When you join Lake Chem, you’ll open a member Share Savings Account that basically serves as the foundation to everything else that you will do with us. Opening this account officially makes you a member of our credit union as well as an equal owner. We are member-owned and operated.

To open this account with us, you must live, work, worship or go to school in Marshall or Calloway County or are an immediate family member of any of the above. It only takes $25 to get the account started and you’ll begin earning dividends on quarterly average balances. Opening a checking account with your Share Savings Account upgrades your savings account to a Premium Share Savings Account, allowing you to earn a higher APY quarterly. Click here to view rates.

If you’re working to save for a variety of things or like to keep certain accounts separate from others, you can add as many savings sub-accounts as you’d like. For example: Some members have a “bills account”, a “wedding/honeymoon account” or even a “home down payment account” if you’re looking to purchase a home in the near future (which we can also assist you with). It’s completely up to you. We can also assist you in automatic deposits to ensure that these savings accounts are constantly growing without you having to raise a single finger.