Share Account / Savings

“Share Account” is Credit Union terminology for what banks refer to as a savings account.

All members of LOMTO FCU must have a Regular Share Account with a minimum balance of $25.00. Dividends are declared on a Quarterly basis by the Credit Union Board of Directors after each period. Dividends are based on applying the daily periodic rate to any balance in the account greater than $500 each day.


All accounts are insured to at least $250,000 by The National Credit Union Administration. Calculate the amount of your insured funds on the NCUA website.

The National Credit Union Share Insurance Fund is the federal fund created by Congress in 1970 to insure member’s deposits in credit unions up to the $250,000 federal limit. IRAs are also insured up to $250,000. Administered by the National Credit Union Administration (NCUA), the NCUSIF is backed by the “full faith and credit” of the U.S. Government.