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What’s New!

Dormant Accounts  ι   Protect Yourself Online  ι   School Program  ι   Scholarship Winner  ι   Annual Meeting  ι   ID Theft  ι   Rate Matching  ι   Share Insurance  ι   ID Protection  ι   Overdraft Privilege  ι   Money Management  ι   Debit/Credit Card Fraud  ι   eStatements  ι   Contact Information  ι   New ATMs  ι   Credit Card Access  ι   Check Fraud

Check and Verify your account is not Dormant

Lakeside Employees Credit Union
DORMANT ACCOUNTS AND UNIFORM DISPOSITION OF UNCLAIMED PROPERTY POLICY


It is the position of Lakeside Employees Credit Union to develop the member relationship so the issues of dormancy and unclaimed property are exceptions to the norm. However, when the credit union has dormant accounts and unclaimed property accounts, the Board of Directors has approved the following policy.

DORMANT ACCOUNTS
We consider an account inactive if, for more than 12 months:
  • there has been no debit or credit by the member;
  • we receive no communication from the member, and;
  • the automatic crediting of dividends or interest is the only documented activity.
Inactive accounts are reported on the credit union’s Dormancy Report which is generated monthly.

It is the policy of the credit union to monitor dormant and inactive accounts. The system generated Dormancy Report provides an up-to-the date list of dormant and inactive accounts and is reviewed monthly by a designated employee.

Once an account reaches 48 months of dormancy, a quarterly dormant account fee is assessed on the account. The dormant account fee may be found on the credit union’s fee schedule.

ABANDONED ACCOUNTS AND PROPERTY
At 60 months dormancy, the account/property is “presumed abandoned” and considered unclaimed property.

As required by the State of Tennessee Uniform Disposition of Unclaimed Personal Property, the credit union perform due diligence on the account by attempting to contact the member, following State guidelines, prior to submitting funds to the State Treasurer.

Lakeside Employees Credit Union shall follow State guidelines where the following are deemed abandoned:
  • Checking accounts
  • Savings accounts
  • Vendor/Business expense checks
  • Gift cards
  • Cashier/teller checks
  • Travelers checks
Lakeside Employees Credit Union shall submit their report of abandoned property, as defined by State statute, by May 1st of each year.

PENALTIES
Lakeside Employees Credit Union acknowledges they may be subject to fines and penalties for failure to perform reporting duties on abandoned accounts and property. It is the intent of the credit union to comply with State statutes on abandoned accounts and property.

RETENTION
Lakeside Employees Credit Union shall maintain adequate record retention as prescribed by the State of Tennessee for a period of 10 years following filing.

APPENDIX A
See Appendix A for State of Tennessee Dormancy Periods.

APPENDIX A
STATE OF TENNESSE DORMANCY PERIODS
Property Type Period
Cashier Checks 5 Years
Certified Checks 5 Years
Checking Accounts 5 Years
Savings Accounts 5 Years
Vendor Checks/Business Expense Checks 5 Years
Money Orders 7 Years
Travelers Checks 1 5 Years
Gift Certificates/Gift Cards 2 Years
All Other Property Not Listed 5 Years


TN Department of Treasury Unclaimed Property

Protect Yourself Online

For more information on how to protect yourself online please visit https://www.fcc.gov/guides/how-protect-yourself-online. You will find useful information on how to protect yourself while you are online.

Saving with Mandy and Randy

Lakeside Employees CU is sponsoring a 31 page booklet for all Second Graders in Humphreys County. Saving with Mandy and Randy was designed as a supplement that easily integrates into the core curriculum that primary teachers cover. It addresses students' competency in mathematics, economics, civics, and language arts. With this curriculum program, second grade students use the workbook provided to learn vocabulary words that are related to saving. The workbook also offers practice activities for students including coin identification, counting, adding and subtracting cents and dollars, the difference between wants and needs, the importance of saving including using saving accounts and completing a deposit ticket for a saving account. By sponsoring the program, we are reaching our children at impressionable ages. If we can help them learn good money habits right from the start and raise their level of financial responsibility, it will pay big dividends for them and the community alike.

2014 Excellence Scholarship Winner

Scholarship Winner
Pictured with Issac is Trina Patton and Rachael Baker, Employees of Lakeside Employees Credit Union.
Congratulations to Issac Forster, the winner of Lakeside Employee's Credit Union's Excellence Scholarship Award. Issac is a recent graduate from McEwen High School in McEwen, TN., he plans to attend The University of Tennessee Knoxville in the fall, majoring in Physics.

