Banking » Reviews » Landmark Credit Union Review 2024
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Landmark Credit Union Review 2024

Landmark Credit Union offers high rates on certificates and a variety of banking products. But, there are drawbacks.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: April 15, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: April 15, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

Landmark Credit Union

landmark credit union
landmark credit union

Landmark Credit Union

Fees

$0

Minimum Deposit

$0

Our Rating

4.2
4.2/5

APY Savings

0.05%

Table Of Content

Banking Services
Credit Options
Savings Accounts
Mortgage
Checking Accounts
Government Mortgage
CDs
Credit Cards
Money Market Account
Debit Card
Investing Capabilities
Personal Loans

Pros and Cons

Here are the main pros and cons of Lanmark credit union

Pros
Cons
High Rates On Long Term Certificates
Low Short Term Certificate Rates
Various Financial Products
Low Savings Rates
Rewards And Interest Bearing Checking Options
Limited Locations
Exstensive ATM Network

Landmark Credit Union offers competitive rates on long-term certificates, which can help you earn more on your savings over time.

They provide a wide range of financial products, giving you options to meet different financial needs.

Landmark offers checking accounts that come with rewards and interest-bearing features, potentially helping you earn while managing your daily finances.

Their extensive ATM network ensures convenient access to cash and account services at multiple locations.

 Landmark's short-term certificate rates may be less competitive, potentially resulting in lower earnings for shorter-term savings goals.

 The savings rates at Landmark may be relatively low, which could limit the growth of your savings compared to other financial institutions.

Landmark Credit Union has a limited number of physical branch locations, which may not be convenient for individuals who prefer in-person banking or who live outside their service area.

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Fees:
No monthly fees No monthly fees and no overdraft fees. Plus get reimbursed for ATM fees with an active account 
Rewards:
Up to 2% cash back Up to 2% cash back on common everyday expenses for active accounts with monthly $1,000 direct deposit, and up to 1% cash back for other purchases 
Promotion:
$300 Use Promo Code “AXOS300” for a $300 bonus when you apply for a Rewards Checking account
Up to 3.30% APY
to get the maximum rate (up to $50,000) you'll need monthly direct deposits of $1,500 (0.40% APY), 10 transaction on your debit card (+0.30% APY), average daily balance of $2,500 on Axos Invest Managed Portfolio (+1.00% APY), average daily balance of $2,500 on Axos Invest Self Directed Trading Account(+1.00% APY) and make full monthly payment on loans (mortgage, personal and auto) with Axos account (+0.60% APY).

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• Receive a cash bonus of $2,000 when you deposit or invest $200,000 – $299,999.99

• Receive a cash bonus of $2,500 when you deposit or invest $300,000 – 499,999.99

• Receive a cash bonus of $3,500 when you deposit or invest $500,000+

• Earn an extra $500 when you set up recurring monthly Direct Deposits totaling at least $5,000 for 3 months
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Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

PNC bank logo

Promotion:
Up to $400 Open a new, select Virtual Wallet product and receive $500/$2,000/$5,000 or more in qualifying monthly direct deposits within 60 days to earn a $100/$200/$400 bonus.
Subject to state availability
PNC Virtual Wallet ® is available in AL, AZ, CA, CO, DC, DE, FL, GA, IL, IN, KY, MD, MI, NC, NJ, NY, NM, OH, PA, SC, TX, VA, WI, and WV. Virtual Wallet ® is offered in the state of MO with the exception of the Greater Kansas City area. Product availability may vary based on where you open your account and the Zip code of your primary address.

