Membership

Membership

How do I Become a Member?

Becoming a member is easy. If you are eligible, all you need to do is Apply to open an Account. Every new member must open a savings account with at minimum deposit of $25. 

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Becoming a member is easy. If you are eligible, all you need to do is Apply to open an Account. Every new member must open a savings account with at minimum deposit of $25.

This savings account is considered a "Share-Savings". That means that by your opening an account, and depositing, you become a part owner of LIRFCU! You have a say in your credit union, such as during our annual meeting when we nominate and vote in our volunteer board of directors.

Once you open your savings account, you are now able to apply for and take advantage of all of our other banking and lending services!

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Who is Eligible for Membership?

LIRFCU membership is available to all members of the Long Island Board of Realtors® (LIBOR), their relatives, and employees of LIBOR and their relatives. Relatives of current LIRFCU members are also eligible. 

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Unlike some credit unions, LIRFCU has a specific field of membership in our Charter with the NCUA (National Credit Union Administration). This means we only provide services to a specific group of people.

LIRFCU membership is available to all members of the Long Island Board of Realtors® (LIBOR), their relatives, and employees of LIBOR and their relatives. Relatives of current LIRFCU members are also eligible. 

Because we focus our efforts on a select group, we are able to provide services that better meet their needs. If eligible, take advantage of what we are providing for you!

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Is there a Cost for Membership?

Simple put, no. LIRFCU is a non-profit institution. We charge no service fees, membership fees, or maintenance fees. 

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There is no cost for membership. 

LIRFCU is a non-profit institution. We do not have a separate group of investor that we are looking to please financially. As a credit union, our members are our investors and owners. Because of this, your concerns, our member's concerns, are the most important to us.

We charge no service fees, membership fees, or maintenance fees. Rather than there being a cost, our members end up saving money by using our services!

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Questions