Holiday Account

The Holiday account is designed to help members save money for Christmas and other holiday expenses such as gifts and travel. The member can open a Christmas/Holiday account at any time with a deposit, and can continue making deposits until the end of October.

No risk - Your deposits are insured up to a maximum of $250,000, through the National Credit Union Administration (NCUA), a U.S. government agency.

Earn interest - You will earn interest on the money you deposit with LCCU. These are earnings you receive each month for depositing your money at LCCU.

Access to other financial services - Opening this basic account will allow you to enjoy other LCCU products.

Saving a small amount every week will add up to a lot by the end of the year for things such as college tuition, a downpayment for a car or home, a vacation, retirement, etc.

What do I need to open a Savings Account?

To use Latino Community Credit Union’s services you must first become a member.

To become a member, you will need to:

• Present a government issued photo identification card from any country
• Open a savings account with the minimum deposit
• Become a member of the Latino Community Development Center, a non-profit organization whose mission is to provide financial education to the Latino community
• The Savings account earns interest, so you will need a Social Security Number (SSN) or an Individual Tax Identification Number (ITIN) to pay taxes in the United States. If you don’t have an ITIN number, you can open a temporary account while you get an ITIN. Any of our representatives can help you apply for an ITIN.

Can I take out my money whenever I want?

Withdrawals are not permitted from this account. All funds in the Christmas/Holiday account will be automatically transferred to an account chosen by the member on the last business day of October.

All accounts are federally insured up to $100,000 through the National Credit Union Administration (NCUA).