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Promotion:
$300 New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account and make direct deposits totaling $500 or more within 90 days of coupon enrollment.. Expired on 7/24/2024
Chase Overdraft Assist
With Chase Overdraft AssistSM, you won’t be charged an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day

UpgradeLogo

Fees:
No monthly fees No monthly fees and no overdraft fees. Plus get reimbursed for ATM fees with an active account 
Rewards:
Up to 2% cash back Up to 2% cash back on common everyday expenses for active accounts with monthly $1,000 direct deposit, and up to 1% cash back for other purchases 
Promotion:
$300 Use Promo Code “AXOS300” for a $300 bonus when you apply for a Rewards Checking account
Up to 3.30% APY
to get the maximum rate (up to $50,000) you'll need monthly direct deposits of $1,500 (0.40% APY), 10 transaction on your debit card (+0.30% APY), average daily balance of $2,500 on Axos Invest Managed Portfolio (+1.00% APY), average daily balance of $2,500 on Axos Invest Self Directed Trading Account(+1.00% APY) and make full monthly payment on loans (mortgage, personal and auto) with Axos account (+0.60% APY).

Promotion:
Up to $4,000 New customers may earn up to $4,000 when they open an eligible HSBC Premier checking account from January 8, 2024 through March 27, 2024 and complete qualifying activities:

• Receive a cash bonus of $1,500 when you deposit or invest $100,000 – $199,999.99

• Receive a cash bonus of $2,000 when you deposit or invest $200,000 – $299,999.99

• Receive a cash bonus of $2,500 when you deposit or invest $300,000 – 499,999.99

• Receive a cash bonus of $3,500 when you deposit or invest $500,000+

• Earn an extra $500 when you set up recurring monthly Direct Deposits totaling at least $5,000 for 3 months
Wealth Products & Advice
Get access to wealth products, insights and advice from an HSBC Financial Professional through HSBC Securities (USA) Inc
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

Savings Account

Landmark offers the VIP savings account from Landmark but the rate is low – only 0.05% APY. The minimum deposit is $5 and there are no monthly fees.

Landmark Credit Union Savings
Savings APY
0.05%
Savings Fees
$0
Minimum Deposit
$5

Moreover, Landmark is backed by federal insurance from the NCUA, providing peace of mind as your funds are safeguarded, with coverage extending up to $250,000 per account owner.

Money Market Account

The Landmark Signature Money Market account offers tiered interest rates and flexibility for accessing your funds.

It adjusts its rates based on your account balance, allowing you to maximize your returns as your balance grows and move to different account tiers. You can open this account at Landmark's branch locations or apply online for convenience.

MMA Deposit
APY
$ 0 – $49,999.99
0.10%
$50,000 – $74,999.99
2.90%
$75,000 – $99,999.99
3.00%
$100,000 or more
3.15%

Landmark Credit Union Certificates

Landmark offers high-rate certificate accounts with terms ranging from 3 months – 5 years, making it easy to grow your savings.

You can start with as little as $1,000 and choose the term that aligns with your financial goals. To open a certificate account, you can visit one of their branch locations or apply online.

CD Term
APY
3 Months
0.50%
6 Months
0.50%
9 Months
1.50%
12 Months
5.00%
18 Months
4.60%
24 Months
4.30%
36 Months
4.30%
48 Months
4.30%
60 Months
4.30%

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Checking Accounts

Landmark offers three types of checking accounts:

  1. Rewards Checking: Earn 1 point for every $2 spent on signature-based debit card purchases. These points can be redeemed for gift cards, travel, and merchandise. Combining it with a Rewards credit card helps you earn rewards even faster.

  2. Premium Checking: This account provides a high 7.50% APY on balances up to $500. To qualify, enroll in eDocuments and have a monthly direct deposit of at least $250.

  3. VIP Checking: With VIP Checking, you earn a 0.05% APY on balances over $2,500. It's a straightforward account option for those with larger balances.

