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.

Savings Rates - Effective Wednesday, October 16, 2019
SHARE CHECKING0.000%$0.00$0.00
CHRISTMAS CLUB0.100%$0.00$0.00
VACATION SAVINGS0.100%$0.00$0.00
MONEY MARKET ACCOUNT0.000%$2,000.00$2,000.00
MONEY MARKET ACCOUNT0.950%$2,000.00$2,000.00
MONEY MARKET ACCOUNT1.010%$2,000.00$20,000.00
MONEY MARKET ACCOUNT1.160%$2,000.00$50,000.00





Certificate Rates - Effective Wednesday, April 1, 2020
Certificate TermAPYMinimum Deposit
6 MONTH CD1.510%$500.00
12 MONTH CD1.610%$500.00
18 MONTH CD1.810%$500.00
24 MONTH CD1.710%$500.00
30 MONTH CD1.760%$500.00
36 MONTH CD1.860%$500.00
48 MONTH CD1.960%$500.00
60 MONTH CD2.070%$500.00
6 MO IRA CERTIFICATE1.510%$500.00
12 MO IRA CERTIFICAT1.610%$500.00
18 MO IRA CERTIFICAT1.810%$500.00
24 MO IRA CERTIFICAT1.710%$500.00
30 MO IRA CERTIFICAT1.760%$500.00
36 MO IRA CERTIFICAT1.860%$500.00
48 MO IRA CERTIFICAT1.960%$500.00
60 MO IRA CERTIFICAT2.070%$500.00

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.

Share Certificates

The credit union offers share certificates so you can earn a higher dividend rate than the regular share account. You must deposit a minimum of $500.00 to open a share certificate.

Certificates may not be added on to during their term. Withdrawals are limited to the dividends that have been deposited to the certificate. Withdrawals that affect the original amount of the purchase will be subject to a penalty.

When your share certificate is about to mature, you will receive a notice. The certificate will automatically renew at the same term and the present rate offered at that time. You have a 10-day grace period to withdraw the funds without a penalty.

Contact the credit union office at to get the most up-to-date rates being offered on our share certificates.

Money Market Savings

The credit union now offers another way to save your money and earn more. Our new Money Market Savings may be opened with a minimum deposit of $2,000. You will receive a higher rate of return and your money is still insured so there is never any risk.

You are able to make deposits and withdrawals from this account and you are paid dividends monthly. For our super savers, with a minimum deposit of $20,000, your Money Market Savings will earn you an even higher rate of return.


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 one of our IRA specialists at the credit union for more details about our IRA’s.

*The Money Market Savings is a variable rate account.
*Withdrawals are limited to six per month.