As a credit union, we keep our fees to a minimum to cover our costs.
Remember, we have no stockholders to draw profits and our board of directors is composed of volunteers. So we pass that savings directly on to you in the form of lower fees, higher earnings on your deposits, and lower interest on loans.
Membership (Base) Savings — establishes membership with the credit union
Youth and Young Adult Savings — the youth/young adult is the primary account holder; joint account holder required for members under the age of 18
Custodial Savings — a savings account for your child(ren); Custodian required
Special Savings — a way to save for something specific, such as the holidays, a vacation or a new car
All Membership, Custodial, and Special Savings accounts:
All Youth Savings and Young Adult Savings accounts:
Money Market—
Earns dividends on average daily balance of $2,500 or greater during dividend period.
Fee Type | Fee | How to Avoid Fee |
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Inactive savings account (12 months of no activity); applies to balances of $250 or less | $5 per month | Perform at least one transaction per 12 months. |
Excess savings withdrawal: Personal, Custodial, Conservatorship Accounts age 23 and up; Trust Accounts; Estate Accounts | $5 each after 5 per month | Perform fewer withdrawals for larger amounts. |
Excess savings withdrawal: Youth, Young Adult, Custodial, Conservatorship Accounts age birth - 22 | $2 each after 5 per month | Perform fewer withdrawals for larger amounts. |
Money Market minimum balance not met1 | $5 per month | Maintain required balance |
Money Market excessive teller withdrawals | $5 each after 5 per month | Perform fewer withdrawals for larger amounts. |
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Loans—
Fee Type | Fee | How to Avoid |
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Loan payment by phone or via LGE website from another institution | temporarily waived (normally $7.25 each) | Use online banking transfer to loan payment; schedule automatic ACH transfer from your other financial institution accounts. |
Non-Sufficient Funds (NSF) loan payment | $30 each | Verify sufficient funds in account prior to making or scheduling the payment. |
Skip-A-Pay (next loan payment) | $25 each | |
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ATM—
Understanding ATM Fees:
Shared Branching—
Shared branching is here!
Fee Type | Fee | How to Avoid |
---|---|---|
ATM withdrawals at non-LGE ATMs | $1 each | No fee at LGE ATMs; request cash back when making purchases with merchants; refunded to members who qualify for High Rewards Checking. |
Withdrawal at a shared branching location1 | $5 each | |
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Debit/Credit Cards—
Fee Type | Fee | How to Avoid Fee |
---|---|---|
Custom Cards | First card is free; additional and replacement card(s) $10 each | |
Replacement cards (non-custom) | $5 each | |
Visa International Service Assessment, no currency conversion | 1.0% of transaction amount | |
Visa International Service Assessment, with currency conversion | 1.0% of transaction amount | |
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Overdrafts—
Maximum 5 daily Courtesy Pay and/or NSF fees charged to your account (excludes overdraft protection transfers)
Fee Type | Fee | How to Avoid Fee |
---|---|---|
Overdraft Protection transfers from your savings (fee applies when overdraft is created by check, ACH debit, ATM withdrawal, debit card withdrawal, or other electronic method) | $5 per occurrence | Use online banking account alerts; maintain sufficient funds in checking account; use your line of credit for Overdraft Protection transfers. |
Overdraft Courtesy Pay | $30 per occurrence | Use online banking account alerts; maintain sufficient funds in checking account; link account to savings or line of credit for Overdraft Protection transfers. |
Non-Sufficient Funds (NSF) | $30 per occurrence | Use online banking account alerts; maintain sufficient funds in checking account; link account to savings or line of credit for Overdraft Protection transfers. |
Non-Sufficient Funds (NSF) for Bill Pay | $30 per occurrence plus Bill Pay cost | Use online banking account alerts; verify sufficient funds in account prior to scheduling payment. |
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Additional Account Services—
Including savings, checking, and other account services.
Fee Type | Fee | How to Avoid Fee |
---|---|---|
Check orders | Fees depend on style of check ordered (CheckProtect shipping fee and taxes apply to all check orders) | Use Online Bill Pay, debit card, credit card, ACH/automated transfers. |
Copies | $5 per statement/item | View and print statements and check images through Online Banking. |
Deposit Item Returned (when an item is either cashed for you or accepted for deposit to your account and is returned to us unpaid) | $15 each | Use caution when cashing or depositing negotiable items. |
Expedited check request (Bill Pay) | $20 each | |
Return Mail/Bad Address | $5 per month | Maintain current address on account through Online Banking, written, or branch notification. |
Stop Payment (includes Bill Pay) | $30 each | |
Inactive Checking Account (6 months of no activity) - applies to balances of $250 or less | $5 per month | Perform at least one transaction per 6 months. |
Coin machine for non-members | 10% of total amount | |
Express/Overnight delivery | $5 plus cost | |
Legal processing for levies, garnishments, subpoenas, etc. | $50 plus $0.25 per page for item copies (per occurrence) | |
Money orders/Official checks payable to third party | $5 each | |
Research/Balancing of account (minimum 1 hour) | $30 per hour | |
Wire Transfer - Domestic incoming | $15 each | |
Wire Transfer - Domestic outgoing | $20 each | |
Wire Transfer - International incoming | $20 each | |
Wire Transfer - International outgoing | USD $65; Foreign $45 | |
Balance Inquiry Fee | $2 each | Utilize Online or Mobile Banking, Memberline, or Balance Alerts for updated balance information. |
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