Enjoy additional free services with Relationship Checking.
Don't stress about maintaining a certain balance in your checking — there is no minimum balance required for our checking account. Maintenance fees? None here! Ditch the big banks and enjoy our strictly no-fee checking account.
Ready for the best part? Funds in your checking account earn dividends from the date of deposit! Take advantage of our NEW 2.02% APY* High-Yield Checking on checking account balances up to $25,000 with a monthly qualified direct deposit of $500 or more.***
Effective Aug 1, 2022
|Balance||Min to Open||Dividend||APY*|
|$0 - $25,000||$5**||2.00% High-Yield***||2.02% High-Yield***|
With the CO-OP network, you have access to an extensive network of over 30,000 surcharge-free ATMs worldwide including locations at popular retailers such as 7-Eleven, Royal Farms, Wawa, Costco, Dunkin Donuts and Rite-Aid.
Plus, with our share branch network, you can conduct your Lafayette Federal banking in more than 5,000 shared branches, accessible in every state across the country, and around the world. Learn more about shared branches.
Protect yourself from accidental overdrafts with our overdraft protection. Lafayette Federal offers members a variety of overdraft protection options including Courtesy Pay and REDI-CASH. Learn more about our overdraft protection options.
Stay on top of your account, debit card, and credit card activity with Lafayette Federal's account alerts! Register for a range of customizable alerts, and receive a text message or email on your account activity. Learn more and sign up for alerts.
Stress less knowing your money is protected. Your savings are federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. government.
With our fully-upgraded Online Banking & Mobile App, you've got complete control of your finances, all in one place. Enjoy new and improved features in our up-to-date platform. Learn more about our online banking and mobile app.
Use Apple Pay, Google Pay, or Samsung Pay with your compatible device to pay in stores without swiping your cards and in apps without entering payment and contact information.
To get started, simply download your respective app, and enter the requested information. You will then be prompted to call the phone number that appears to validate your card and complete the enrollment process. This process will take 5 to 10 minutes to complete, and you will be asked to verify your most recent transaction (so have that handy). After the merchant name and amount is provided, your card will be verified and ready for use.
Since 1935, Lafayette Federal Credit Union has been dedicated to providing its 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.
Our debit card allows you to make purchases and get cash anywhere Mastercard®, Cirrus, Credit Union 24 or Member Access cards are accepted. Request one when you open your checking account.
In addition to the ATMs at our branch locations‚ and a number of credit union owned ATMs throughout the D.C. area, our members have access to an extensive network surcharge-free ATMs worldwide.
Our Relationship Checking program rewards those members who choose to maximize their financial relationship with us. If you have a checking account with direct deposit, you may qualify for a Checking Account that provides an attractive package of rewards. And the more rewards you get, the more money you save and earn.
There are four different levels of relationship checking:
|Bill Pay with no fee||x||x||x||x|
| Identity Theft Security |
(ID Restoration FREE for 6 months/ID Protect Plus FREE for Presidential)
| Incoming wire (no fee)||x||x|
| Cashiers check (no fee)||x||x|
| Stop payment order (no fee)||x||x|
| Share draft photocopy (no fee)||x||x|
| Replacement ATM/debit card (no fee)||x||x|
| Replacement ATM/debit PIN (no fee)||x||x|
| $5 credit for purchase of checks||x|
| Verification of deposit (no fee)||x|
| Statement photocopy (no fee)||x|
|NEW- Four boxes of checks per year**||x|
Lafayette Federal Checking with Qualified Direct Deposit is required
Combined average monthly share and loan balance of $500,000+ with at least $20,000 in deposits is required
Combined average monthly share and loan balance of $250,000+ with at least $5,000 in deposits is required
Combined average monthly share and loan balance of $10,000+ with at least $1,000 in deposits is required
Lafayette Federal Checking Account with Qualified Direct Deposit is required
We have eight convenient locations in the D.C. metropolitan areaOpens in New Window where our branch staff will be happy to assist you through the account opening process, and answer any questions that you may have.
We offer sound savings solutions with our NEW nationwide-leading, top-tier deposit rates!
Kick-start your summer savings
Enjoy our 2.02% APY³ Checking — a premium rate over 65 times higher than the national average¹
Simple terms, outstanding rate
Our members have access to Co-Op Network Shared Branches & ATMs for all basic transaction needs.
Access branches and ATMs nationwide