FAQs

Here are a few Frequently Asked Questions we hear from our members at Land of Lincoln Credit Union. If you have any specific questions that are not addressed here, please contact us.

What is the difference between a bank and a credit union? 
Land of Lincoln Credit Union is a not-for-profit, cooperative financial institution where you’re the boss! The directives that guide how Land of Lincoln Credit Union meets your banking needs come from members like you - not from some Board of Directors across the country. We’re locally-owned and have served the needs of Central Illinois for over 60 years. While banks are trying to maximize their profits, Land of Lincoln Credit Union’s earnings are returned to the members in the form of additional services, higher dividends on savings, and lower loan rates. And remember - once a member, always a member. Once you join, you’re a member for life.
  
How long has Land of Lincoln Credit Union been in business?
Land of Lincoln Credit Union has been in business for over 60 years. We have been serving Central Illinois since 1947. 

How do I join Land of Lincoln Credit Union?
You can join Land of Lincoln Credit Union by visiting one of our branches or by downloading our Membership Application and mailing it with your $25 check to Land of Lincoln Credit Union, P.O. Box 3310, Decatur, IL 62524. 
   
What is a Membership Shares Account and why do I need to open one?
A Membership Shares Account is your savings account. By opening a Membership Shares Account, you are able to maintain your membership and enjoy all the benefits of Land of Lincoln Credit Union. 
  
Why do I have to keep $25 in my savings account to maintain my membership?
The $25 you place in your Membership Shares Account guarantees your membership in Land of Lincoln Credit Union. While you must keep the $25 in your account to maintain your membership, the $25 is not a fee. The money remains yours after you close your account with LLCU. 
  
What is ChexSystems? 
ChexSystems is a new account screening system designed to check your past banking experiences for excessive NSF activity, check kiting, and/or fraud. All accounts are processed through ChexSystems before they are opened. 
  
Do I have to order my checks for my checking account through LLCU?
No, you do not have to order your checks through Land of Lincoln Credit Union. You may order your checks through any company you wish. LLCU does offer our members the ability to order checks through Harland©. 
   
Can my family members join Land of Lincoln Credit Union?
Yes, if you are a member, many of your family members can join Land of Lincoln Credit Union. To see which family members can join click here
  
Where is LLCU located?
Land of Lincoln Credit Union has branches in Decatur, Effingham, Mattoon, Pana and Vandalia. Click here for the Land of Lincoln Credit Union locations. Click here for ATM locations.  
  
What are the fees associated with LLCU membership?
Land of Lincoln Credit Union has a variety of fees for products and services. Click here for more information on our fees. 

If my requirements for membership change, can I still be a member of LLCU? 
Yes - if you move or change jobs, you can still be a member of Land of Lincoln Credit Union. Remember - once you become a member, you're a member for life.
   
Are my funds insured?
Depending on your situation and how you set up your accounts, most of your accounts are federally insured by the NCUA and ESI for up to $500,000. For more information on how much your funds are insured, please contact a Member Service Representative at 217-875-3823 or 800-759-8390 for details. 
 
Can I have my paycheck directly deposited from my employer? 
Possibly. You will have to check with your employer to find out more information.

I understand I can vote on various credit union issues - Where and when do I need to do this?
If you have given your proxy vote to the Board of Directors, you do not need to vote. However, if you would like to vote on various issues concerning the credit union, we hold an Annual Membership meeting every year in the spring. Notification of this meeting is presented in our quarterly newsletter as well as in our branches.