Fee Schedule

Check Negotiaton Policy

Fees and Service Charges

It is the policy of this credit union to cash checks for individuals under the following guidelines:

Credit Union Non Members: Only checks drawn on Lenco Credit Union member’s accounts will be cashed for non-members. The individual presenting the check must have proper identification (picture ID). There is no charge for this service. No other type of checks will be cashed for non-members.

Credit Union Members: We will cash checks made payable to credit union members, subject to normal funds availability, for members that meet any of the following criteria:

  1. Aggregate share account balance of $100 or more OR
  2. A current Lenco loan OR
  3. A current Lenco VISA account OR
  4. A Lenco ATM, Debit, or Credit Card.

Members that do not meet any of the above criteria may cash or deposit the following types of checks, made payable to the member and subject to approval, for a $2.00 fee.

  1. Government issued checks
  2. Payroll checks
  3. Bank & Cashiers checks

We do not cash checks for members with a negative account balance or delinquent loan.

It is our policy to NOT negotiate third party checks or checks payable to non-members.

However, we will consider exceptions in the following cases:

  1. Non-member is accompanied by a member that is willing to endorse the check and has a 60 day average daily balance exceeding the amount of the check.
  2. Third party is a Lenco member with a 60 day average daily balance exceeding the amount of the check.

(Policy became effective 1/15/08)

Fees and Service Charges

Effective November 1, 2011

General Service
Travel Money Cards/VISA Gift Cards $ 3.00
Money Orders $ 1.00
Cashier Checks (5 free per month) $ 2.00
Fax & Photocopies per page $ 0.25
Domestic Wire Transfer $ 15.00
Foreign Wire Transfer $ 25.00
Notary Service Free
ATM Service
CO-OP Network Transactions Free
All Other Transactions $ 1.00
Overdraft Charge due to ATM $ 25.00
Card Replacement $ 5.00
Draft Account Service
Checks Prices Vary
Check Copies $ 2.00
Duplicate Statements last 18 months/ Duplicates older than 18 months $ 2.00/ $5.00
NSF Check Return $ 25.00
Overdraft Courtesy Check Pay $ 25.00
Savings Transfer To Cover Overdraft $ 5.00
Deposited Check Return Fee $ 10.00
Stop Payment – One Check $ 15.00
Stop Payment – Block of Checks $ 20.00
Balance Account Fee per Hour $ 15.00
Dormancy Fee – Quarterly $ 4.00
Deposit Item Fee (150 free per month) $ 0.01 per item over 150/month
Credit Card Service
25-Day Grace Period on Purchases
Annual fee None
VISA Late Charge $ 10.00
VISA Over Limit Charge $ 10.00
VISA Replacement Card Fee $ 5.00
VISA Returned Check Fee $ 10.00

Notice:

  • After five (5) overdrafts of your checking account, the account may be closed
  • Check Negotiation Policy Available upon request.