Also, here are the main features you can get a s a customer when opening a checking account with Landmark: 

  • No Hidden Fees: No monthly service fees and no minimum balance requirement. Only $35 needed to get started.
  • 34,000+ in-network ATMs: Access plenty of fee-free ATMs for cash withdrawals.
  • Free Visa® Debit Card: Accepted almost everywhere, making transactions convenient.
  • Free Bill Pay: Set up one-time or recurring payments without the need for stamps or checks.
  • Digital Banking: Easily check balances, transfer money, and use budget tracking tools.
  • Zelle®: A fast and easy way to send money to family and friends.
  • Credit Hub: Check your credit score, monitor your credit report, and receive credit monitoring alerts.
  • Card Controls: Have the ability to lock and unlock your debit card if it's misplaced or stolen.

Credit Cards

Landmark credit union also provides access to a number of investment options. These include:

  • Visa® Signature Cash Back: This card offers unlimited 1.5% cash back on all purchases, with no annual fee. There's a 0% introductory APR for the first 12 months on purchases and balance transfers. You can earn a $50 cash bonus by spending $1,000 within 90 days of account opening.

  • Rewards Visa®: Earn points with Landmark Rewards, which can be redeemed for gift cards and merchandise. There's no annual fee and a 0% introductory APR for the first 12 months on purchases and balance transfers. You can earn 5,000 Bonus Points by spending $1,000 within 90 days of account opening and earn double points on gas and restaurant purchases.

  • Student Rewards Visa®: Ideal for students, this card helps build credit history with 1 point for every $1 spent and double points on gas and restaurant purchases. There's no annual fee, and you can earn 5,000 Bonus Points by spending $1,000 within 90 days. Good students can earn additional points based on GPA.

  • Secured Visa®: Designed for building or repairing credit, this card requires a pledge share account and a Collateral Pledge. It has a $25 annual fee and no introductory rate or rewards program.

Landmark credit union Visa® Signature Cash Back
Landmark credit union Rewards Visa®
Landmark credit union Student Rewards Visa®
Landmark credit union Secured Visa®

Landmark Credit Union Lending Options

Landmark offers various lending options. These include:

  • Mortgage Loan Financing: Find the right mortgage loan for your home purchase, whether it's your first or forever home.

  • Home Equity Lines of Credit and Loans: Use your home's equity for flexible, low-interest financing to complete home improvement projects.

  • Auto, Truck, and Motorcycle Loans: Get pre-qualified for a car loan and simplify your vehicle shopping process.

  • Boat and Recreational Loans: Easily finance your adventures by securing a loan for your boat or recreational vehicle.

  • Student Loan Financing: Partnered with Student Choice to help cover tuition costs and offer loan refinancing options for existing student loans.

  • Personal Loans: Access extra funds for upcoming expenses, like weddings or other financial needs, through a personal loan.

How to Join Landmark Credit Union

Landmark Credit Union extends its membership to various groups, including employees of the V.A. Medical Center and its satellite offices, residents of Vermilion County, and federal employees in Vermilion County, Illinois. Additionally, individuals working at Thyssen Krupp, Danville plant, and those associated with former credit unions like R & S Credit Union and Westville Federal Credit Union are eligible.

Employees of BroMenn Healthcare in Bloomington, members of Union Local 1271 (Heatcraft), U.S. Post Office employees in Danville, and former Danville Consolidated Credit Union and Lauhoff Employees Credit Union members can also join. Family members of these groups and residents or workers in certain Indiana counties qualify as well.

How We Rate And Review Credit Unions: Our Methodology

The Smart Investor team extensively reviewed hundreds of banks and credit unions. We assessed them based on four main categories, each with specific features:

  • Diversity of Products and Their Attractiveness (40%): We extensively analyzed the breadth and appeal of each bank's product offerings, including savings accounts, checking accounts, loans, investment options, and more. Higher ratings were assigned to banks with a diverse range of products that are attractive in terms of interest rates, fees, terms, and additional features. This category provides insights into the variety and value of the bank's offerings, crucial for meeting customers' diverse financial needs.

