Where saving starts — and membership begins.
Member Savings is the account that opens the door to everything LMCU offers, starting with just $5.
One account. Unlimited goals.
With Member Savings, you can organize a personal savings account into separate sub-savings accounts for vacations, holidays, education, emergencies, and anything worth saving for. Easy peasy.
Save for anything
Create sub-savings accounts for every goal: vacation, holidays, education, or a rainy day, and earn up to 0.25% while you're at it.1
Access anytime
Your money is there when you need it: online, in the app,2 or at any LMCU branch. Anytime.
Easy to open
Open with $5. Keep a $300 daily balance to waive the monthly fee.3 NCUA insured up to $250,000.
Why Member Savings?
When you open a Member Savings account, you’re not just opening an account — you’re becoming an owner. That’s how credit unions work. Your $5 deposit gives you a share in LMCU, alongside more than 665,000 members who are already banking, borrowing, and building with us.
Savings Goal Calculator
See how quickly your savings can add up when you save with a purpose.
FAQs for Member Savings
Member Savings is your gateway to everything LMCU offers. It gives you a credit union savings account you can organize into separate sub-savings accounts for any goal: vacation, holidays, education, unexpected expenses. Earn interest on balances of $100 or more, access your funds anytime, and keep it all federally insured by the NCUA up to $250,000.
Because at a credit union, you’re not just a customer — you’re an owner. When you open a Member Savings account and make your initial $5 deposit, you’re buying a “share” in LMCU. That share makes you a member-owner, which is why every LMCU member has a Member Savings account.
You can open a Member Savings account online or in person at any LMCU branch. All it takes is a $5 opening deposit.
There are a few easy ways: maintain a $300 daily average balance, be a primary member under 24 years of age, have direct deposit coming into the account, reach VIP Status, or have other LMCU accounts such as a checking account, loan, or CD under the same membership.
If Member Savings is your only account, you’ll receive quarterly statements. If your account has any electronic transactions such as ATM withdrawals or ACH transfers, you’ll receive monthly statements instead.
LMCU has branches across Michigan and Florida (52 in Michigan and 23 in Western Florida), plus easy online account opening at lmcu.org. Whether you’re around the corner or across the state, opening a credit union savings account near you takes just a few minutes.
Sometimes our members say it best.
See what people are saying about Lake Michigan Credit Union.
One membership. A lot of possibilities.
Disclosures
Rate as of 07/20/26 and subject to change after account opening. $100 minimum balance required to earn interest. Fees may reduce earnings.
Third party internet/mobile/data fees may apply.
Monthly $5 Non-Relationship Fee applied on accounts with only Member Savings. Fee waived if: account has a minimum daily balance of $300; primary member is 23 years old or younger; or account has direct deposit.
All featured LMCU members were compensated for their time.
