Trades & Labor Federal Credit Union

Regular Share Accounts
Minimum opening balance of $20.00 is required. This is your member ownership in the Credit Union. A balance of $100.00 is required to earn dividends. Dividends are compounded daily and paid quarterly.

Special Share Accounts
In addition to regular savings, you may open special share accounts for any of your other needs. Special share accounts are sub-accounts that are under your same member number. These accounts earn the same dividends as regular shares. No minimum balance required. These may be used to save money for vacations, insurance premiums, or whatever extra expense you need to save for and be able to keep these funds separate from your regular share account.

Preferred Share Accounts
Preferred Share Accounts pay a higher dividend rate because they require you to maintain a higher minimum balance. A minimum balance of $1000.00 is required. This is a tiered share account meaning the more you have in your account the more dividends you will earn. No penalty for withdrawals. Dividends are compounded daily and paid quarterly.

Christmas Club Share Account
Put money aside for holiday spending. Have your payroll directly deposited into this account to save for next Christmas. Funds from this account are made available to you after October 1st. Dividends are compounded daily and paid quarterly.

Trust Share Accounts
Prepare for your child’s future by starting up an account for them were funds are only available when they reach the age of 18. A $50.00 minimum balance is required to receive dividends. Dividends are compounded daily and paid quarterly.

Certificates of Deposit
We offer CD’s at very competitive rates. A CD may be started with a minimum balance of $500.00. Dividends are calculated and paid at maturity. Terms of 6 months, 12 months, and 24 months are available. Penalties apply on early withdrawal.

Visa Credit Cards
We have Visa credit cards with no annual fee, low interest rate and, your payments can be made at the Credit Union.

Money Orders
Travelers Express money orders can be purchased at $1.50 per money order. Maximum per money order is $1000.00.

Share Draft Accounts (Checking Account)
Our draft accounts require no minimum balance or monthly service fees. You must, however, purchase your checks through the Credit Union. If your draft account is overdrawn we will, at no charge, transfer any available funds to your draft account from the same regular share account to cover the draft written.

Overdraft Protection
We offer overdraft protection loans for up to $500.00 to qualify members. These loans only require a $25.00 monthly payment for $300 or $30.00 monthly payment for $500 line of credit. If you are interested in the overdraft protection loan, stop by and talk to LeAnn to see if you qualify.

Shazam Debit Card
Are you tired of writing out check after check? Do you find yourself in places that won't accept your check? Do you ever need cash when the Credit Union is closed? If so, try our easy and convenient Shazam debit card. It works like a credit card, except your purchases come directly out of your draft account. This Shazam card is accepted almost everywhere the VISA logo is shown. You can also make cash withdrawals out of any ATM that accepts Visa (Surcharge fees may be accessed unless you use a Shazam Privilege Status ATM). If you are interested in getting a Shazam debit card, stop by the Credit Union and fill out a short application.