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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.

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Debt Payoff Calculator

How It Works

Debt comes in so many shapes—credit cards, mortgages, car loans, student loans, etc.—and it always has a nasty way of demanding attention. But eliminating debt doesn’t have to consume you entirely. Here are some tools and tips that’ll help to pay down your debt so you can lounge in the comfort of a financially free life.

Though there are multiple debt payoff methods, the majority of them consist of paying more toward your debt than the monthly minimum. This way you can get rid of debt faster and save some money on interest. This calculator shows how long it will take to pay off a loan and how much accrued interest will need to be paid by the end of the loan’s payoff period.

  1. Enter how much money is currently owed on the loan in the “Loan Balance” text box.
  2. Adjust the sliders to match the details of the loan.
  3. Move the “Added Monthly Amt” slider to see how paying a bit more each month will save money on interest and change the final payoff date.
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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.