APR, or annual percentage rate, is your interest rate stated as a yearly rate. An APR for a loan can include fees you may be charged, like origination fees. APR is important because it can give you a good idea of how much you'll pay to take out a loan and this helps comparison-shop for loans.

Annual Percentage Yield (APY) is the amount of interest you earn on an account in one year. APY is different than simple interest: while with simple interest the deposit earns the same amount every month, APY reflects compounding, which means that you earn interest on the money you put into the account and on the interest that you receive over time. APR, or annual percentage rate, is your interest rate stated as a yearly rate. An APR for a loan can include fees you may be charged, like origination fees. APR is important because it can give you a good idea of how much you'll pay to take out a loan and this helps comparison-shop for loans.

Amortization is the process of paying off debt by making monthly payments. The longer the amortization period of a loan, the lower the payments. In general terms, a portion of each payment is first applied to the current amount of interest owed and the remainder to the remaining principal. As the loan matures, less is required for interest and more is applied to the principal. Please note, if there are outstanding fees or escrow amounts, a portion of the payment would be applied to these before covering interest.

A certified check is a check written by a member and is guaranteed by a financial institution. Funds are removed from the member's account and placed in a general ledger account. The financial institution therefore has the funds set aside and is ready to pay the check when it is presented.

Yes, Landmark offers Visa gift cards to our members. Cards can be purchased in any amount between $10.00 and $1,000.00. There is a $3.00 fee which you will be charged when purchasing the gift card. The cards can be used at most merchants where Visa is accepted. Special holds apply to transactions at certain types of merchants, such as hotels, restaurants, car rental facilities and pay-at-the-pump stations. To use the card online, the cardholder will need to visit the website listed on the back of the card to complete name and address verification. Please visit any of our branches within the lobby or drive-thru to purchase your cards today!