Premier Checking Account
Our Premier Checking
This account is well suited for the individual who likes to combine checking and savings features into one great service.
Maintain a monthly average collected balance of $2,500 and your account is service fee free and will earn dividends equal to that paid on a NLCU Savings account - as outlined in the Thirft Savings Table. If your monthly, average, collected balance drops below $2,500, you will incur a monthly service fee.
Take advantage of a quarter point rate reduction for simply having a Premier Checking account! Take an additional quarter point when you make your loan payment through payroll deduction or direct debit. Some restrictions may apply; credit qualification is a requirements.
What You Get!
Current Rate Specials
Please call for current rates! 802.748.2288 or 603.444.9964
Follow these steps to make your budget worksheet:
List your income in a vertical column down the left side of the page. Think of all the sources of income (including paychecks and interest) that you receive. Also, consider how often this income becomes available to you. For example, are you paid weekly or every other week?
List your expenses below your income in that same column. Begin with major expenses such as a car payment, car insurance, food (including school lunches), clothing, and entertainment. Include all expenses, whether you pay in the form of a check, cash, credit card, or the amount is deducted from your credit union account. Remember to include any finance charges, such as interest on your auto loan.
Now, list the related timeframes in a row across the top of the page. For instance, does the expense or income occur weekly, per paycheck, monthly, quarterly, or yearly? Is the expense tax-deductible? If so, add a heading for this in your horizontal row. When you are finished you should have the beginning of a grid or chart. Use this as a worksheet to help you categorize and plan. When you first start using your budget worksheet, you might find that you change it often. That’s good! Your worksheet should be a working document.
Now that you have a “skeleton” worksheet, add anticipated expenses. Are you planning to go to college or participate in a wedding (as either a bridesmaid or a groomsman)? All of these require that you spend a lot of money. (Hint: Anticipate that you will have to spend more than you’d prefer, and budget accordingly. It’s better to be prepared than shocked.) You can also consider anticipated sources of income, such as the yearly birthday check from your Aunt Mildred. Be careful, though; don’t spend the money before you have it.
Don’t forget the “small stuff”! Do you buy soda pop or special coffee, eat lunch out, or buy snacks from the vending machine? If so, keep track of how often you do—and how much you spend. All of these purchases add up throughout the week, the month, and the year. So budget for these, or do without!
Remember: Use your budget as a tool to help you achieve your goals.Once you set up your categories and make it a point to record the appropriate dollar amounts, you’ll see how easy it is to continue recording your income and expenses.
The most difficult part is getting started. But once you have your plan in place, you’ll recognize the power of the information that you have at your fingertips!
First, you must decide what type of business entity you are going to establish. The type of business entity will determine which tax form you have to file. The most common types of business are the sole proprietorship, partnership, corporation and S corporation.
The type of business you operate determines what taxes you must pay and how you pay them. The four general types of business taxes are income tax, self-employment tax, employment tax and excise tax.
An Employer Identification Number is used to identify a business entity. Generally, businesses need an EIN. Visit IRS.gov for more information about whether you will need an EIN. You can also apply for an EIN online at IRS.gov.
Good records will help you ensure successful operation of your new business. You may choose any recordkeeping system suited to your business that clearly shows your income and expenses. Except in a few cases, the law does not require any special kind of records. However, the business you are in affects the type of records you need to keep for federal tax purposes.
Every business taxpayer must figure taxable income on an annual accounting period called a tax year. The calendar year and the fiscal year are the most common tax years used.
Each taxpayer must also use a consistent accounting method, which is a set of rules for determining when to report income and expenses. The most commonly used accounting methods are the cash method and an accrual method. Under the cash method, you generally report income in the tax year you receive it and deduct expenses in the tax year you pay them. Under an accrual method, you generally report income in the tax year you earn it and deduct expenses in the tax year you incur them.
IRS Publication 583, Starting a Business and Keeping Records, provides basic federal tax information for people who are starting a business. This publication is available on IRS.gov or by calling 800-TAX-FORM (800-829-3676). Visit the Business section of IRS.gov for resources to assist entrepreneurs with starting and operating a new business.
The distributions will take place when we receive your direct deposit. This usually takes two pay periods to begin.
Yes, you can request direct deposit funds to be distributed to an unlimited number of NLCU accounts on which you are a joint owner or co-borrower.
NLCU's routing and transit number is: 211691457
Yes, we can receive payroll deduction and direct deposit from participating employers and government institutions.
Yes. Your deposits are insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government. Call customer service at 800-856-0026 for a pamphlet for more information.
You can make deposits in person or by mail. You can also make deposits conveniently through payroll deduction or Remote Deposit Capture.
A stop payment request may be made either in person, or via telephone request. A stop payment request made by telephone will expire in 14 days unless confirmed in writing within this same time period. A written stop payment request is valid for six months
If you discover your checks have been lost or stolen, please phone us at 800-856-0026.
After your initial order of checks, you can reorder your checks online (https://www.legacymemberservice.net)
It usually takes between seven to ten business days to receive personal checks. Rush delivery methods are available for a fee.
The Credit Union's routing transit number is 211691457
Ways to Apply
You must first become a member of Northern Lights if you already are not.
The credit union makes loans without regard to race, color, religion, national origin, sex, handicap, or familial status.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.