Fee Schedule
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.
Personal
Savings Accounts
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:
- $5 minimum deposit to open and maintain (Special Savings does not require minimum deposit)
- Earns dividends on average daily balance of $100 or greater during dividend period
- No monthly maintenance fees when account is active
All Youth Savings and Young Adult Savings accounts:
- $5 minimum deposit to open and maintain
- Special dividend on first $1,000 balance
Money Market Accounts
Money Market—
Earns dividends on average daily balance of $2,500 or greater during dividend period.
Personal Savings (Base/Special) and Money Market Account Fees
| Fee Type | Fee | How to Avoid Fee |
|---|---|---|
| Check cashing for savings-only members | 1% of check ($5 minimum) | Apply for a checking account with LGE. |
| 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 met | $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
Loans—
- Credit Cards — Apple Pay available
- Vehicle loans — auto, motorcycle, boat, RV
- Student loans
- Personal loans
- Debt protection
Loan Fees
| Fee Type | Fee | How to Avoid |
|---|---|---|
| Loan payment by phone or via LGE website from another institution | $7.50 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 (only once every 12 months) | |
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ATMs
ATM—
Understanding ATM Fees:
- Surcharge Fee from ATM operator: When using an ATM other than LGE’s, the operator of the ATM will usually charge you a fee. These charges typically range from $1.50 to $3.50 and are not determined by LGE. You may be charged a fee for a balance inquiry even if you do not complete a fund transfer.
- Non-LGE ATM Fee: Members will be charged a $1 transaction fee for withdrawing at a non-LGE ATM. You can receive a refund of these fees at the end of each month when you qualify for High Rewards Checking.
ATM Fees
| 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. |
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Debit/Credit Cards
Debit/Credit Cards—
- Chip enabled
- Mobile Wallets available
- Visa Checkout available
- No annual fee
Debit/Credit Card Fees
| 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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Overdraft Services
Overdrafts—
Maximum 5 daily Courtesy Pay and/or NSF fees charged to your account (excludes overdraft protection transfers)
Overdraft Fees
| 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. |
| Overdraft Courtesy Pay fee | $30 per occurrence | Use Online Banking account alerts; link account to savings account for lower overdraft fee. |
| Non-Sufficient Funds (NSF) | $30 per occurrence | Use Online Banking account alerts; link account to savings account for lower overdraft fee. |
| 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 Services
Additional Account Services—
Including savings, checking, and other account services.
Additional Fees
| 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. |
| Check cashing for non-members (LGE Checks, LGE Money Orders/Official Checks, Bill Pay Checks, LGE Prime Equity Plus Checks) | 1% of check ($5 minimum) | |
| 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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Processing Policies — click here for the Membership Account Agreement
Funds Availability Schedule — click here for the Membership Account Agreement