Smart Share Savings
Start enjoying the benefits of being a part-owner of Southwest Louisiana Credit Union while saving some cash on the side.
Account Features
High-yield basic savings account
$25 minimum deposit to open
Minimum required balance of $25
Dividends compounded and paid quarterly on an average daily balance of $25 or more
$mart Share benefits
Membership at the credit union, with perks such as lower interest rates, higher yields, free financial counseling, and more!
No monthly service charge—FREE
Free online banking, mobile banking, and e-Statements
How to Open
$25
Two forms of ID
Smart Club Accounts
With a competitive dividend rate, these accounts are perfect for off-season saving for vacations and holidays!
Account Features
Minimum opening deposit of $5
Minimum required balance of $5
No monthly service charge
Dividends compounded and paid quarterly on an average daily balance of $5 or more
Free online banking, mobile banking, and e-Statements
Christmas Club
Save year-round for Christmas gifts and expenses
Funds available for withdrawal penalty-free from November 1 through December 31
Withdrawals made between January 1 and October 31 incur a $15 fee for early withdrawal
Vacation Club
Save year-round for your family vacation
Funds available for withdrawal penalty-free during the first seven calendar days of each month
Withdrawals made after the seventh calendar day will incur a $15 fee for early withdrawal
Smart CDs (Term Share Certificates)
Earn a Higher Interest Rate Than a Savings Account
Account Features
Feeling ambitious with your assets?
We know a thing or two about increasing your earnings with practically no risk. Our Share Certificates earn higher interest than a regular savings account, and they come with fixed rates for guaranteed returns.
Benefits
Competitive rates
Terms for six months to three years
Dividends paid monthly
Penalties apply for early withdrawal
CDs automatically renew at maturity (excludes Cowboy Up CD)
Cowboy Up CD (Currently Unavailable)
7-Month
Minimum opening deposit of $100
Minimum required balance of $100
Starts at 2.50% APY*
Rate increases by 0.01% APY EVERY TIME McNeese Football scores this season and postseason (2025-2026)
Ex: If McNeese scores 28 points, your rate will increase by 0.28% APY
Increased rate effective the next business day after a win
Dividends compounded and paid monthly on an average daily balance
Receive monthly statements
Give us a call at (337) 477-9190 for more info! (Currently unavailable until the start of the 2026-27 collegiate football season)
*Cowboy Up CD. APY = Annual Percentage Yield. The initial interest rate is 2.00% APY effective 11/01/24 and will not decrease. The APY will go up 0.10% APY each time the McNeese State University Men’s Basketball team wins a game in the 2024-2025 season. This includes up to 32 regular season games and 5 post season games. Post season games are defined to include the Southland Conference Basketball Championship and any NCAA sanctioned post season tournament for the 2024-2025 season. If you open a Cowboy Up term share deposit account after the season begins, the initial APY will be 2.00%. Rate increase, if applicable, will become effective the next business day after each game. There is a possibility the APY may not increase. The term of the Cowboy Up Term Share is 11 months. The minimum opening balance and minimum balance to earn interest is $100. Rate and product offered may change at any time. Fees could reduce earnings. Early withdrawal penalties will apply. Membership eligibility required. McNeese State University student athletes are unable to participate.
Traditional CD
6-Month, 1-Year, 2-Year, or 3-Year Certificate
Minimum opening deposit of $500.00
Minimum required balance of $500.00
Fixed rate
Dividends compounded and paid monthly on an average daily balance
Receive monthly statements
Expandable CD
1-Year, 2-Year, or 3-Year Expandable Certificate
Expandable CDs let you add cash at any time, so your cash can grow as you grow!
Minimum opening deposit of $100.00
Minimum required balance of $100.00
Minimum deposit of $25.00 or more at any time up to maturity
Fixed rate
Option of 1, 2, or 3-year terms
Dividends compounded and paid monthly on an average daily balance of $100.00 or more
Receive monthly statements
Smart IRAs
Be Prepared for the Future You Want
Choose between our $mart IRA Share Account and our $mart IRA Term Share Certificate to start putting away for retirement today!
