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Savings Accounts
Share Accounts
Christmas Club Accounts
Vacation Club Accounts
Time Share Certificates
QWIKCASH ATM Card
Share Draft Accounts
Checking Accounts
VISA Debit Cards
Lending Products
Automobile Loans-New & Used with up to 100% financing
Switch-A-Loan Specials
Unsecured Loans
Share (savings) Secured loans
Co-Maker Loans
Seasonal Loans
Education (Tuition) Loans
Home Mortgage Loans
Home Equity Loans up to $50,000
VISA Credit Cards
Loan Calculator
Additional Services
Free Online Bill Pay
Member CONNECT Insurance Products
Central Audio Response System
Direct Deposit/Payroll Deduction
Night Depository
Visa Gift Cards
Wire Transfer Service
Electronic Tax Refund Filing
Theme Park Discounts
Loan Calculator
Keep The Credit Union Spirit Alive
Make Louisiana Central your financial Institution of choice.
Take advantage of the many opportunities available to members and $ave, $ave, $ave!
Share Accounts
To become a member of the Louisiana Central credit union, you open a share account and submit a onetime membership fee of $5.00. This new member fee may be remitted through payroll deduction/direct deposit, over the counter, night deposit, or by mail. Deposits may be made at any time and in any amount. Members are allowed to make one lobby withdrawal a month, unless the share balance is over $500. A fee will be imposed for excessive withdrawals. Members who choose to use the automated system or on-line banking can make as many withdrawals as needed. Dividends are calculated on average daily balances credited and compounded quarterly, at a rate set by the Board of Directors. A $25 share balance must be maintained at all times to receive full membership privileges. The credit union will charge the following fees for share accounts:
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Reopen fee of $10.00 per occurrence
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Excessive withdrawal fee $10.00 per occurrence
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$10.00 charge per withdrawal if member draws account below minimum $25 balance
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Deposited item return fee $25.00 per occurrence
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Statement Copy fee $3.00 per copy
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Return mail fee $5.00 per occurrence/$2.00 charge for forwarded mail
Christmas Club Accounts
This year round savings account is designed to help members save for the holiday season. It runs from November 1st through October 31st. On November 1st the credit union will automatically deposit the balance into the member’s share account. Deposits may be made at any time through payroll deduction/direct deposit, over the counter, night deposit, or by mail. Please note that there is a $10.00 fee imposed for early withdrawal. This account also pays an annual dividend set by the board.
Vacation Club Accounts
Our vacation club account is very similar to our other club account except members are entitled to limited access. Two withdrawals are permitted in a calendar year, more than two will incur a $10.00 penalty. This account also pays an annual dividend set by the board.
Time Share Certificates
Six month Time Share Certificates are available.
Minimum deposit of $1,000 required to open a Time Share Certificate.
ATM Cards
ATM Cards provide members with quick access to their cash anytime—day or night. It can be used at any ATMs carrying the PULSE Logo. The credit union does not own its own machines therefore you may be charged a fee by the ATM operator. The credit union will charge the following fees:
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$5.00 new card fee
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$.50 charge for all ATM withdrawals
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Replacement card fee of $10.00 per card
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Non-Sufficient funds fee of $25.00
Share Draft Account
With an initial deposit of only $50 and a minimum share balance of $25 members can open a credit union checking account which provides you with a carbonless copy with every check written as well as a monthly statement. With net pay deposit or a $300 daily minimum balance, there is no monthly service fee. Members can elect to have overdraft protection on their account. The share draft account pays an annual dividend set by the Board. The first box of checks ordered is available at a discounted price. The credit union will charge the following fees for your share draft account:
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Overdraft Protection fee $5.00 per occurrence
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Return item fee $25.00 per item
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Photocopy of paid draft $3.00 per copy
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Stop Payment fee $20.00 per request
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Duplicate Statement copy fee $3.00 per month
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Statement reconciliation fee $10.00 per hour
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Deposited item return fee $25.00 per occurrence
Debit/VISA Check Card
Our Debit/VISA Check card provides members with access to their checking and savings accounts and can be used anywhere the VISA logo is displayed. With our card, members have free Point of Sale purchase power and cash back options around the world. Members will also have the option to order goods or services by mail or telephone from places that accept VISA. Members my purchase up to a maximum of $1,500.00 per day and withdraw up to $500.00 in any one day from an ATM machine. The credit union does not own its own ATM machines therefore you may be charged a fee by the ATM operator. The credit union will charge the following fees:
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$.50 charge for all ATM withdrawals
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$10.00 replacement card fee
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$25.00 non-sufficient funds fee
All members will be charged a non-refundable loan processing fee when applying for any type of loan. For Home Equity Loans the fee is $25.00. For all other loans the fee is $10.00 ($15.00 Joint).
