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Checking Accounts + Cash Card

Manage your everyday spending PLUS earn up to 2.02% APY¹.

Open an Account

Open an account

Please choose one of the following options:


Speak with a local Member Service Representative

Call us: 1 (800) 888-6560

Representatives are available 24/7 to assist you.

Quality checking with all the perks you need to succeed.

When you open a checking account with Lafayette Federal, you get free online banking, mobile deposits on us, and the ability to earn up to 2.02% APY1 on your money. Plus, you never have to worry about minimum balances or maintenance fees.

Card benefits and features, designed for you.

Request a Mastercard® Debit Card when you open your checking account to take advantage of the following benefits:

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Instant Access & Transactions

Enjoy instant access to your funds and a hassle-free banking experience. Effortlessly manage your finances, make purchases, and access cash whenever you need it.

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Account and Card Alerts

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 about our Mobile Banking features.

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Mobile Payments

Link your card with popular mobile payment platforms like Zelle, Cash App, and Venmo. Enjoy the convenience of transferring money to friends and family, splitting bills, and making secure peer-to-peer transactions instantly.

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Online Account Management

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.

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Enhanced Card Security

Take advantage of security features, including fraud protection and EMV chip cards, ensuring the safety of your transactions. In case of a lost card or travel plans, contact for prompt support.

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Instant Issue & Personalized Service

Access one-on-one support online, over the phone, or stop by one of our branch locations. Take advantage of in-branch instant card issue and receive new card on the spot, ensuring uninterrupted access to your funds.

Shop & pay for purchases with the mobile device of your choice.

Use Apple, Google, or Samsung PayTM on your compatible device to pay in stores without opening your wallet. Plus, make in-app purchases without entering payment and contact information. Here’s how to get started:

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Download Apple, Google, or Samsung Pay.

Enter the requested information before calling the provided phone number to validate your debit card.

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Find your most recent transaction

To complete enrollment, you’ll be asked to verify the most recent transaction on your debit card — so be sure to have that handy. This part of the process takes 5 to 10 minutes to complete.

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You’re all set!

After you provide the merchant name and the amount, your card will be verified and ready to make purchases online and in person.

Lafayette Federal High-Yield Checking

Take advantage of our new 2.02% APY1 High-Yield Checking on balances up to $25,000 with a monthly qualified direct deposit of $500 or more.3

Checking Accounts


Min. to Open 



1APY=Annual Percentage Yield. 2Plus cost of check style selected. 3The high-yield bonus dividend rate of 2.02% APY is for primary checking balances up to $25,000, and is in addition to the base rate of 0.025% APY. Total APY earned is 2.04% APY. Business Checking Accounts are excluded. To earn the 2.02% APY bonus rate, member must 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. Dividends are compounded and credited quarterly.

The rates and terms shown are effective as of May 1, 2024.


All Balances

Min. to Open 

$5 2






$0 – $25,000

Min. to Open 

$5 2


2.00% High-Yield3



Maximize your banking potential with our account advantages.

30,000+ Surcharge-Free ATMs and 5,000+ Shared Branches

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. Experience the benefits of the best checking account for someone on the go.

Plus, with our shared 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.

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Relationship Checking Tiers

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 an attractive package of rewards. View our Relationship Checking Tiers.

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Federally-Insured Funds

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 backed by the full faith and credit of the U.S. government.

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Frequently Asked Questions

You may establish card controls within the Online Banking, including debit card blocks, alerts, and more. For cancellations, disputes, and lost/stolen cards, please contact us.

The credit union’s notification system through Online Banking is designed to send you up-to-date informational alerts on your account activity via email or text message.

Some of the features available to you:

    • Be alerted to Savings/Checking Accounts balances falling below a certain amount.
    • Get notified when an overdraft transfer has been made.
    • Know exactly when your deposits or withdrawals of a specific value are posted.
    • Stay on top of your loan by having notices sent out (e.g. Payment Posted, Loan Payment Not Received).


To take advantage of this feature:

  1. Log into your Online Banking account
  2. Select More > Add a New Alert
  3. Choose the account or card you wish to add an alert to
  4. Select an alert type and delivery method (email or text)
  5. Click Save.

