• Image of a smiling youth

Our Youth Savings

At Northern Lights, we understand that good habits started early in life are the ones that follow you through! That's why we have a NO fee, dividend always, Youth Savings Account for the kids in your life.

Whether just born - or until reaching 18, NLCU youth qualify for the highest savings rates!  And we make it easy for you to open a savings account for your child through NLCU.  Please call today for current rates.



Current Rate Specials

Please call for current rates! 802.748.2288 or 603.444.9964

Resources

FAQs

Yes. Your deposits are insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government.  Call customer service at 800-856-0026 for a pamphlet for more information.

You can make deposits in person or by mail. You can also make deposits conveniently through payroll deduction or Remote Deposit Capture.

If you are an immediate family member or a household family member of an existing NLCU member, you are also eligible for NLCU membership.

Immediate family members: Spouse, children, siblings, parents, grandchildren, grandparents, stepchildren, stepsiblings, stepparents and adoptive children.

Household family members: Persons living in the same residence, maintaining a single economic unit.

Provided we have all necessary documents, processing normally takes just one or two business days upon receiving your application.

No, you will need to contact customer service at 800-856-0026

Ways to Apply

You must first become a member of Northern Lights if you already are not.

The credit union makes loans without regard to race, color, religion, national origin, sex, handicap, or familial status.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

Transaction Limits

When it comes to transactions, all accounts are not created equal. There are "transaction accounts," such as share draft checking accounts, that offer unlimited transactions in virtually any form. Then there are "non-transaction accounts" that are intended to foster fewer transactions. Federal law limits the transactions that can be made on share savings and money market accounts, which fall into this category.

What are the limits?
Federal Regulation D states that you may make no more than six (6) automatic or preauthorized transfers from your share savings or money market account per calendar month or statement cycle. (The monthly limit is based on when the transaction is processed, not when the check or item was written or authorized.) If you make a combination of checks/drafts and automatic or preauthorized withdrawals, the total limit is still six.

Transaction Limits by Month Checking Savings Money Market
Deposits
     In Person unlimited unlimited unlimited
     By Transfer (i.e., direct deposit of payroll or Social Security) unlimited unlimited unlimited
     By Mail unlimited unlimited unlimited


Transfers Between Accounts at the NLCU
     In Person (or by messenger) unlimited unlimited unlimited
     At an ATM unlimited unlimited unlimited
     By Mail unlimited unlimited unlimited
     Pre-Authorized or Automatic Withdrawals unlimited six six
     By Pre-Authorized Transfer to pay a NLCU Loan (incl. Visa, Mortgage, or Credit Union fees) unlimited unlimited unlimited
     Through the Internet (CU AnyHour+) unlimited six six
     By Automated Phone System (TeleAction) unlimited six six
      By Phone Contact to a Telephone Representative unlimited six six


Transfers to Third Parties
     By Check or Share Draft unlimited n/a six
     By Debit Card/Check Card unlimited six six
     By Automated Phone System (TeleAction) unlimited six six
     By Phone Contact to a Telephone Representative unlimited six six
     By Pre-Authorized Transfer (ACH) or Automatic Transfer unlimited six n/a
     Using Bill Pay unlimited six six
     By Fax unlimited six six


Withdrawals
     In Person unlimited unlimited unlimited
     At an ATM unlimited unlimited unlimited
     Through the Internet (CU AnyHour+) with the check or share draft made payable to the member and mailed to his or her address. unlimited unlimited unlimited
     By fax with the check or share draft made payable to the member and mailed to his/her address. unlimited unlimited unlimited
     By telephone with the check or share draft made payable to the member and mailed to his/her address unlimited unlimited unlimited



*The Credit Union may require a member to give at least 7 days' notice before funds can be withdrawn - transaction restrictions as imposed by Regulation D.

Calculators


The Financial Calculators calculated values are purely estimates and are not representative of actual payment amounts. The accuracy of the results is not guaranteed. Differences between these results and results provided by your financial institutions are probably due to rounding or slight differences in the mathematical formulas and/or assumptions used.