$mart IRA Share Account
Minimum opening deposit of $250
Minimum required balance of $250
Dividends compounded and paid monthly on an average daily balance of $250 or more
Receive monthly statements
$mart IRA Term Share Certificate
Terms: 6-month, 1-year, 2-year or 3-year
Minimum opening deposit of $500.00
Minimum required balance of $500.00
No monthly service charge—FREE
Dividends compounded and paid monthly on an average daily balance of $500.00 or more
Receive monthly statements
Money Market Account
Account Features
Higher dividend rates than regular savings
No monthly service charge
$2,500 deposit to open
Limit of six monthly pre-authorized debit transactions, only 3 may be checks
Check order will be debited directly from account
Perks
Higher dividend rates than regular savings
Dividend rates are set monthly and based on tiers
No monthly service charge; however, if balance drops below the minimum required amount, there will be a $10 service charge
Free online banking, mobile banking, and e-Statements
Tiers are as follows:
$2,500.00 – $49,999.99
$50,000.00 – $99,999.99
$100,000.00 and above
High-Yield Savings Account
With Extended Insurance
Account Features
With our High-Yield Savings Account, your deposits are automatically divided into portions of less than $250,000 and placed across a network of partner credit unions. This keeps every portion within standard NCUA insurance limits while extending protection up to $15 million* in total coverage.
Perks
Competitive rates
Earn interest on your full balance
Extended insurance up to $15 million
$25,000 minimum
Tiers are as follows:
$25,000 - $99,999.99
$100,000 - $249,999.99
$250,000 - $499,999.99
$500,000 - $999,999.99
$1,000,000+
How Do I Open an Account?
Opening a High-Yield Savings Account with Extended Insurance is quick and easy. Simply call us at 337-477-9190 or visit your nearest branch.
After account opening, you will gain access to the “Member Portal” to view details on your account. You can view statements and your allocations throughout the network at any time, so you always know your money is safe with credit unions you know and trust.
What is Extended Insurance?
An Extended Insurance Account provides millions of extended NCUA insurance on your deposits by distributing your balances in amounts under the $250,000 threshold to partner credit unions in the ModernFi network. By placing funds under the limit, your entire balance can be insured by the NCUA. These accounts combine to provide you with extended insurance coverage.
How Does the Account Work?
Let’s say you want to safeguard $1 million while still earning interest. With our High Yield Savings Account, you can deposit the full amount into one Southwest account. Behind the scenes, your funds are distributed to partner credit unions in amounts under the $250,000 NCUA insurance threshold.
For example, the first $100,000 would remain at Southwest, while the next portions are placed with other partner credit unions in the network. Because each portion stays within the NCUA insurance limit, your full $1 million is protected.
The benefit? You don’t have to open or manage multiple accounts. All your deposits and transactions appear in one easy-to-read statement. Plus, this account offers a competitive interest rate, making it a smart choice for businesses and individuals with significant cash reserves.
Who Maintains My Account?
You control the account just like a regular transaction account. The portal allows you to view your balance and request withdrawals from your account. If you would like to deposit funds, you can do so directly with us! Southwest manages and oversees your allocation, ensuring funds are distributed to demand deposit accounts within the network.
What is ModernFi?
ModernFi is a network of credit unions that Southwest has joined to help better protect your balances by distributing funds across partner credit unions to offer extended NCUA share insurance.
*Funds participating in the Southwest Louisiana Credit Union High-Yield Savings Account with Extended Insurance are deposited into accounts at participating credit unions, which are insured by the National Credit Union Association (NCUA) for up to $250,000 for each category of legal ownership, including any other balances you may hold directly or through other intermediaries, including broker-dealers. The total amount of NCUA insurance for your account depends on the number of credit unions in the program. If the balance in your account is greater than the NCUA insurance coverage in the program, any excess funds will not be insured. Please read the Program Terms and Conditions carefully before depositing money into the program, and for other important customer disclosures and information. To assure your NCUA coverage, please regularly review credit unions in which your funds have been deposited and notify Southwest immediately if you do not want to allocate funds to a particular credit union or credit unions. The total amount of NCUA insurance for your account depends on the number of credit unions in the program. If the balance in your account is greater than the NCUA insurance coverage in the program, any excess funds will not be insured.
Please read the Program Terms and Conditions carefully before depositing money into the program and for other important customer disclosures and information. To ensure your NCUA coverage, please regularly review the credit unions in which your funds have been deposited and notify Southwest immediately if you do not want to allocate funds to a particular credit union or credit unions.