Agriculture Accounts

Agriculture has been a part of Luseland Credit Union since the Credit Union began. We continue to maintain a zero service charge environment for cheque writing, deposits, point of sale purchases, and ATM withdrawls. This allows the Credit Union to keep the number of types of accounts at a lower level, making it much simpler to do your banking. There is no need for a member to hold multiple accounts when there are no service charges.

Please scroll down to see a full list of agriculture accounts.

Chequing

LCU Regular Savings accounts are flexible and service charge free, a simple way to save for all your farming needs.

Interest is calculated on the minimum monthly balance and is paid annually on December 31. There is a 2 day grace period when calculating the minimum monthly balance and as such deposits made on the 2nd of any month will qualify for interest in that month. All interest earned on Regular Savings is eligible for the patronage payment.

Regular Savings

LCU Regular Savings accounts are flexible and service charge free, a simple way to save for all your farming needs.

  • Interest is calculated on the minimum monthly balance and is paid annually on December 31.
  • There is a 2 day grace period when calculating the minimum monthly balance and as such deposits made on the 2nd of any month will qualify for interest in that month.
  • All interest earned on Regular Savings is eligible for the patronage payment.
Plan 24 Savings

Plan 24 savings accounts are a good choice for short term savings. When you have a sum of money and you have a farming bill to pay in less than 30 days, this is the account for you.

  • The Plan 24 account accrues interest on a daily basis.
  • Interest is paid monthly at month end.
  • All interest earned on Plan 24 accounts is eligible for the patronage payment.
Agri-Invest Savings

Agri-Invest is a federal–provincial-territorial initiative implemented as a business risk management program to help the agricultural sector manage risks and improve market income.

  • Producers who are eligible for the program will receive their deposit information from Agriculture and Agri-Food Canada.
  • LCU Agri-Invest accounts calculate interest on the minimum monthly balance.
  • Interest is paid annually on December 31.
  • Statements are produced monthly.
  • Government matched funds are deposited directly into the account.