Personal Accounts
- Deposit of $30 required to open the account.
- Must be 18 to have a checking account on your own or at age 16 with an adult.
- No monthly maintenance or transaction charges
- No minimum balance
- Funds automatically transferred from savings -$2 fee per process
- Earn dividends on balances over $500
- Overdraft protection line of credit available -see loan tab for details.
All accounts are federally insured to $250,000 by NCUA, National Credit Union Administration, a US Government Agency.
- Debit card is tied to checking at a cost of $5.00 per card issued.
- Cards have a daily limit for purchases and/or cash transactions
- Can be used anywhere VISA is accepted
- Get cash as an ATM. TLFCU does not charge fees, but you may be assessed a surcharge from some ATMs.
- Must be 18 to be issued a debit card (can be issued at 16 with an adult).
- Should you lose or misplace your debit card or checkbook, call us immediately at 507-377-1863 to report what's missing. Our staff will be happy to help you.
- If after hours call Shazam lost or stolen card support at 1-800-383-8000.
Share Savings
- All members must have a savings account and maintain a minimum balance of $20.
- Competitive dividends are paid quarterly on balances of $300 or more.
- Deposits can be made conveniently in person, through payroll deduction, by mail, through ACH and direct deposit.
- Having a share account represents your share of ownership in the credit union.
Preferred/Special Shares
- If your saving with a specific goal in mind, we can open a Preferred/Special sub-savings account to enable you to easily monitor your progress.
- Maintain a balance higher than $2,500 and earn higher dividends without locking into a term.
- Maintain a balance higher than $20,000 and earn even more dividends.
- Interest rate reverts to rate of regular shares if balance falls between $300 and $2,500
- Established for members of younger years.
- Funds are not available for withdrawal until minor reaches the age of 18.
- Dividends are paid quarterly on balances of $50 or more.
- Account is a sub-savings to a regular share of the credit union.
All accounts are federally insured to $250,000 by NCUA, National Credit Union Administration, a US Government Agency.
- The best gift you can give to yourself!
- Make the holidays much more enjoyable when you are financially prepared.
- Deposits can be made through payroll deduction or by other deposits throughout the year.
- Funds are available on October 1st so you can get a jump on holiday shopping.
- Early withdrawals are subject to a penalty fee.
All accounts are federally insured to $250,000 by NCUA, National Credit Union Administration, a US Government Agency.
- Add to your retirement plan by putting funds into an IRA through payroll deposit each week.
- Both Traditional and Roth IRAs are available.
- Tax benefits -consult with your tax advisor to determine which IRA works best for you.
- Term certificates are available at 12, 24, 36 and 60 months. See current rates or call the credit union.
All accounts are federally insured to $250,000 by NCUA, National Credit Union Administration, a US Government Agency.
- Fixed rate of interest for the entire term of the investment.
- Insured by NCUA for up to $250,000 per depositor.
- Typically pays a higher rate of interest than a savings or preferred account.
- Terms range from 6 months to 24 months.
- Dividends are compounded daily and paid at maturity.
All accounts are federally insured to $250,000 by NCUA, National Credit Union Administration, a US Government Agency.