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Savings FAQs

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Do I have to be a member to open an account?

The Credit Union is a mutual financial services organisation and as such is owned by its members, each one of whom is a shareholder. Part of the membership process is to open an account. If you would like to become an LCU member please fill out an LCU membership application form and send it back to us with the required ID.

How much do I need to deposit to open an account?

The value of the deposit required varies with each account.

How do I make deposits to my account?

You can arrange to make deposits to your account by:

  • direct credit of payroll or other income;
  • transfer from another savings or transaction account;
  • Internet or telephone banking transfer; or
  • over the counter at our branch.

Learn more about accessing your funds.

How do I make withdrawals from my account?

Accessing your money will depend on the particular features of your account. If you require more information on each facility please refer to accessing your money.

How often will I receive information on my account?

Statements are issued at least six monthly.

Account balances are available through our Internet and telephone banking services and statements are available through our Internet banking service. Learn more about accessing your funds.

  Additional information

Questions?

If you have any questions, please contact us.

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