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LFCU offers members a versatile, convenient share draft checking account.
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Share Draft Checking Features |
- No minimum balance to open
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- No monthly service charge
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- Overdraft protection option (with credit approval)
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With this account, you can write as many checks as you wish each month and there's no minimum balance needed to avoid monthly service charges. For added value, you can obtain a VISA debit card, and a $1000 line of credit for use when you need them.
LFCU's share draft account is available exclusively to credit union members. Once you have established your share savings account, you can open your personal or joint share draft account. All share draft services are subject to credit approval.
You can have all or a portion of your paycheck deposited automatically at no charge. And, you can use our audio response system or our internet banking to make free transfers of money from your savings to your share draft checking account.
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Monthly Statements
Each month you receive an easy-to-read account statement, showing your current balance and listing all deposits, VISA debit card transactions, and withdrawals that have cleared your share draft account during the month.
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VISA Debit Card
Establishing a share draft account also makes you eligible for a VISA debit card that allows you to pay for purchases out of your checking account without writing a check. Your VISA debit card also doubles as an ATM/point of sale card. Simply use your card and your four-digit personal security number to access your checking account funds.
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Line of Credit
By adding a $1000 line of credit to your share draft account, you can protect yourself against accidental overdrafts. The normal fee for overdrafts is $25. In addition to providing overdraft protection, the line of credit gives you the power to write yourself a loan when you need more money than you have in your share draft account.
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How to Apply
Once you have completed an application for membership, very little additional information is required to open your share draft checking account. Any of our friendly member service representatives will be glad to help you. | 