Issac is the son of Stephen and Sharon Forster of McEwen and the grandson of Thelma Crowell.

Lakeside's Scholarship Program is available to every graduating high school senior in Humphrey's County and also seniors who are credit union members.

We would like to invite everyone who lives, works, worships or goes to school in Humphrey's County to become a member and enjoy the benefits of a credit union.


Annual Meeting Winners

Click for List of Winners

What is Identity Theft?

Identity theft is a crime in which an imposter gains access to another’s personal information, such as Social security or credit card numbers, and uses them for personal gain. It might be the result of a stolen purse, stolen mail, Documents taken from trash, a data breach just like the one that happen at Target, computer virus, or telephone scam. For a small fee of $1.95 everybody in your household could be covered, that’s the cost of a family pizza over a year’s time. The$1.95 comes directly out of your checking account, contact the Credit Union today and make sure your Identity is protected.

Interest Rate Matching

Ask about our Interest Rate Matching. Bring in proof with the Interest rate and Terms that that company will give you with a signature and we can match it on all loans for qualifying Members.

Notice of Expirations of the Temporary Full NCUSIF Share Insurance Coverage for Noninterest-Bearing Transaction Accounts

By operation of federal law, beginning January 1, 2013, funds deposited in a non-interest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited share insurance coverage by the National Credit Union Administration (NCUA). Beginning January 1, 2013, all of a member’s accounts at an insured depository institution, including all non-interest-bearing transaction accounts, will be insured by the NCUSIF up to the standard maximum share insurance amount ($250,000), for each share insurance ownership category. For more information about NCUA share insurance coverage of non-interest bearing transaction accounts, visit www.ncua.gov.

ID Protection

Click to learn more about Acrobat File ID Protection and how you can protect your family.

Overdraft Privilege

Overdraft Privilege helps protect you against having your items returned in the event of an inadvertent overdraft of your account by giving you a reserve for emergencies or unexpected situations. Please see the PDF documents below for more information

Seven Steps to Better Money Management

Acrobat File Click to read

WARNING: Do not give out your debit/credit card numbers to anyone!!!!

NOTICE: In order to protect you from fraud, you may receive a phone call from Visa company (Fidelity/Falcon). Fidelity/Falcom may ask you to verify some recent purchases that you may have made. Fidelity will never ask you for your account numbers. They already have them on file. But, in order to identify you as the cardholder, they may ask to verify the last four digits of your social security number. If you are not comfortable giving out this information, please ask them if you can verify your address instead. In order to help us protect you from fraud and identity theft, please contact the credit union if you feel that you have given out vital information to anyone about your accounts.

Sign up now for Free eStatements and received your monthly or quarterly statements online through Home Banking!

Sign on your home banking under additional services you will see eStatements click on it and follow the directions. Once you sign up for this you will no longer receive monthly or quarterly statements by mail.

Please make sure your e-mail address is correct before signing up.

Sign up now for Free eStatements

Update Contact Information

We value your membership very much and would like to be able to contact you about new products and services that we will be offering in the future. Please remember to keep us informed of any changes in your status such as address, phone, employment, etc…. Check out our downloadable status change form to make this process more convenient for you.

New ATMs in Humphreys County for YOUR Convenience

Acrobat File Click here for locations!

VISA
Sign-up for eZcardInfo
from our website today.

Online Credit Card Account Access

Did you know that you can view your credit card account from this website!

Protect your checks from fraud!

At Lakeside Employees Credit Union we take every precaution to protect your account and your checks from fraud. Your checks are printed on paper with embedded security features to protect them against alteration and counterfeiting, and precautions are taken in the handling and delivery of your checks.

You can make a difference. Take action to prevent criminals from getting their hands on your checks and to safeguard your check’s integrity:

DO
  • Make the post office box your choice for outgoing mail, rather than your home mailbox.
  • Treat your deposit slip as if it were a check. Remember, your account number is printed on deposit slips.
  • Check your statements carefully against your check register. Duplicate checks may prove helpful by providing you with a record of every check you write.
  • Avoid writing checks with pencil or erasable ink.
  • Print, don’t sign, your name when writing your return address on envelopes. A signature on the envelope can be copied and forged.
  • Report lost or stolen checks and lost or stolen debit cards immediately.

DON'T
  • Don’t give your account number over the phone to anyone you don’t know.
  • Don’t include your driver’s license number or Social Security number on your checks.
  • Don’t write your credit card number on your check.
  • Don’t leave large, blank spaces in the check box or the amount line. Start the written dollar amounts as far to the left as possible. Draw a line between the cents value and the right side of the dollar line.



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