Personal Savings Account
| Personal Savings | Savings | Child | Youth | Non-Interest Bearing Savings | Holiday |
|---|---|---|---|---|---|
| Minimum Deposit to Open Account | $10 | $10 | $10 | $10 | $10 |
| Minimum daily balance to avoid service fee | $0 | $10 | $10 | N/A | $0 |
| Monthly Service Fee | $0 | $2 | $2 | $5 | N/A |
| Service charge per check in excess of 50 per statement period | N/A | N/A | N/A | $5 | $5 |
| Service charge per Bill Pay item in excess of 50 per calendar month | Yes | No | No | No | No |
| Non-Sufficient funds (NSF) fee | $2 | N/A | N/A | N/A | N/A |
| Returned check fee - Per check returned from a deposit | $5 | $5 | $5 | $5 | $5 |
Money Market Account
| Money Market | Fee |
|---|---|
| Minimum Deposit to Open Account | $500 |
| Minimum daily balance to avoid service fee | $500 |
| Monthly Service Fee | $5 |
| Non-Sufficient funds (NSF) fee | N/A |
| Returned check fee - Per check returned from a deposit | $5 |
IRA / SEP Account
| IRA / SEP | Fee |
|---|---|
| Minimum Deposit to Open Account | $25 |
| Minimum daily balance to avoid service fee | $10 |
| Monthly Service Fee | $2 |
| Non-Sufficient funds (NSF) fee | N/A |
| Returned Check Fee – Per check returned from a deposit | $5 |
Personal Checking Account
| Personal Checking | *Checking | Cash Account | Youth Checking |
|---|---|---|---|
| Minimum Deposit to Open Account | $0 | $0 | $0 |
| Monthly Service Fee | $5 | $2 | $0 |
| Service Charge per Check in Excess of 50 per Statement Period | $1 | N/A | N/A |
| Service Charge per BillPay – Item in Excess of 50 per Calendar Month | N/A | N/A | N/A |
| Non-Sufficient funds (NSF) fee | $20 | N/A | $20 |
| Returned check fee - Per check returned from a deposit | $5 | $5 | $5 |
*Options to avoid the monthly service fee:
1. 2. Have a minimum average daily balance***of $500.00 OR
Have a combined average balance of at least $1,500.00 across all qualifying accounts including:
Membership Share, Regular Share, Money Market, Share Term Certificate (STC), Retirement Account (IRA) or Holiday Share, OR
3. Set up Direct Deposit of $500.00 or more each month OR
4. Make at least 15 debit card transactions per month
Business Accounts Fee
| Business Account | Membership Share | Business Savings | **Business Checking | Business Money Market |
|---|---|---|---|---|
| Membership Fee | $8 | N/A | N/A | N/A |
| Minimum Opening Deposit | $10 | $100 | $100 | $1000 |
| Minimum Daily Balance to Avoid Service Fee | N/A | $100 | N/A | $1000 |
| Monthly Service Fee | N/A | $10 | $10 | $10 |
| Returned Check Fee - Per Check Deposited | $5 | $5 | $5 | $5 |
| Bill Pay | N/A | N/A | $0 | N/A |
| Non-Sufficient Funds (NSF) Fee | N/A | N/A | $20 | N/A |
| Additional Item* Fee (Post Free Transaction) | N/A | N/A | $0.50 | N/A |
**Options to avoid the monthly service fee: Minimum average daily balance***of $500.00 OR Pair with a Business Money Market Account OR
Combine average daily balance*** of $15,000 or more across all LCCU business accounts.
Other Fees
| ATM, Debit and Cash Account | Fee |
|---|---|
| Reissue Card Replacement Fee | $0 |
| Lost Card Replacement Fee | $10 |
| In-network ATM Fee (LCCU ATMs) | $0 |
| Out-of-network ATM Completed Transaction Fee | $0.75 |
| Out-of-network ATM incomplete / Incomplete transaction | $0.35 |
| Internal Transaction Fee | 1% |
| Card Rush Delivery fee | $15 |
Credit Cards
| Credit Cards | Fee |
|---|---|
| Visa® Annual Fee | $0 |
| Late Payment Fee is up to | $10 |
| Over Limit Fee | $0 |
| Returned Payment Fee up to | $5 |
| Cash Advance Fee (ATM Transactions | $0.75 |
| International Transactio Fee*** | 1% |
| Cash Advance | $0 |
Miscellaneous Charges
| Miscellaneous Charges | Fee |
|---|---|
| Check/Statement Copies - per request* | $2 |
| Cashier's Check Purchase | $3 |
| Notary Service | $0 |
| Application/Renewal of ITIN by a Certified Acceptance Agent | $100 |
| ITIN Renewal Form Completion Only | $25 |
| Outgoing Domestic Wire Transfer | $10 |
| Outgoing International Wire Transfer | $25 |
| Incoming Domestic / International Wire Transfer | $0 |
| Verification of Deposit Request | $0 |
| Check Cashing Fee** | $5 |
| ***Inactive Fee | $5 |
| Paper Statement Fee* | $3.50 |
*Copies at no charge are available through LatinoConnect Online Access.
**This fee is waived if the member has a checking account with LCCU.
***We may waive the inactive fee if member (1) generates activity (deposit, withdrawal, funds transfer, etc) on any account within each 365 day period, (2) maintains a combined balance of $500 or more on deposit at the Credit Union, [or] (3) has a share term certificate
(in any amount), loan, or individual retirement account (in any amount) with the Credit Union[. /,] [or] [(4) has contacted the Credit Union through its digital banking platform or call center within the last 12-month period].
*We may waive this fee for members who are of age 65 years or older.
Processing of Items:
LCCU makes every effort to post items presented on your account in the following order:
- All Deposits and other Credits
- Preauthorized Debits* (lowest to highest)
- ACH Debits (lowest to highest)
- Checks (lowest to highest)
* Preauthorized debits are items that LCCU is obligated to pay because the debits were previously authorized based on your account balance at the time you performed the transaction. Preauthorized debits include debit card transactions, ATM withdrawals, account withdrawals performed in a branch and automatic funds transfers.
Funds Availability Policy:
Funds deposited to your account are generally available for immediate withdrawal.
| Item | Availability |
|---|---|
| Cash Deposit with Teller | Same business day |
| Cash Deposit with ATM | Same business day |
| Check Deposit with Teller* | Same business day |
| Check Deposit with ATM | Next business day |
| Direct Deposit | Same business day |
| Wire Transfer Deposit | Same business day |
*If LCCU delays funds availability on a portion of a deposit made in a checking account, the first $275 of that deposit will be made available the same business day. A “business day” is a non-holiday weekday. The end of a business day is no earlier than 5:30 pm, except for ATM deposits.
Fees subject to change at the discretion of the Board of Directors.