How to Open an Account

Accounts are opened in person, in the branch, with a minimum of 45 minutes before closing time.

TYPES OF ACCOUNTS:

SHARE (SAVINGS) ACCOUNT:

You need two pieces of identification:

  • A valid, US Government issued, non-expired photo ID
  • A post-marked piece of mail that matches the address on your ID, such as a utility bill

You also need to know your Social Security number.

 

CUSTODIAL ACCOUNTS

Identification Needed:

  • Child’s Social Security Card (not a copy)
  • Child’s Birth Certificate or a copy of the Birth Certificate

The Custodian needs to be a member.

 

ESTATE ACCOUNT

Documents Needed:

  • Tax ID Number
  • Small Estates Affidavit or Court Order
  • Certified Copy of Death Certificate

 

TRUST ACCOUNT

Specific documents are needed to retitle the accounts.  Please call us at 847.455.8440 for information.

 

ORGANIZATION ACCOUNT

Items Needed:

  • Tax ID Number
  • Internal forms to be completed upon opening

 

Please call LCU and ask for a Financial Services Representative for more details.

 

We have changed our procedures for establishing membership in accordance with the USA Patriot Act – effective October, 2002. These new regulations help our country combat terrorism and protect our members against identity theft. Under the USA Patriot Act, financial institutions are required to retain and maintain a copy of a valid government issued ID and to verify identity prior to opening most types of accounts. Your cooperation in helping us meet these Federal requirements is appreciated.

2701 N 25th Avenue Franklin Park, IL 60131 Call 847-455-8440 Fax 847-455-1245 Contact Us