfers linked to business share savings, free online banking and no minimum balances on some accounts.
If you accept card payments, you'll want to check out another great benefit of ours called BancCard. It guarantees you $200 if BancCard can't match or beat your current system's price. Now that's good business.
This account establishes your membership and makes you eligible for all our other services. It's your share of ownership in the credit union and features a low $5 minimum balance, quarterly dividends, no service charges and more.
If a member has accounts in credit union A and credit union B, and credit union A merges into credit union B, accounts of credit union A continue to be insured separately from the share deposits of credit union B for six months after the date of the merger or, in the case of a share certificate, the earliest maturity date after the six-month period. In the case of a share certificate that matures within the six-month grace period that is renewed at the same dollar amount, either with or without accrued dividends having been added to the principal amount, and for the same term as the original share certificate, the separate insurance applies to the renewed share certificate until the first maturity date after the six-month period. A share certificate that matures within the six-month grace period that is renewed on any other basis, or that is not renewed, is separately insured only until the end of the six-month grace period.
The NCUA would either transfer the insured member's account to another federally insured credit union or give the federally insured member a check equal to their insured account balance. This includes the principal and posted dividends through the date of the credit union's liquidation, up to the insurance limit.
Federal law requires the NCUA to make payments of insured accounts "as soon as possible" upon the failure of a federally insured credit union. While every credit union failure is unique, there are standard policies and procedures that the NCUA follows in making share insurance payments. Historically, insured funds are available to members within just a few days after the closure of an insured credit union.
Members who have uninsured shares may recover a portion of their uninsured shares, but there is no guarantee that they will recover any more than the insured amount. The amount of uninsured shares they may receive, if any, is based on the recovery of the failed credit union's assets. Depending on the quality and value of these assets, it may take several years to conclude recovery on all the assets. As recoveries are made, uninsured account holders may receive periodic payments on their uninsured shares claim.
If a liquidated credit union is acquired by another federally insured credit union, all direct deposits, including Social Security checks or paychecks delivered electronically, will be automatically deposited into your account at the assuming credit union. If the NCUA cannot find an acquirer for the liquidated credit union, the NCUA will advise members to make new arrangements.