Free Checking

  • No Minimum Balance Required. The member is not required to maintain a high balance in the account to avoid fees.
  • Unlimited Check Writing Privileges. There is no charge for each check the member writes.
  • No Monthly Service Charge. Most banks charge $5-$10 per month to maintain a checking account. Our members avoid this cost.
  • Overdraft Protection. The member has the option to automatically transfer funds from his/her primary savings account if the Checking account becomes overdrawn, with a nominal charge of $3. This occurs only six times in a month before the member will be charged an overdraft fee. The $5 (one share) in the savings account cannot be transferred to cover an overdraft. Overdraft fees will apply for each item paid using ODP.
  • Courtesy Pay. This is a service that is provided to the members of LLCU depending upon the Checking Account for which they qualify. If their credit score is 580 or better, they will qualify for the Regular Checking Account. They will have Courtesy Pay available in the amount of $700.00. If their credit score is 470-579, they will qualify for the Basic Checking Account. They will have Courtesy Pay available in the amount of $300.00. Fraudulent codes from ChexSystems will disqualify a member for a Checking Account.
  • Over Draft Line of Credit. A revolving line of credit that will transfer overdraft amounts automatically to the checking account. There is no fee for each transaction, but interest will accrue. The member must complete an application and be approved for this loan.
  • Direct Deposit. Many members have the capability of having their pay deposited to their account electronically by their employer. LLCU will accept direct deposits from any company that will send it to us directly.
  • Monthly Statements. Members receive monthly statements that indicate deposits, withdrawals, ATM transactions, Lincoln Line transactions, cleared checks, fees, and any other transactions on the account. E-Statements are available to anyone enrolled in Home Banking by signing the disclosure form accepting E-Statements. If the member enrolls in E-Statements, they will no longer receive paper statements.
  • Carbonless Copy Checks. A carbonless copy is made with every check the member writes – thus cancelled checks are not returned to the member each month. Only in rare cases is it necessary to request a copy of the actual check.
  • ATM/Debit Cards. Available to each member pending individual approval.
  • Online Banking and Electronic BillPay. These services are available to all our members.