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Tuesday , 1 December 2020
Image: Lakeland Credit Union

Lakeland Credit Union launches account with 4 Wing members in mind

Lakeland Credit Union is offering a new account for local first responders and military members.

On Monday, the branch announced the new initiative, which piggybacks on their forces account launched in January.

They said this account was customized to meet the financial needs of regular, reservists or retired Canadian Armed Forces members for 4 Wing Cold Lake.

“After launching the forces account, Lakeland recognized the need to support the region’s first responders who put their lives on the line every day to protect Albertans,” the release said.

“The support has been notably useful in times like these, where they are at a significant risk of being directly exposed to COVID-19 as they fulfill their front-line duties.

“Hence, LCU is launching Heroes Account and package to show appreciation for 4 Wing Cold Lake and first responders (Canadian Armed Forces, Police, Firefighters, Nurses, Doctors, and EMTs). They are an integral part of the Lakeland region more than ever.”

LCU’s relationship with 4 Wing Cold Lake dates back to 1959. As a Credit Union, Lakeland maintains support to the 4 Wing Cold Lake with MVP mortgage rates, provides financial support for 4 Wing MRFCS, and assists for military families

The new heroes account and package includes: 

  • No monthly fee
  • Unlimited transactions
  • Unlimited use of Canadian Credit Union ATMs
  • One free order of basic cheque per year
  • Six free non-CU Canadian ATM withdrawals per month
  • First-year free safe deposit box rental
  • Special Rates on Terms Deposits 3 years or greater
  • Consumer Loan Rate Variable at Prime plus 0.25%
  • $500.00 credit upon new mortgage advance (*minimum term three years) plus 0.5% off of our 3,4,5, year posted mortgage rates

Special Offer

LCU will also be making a one-time $100 per child RESP contribution (only for those who meet the criteria of the Heroes account with a new LCU mortgage) *Minimum mortgage term three years

“We owe everything to those on the front-lines across the communities we operate in, so we want to pledge our unwavering support in a unique way that recognizes their professionalism, dedication, and sacrifices for Canadians,” said Wendy Morrison, Vice President, Culture & Corporate Governance.

For more info about the LCU Heroes Account and package, visit: https://www.lakelandcreditunion.com/Heroes/

About Michael Menzies

Menzies is the editor-at-large for Connected Media Inc. Born and raised in Vermilion, he started in May 2018 during his NAIT Radio and Television practicum and reports on local politics, sports, and community issues. He became the Bonnyville Pontiacs play-by-play voice during the 2019-20 season. He also comments on provincial and national issues. Menzies hosts Connected! Evening Monday-Thursday at 5 o’clock. He also likes to buy books and read some of them.