| Existing Account: | Changing To: | What This Means: |
|---|---|---|
| Basic Checking | Everyday Checking | You will continue to have a non-interest-bearing checking account. The account will now have the following benefits:
• No Service Charge • 3 Overdraft Refunds Per Year (Limitations apply. See a Member Advocate for more details.) |
| Existing Account: | Changing To: | What This Means: |
|---|---|---|
| Pick 5 Checking | Everyday Checking | You will continue to have a non-interest-bearing checking account. The account will now have the following benefits:
• No Service Charge • 3 Overdraft Refunds Per Year (Limitations apply. See a Member Advocate for more details.) |
| Existing Account: | Changing To: | What This Means: |
|---|---|---|
| The Hill Checking | Everyday Checking | You will continue to have a non-interest-bearing checking account. The account will now have the following benefits:
• No Service Charge • 3 Overdraft Refunds Per Year (Limitations apply. See a Member Advocate for more details.) |
| Existing Account: | Changing To: | What This Means: |
|---|---|---|
| High Yield Checking | Growth Checking | You will continue to have an interest-bearing checking account with the following benefits:
• No service charge if a minimum $1,000 average daily balance is maintained. If your average daily balance drops below $1,000, you will incur a $10 service charge. • Interest earned on balances at or above $1,000 at a single tier. Rates available at listerhill.com/rates. |
| Existing Account: | Changing To: | What This Means: |
|---|---|---|
| Young at Heart Checking (w/Avg. Daily Balance <$1,000) | Everyday Checking | You will now have a non-interest-bearing checking account with the following benefits:
• No Service Charge • 3 Overdraft Refunds Per Year (Limitations apply. See a Member Advocate for more details.) |
| Young at Heart Checking (w/Avg. Daily Balance $1,000 or more) | Growth Checking | You will continue to have an interest-bearing checking account with the following benefits:
• No service charge if a minimum $1,000 average daily balance is maintained. If your average daily balance drops below $1,000, you will incur a $10 service charge. • Interest earned on balances at or above $1,000 at a single tier. Rates available at listerhill.com/rates. |
| Existing Account: | Changing To: | What This Means: |
|---|---|---|
| Secondary Share | My Goal Savings | There will be no change to the benefits of the Secondary Share Account. However, the product name will change to My Goal Savings. |
| Existing Account: | Changing To: | What This Means: |
|---|---|---|
| Christmas Club | My Goal Savings | The Christmas Club Savings account changed in 2020 to function as a My Goal Savings account. However, the name remained as Christmas Club Savings. Additionally, the yearend auto-transfer will no longer occur after 2020. There will be no further changes to the account on March 1, 2021. |
| Existing Product: | Changing To: | What This Means: |
|---|---|---|
| Summer Pay | My Goal Savings | The Summer Pay account changed in 2020 to function as a My Goal Savings account. However, the name remained as Summer Pay. There will be no further changes to the account on March 1, 2021. |
| Existing Account: | Changing To: | What This Means: |
|---|---|---|
| Regular Certificates (3 month, 6 month and 12 month) | Quarterly Certificate (12 month) | Certificates will now be offered in six terms instead of ten terms. However, you will continue to receive the following benefits:
• Minimum Opening Deposit of $500 • Interest Paid Quarterly • Interest Paid Either by Deposit to Affiliate Account or Credited to Certificates Quarterly (Compound) (Early withdrawal penalties have changed. Please see chart below.) |
| Existing Account: | Changing To: | What This Means: |
|---|---|---|
| Regular Certificate (18 Month) | Quarterly Certificate (18 Month) | Certificates will now be offered in six terms instead of ten terms. However, you will continue to receive the following benefits:
• Minimum Opening Deposit of $500 • Interest Paid Quarterly • Interest Paid Either by Deposit to Affiliate Account or Credited to Certificates Quarterly (Compound) (Early withdrawal penalties have changed. Please see chart below.) |
