New Member Checking Account Offer
Open a new Checking Account at our Kensington branch to earn an Easy $1501
Welcome to your new branch
We are excited to service the Montgomery County community. Unlike traditional banking, we return our profits to our members in the form of better rates, lower fees and greater service. Take a look at some of the new services offered at this location.
How to Earn Your $150 Bonus
In order to earn your $150 you must be a new member. Check out our steps to earn below.
Open a Checking Account
Open a Lafayette Federal checking account with a $50 deposit at the Kensington branch or online, receive a debit card, and enroll into online banking to be eligible.
Get direct deposit
To receive an additional $100, set up and maintain at least one qualified direct deposit of at least $500 per month.
Bonus time!
Your additional $100 will be deposited within 45 days of account opening. View our full disclosure here.
An Easy $150 is Waiting For You
Earn $150 when you open a new Checking Account at our Kensington branch location. To earn the $150, open your account with a $50 deposit, and make a qualified direct deposit of $500 or more within 45 days to qualify.
Disclosures
1Offer valid through December 31, 2024. Membership application must be completed and a copy of a government issued photo ID must be included. Account must be opened at Lafayette Federal’s Kensington Branch. Member must fund the $50 par value in the savings account and open a Lafayette Federal checking account, debit card, and online banking to be eligible. Lafayette Federal will match the required par value by depositing $50 into the checking account at account opening. To receive an additional $100, member must set up and maintain at least one (1) qualified direct deposit of at least $500 per month. Qualified direct deposit is a recurring direct deposit of a paycheck, pension, Social Security or other periodic payment of at least $500 into a checking or savings account on a month-to-month basis made by an outside organization or agency. $100 will be deposited within 45 days of account opening. Lafayette Federal membership required. $50 minimum balance required to open and earn 0.10% APY (APY=Annual Percentage Yield) on Lafayette Federal share savings account balances. Rates effective as of November 19, 2024. Your savings are federally insured up to $250,000 by the National Credit Union Administration, an agency of the U.S. government.
Visit The Kensington Branch
Do more with your banking relationship at our Kensington branch. Located in the heart of Kensington, Maryland our branch stands as a proud member of this vibrant community.
Lobby Hours
Monday to Friday: 8:30 a.m. – 4:00 p.m.
Saturday: 9:00 a.m. – 12:00 p.m.
Sunday: Closed
Contact
Phone: (301) 929-7990
Toll Free: +1 (800) 888-6560
Fax: (703) 639-1819
Due to processing delays caused by security restrictions, no mail is accepted at the Kensington Financial Service Center. Please send all mail to our Corporate Office.
Earn $150 For Opening A New Checking Account
We will match your $50 minimum deposit, and you can receive an additional $100 if you set up and maintain a monthly qualified direct deposit.¹
Refer New Members and Get Rewarded
Your loyalty to Lafayette Federal means the world to us, and we want to thank you for sharing your wealth. When you refer friends and family, you and your referral earn money! Learn how to get more money in your pocket.
Earn More With Our High Yield Accounts
You aren’t average, neither are we. Earn more than the national average with us.
The Credit Union Difference
At Lafayette Federal Credit Union we want to see you one step closer to higher earnings. Bank with us to experience the credit union difference.
Cooperative
Credit Unions are financial cooperatives. That means we work together toward one common goal– helping our members prosper.
Not-for-profit – Fewer fees, lower rates
As a not-for-profit financial cooperative, we return our profits to our members in the form of better rates, lower fees and greater service.
Member Owned
Each member can exercise their voting rights to fill seats on the Board of Directors. The directors advocate for membership.
Earn more with our High Yield Savings Account.
There’s more to saving money. That’s where the Lafayette Federal Premier Savings and Preferred Savings accounts come in. Earn up to 4.06% APY¹ on balances up to $50,000.
High-Yield Checking Account Rates
Discover the benefits of saving (and earning) with Lafayette Federal.
Open Your High Yield Savings Account.
|
Balance |
Min. to Open |
Min. to Earn APY1 |
Dividend |
APY1 |
|---|---|---|---|---|
|
Savings Account dividends are compounded and paid quarterly on the first day of the next dividend period. Dividend Rates and APYs are variable and are subject to change. Certain fees and charges may apply to your share account as disclosed in the current Schedule of Fees. Assessed fees may reduce earnings. 1APY=Annual Percentage Yield. The rates and terms shown are effective as of November 1, 2024. |
||||
|
Balance up to $19,999 |
Min. to Open $50 |
Min. to Earn APY1 $50 |
Dividend 3.30% |
APY1 3.34% |
|
Balance $20,000 or more |
Min. to Open $20,000 |
Min. to Earn APY1 $20,000 |
Dividend 3.60% |
APY1 3.65% |
|
Balance |
Min. to Open |
Dividend |
APY1 |
|---|---|---|---|
|
Savings Account dividends are compounded and paid quarterly on the first day of the next dividend period. Dividend Rates and APYs are variable and are subject to change. Certain fees and charges may apply to your share account as disclosed in the current Schedule of Fees. Assessed fees may reduce earnings. 1APY=Annual Percentage Yield. 2The Premier Savings Account is a tiered-rate account with different rates applied to the different tiers. Member must maintain at least $50,000 in the account to earn dividends on this account. The rates and terms shown are effective as of November 1, 2024. |
|||
|
Balance 1st $50,000 |
Min. to Open $50,000 |
Dividend 3.60% |
APY1 3.65% |
|
Balance 2nd $50,000 |
Min. to Open – |
Dividend 3.70% |
APY1 3.75% |
|
Balance next $150,000 |
Min. to Open – |
Dividend 3.80% |
APY1 3.85% |
|
Balance next $250,000.00 – $99,999,999.99 |
Min. to Open – |
Dividend 4.00% |
APY1 4.06% |
Kensington Team
View our Kensington team below and schedule a call or meeting to get started.
Luis Macias
Ashley West
Services
One on-one meeting spaces
New Accounts: Membership & deposit
Deposit-taking ATM
Accessible: Handicap parking, ramps, exchange written notes
Supports EMV
Certified Financial Counselor available
New Loans: Approval & distributions
Surcharge-free ATM
Accepts cash deposits
Mortgage Specialist available
Federal Holiday Schedule
Our offices are closed on the following holidays. (ATM, Online Banking and Audio Response service will still be available on these days.) The Call Center is open 24 hours a day, 7 days a week for continued service during branch closure. Simply call: +1 (800) 888-6560 or (301) 929-7990 to speak to a representative.
2024
Monday, January 1 — New Year’s Day
Monday, January 15 — Birthday of Martin Luther King, Jr.
Monday, February 19 — Washington’s Birthday
Monday, May 27 — Memorial Day
Wednesday, June 19 — Juneteenth National Independence Day
Thursday, July 4 — Independence Day
Monday, September 2 — Labor Day
Monday, October 14 — Columbus Day
Monday, November 11 — Veterans Day
Thursday, November 28 — Thanksgiving Day
Friday, November 29 — Friday After Thanksgiving (LFCU Observed)
Saturday, November 30 — Saturday After Thanksgiving (LFCU Observed)
Tuesday, December 24 — Christmas Eve (Close at 12:00 p.m.) (LFCU Observed)
Wednesday, December 25 — Christmas Day
Wednesday, January 1 (2025) — New Year’s Day
Get started today.
Schedule a virtual appointment, reach out via phone or email, or open an account online.
Call 301-929-7990
Email membership@lfcu.org
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