Your membership with LorMet Community Federal Credit Union begins when you open your regular savings account. You must maintain a minimum balance of $5.00 in your savings account in order remain a member and use the products and services offered by LorMet. This interest bearing account requires a $50.00 minimum balance to earn quarterly interest.
Your deposit accounts, such as individual and joint accounts and revocable trust accounts, are insured by the National Credit Union Administration (NCUA) up to a maximum of $100,000. The NCUA insures Individual Retirement Accounts to $250,000. LorMet provides an additional savings coverage to qualifying accounts through ESI, a licensed property and casualty insurance company.
