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Your savings account is the cornerstone of your LAFCU membership.

Open your account by purchasing 5 shares (equal to $5), and you become part owner of LAFCU--with all the benefits of membership, including voting privileges at our annual meeting.

Your savings account earns monthly dividends, and deposits may be made via Direct Deposit or payroll deduction. $100 minimum balance required to earn dividends unless under 18 years of age.

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Holiday Club

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Save throughout the year for holiday shopping.

Easy and convenient -- make deposits automatically via Direct Deposit or payroll deduction, and your funds earn monthly dividends. Your holiday savings automatically transfer on October 31 to the account you designate.

LAFCU reserves the right to close the Holiday Club Account if numerous withdrawals are requested.

HSA (Health Savings Account)

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Your Health Savings Can Help You When You Really Need It.

Health Savings Account (HSAs) are special savings plans that eligible individuals to receive tax advantages for saving qualified medical expenses. If you have a High Deductible Health Plan (HDHP), you may be eligible for an HSA.


HSA Benefits:
•    HSA contributions are tax deductible – whether made by you, your employer, or others on your behalf.
•    Earnings on your HSA are tax-deferred –and HSA assets used for qualified medical expenses are never taxed.
•    The funds in you HSA roll over from year to year – no need to worry about using the funds by year-end.


LAFCU makes it easy and convenient:
When you open an HSA at LAFCU, you have options. That means greater flexibility, easier access, and maximum convenience.
•    HSA Checking Account - No minimum balance; easy access by check or debit card.
•    HSA Savings Account - No minimum balance; access with debit or funds transfer to checking account.
•    HSA Money Market Account - No minimum balance requirement.
•    HSA Certificate - Choose from a variety of terms for maximum flexibility.


Our Experts Are Here to Help!

Not sure if an HSA is right for you? We'll walk you through the details, including eligibility and contribution guidelines, and help you weigh your options.

Talk to us today @ 517.622.6600

Planet M Club (to age 12)

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Planet M is LAFCU's savings program for children ages 4-12, designed to help you begin your child's journey into the world of saving money. Planet M features fun space characters to help your child -- or any child up to 12 years of age -- learn the value of money and the rewards of saving.

As a member of Planet M, you receive special benefits:

•    Open a savings account and receive a piggy bank.
•    Planet M membership card Space Passport - receive a sticker for every deposit you make.   
      Collect 10 stickers and choose a gift from the Planet M treasure chest.

•    On your birthday, choose a birthday gift from the treasure chest.
•    A quarterly newsletter filled with fun activities and savings tips.

•    Submit a Planet M Story you'd like to share


How Can I Join the Club?
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Drop off the completed application at any of our six locations.

Special Savings Club

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Set aside savings for a special purpose.

A family vacation, a downpayment on a home, the kids' educations, are just a few of the many things you might want to save for. Like our regular savings account, a special savings account pays monthly dividends on accounts with a balance over $100, and you may make deposits through Direct Deposit or payroll deduction.