To set up debit card alerts, visit the Cards section of online banking, select the appropriate card, and then click the Add Alert button. Next, select your desired alert type, then method of communication.

You may change your debit card PIN anytime by dialing 1 (866) 985-2273 or, if outside of the U.S., 1 (531) 262-5314

Call the number above from the telephone number listed on your account. In order to change your debit card PIN, you will need to provide the following information:

  • Your card number
  • The four (4) digit expiration date
  • The three (3) digit code on the back of the card near the signature line
  • The four (4) digit PIN of your choice

Call the appropriate phone number:

  • Debit Card Services: 1 (888) 918-7802 or, if outside of the U.S., 1 (636) 722-7111 collect
  • Credit Card Services: 1 (866) 820-2904 or, if outside of the U.S., 1 (636) 722-7111 collect

During Lafayette Federal business hours, you may also contact us directly at (800) 888-6560 or so we can put a hold on your account. If you believe you have misplaced you card, you can put your card on hold via our online banking or mobile app, and give yourself time to locate it before you call in.

In the mobile app or Online Banking, click on Cards, then go to your debit card and click “Block Card” You can unblock at any time!

Previously, you would have only received a personal call from a live agent if card fraud was suspected. With our new system, cardholders will immediately receive automated suspicious activity alerts in the following order. We will not ask for your card number during verification, however, you will receive a four-digit case number to provide to our live agent for verification.

1. Text message and email (if cell phone and/or email are listed on member’s account)
2. Automated call with instructions

A high-yield checking account is a type of checking account offered by some financial institutions, such as banks and credit unions, that provides a higher interest rate or yield compared to the national average of traditional checking accounts. These accounts are designed to help account holders earn more interest on their deposited funds while still offering the convenience of a standard checking account for everyday transactions.

Lafayette Federal Credit Union offers a high-yield checking account at 2.02% APY(Annual Percentage Yield)– a premium rate over 28 times higher than the national average based on the national average of 0.07% APY for comparable checking account rates as published in the FDIC Weekly National Rates and Rate Caps as of January 16, 2024.

It depends on your financial goals. Some things to consider when evaluating a high-yield checking account are:

  • Interest Rate or Annual Percentage Yield (APY)
  • Fees and Balance Requirements
  • Your Spending Habits
  • ATM Access and Surcharge fees
  • Direct Deposit Access
  • Additional Services or Features

Both options offer you higher APY compared to your traditional checking and savings products. There are distinct differences to be made aware of before making a decision.

A savings account is designed for you to save for your financial goals and future. You can save over time and track your savings daily, weekly, and monthly and place it in an account where you do not plan to withdraw the funds frequently.

A checking account is designed for you to use to pay bills, conduct your daily spending, deposit and withdraw funds, send ACH transfers or wires, and more.

So, if you plan to spend money daily while earning interest on your transactions and daily balance quarterly choose a high-yield checking account. If you plan to save money and want to earn interest quarterly only withdraw the funds when you reach a savings goal choose a high-yield checking account.


Direct deposit allows you to earn dividends on your funds immediately and you don’t have to drive to the branches to deposit. Also, members who use direct deposit may be eligible to receive a discount on certain products:

  • Mortgage loans
  • Consumer loans
  • FREE Online Bill Pay

Fill out our Direct Deposit Authorization form to get started.

Not finding what you’re looking for? Contact us

Our members say the nicest things.

I joined LFCU in 1976, upon coming to USAID, and was fortunate to win the top door prize in the first annual meeting I attended, in 1977. Since draft accounts were first offered in 1981, I direct deposited my salary check until I retired, and we now have our annuities direct deposited. Our daughter still uses the account we opened for her as a six-year-old for direct deposit of her salary, and we have established savings accounts for our granddaughters to help them develop values of thrift and deferred gratification. We look forward to LFCU continuing to effectively provide for our financial services needs throughout our retirement.

Kenneth M. Member

Ready to open an account?

Get started online
Open an Account

Open an account

Please choose one of the following options:


Speak with a local Member Service Representative

Call us: 1 (800) 888-6560

Representatives are available 24/7 to assist you.

Stop by one of our branches
Find your closest branch
Get in touch
Contact us


Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.