Kentucky Business Savings Accounts

We are member-owned and operated

How to Open an Account

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 a business account with us, you must have a state-issued EIN and you must live, work, worship or go to school in one of the 13 counties that make up Western Kentucky. It only takes $25 to get the account started, and you’ll begin earning dividends on the quarterly average balance. 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.

We are member-owned and operated

Benefits

To organize your business’s funds or 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 “taxes”, a “payroll” account. 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.