| Existing Account: | Changing To: | What This Means: |
|---|---|---|
| Regular Certificates (24 month and 30 month) | Quarterly Certificate (24 month) | Certificates will now be offered in six terms instead of ten terms. However, you will continue to receive the following benefits:
• Minimum Opening Deposit of $500 • Interest Paid Quarterly • Interest Paid Either by Deposit to Affiliate Account or Credited to Certificates Quarterly (Compound) (Early withdrawal penalties have changed. Please see chart below.) |
| Existing Account: | Changing To: | What This Means: |
|---|---|---|
| Regular Certificate (36 month) | Quarterly Certificate (36 month) | Certificates will now be offered in six terms instead of ten terms. However, you will continue to receive the following benefits:
• Minimum Opening Deposit of $500 • Interest Paid Quarterly • Interest Paid Either by Deposit to Affiliate Account or Credited to Certificates Quarterly (Compound) (Early withdrawal penalties have changed. Please see chart below.) |
| Existing Account: | Changing To: | What This Means: |
|---|---|---|
| Regular Certificate (48 month) | Quarterly Certificate (48 month) | Certificates will now be offered in six terms instead of ten terms. However, you will continue to receive the following benefits:
• Minimum Opening Deposit of $500 • Interest Paid Quarterly • Interest Paid Either by Deposit to Affiliate Account or Credited to Certificates Quarterly (Compound) (Early withdrawal penalties have changed. Please see chart below.) |
| Existing Account: | Changing To: | What This Means: |
|---|---|---|
| Regular Certificates (60 month and 72 month) | Quarterly Certificate (60 month) | Certificates will now be offered in six terms instead of ten terms. However, you will continue to receive the following benefits:
• Minimum Opening Deposit of $500 • Interest Paid Quarterly • Interest Paid Either by Deposit to Affiliate Account or Credited to Certificates Quarterly (Compound) (Early withdrawal penalties have changed. Please see chart below.) |
| Existing Account: | Changing To: | What This Means: |
|---|---|---|
| Jumbo Certificates (3 month, 6 month and 12 month) | Monthly Certificate (12 month) | Certificates will now be offered in six terms instead of ten terms and a reduced minimum opening deposit of $500 is required. However, you will continue to receive the following benefits:
• Interest Paid Monthly • Interest Paid by Deposit to Affiliate Account (Early withdrawal penalties have changed. Please see chart below.) |
| Existing Account: | Changing To: | What This Means: |
|---|---|---|
| Jumbo Certificate (18 Month) | Monthly Certificate (18 Month) | Certificates will now be offered in six terms instead of ten terms and a reduced minimum opening deposit of $500 is required. However, you will continue to receive the following benefits:
• Interest Paid Monthly • Interest Paid by Deposit to Affiliate Account (Early withdrawal penalties have changed. Please see chart below.) |
| Existing Account: | Changing To: | What This Means: |
|---|---|---|
| Jumbo Certificates (24 month and 30 month) | Monthly Certificate (24 month) | Certificates will now be offered in six terms instead of ten terms and a reduced minimum opening deposit of $500 is required. However, you will continue to receive the following benefits:
• Interest Paid Monthly • Interest Paid by Deposit to Affiliate Account (Early withdrawal penalties have changed. Please see chart below.) |
| Existing Account: | Changing To: | What This Means: |
|---|---|---|
| Jumbo Certificate (36 month) | Monthly Certificate (36 month) | Certificates will now be offered in six terms instead of ten terms and a reduced minimum opening deposit of $500 is required. However, you will continue to receive the following benefits:
• Interest Paid Monthly • Interest Paid by Deposit to Affiliate Account (Early withdrawal penalties have changed. Please see chart below.) |
| Existing Account: | Changing To: | What This Means: |
|---|---|---|
| Jumbo Certificate (48 month) | Monthly Certificate (48 month) | Certificates will now be offered in six terms instead of ten terms and a reduced minimum opening deposit of $500 is required. However, you will continue to receive the following benefits:
