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Regular Shares

The regular savings account (or regular shares) with a minimum of $100 on deposit is your passport to higher earnings and all the services your credit union offers.  Dividends are paid quarterly and statements on savings are sent quarterly either by US Mail or by e-statements.


Deposits to your savings can be made through payroll deduction, direct deposit or over-the-counter by stopping by the office.  

Share Certificates or Term Certificates

Share certificates are term savings which are the same as Certificates of Deposit or “CDs”.  A term certificate has a beginning term and an ending term with an interest rate higher than regular savings rates.  Dividends on share certificates are paid at maturity and can be added back to the face of the certificate or put into other savings such as Christmas savings.  The minimum deposit in a term certificate is $500 and you can choose the term of 12 months, 24 months, or 36 months. See current Rates.


You can transfer from your regular savings to a term certificate at any time.  Save a small amount each pay period in your regular savings; when you have $500 over the $100 minimum, the staff will gladly help you start your new term certificate.

Christmas or Holiday Savings

A special savings account offered by NLFCU is the Christmas or holiday savings.  This savings will come under your regular share account (same account #) but with a different identifier or suffix.  There is a minimum of $1 to open this special savings and there are no withdrawals until the disbursement or payout at end-of-day the first business day in November.  Funds will be transferred to your regular savings account for you to access with a transfer to your checking account or to withdraw in check form.


If you wish to start a Christmas account for the next holiday season, just call the office and the staff will be glad to help you get started.  The staff will also help you start or change your payroll deduction so that deposits can be made to the account automatically.

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