Home Mortgage Loans
Louisiana Central’s first mortgage real estate lending program is designed with you in mind. Whether you are a First-time home buyer, refinancing an existing loan or need a construction loan we have a Select Loan Program to meet your need and budget.
The Web Mortgage Lending Process is easy and fast. Just select the type of loan you want, answer some questions online and then you can decide on the best type of loan for your personal circumstances.
We can provide you a variety of loan options based on: Your monthly income, how much you owe, how much you want to spend on your new house, or if you're refinancing, how much do you still owe, how much you have to put down, how long you're planning to stay in your new home, and how much flexibility you have with your monthly payments.
To apply for your Home Mortgage Loan, click on the following link.
http://www.ezonlineapp.com/default.asp?siteId=830F8A52-60F2-4752-B681-C068A355660E
Home Equity Closed-End Loans
The Smart Way to Borrow: The probability is that your home is worth more now than when you purchased it. The difference between this increased value and your present mortgage can represent instant cash to you. Loans For Any Purpose: Whatever your reason for needing a loan — tuition, bills, a new car, or a vacation — home equity loans are an increasingly popular way to borrow. Tax Deductible Interest: While interest deductions for personal loans have been eliminated, interest on home equity loans may still be deductible on your tax return. Consult a tax advisor regarding the deductibility of interest. Call Today! Since interest rates are low, this is one of the best times to apply for a Home Equity Loan!
Unsecured Loans
An unsecured loan requires no collateral and can be used for your personal needs such as household appliances, furniture, weekend getaways and bill consolidation.
Automobile Loans
Car loans are available year-round for new and used vehicles. Members can finance up to 100% of the loan which, can include tax, title, & license. Loans are structured at fixed rates with repayment schedules up to 60 months on used vehicles and 72 months on new vehicles. All loans are based upon credit worthiness of applicant.
Switch-A-Loan
Switch your loan (s) to Louisiana Central. You can lower your rate and have no payments for up to 50 days. Our Great Rates and Terrific terms are designed to save you money.
Seasonal Loans are for Any Season, Any Reason and are available to members anytime during the year, every year. Many members take advantage of this loan. It is a great way to get cash for any purpose. Seasonal loans have a maximum maturity of 12 months with a loan limit of $2,000.00.
Share Secured Loans
A share secured loan fully secures a members loan, dollar for dollarfor any purpose until the loan is paid.
Co-Maker Loans
This type of loan is often used by members who may need to obtain a co-maker(s) for security on a loan. This loan product is quite often used by members attempting to establish credit for the first time or to re-establish credit.
Education Loans
This loan is to help fund tuition expenses for grades K thru 12. With approved credit this loan is issued in the amount of the annual tuition and can be repaid in 10 or 12 months.
VISA Credit Cards
Members may apply for our Platinum VISA or Share-secured VISA card. We offer a low annual percentage rate credit card with a 25-day grace period on purchases and there is no annual fee. Transfer balances from other cards to our VISA CARD today and save. There is "no fee" for balance transfers. Members have access to cash at any financial institution or ATM machine displaying the VISA logo. Apply for your LCCU VISA CARD today and start saving.
FREE ONLINE BILL PAY
This new service is free, easy, convenient and secure. Members can pay their bills online 24 Hours a day, 365 Days a year from anywhere in the world, day or night.
MemberConnect Insurance Products
CUNA Mutual will offer credit union members affordable rates on home, life, health, or car insurance. Members may log onto members.cunamutual.com or call (800) 356-6006 for quotes or further information.
C.A.R.S.
(Central Audio Response System)
This system allows members 24-hour access to their accounts providing the freedom to conduct a number of transactions from home or the office. Members can check account balances, review check clearings, make transfers, and request withdrawals. Members will need there member number and audio identification number to access their account.
Direct Deposit/Payroll Deduction
Direct Deposit/Payroll deduction is a free and easy way to save, or pay your credit union loan on time every month. You will save the time normally taken to write a check, address an envelope and postage to mail the deposit.
Night Depository
For your convenience the credit union has a night deposit box where you may drop off payments or deposits before and after hours.
Visa Gift Card
Gift Giving Made Easy. Give a gift that’s always the right style, the right color, the right choice. A Gift Card is always the perfect gift for any occasion. This Gift Card is accepted at merchant locations where debit cards are accepted…at stores, by phone, and online. Get one today!
Wire Transfers
The credit union offers wire transfers to all members. The credit union will charge the following fees:
- Western Union $17.50
- Bank Wire Outgoing $20.00
- Bank Wire Outgoing International $35.00
- Incoming Bank Wire $5.00
Electronic Tax Filing
Members can file their prepared Federal Tax Return electronicallywith the credit union. Bring your prepared tax return (s) to the Credit Union at your earliest convenience.
The following fees apply:
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Federal $25.00
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State $10.00
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Federal & State $30.00
Theme Park Discounts
Blue Bayou/Dixieland Theme Park discounted tickets
are available at your Credit Union.
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