Shares & Draft Accounts
Share & Draft Accounts offers the savings and convenience you need in managing your daily financial affairs.
Indiana Lakes has many low cost loan options and lines of credit that can meet your needs and budget. We also offer local people and make local decisions, which is good for you! Ask us about refinancing your existing loans with another institution. Take a look at the choices here and contact us to learn more, or apply for a loan online today. Mortgage applications must be made in person. All loans are subject to credit approval and rates are based upon credit score.
Regular Share/Savings Account:
The first account you open when joining is a savings (share) account. We call it a “Share” account because as a cooperative financial institution, you become a member-owner when you join.
- Minimum balance is just $5
- Dividends compounded and paid monthly
- No per item transaction fee
- No withdrawal penalty
Debit Cards:
Debit Cards work like a credit card and ATM card rolled into one. They offer the convenience of credit card while giving the freedom of ATM cards. When you pay with a debit card, the money comes out of your checking account. Also, you can use debit cards at ATMs to get cash.
Share Draft/Checking Account:
In today’s world of high bank fees, it’s time to open a checking (draft) account at Indiana Lakes FCU and take advantage of the low and no cost services highlighted below.
- No monthly service charge
- No minimum balance
- Low cost duplicate style checks
- MasterCard Debit Card available at no charge
- Overdraft protection
- Dividends earned on balances
- Unlimited check writing
- Duplicate copy checks
- No transfer fees
- Reorder Check Online
Our Checking (Share Draft) Account, offers the savings and convenience you need in managing your daily financial affairs. To open an Indiana Lakes FCU Checking Account, simply complete the on-line application and return it with your membership application and initial Share Savings Account deposit. Be sure to include an initial deposit of at least $25 for your Checking Account, as well.
Money Market Accounts:
Earn higher rates and retain availability to your money. You’ll also enjoy better availability to your money than in a Share Certificate. Minimum balance is $2,500 and rate increases at $25,000. Three withdrawals per month with $10 excessive withdrawal fee.
Christmas Club Savings:
Deposits can be made in any amount through payroll deduction, ILFCU Home Banking, or over the counter. Christmas Club Accounts earn dividends and are transferred to your regular savings account the first week of November each year.
Vacation Club Accounts:
Save for your vacation while earning dividends. Members may withdraw from this account at any time without penalty. No minimum balance is required. Vacation Club Accounts earn dividends and are transferred to your regular savings account the first week of June each year.
Other Account Services:
NSF Text Alerts – Important Texts For You Convenience
Direct Deposits – The Automatic – Convenient – Confidential Way to Save Time and Money!