Checking & Savings

Savings accounts are the cornerstone of credit union membership. As a Lake Trust Credit Union member, you're guaranteed choice, variety, and security to meet virtually every need – at any stage in your life. Funds deposited in all Lake Trust Savings, Checking, CDs, and Money Markets are secured and insured by the National Credit Union Administration (NCUA) up to $250,000. IRAs are separately insured up to another $250,000.

NOTICE OF CHANGES IN TEMPORARY NCUA INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a “noninterest-bearing transaction account” are insured in full by the National Credit Union Administration through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to members under the NCUA’s general share insurance rules.

The term “noninterest-bearing transaction account” includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends, a negotiable order of withdrawal (”NOW”) account, money-market deposit account, and Interest on Lawyers Trust Account (”IOLTA”), even if share drafts may be drawn on the account. For more information about temporary NCUA insurance coverage of transaction accounts, visit www.ncua.gov°.