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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.
Listerhill is a nonprofit cooperative owned and operated by its members. When you join, membership is for life — even if you retire, move away or change employers. Our policy is "lifetime membership"; once a member, always a member.
At Listerhill, we strive to value people over profit, work passionately, exceed expectations, proactively seek improvement, and make our community a better place. This vision comes back to our membership in the form of superior accounts, loan options with competitive rates and terms, and services that enable you to access your banking wherever and whenever you need it. With only $5, you can join Listerhill today.
To qualify for membership with Listerhill, you must meet one of the following requirements:
Our lives and our part within our towns and cities, schools and businesses extends far beyond the service of our members. We are in it for everyone. As our community grows and thrives, so do we. We give back to our community through support for local events, fundraising, support for local universities, and more. We have and will continue to give back to our local elementary schools through the Listerhill Foundation's Kicks For Kids Initiative. Joining Listerhill means that you're supporting our communities.
Enjoy the benefits of ownership. Listerhill offers a variety of checking accounts with unsurpassed benefits, such as no minimum balances, free online banking, unlimited check writing, and more.
When you place your hard-earned money in a Listerhill savings account, you can rest easy knowing your money is securely insured, earning high rates, and managed locally by people who know and care about you.
We have a range of loan options and lines of credit that can meet your needs and budget.
You can open your Listerhill account, loan, or credit card from the comfort of your home with our easy online application. Or, if you want to apply for a mortgage, you can learn more about our offerings and start your application here.
If you live in Alabama, Georgia, or Tennessee and don't have a Listerhill branch location nearby, there are still plenty of ways to access your accounts. You can use our online banking, mobile banking app, and cards app to access your accounts from your devices. You can also take advantage of our CO-OP Shared Branches for easy access to your money wherever you are. If you need to get in touch, we're always one call away.
You can become eligible for membership at Listerhill anywhere in Alabama if you join the Alabama Consumer Council or the Athens State Alumni Association. In Tennessee or Georgia, you can also become eligible for membership if you join the Athens State Alumni Association. This membership is initiated at no cost to you and doesn't require any setup on your part outside of the normal application process to become a member of Listerhill.
If you are not sure what kind of interest your loan has, check your loan documents or contact your lender.
(Source: Banzai)
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)
The simplest way to calculate interest is to use an online savings calculator like this one. But if you want to do the math yourself, you can plug your information into the compound interest formula of A = P (1 + r/n)^(nt).
(Source: Banzai)
Compound interest means that the money you earn in interest also earns interest, rather than just the principal. Basically, the amount of interest you earn will grow every time interest is added (or compounded) rather than staying the same. This makes it ideal for savings accounts. The formula for calculating compound interest is A = P (1 + r/n)^(nt). The variables for this formula are:
(Source: Banzai)
Interest rates vary greatly depending on the type of account, supply and demand, and what the Federal Reserve sets. For a typical savings account, you could expect anywhere from 0.01-0.08%. For a high yield savings account, on the other hand, it’s not uncommon to see interest rates of 0.2%-0.6%. A CD (certificate of deposit) can earn 0.07-1.2%, or even higher, depending on the length and financial institution.
(Source: Banzai)