New Member Program
Make the switch and earn up to $750!
Make Lafayette Federal Your Credit Union for Life
Since 1935, Lafayette Federal has been providing members with the means to achieve financial security and independence. Each year, we have built upon our accomplishments to remain one of the premier financial institutions in the DC Metro area, resulting in national recognition from industry leaders.
We’re paying YOU up to $750 to make the switch to our member-owned, award-winning credit union!
Earn money for each product or service you open with us.
$100
When you open a Lafayette Federal Checking Account and establish Qualified Direct Deposit1
+$50
When you open a Lafayette Federal Credit Card2
+$50
When you open a Lafayette Federal Share Certificate with $10,000+3
+$50
When you open a Lafayette Federal Preferred or Premier Savings with $10,000+4
+$500
Closing cost credit towards a Lafayette Federal Mortgage Loan5
Membership open to everyone, nationwide.
Earn money for each product or service you open with us.
Washington, DC Metro Area
Live, work, worship, or attend school in the Washington, D.C. metro area? Learn how you could be eligible.
Outside of Washington, DC Metro Area
Live outside of the Washington, D.C. metro area? No problem! Get a lifetime Home Ownership Financial Literacy Council (HOFLC) membership for only $10, and you’re automatically eligible for membership at Lafayette Federal
Our members say the nicest things.
I have been a member with LFCU for over 3 decades and the family service has never diminished. I go back to Patrick, Abbey, and Jack Welty who were there from the beginning setting the community banking standards. I vividly remember they were always there for the customer. No question was too small and they always answered your phone call. Working with Jermaine and Alieu has been nothing short of outstanding. To that end, I am clear that they continue to maintain the standards and level of customer service that the above-mentioned LFCU luminaries committed to over three decades ago. With mortgage rates so competitive, I did have a competing offer on a 30-year fix mortgage, but chose to stay with the LFCU family because of the great customer service.
Alonzo F. Member for over 30 Years
Want more? You got it.
Enjoy premium accounts and benefits.
We offer what you need, when you need it.
- No minimum balance requirements or monthly maintenance fees
- 24/7 management of your account(s) via Online/Mobile Banking
- FREE Bill Pay, mobile deposit, and bank-to-bank transfers
- Discounts on auto loans, mortgage loans, and more with Qualified Direct Deposit
- Worldwide access to your money via surcharge-free ATMs & Shared Branches
- FREE member perks and programs
We’re always here to help you achieve more.
Explore our blog for tips, practical advice, and financial guides on how to achieve your goals today and tomorrow.
Federal Banking Regulations: Protecting you and your money.
Federal banking regulations are essential frameworks established to ensure the safety, soundness, and efficient operation of the banking system, thereby protecting consumers and their money. These regulations cover a wide range of activities, from how financial institutions lend money to how they manage customers’/members’ deposits. Let’s take a detailed look at what these regulations are,…
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Teaching Kids About Money: Financial Literacy for the Next Generation.
Teaching kids about money is one of the most important things we can do as parents and family members. Money plays a major role in shaping our lives and how we live them, and teaching kids about spending wisely, the importance of saving, and learning money management skills helps set them up to succeed as…
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Green Banking: How credit unions support environmental sustainability.
The start of spring, with everything starting to bloom, is a good time to discuss green banking. Maybe you’re wondering what exactly green banking means? And what is a green bank? There is a bit of confusion about this, which is understandable given the relative recent introduction of these ideas into the financial services sector.…
Read moreThere’s even more to explore.
Membership Benefits
When you become a Lafayette Federal member, you get much more than great rates, exceptional service, and a credit union family for life.
About Lafayette
Read about where our story began, who we are now, and where we’re going.
Disclosures
*Offer subject to change without notice. Cannot be combined with any other new member offers. Members who have received previous new member/direct deposit promotions in the past 12 months do not qualify. Business accounts are excluded from offer. Membership eligibility required. Must first set up Checking/Qualified Direct Deposit to be eligible for the remaining incentive money. 1Members who open a Checking Account and Qualified Direct Deposit will receive a $100 deposit to their Checking Account. If account is closed within first 6 months, promotional deposit will be deducted from account. Qualified Direct Deposit is a recurring direct deposit of a paycheck, pension, Social Security or other periodic income payment of at least $500 into a Savings or Checking Account on a month-to-month basis made by an outside organization or agency. 2Members who open a Credit Card no later than 60 days after account opening will receive a $50 deposit to their Checking Account. 3Members who open a Share Certificate no later than 60 days after account opening will receive a $50 deposit to their Checking Account. 4Members who open a Preferred or Premier Savings Account no later than 60 days after account opening will receive a $50 deposit to their Checking Account. 5Members who fund a Mortgage Loan no later than 6 months after account opening will receive a $500 closing credit towards their Mortgage Loan. $50 minimum balance required to open and earn 0.10% APY (APY = Annual Percentage Yield) on Lafayette Federal Share Savings Account balances. $5 minimum balance required to open and earn 2.04% APY on LFCU Checking Account balances up to $25,000 and 0.025% APY on Checking Account balances over $25,000. Please visit LFCU.ORG/2FOR22 for full Checking Account requirements. Rates current as of January 1, 2024 and subject to change without notice. Your savings are federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. government. Lafayette Federal is an equal opportunity lender. LFCU NMLS #464425
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