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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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Listerhill Credit Union (en-US)

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Simple vs. Compound Interest Calculator

How It Works

You want to earn as much interest as possible on your savings but not pay more than you have to when you borrow. One of the biggest factors in both is whether you’re accruing simple or compound interest.

Simple Interest is calculated annually on the amount you deposit or owe. Compound Interest is when interest earned is added to the principal, forming a new base on which the next round of interest is calculated. This usually accrues daily, monthly, or quarterly.

Enter the starting balance and use the sliders to adjust the monthly contribution, interest rate, and years. The graph will demonstrate the growth of the principal and interest earned/owned with simple interest vs compound interest.

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When you are faced with life-changing transitions, there are usually some important financial decisions that you will have to make during these times of change. Your financial decisions may significantly impact your financial security in the years, decades or generations to come. When you’re making these important financial decisions, you want sound, objective advice from someone who knows you well. Listerhill Financial Services gives you the personalized, local service you deserve.
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Rule of 72 Calculator by Interest Rate

This rule predicts how long an investment will take to double based on a fixed annual interest rate.
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Asset Depreciation Calculator

See how an asset will depreciate over time, the asset value, the yearly depreciation rate, and the annual depreciation.

Common FAQs

  • Is Simple or Compound Interest Better?

    It depends on what you need! If you are saving money in an account or being repaid for a loan, compound interest may be a good choice for you.

    If you are borrowing money, you may be able to pay less over time with simple interest.

    (Source: Banzai)

  • How do I know what kind of interest I have?

    If you are not sure what kind of interest your loan has, check your loan documents or contact your lender.

    (Source: Banzai)

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Frequently Asked Questions

  • Is my membership donation tax-deductible?

    You do not pay any additional fee or donation when you join Listerhill through KFKA. Listerhill makes the $5 donation to the Listerhill Foundation. Because you are not the one making that donation directly, it is not a tax-deductible contribution for you.

    For personal giving to the Listerhill Foundation, please consult your tax advisor about your specific situation.

  • Can I still support Kicks for Kids if I'm already a member?

    Yes! You can still support the Listerhill Foundation and Kicks for Kids as a member through donations, fundraising events, and volunteer opportunities.

  • Do I live in the right area to join Listerhill?

    If you're within Listerhill's existing service areas, you may qualify based on where you live and your nearest Listerhill Credit Union branch. If you're outside our service areas, you can still become a member. by joining through the Kicks for Kids Association (KFKA) during the application process.

  • Does it cost extra to join Listerhill through the Kicks for Kids Association?

    No. There is no extra cost to you to join Listerhill through the Kicks for Kids Association (KFKA). For every new member who joins via KFKA, Listerhill Credit Union donates $5 to the Listerhill Foundation to support Kicks for Kids.

  • What is an associational membership?

    An associational membership is a way to qualify for credit union membership by belonging to an approved association or organization. In this case, joining the Kicks for Kids Association (KFKA) is what makes you eligible to join Listerhill Credit Union, even if you don't otherwise qualify by where you live, work, worship, or attend school.

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