• Interest Paid Monthly • Interest Paid by Deposit to Affiliate Account (Early withdrawal penalties have changed. Please see chart below.) |
| Existing Account: | Changing To: | What This Means: |
|---|---|---|
| Jumbo Certificates (60 month and 72 month) | Monthly Certificate (60 month) | Certificates will now be offered in six terms instead of ten terms and a reduced minimum opening deposit of $500 is required. However, you will continue to receive the following benefits:
• Interest Paid Monthly • Interest Paid by Deposit to Affiliate Account (Early withdrawal penalties have changed. Please see chart below.) |
| Existing Fee: | Changing To: |
|---|---|
| Relationship Fee | This fee is being eliminated. If you currently pay the $10/month Relationship Fee, you will no longer be charged this fee. |
| Existing Fee: | Changing To: |
|---|---|
| Regular Certificates Early Withdrawal Penalty
• Terms of 1 year or less: 30 days interest • Terms of over 1 year: 90 days interest | Quarterly Certificate Early Withdrawal Penalty
• Terms of 1 year or less: 90 days interest • Terms of 18 mos-2yrs: 180 days interest • Terms of over 2 years: 210 days interest |
| Existing Fee: | Changing To: |
|---|---|
Jumbo Certificates Early Withdrawal Penalty • Terms of 1 year or less: 30 days interest • Terms of over 1 year: 90 days interest | Monthly Certificate Early Withdrawal Penalty • Terms of 1 year or less: 90 days interest • Terms of 18 mos-2 yrs: 180 days interest • Terms of over 2 years: 210 days interest |
| New Fee: | Details: |
|---|---|
| Maintenance Fee | We are introducing a new $5/month Maintenance Fee to all members. However, this fee can be waived if you meet just one of the following criteria:
• You or someone in your household has had a current loan or mortgage within the last 12 months. • You or someone in your household has an open credit card • You or someone in your household has an aggregate average daily balance of $1,000 in your accounts • You or someone in your household has a relationship with our Listerhill Financial Services department • You have paid at least $125 in NSF, Transfer, or Courtesy Pay fees for the month • You are under the age of 25 • Your account is less than 90 days old • You have paid a Return Mail Fee or an Inactive Account Fee for the month |
Listerhill has been consistently been rated in the top tier for overall satisfaction by our members. While we hope you find the information you need online, we'd be happy to talk with you about questions you may have. Call us at (256) 383-9204 or 1-800-239-6033 for friendly, local assistance. Or even stop by one of our branches for personal service.
A land loan provides you with financing to secure a lot of land and cover the costs for up to 20 years. With Listerhill, you can get a loan on unimproved land.
Once you’re ready to build, you can secure a different type of loan to cover construction costs.
If you aren’t sure how much you’ll need to borrow or when you'll need it, a Home Equity Line of Credit is a great option. Access ongoing cash for a set period of up to 10 years with low minimum payments until your withdrawal period is complete. Contrary to a Home Equity Loan, the interest on a HELOC is a variable rate and may be impacted by the status of the economy.
If you’re the type of person who takes a big-picture view when planning your financial decisions, a home equity loan may make the most sense. Since you’re borrowing a fixed amount at a fixed rate, you can plan how much you’ll pay for the loan in the long run from day one.
Home equity loans provide you with the opportunity to chase dreams to the fullest. Enjoy a vacation with the whole family, invest in a household remodeling project, or even finance an upcoming vehicle purchase with only a few clicks. If you can dream it, you can achieve it!
Home equity loans rely on a loan to value ratio (LTV) to disburse funds, meaning that your credit score and home equity value should be fairly substantial to take advantage of all possible benefits. For assistance in the home equity loan pre-approval process, please speak with your local Listerhill Credit Union branch.