Landmark Credit Union
Fees
Minimum Deposit
Our Rating
APY Savings
Table Of Content
Banking Services | Credit Options | ||
|---|---|---|---|
Savings Accounts | Mortgage | ||
Checking Accounts | Government Mortgage | ||
CDs | Credit Cards | ||
Money Market Account | Debit Card | ||
Investing Capabilities | Personal Loans |
Pros and Cons
Here are the main pros and cons of Lanmark credit union
Pros | Cons |
|---|---|
High Rates On Long Term Certificates | Low Short Term Certificate Rates |
Various Financial Products | Low Savings Rates |
Rewards And Interest Bearing Checking Options | Limited Locations |
Exstensive ATM Network |
- High Rates On Long Term Certificates
Landmark Credit Union offers competitive rates on long-term certificates, which can help you earn more on your savings over time.
- Various Financial Products
They provide a wide range of financial products, giving you options to meet different financial needs.
- Rewards And Interest Bearing Checking Options
Landmark offers checking accounts that come with rewards and interest-bearing features, potentially helping you earn while managing your daily finances.
- Exstensive ATM Network
Their extensive ATM network ensures convenient access to cash and account services at multiple locations.
- Low Short Term Certificate Rates
Landmark's short-term certificate rates may be less competitive, potentially resulting in lower earnings for shorter-term savings goals.
- Low Savings Rates
The savings rates at Landmark may be relatively low, which could limit the growth of your savings compared to other financial institutions.
- Limited Locations
Landmark Credit Union has a limited number of physical branch locations, which may not be convenient for individuals who prefer in-person banking or who live outside their service area.
Top Offers From Our Partners
Top Offers From Our Partners
Savings Account
Landmark offers the VIP savings account from Landmark but the rate is low – only 0.05% APY. The minimum deposit is $5 and there are no monthly fees.
Landmark Credit Union Savings | |
|---|---|
Savings APY | 0.05% |
Savings Fees | $0 |
Minimum Deposit | $5 |
Moreover, Landmark is backed by federal insurance from the NCUA, providing peace of mind as your funds are safeguarded, with coverage extending up to $250,000 per account owner.
Money Market Account
The Landmark Signature Money Market account offers tiered interest rates and flexibility for accessing your funds.
It adjusts its rates based on your account balance, allowing you to maximize your returns as your balance grows and move to different account tiers. You can open this account at Landmark's branch locations or apply online for convenience.
MMA Deposit | APY |
|---|---|
$ 0 – $49,999.99 | 0.10% |
$50,000 – $74,999.99
| 2.90% |
$75,000 – $99,999.99
| 3.00% |
$100,000 or more
| 3.15% |
Landmark Credit Union Certificates
Landmark offers high-rate certificate accounts with terms ranging from 3 months – 5 years, making it easy to grow your savings.
You can start with as little as $1,000 and choose the term that aligns with your financial goals. To open a certificate account, you can visit one of their branch locations or apply online.
CD Term | APY |
|---|---|
3 Months | 0.50% |
6 Months | 0.50% |
9 Months | 1.50% |
12 Months | 5.00% |
18 Months | 4.60% |
24 Months | 4.30% |
36 Months | 4.30% |
48 Months | 4.30% |
60 Months | 4.30% |
Sign Up for
Our Newsletter
Checking Accounts
Landmark offers three types of checking accounts:
Rewards Checking: Earn 1 point for every $2 spent on signature-based debit card purchases. These points can be redeemed for gift cards, travel, and merchandise. Combining it with a Rewards credit card helps you earn rewards even faster.
Premium Checking: This account provides a high 7.50% APY on balances up to $500. To qualify, enroll in eDocuments and have a monthly direct deposit of at least $250.
VIP Checking: With VIP Checking, you earn a 0.05% APY on balances over $2,500. It's a straightforward account option for those with larger balances.
Also, here are the main features you can get a s a customer when opening a checking account with Landmark:
- No Hidden Fees: No monthly service fees and no minimum balance requirement. Only $35 needed to get started.
- 34,000+ in-network ATMs: Access plenty of fee-free ATMs for cash withdrawals.
- Free Visa® Debit Card: Accepted almost everywhere, making transactions convenient.
- Free Bill Pay: Set up one-time or recurring payments without the need for stamps or checks.
- Digital Banking: Easily check balances, transfer money, and use budget tracking tools.
- Zelle®: A fast and easy way to send money to family and friends.
