Basic Passbook or Statement Share Account

Simple savings solution - choose a passbook or statement account.

  • $5.00 minimum deposit
  • Includes Online Banking and Bill Payer access.
  • Includes eStatement processing.
  • Includes Debit Card through SUM Program with REWARDS Score Card.
  • ATM Card also available.

Effective Date: Saturday, February 16, 2019

APY: Annual Percentage Yield / Fees may reduce earnings on the account.

ATM Card also available.

Advantage Statement Share Account

Higher account balances provide you with an increased dividend rate.

  • $50,000 minimum deposit - balances below this minimum assessed a $25.00 monthly service charge
  • Requires e-statement account processing. Advantage Share Account requires an ACTIVE share draft account.
  • Includes FREE Online Banking and Bill Payer access.
  • Requires FREE eStatement processing. FREE Debit Card through SUM Program with REWARDS Score Card.

Effective Date: Saturday, February 16, 2019

*APY: Annual Percentage Yield / Fees may reduce earnings on the account.

Requires e-statement account processing. Advantage Share Account requires an ACTIVE share draft account.

Balances below $50,000.00 are assessed a $25.00 monthly service charge.

Includes FREE Online Banking and Bill Payer access.

Requires FREE eStatement processing. FREE Debit Card through SUM Program with REWARDS Score Card.

Solar Statement Share Account

Save the environment by using less paper. 

  • $5.00 minimum deposit
  • Includes Online Banking and Bill Payer access.
  • Requires eStatement processing.

Effective Date: Saturday, February 16, 2019

Credit Builder Statement Share Account

Secured funds are retained as collateral for the life of the Credit Builder loan, helping you to establish or reestablish credit.

  • $500 minimum deposit
  • Credit Builder loan secured funds are retained as collateral for the life of the Credit Builder loan. Loan secured funds are released upon the successful completion of the loan terms and regular timely payments

Effective Date: Saturday, February 16, 2019

*APY: Annual Percentage Yield. Fees may reduce earnings on accounts. Minimum balance will earn APY. Rate may change after account opening.

Credit Builder loan secured funds are retained as collateral for the life of the Credit Builder loan; loan secured funds are released upon successful completion of the loan terms and regular timely payment.

Savings Is Fun Statement Share Account

A savings option designed for our younger savers.

  • $5.00 initial deposit
  • Account automatically converts to a L-U-S-O Statement Share Account when account holder reaches age 12.

Effective Date: Saturday, February 16, 2019

*APY: Annual Percentage Yield. Fees may reduce earnings on the account.

L-U-S-O Statement Share Account

This account offers increased financial flexibility for students entering middle school or higher grades.

  • $5.00 minimum deposit Requires eSatement processing*
  • Access to surcharge-free SUM® and MoneyPass® ATMs
  • FREE Mobile Banking with Mobile Deposit**

* Student accounts are excluded from this requirement.

**Age qualification applies.

Effective Date: Saturday, February 16, 2019

*APY: Annual Percentage Yield / Fees may reduce earnings on the account. 

Requires e-statement account processing. School banking accounts are excluded from this requirement.

Age qualification applies.

IRA Statement Share Account

Complement your retirement savings plan.

  • $5.00 minimum deposit
  • Interest withdrawals are penalty-free
  • Annual contribution limits apply
  • $500 minimum balance to earn dividends

Effective Date: Saturday, February 16, 2019

*APY: Annual Percentage Yield. Fees may reduce earnings on the account.

Annual contribution limits apply.

Interest withdrawals are penalty free.

Club Accounts

Set money aside for the holidays, vacations, or other life expenses.

  • $1.00 minimum deposit
  • Set your weekly savings amount
  • Holiday club accounts may be opened annually from mid-October to December 31.

Effective Date: Saturday, February 16, 2019

*APY: Annual Percentage Yield. Fees may reduce earnings on the account.

For holiday club accounts, withdrawals prior to the end of the club year may result in account closure by LUSO.