The credit union offers a variety of savings to suit your needs. All savings accounts earn competitive dividends and are insured by the National Credit Union Administration, a government agency, up to $250,000.00.

 Regular Shares

When you join Lakeshore Federal Credit Union, you do so by opening a regular share account with a minimum of $5.00. This amount must remain in your account to be eligible for other services such as loans, Visa cards and more.

This is your primary savings account at the credit union. Your regular shares may also be used for overdraft transfers to your checking and can be used as security on a loan.

Now that you are a member, your immediate family can take advantage of the many benefits the credit union offers. This means your spouse, children, brothers or sisters, parents, grandparents or grandchildren, step-parents, step-children, step-brothers or step-sisters, and adoptive relationships are now eligible for membership.

Sub-Share Accounts

If you would like to maintain more than one savings account, you can do so by having sub-share accounts. You can open separate savings accounts under your base account number. If you want to keep an account for taxes, college, or any other purpose, you can do so by simply making a deposit into a sub-share account.

You can also nickname your sub-share accounts. We will set-up your accounts to indicate what you are using them for. You can name it “Bob’s bowling fund”, “Sue’s college tuition”, “2005 Taxes” or anything else you would like. We can also change the name of the account at any time if you need to.

Youth Accounts

Developing sensible saving habits at an early age can be the key to responsible financial behavior. A youth account at Lakeshore Federal Credit Union is a great way to teach kids the value of saving for their future. It’s never too early to start your children’s savings account and get them involved in handling money. The credit union makes it fun and easy.

Our Savings Safari Account is available for kids through the age of 12.

Our Tek Teen Account is for starting young adults in responsible saving habits.

Vacation Clubs

Your vacation club is a separate savings account from regular shares. It can be used for any purpose and may be deposited into and withdrawn from at any time. Dividends are earned the same as your regular share account.

Christmas Clubs

This is an ideal way to save for your holiday expenses. You are able to make deposits throughout the year for any amount at any time. This account is closed on September 30th of each year by transfer to your regular share account. Dividends are paid to the Christmas Club account before the transfer is made.


The credit offers IRA (Individual Retirement Accounts) for your convenience. There is the Traditional or Roth IRA for you to choose.

The Traditional IRA offers tax-deferred earnings and possibly tax-deductible contributions. You can contribute to a traditional IRA if you earn compensation and you will not reach age 70 1/2 by the end of the year.

With a Roth IRA, your contributions are never tax-deductible. The money in your Roth IRA, including earnings, can be withdrawn tax-free. You must conform to certain tax requirements to get this tax-free advantage. You are eligible to contribute to a Roth IRA  if you earn compensation and your income is less than the limits set by Congress.

Although our IRA accounts earn a higher dividend than regular shares,  both types of IRA’s may be put into a Certificate of Deposit to earn a higher rate of return.

Contact the credit union for more details about our IRA’s.