- Credit Hub: Check your credit score, monitor your credit report, and receive credit monitoring alerts.
- Card Controls: Have the ability to lock and unlock your debit card if it's misplaced or stolen.
Credit Cards
Landmark credit union also provides access to a number of investment options. These include:
Visa® Signature Cash Back: This card offers unlimited 1.5% cash back on all purchases, with no annual fee. There's a 0% introductory APR for the first 12 months on purchases and balance transfers. You can earn a $50 cash bonus by spending $1,000 within 90 days of account opening.
Rewards Visa®: Earn points with Landmark Rewards, which can be redeemed for gift cards and merchandise. There's no annual fee and a 0% introductory APR for the first 12 months on purchases and balance transfers. You can earn 5,000 Bonus Points by spending $1,000 within 90 days of account opening and earn double points on gas and restaurant purchases.
Student Rewards Visa®: Ideal for students, this card helps build credit history with 1 point for every $1 spent and double points on gas and restaurant purchases. There's no annual fee, and you can earn 5,000 Bonus Points by spending $1,000 within 90 days. Good students can earn additional points based on GPA.
Secured Visa®: Designed for building or repairing credit, this card requires a pledge share account and a Collateral Pledge. It has a $25 annual fee and no introductory rate or rewards program.
Landmark Credit Union Lending Options
Landmark offers various lending options. These include:
Mortgage Loan Financing: Find the right mortgage loan for your home purchase, whether it's your first or forever home.
Home Equity Lines of Credit and Loans: Use your home's equity for flexible, low-interest financing to complete home improvement projects.
Auto, Truck, and Motorcycle Loans: Get pre-qualified for a car loan and simplify your vehicle shopping process.
Boat and Recreational Loans: Easily finance your adventures by securing a loan for your boat or recreational vehicle.
Student Loan Financing: Partnered with Student Choice to help cover tuition costs and offer loan refinancing options for existing student loans.
Personal Loans: Access extra funds for upcoming expenses, like weddings or other financial needs, through a personal loan.
How to Join Landmark Credit Union
Landmark Credit Union extends its membership to various groups, including employees of the V.A. Medical Center and its satellite offices, residents of Vermilion County, and federal employees in Vermilion County, Illinois. Additionally, individuals working at Thyssen Krupp, Danville plant, and those associated with former credit unions like R & S Credit Union and Westville Federal Credit Union are eligible.
Employees of BroMenn Healthcare in Bloomington, members of Union Local 1271 (Heatcraft), U.S. Post Office employees in Danville, and former Danville Consolidated Credit Union and Lauhoff Employees Credit Union members can also join. Family members of these groups and residents or workers in certain Indiana counties qualify as well.
How We Rate And Review Credit Unions: Our Methodology
The Smart Investor team extensively reviewed hundreds of banks and credit unions. We assessed them based on four main categories, each with specific features:
-
Diversity of Products and Their Attractiveness (40%): We extensively analyzed the breadth and appeal of each bank's product offerings, including savings accounts, checking accounts, loans, investment options, and more. Higher ratings were assigned to banks with a diverse range of products that are attractive in terms of interest rates, fees, terms, and additional features. This category provides insights into the variety and value of the bank's offerings, crucial for meeting customers' diverse financial needs.
-
Account Features (30%): This category delves into the features and benefits accompanying each bank's accounts. We scrutinized factors such as promotions, deposit and withdrawal options, ATM accessibility, online and mobile banking functionalities, as well as additional perks like overdraft protection and rewards programs. Banks offering comprehensive and convenient features received higher ratings, reflecting the overall value of their accounts to customers.
-
Customer Experience (20%): A positive customer experience is paramount in banking, so we evaluated each bank's performance in this area. This included assessing the ease of account opening, quality of customer service, availability of support channels, and overall user satisfaction. Ratings were based on factors such as responsiveness, efficiency, and the bank's commitment to meeting customer needs, ensuring a seamless and satisfactory banking experience.
-
Bank Reputation (10%): The reputation of a bank is a critical consideration for customers. We examined factors such as financial stability, regulatory compliance, and public perception to determine each institution's overall trustworthiness and reliability. Higher ratings were awarded to banks with strong reputations, reflecting their credibility and ability to inspire confidence among customers.
By considering these categories, individuals can make informed decisions that align with their financial needs and preferences, ensuring they choose a bank that offers competitive products, excellent features, a positive customer experience, and a solid reputation.
