Products and Services
Deposit Products
SAVINGS (Shares account)
You need only a minimum deposit of $5 to open a savings
account at LFCU! We pay one of the highest yields in the Rochester area.View our
current rates. With
a savings account from LFCU, you have immediate access to your money when you need
it and there is no minimum balance requirement. (Other than the $5 membership).
You may also take advantage of our Holiday Savings Accounts which earn you the same
great interest yield as our regular savings accounts. Your funds will be available
beginning the first Monday in October for holiday spending.
SHARE CERTIFICATES (CDS)
With this flexible term savings account you will earn higher dividends than with
our regular shares (savings) accounts. Currently we are offering 6,12, 24, and 36
month terms at very competitive rates. Our minimum deposits start at only $500 for
this risk free investment.
CHECKING
Enjoy unlimited check writing without per-check charges, no minimum
balance requirements, and no monthly maintenance fees. LFCU will provide your first
50 checks at no charge! If you maintain an average daily balance of $1000 or more,
you will also earn interest on your checking account at LFCU!
VISA® DEBIT CARD
Enjoy access to your funds 24 hours a day, 7 days a week!
Our card works like a check but acts like a VISA card. With a
network of ATMs, in the Rochester
area, you will have free access to your checking and savings accounts.
Worried about bounced checks? Apply for an overdraft line of credit and ease
your mind! If you accidentally overdraw your checking account, LFCU will automatically
advance the necessary funds from your credit line. Your check will be paid without
being returned, and there is no expense to you if you don’t use your line of credit.
If you choose not to apply for an overdraft line of credit, LFCU offers yet another
option to cover bounced checks. Our share transfer overdraft allows us to transfer
funds from your savings account in the exact amount needed to pay your checks. Ask
for details about this convenient option.
DIRECT DEPOSIT
Lyell Federal Credit Union offers Direct Deposit (payroll deduction)
from virtually any payroll department or government office. Enjoy the ease and security
of having your pension checks or Social Security deposited directly into your account
at LFCU. Your LFCU loans can be automatically paid without the hassle of a monthly
bill and you will have peace of mind knowing that the payments are made on time
each month! The Lyell Federal Credit Union Routing and Transit number is 222382137.
Your payroll department will need this number to process the payroll that you would
like directed to your account(s).
Loan Products
At Lyell Federal Credit Union you’ll find competitive rates on a variety of
loan products such as a Visa Platinum credit card, auto, recreational vehicle, personal, vacation, holiday, home equity,
home improvement, and mortgages! If you arrange to pay your monthly loan payment
using our direct deposit/auto-pay option, you will receive an additional .25% off
the annual percentage rate! (Offer not valid on home equity lines of credit and
overdraft lines of credit) View our current rates or
apply online for a loan.
VISA PLATINUM CREDIT CARD
Whether you’re traveling the world or stopping by the grocery store,
you need a card that’s dependable, fast and convenient. Our VISA
Platinum card is accepted at millions of locations worldwide and it’s
designed to make your life easier.. no matter where life takes you!
AUTOMOBILE/RECREATIONAL VEHICLE LOANS
With an auto loan from LFCU, you can finance a new or used car with flexible
terms and affordable monthly payments. With our fast approval process, you could
be driving a new car sooner than you think! We will also finance motorcycles, boats,
and RV’s.
PERSONAL LOANS
A personal loan from LFCU will help you pay for life’s unexpected challenges.
Whatever your loan needs, be sure to ask a member service representative about the
best way to finance your purchase.
VACATION AND HOLIDAY LOANS
Thinking of taking the trip of a lifetime or buying the perfect gift for that
special person? Our vacation and holiday loans are for a term of 12 months with
a $2000 limit. The holiday loan is offered from October 1st thru January 31st while
the vacation loan is offered throughout the remainder of the year.
SHARE SECURED LOAN
This low interest loan is secured by your savings and is for our members who
want to maintain a balance in their savings account yet need money for a variety
of reasons. Reap the benefits of a loan while continuing to earn interest on your
deposits.
OVERDRAFT LINE OF CREDIT
If you accidentally overdraw your checking account, LFCU will automatically advance
the necessary funds from your credit line (up to your available limit) to your checking
account. Your check will be paid without being returned. There will be no expense
to you if you don't use your line of credit.
HOME IMPROVEMENT LOAN
Home Improvement loans are available to those members who may not have equity
built up in their homes and prefer a low interest, fixed rate product for their
home inprovement needs.
Home Equity Products
HOME EQUITY LINE OF CREDIT
LFCU offers three convenient options for borrowing against your home's equity.
With our Home Equity Lines of Credit, you have easy access to your funds with no
annual fee and no closing costs (if you keep the line of credit open for a minimum
of two years). You can finance home remodeling, pay college tuition, take a vacation,
or consolidate your high interest bills into one easy payment. Ask a member service
representative about a program that will work best for you.
HOME EQUITY LOAN (Installment Loan, fixed rate)
A Home Equity Loan from LFCU is a great way to use the equity in your home to
get the money you want in a lump sum for home improvements, vacations, debt consolidation,
college tuition, a new automobile and more! Enjoy the security of a fixed monthly
payment.
Services
AUTOMATIC PAYMENT AND DIRECT DEPOSIT
For your convenience, LFCU offers Direct Deposit (payroll deduction) from virtually
any payroll department or government office. Your LFCU loans can be automatically
paid from your shares account every month by direct deposit and at the same time
you will receive .25% off the annual percentage rate! (Offer not valid on Home Equity
Lines of Credit and Overdraft Lines of Credit)
ONLINE ACCOUNT ACCESS
You can access your accounts 24 hours a day, 7 days a week from the comfort of
your home or office. To sign up for this convenience click on the tab at the top
of this page called "Online Account Access".
NOTARY SERVICES
Ask at our teller window for a member service representative who can assist you
with your Notary needs.
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