  • Account Features (30%): This category delves into the features and benefits accompanying each bank's accounts. We scrutinized factors such as promotions, deposit and withdrawal options, ATM accessibility, online and mobile banking functionalities, as well as additional perks like overdraft protection and rewards programs. Banks offering comprehensive and convenient features received higher ratings, reflecting the overall value of their accounts to customers.

  • Customer Experience (20%): A positive customer experience is paramount in banking, so we evaluated each bank's performance in this area. This included assessing the ease of account opening, quality of customer service, availability of support channels, and overall user satisfaction. Ratings were based on factors such as responsiveness, efficiency, and the bank's commitment to meeting customer needs, ensuring a seamless and satisfactory banking experience.

  • Bank Reputation (10%): The reputation of a bank is a critical consideration for customers. We examined factors such as financial stability, regulatory compliance, and public perception to determine each institution's overall trustworthiness and reliability. Higher ratings were awarded to banks with strong reputations, reflecting their credibility and ability to inspire confidence among customers.

  •  

By considering these categories, individuals can make informed decisions that align with their financial needs and preferences, ensuring they choose a bank that offers competitive products, excellent features, a positive customer experience, and a solid reputation.

Picture of Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
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Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

PNC bank logo

Promotion:
Up to $400 Open a new, select Virtual Wallet product and receive $500/$2,000/$5,000 or more in qualifying monthly direct deposits within 60 days to earn a $100/$200/$400 bonus.
Subject to state availability
PNC Virtual Wallet ® is available in AL, AZ, CA, CO, DC, DE, FL, GA, IL, IN, KY, MD, MI, NC, NJ, NY, NM, OH, PA, SC, TX, VA, WI, and WV. Virtual Wallet ® is offered in the state of MO with the exception of the Greater Kansas City area. Product availability may vary based on where you open your account and the Zip code of your primary address.

Chase_logo

Promotion:
$300 New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account and make direct deposits totaling $500 or more within 90 days of coupon enrollment.. Expired on 7/24/2024
Chase Overdraft Assist
With Chase Overdraft AssistSM, you won’t be charged an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day

UpgradeLogo

Fees:
No monthly fees No monthly fees and no overdraft fees. Plus get reimbursed for ATM fees with an active account 
Rewards:
Up to 2% cash back Up to 2% cash back on common everyday expenses for active accounts with monthly $1,000 direct deposit, and up to 1% cash back for other purchases 

Promotion:
$300 Use Promo Code “AXOS300” for a $300 bonus when you apply for a Rewards Checking account
Up to 3.30% APY
to get the maximum rate (up to $50,000) you’ll need monthly direct deposits of $1,500 (0.40% APY), 10 transaction on your debit card (+0.30% APY), average daily balance of $2,500 on Axos Invest Managed Portfolio (+1.00% APY), average daily balance of $2,500 on Axos Invest Self Directed Trading Account(+1.00% APY) and make full monthly payment on loans (mortgage, personal and auto) with Axos account (+0.60% APY).

penfed personal loan

APY on Daily Balances
0.15% APY on daily balances of less than $20,000 or 0.35% APY on daily balances of $20,000 up to $50,000
Get paid up to 2 days early
Set up direct deposits and get your paycheck up to 2 days early

Promotion:
Up to $4,000 New customers may earn up to $4,000 when they open an eligible HSBC Premier checking account from January 8, 2024 through March 27, 2024 and complete qualifying activities:

• Receive a cash bonus of $1,500 when you deposit or invest $100,000 – $199,999.99

• Receive a cash bonus of $2,000 when you deposit or invest $200,000 – $299,999.99

• Receive a cash bonus of $2,500 when you deposit or invest $300,000 – 499,999.99

• Receive a cash bonus of $3,500 when you deposit or invest $500,000+

• Earn an extra $500 when you set up recurring monthly Direct Deposits totaling at least $5,000 for 3 months
Wealth Products & Advice
Get access to wealth products, insights and advice from an HSBC Financial Professional through HSBC Securities (USA) Inc
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

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