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Product Changes

See the upcoming changes we are making to our products, effective March 1, 2021.

As a financial cooperative, we strive to provide our members with access to innovative financial products and tools for everyday financial management. Sometimes this means updating our product offerings to ensure they meet the varying needs of our members. Every change is carefully made to both simplify and provide value to our members and the cooperative as a whole. If you have any questions about how these changes may affect you, please call (256) 383-9204.


Helping Member At Desk
We are moving forward together.

Listerhill's vision is to value people over profit, work passionately, exceed expectations, proactively seek improvement, and make our community a better place. Changes to our products are being made with this in mind. To see how these changes might affect you, click on our current products below to learn more about how they are changing on March 1, 2021. 

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Checking Account Product Changes

  • Basic Checking

    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.)
  • Pick 5 Checking

    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.)
  • The Hill Checking

    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.)
  • High Yield Checking

    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.
  • Young at Heart Checking

    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.

Savings Account Product Changes

  • Secondary Share

    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. 
  • Christmas Club

    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.
  • Summer Pay

    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.
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Regular Certificate Changes

  • 3, 6, or 12 Month Regular Certificate

    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.)
  • 18 Month Regular Certificate

    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.)
  • 24 or 30 Month Regular Certificate

    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.)
  • 36 Month Regular Certificate

    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.)
  • 48 Month Regular Certificate

    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.)
  • 60 or 72 Month Regular Certificate

    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.)

Jumbo Certificate Changes

  • 3, 6, or 12 Month Jumbo Certificate

    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.)
  • 18 Month Jumbo Certificate

    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.)
  • 24 or 30 Month Jumbo Certificate

    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.) 
  • 36 Month Jumbo Certificate

    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.)
  • 48 Month Jumbo Certificate

    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.)
  • 60 or 72 Month Jumbo Certificate

    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.) 
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Fee Changes

  • Relationship Fee

    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.
  • Regular Certificates Early Withdrawal Penalty

    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
  • Jumbo Certificates Early Withdrawal Penalty

    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

  • Maintenance Fee

    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
Learn More About Our Maintenance Fee

We help our members play an active role in their finances, encouraging them to save and borrow money with us. It’s key to Listerhill’s sustainability and creates value that is ultimately returned to our member-owners, like you!

Additional Questions?

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.

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Frequently Asked Questions

  • What is a land loan?

    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.

  • Who is a HELOC best for?

    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.

  • Who is a Home Equity Loan best for?

    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.

  • What can home equity loans be used for?

    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!

  • What type of requirements exist for home equity loans?

    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.