A Checking Account Above the Rest

LINCONE Federal Credit Union offers free checking with no minimum balance requirement, no monthly service charge, and earns dividends. In addition, it allows you to write an unlimited number of checks without imposing a fee for each one.

You also have the option of using our VISA Debit Card to access your accounts. Our VISA Check Card provides access to your credit union accounts 24 hours-a-day, 365-days-a-year, even on weekends and holidays. LINCONE's checking account is one of the best in the area. Open yours today.

Share Checking Account
Effective Date: Thursday, June 8th, 2023
This account is a Variable Rate Account. The dividend rate and Annual Percentage Yield (APY) may change every month as determined by the Credit Union board of directors. Rate are as follows:
Balance LimitsAPY
$0.00 - $ 9,999,999.99 0.00%

Rates may change after the account is opened. Fees may lower the earnings on this account.

Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.

Dividends will be compounded monthly and will be credited to your account monthly. If you close this account before dividends are paid, you will receive the accrued dividends.

To open this account, a minimum balance of $25.00 in a savings account is required.

Dividends on this account are calculated on the Daily Balance method. "Daily" means that a daily periodic rate is applied to the principal in the account each day.

Dividends will begin to accrue on the business day you deposit non-cash items (e.g. share drafts) to your account.

During any month, you may not make more than six withdrawals or transfers to another Credit Union account of yours or to a third party by means of a preauthorized or automatic transfer or telephonic order or instruction. No more than three of these may be made by check, draft, debit card, if applicable, or similar order. If you exceed these transfer limitation set forth above, your account may be subject to a fee or may be closed.

The par value of a regular share in this Credit Union is $5. The dividend period of the Credit Union is monthly, beginning on the first day of the month and ending on the last day of the month.

Member accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund.

The credit union reserves the right, at any time, to require members to give, in writing, not more than 60 days notice of intention to withdraw the whole or any part of the amounts paid in by them except for those amounts paid into share checking accounts.

No member may withdraw shareholdings that are pledged as required security on loans without the written approval of a loan officer, except to the extent that such shares exceed the member's total primary and contingent liability to the credit union.

No member may withdraw any shareholdings below the amount of his/her primary or contingent liability to the credit union if he/she is delinquent as a borrower, or if borrowers for whom he/she is a comaker, endorser, or guarantor are delinquent, without the written approval of a loan officer.

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