Services & Products

Virtual Branch

Keep an eye on your finances with LMEFCU Home Financial Services. Easy account transfers, history of accounts, viewing cleared checks, loan payment history and many other features. LMEFCU Home Financial Services is safe and secure! Call LMEFCU for all the details!

Bill Pay

Regular Share / Savings Account

To become a member, all it takes is a low $5 minimum deposit to open a share savings account. This account signifies your ownership in LMEFCU and provides you with the opportunity to vote in the annual elections. It also opens the door to all our other services. The minimum balance of $200.00 is required to earn dividends. This savings account pays very competitive dividends, and there is no monthly service charge.

Share Draft / Checking Account

LMEFCU Share Draft/Checking account has many features. While our Share Draft/Checking account has no minimum balance requirement, you can enjoy NO MONTHLY SERVICE CHARGES as well. You can apply for Overdraft Protection as an added safety feature for your account.

Vacation Account

For members who would like a savings fund separate from their primary savings account, a Vacation account is available that pays the same dividend as the basic shares. You can deposit and withdraw from this account at anytime.

Share Certificate of Deposit

Certificates offer secure, long-term savings at very competitive rates. With a minimum deposit of $500, you can begin long term savings today.

Money Market Accounts

Our Money Market Account offers a higher return than regular savings accounts. The minimum balance for this account is $5,000 with the flexibility of three transactions per month. You have the peace of mind knowing your funds are insured up to $250,000 by the National Credit Union Administration.

Special Christmas Club Account

Start saving for the holiday season now with this unique account from LMEFCU. Sign up for regular deposits to your Christmas club account through payroll deduction or by automatic transfer from your checking or savings account. Start saving for your holiday spending today, and ensure yourself a happy season. This account has a minimum of $10 and maximum of $300 per month with no upfront deposits allowed. If you choose to withdraw from this account you forfeit all dividends. The dividend is posted on October 31st and the funds are automatically rolled into your share account. On November 1st you may call for a check to be picked up or mailed, you can pick up your funds by cash or even transfer them to your share draft/checking account.

Special Travel Club Account

Start saving for that special vacation or home improvements with this unique Travel club account from LMEFCU. Sign up for regular deposits to your Travel club account through payroll deduction or by automatic transfer from your checking or savings account. Start saving for your vacation needs today, and ensure yourself a carefree vacation. This account has a minimum of $10 and maximum of $300 per month with no upfront deposits allowed. If you choose to withdraw from this account you forfeit all dividends. The dividend is posted on March 31st and the funds are automatically rolled into your share account. On April 1st you may call for a check to be picked up or mailed, you can pick up your funds by cash or even transfer them to your share draft/checking account.

Direct Deposit

Eliminate those trips to the credit union on payday. LMEFCU accepts direct deposits of all types of checks including social security, federal recurring payments, and payroll checks. Inquire with your company payroll department regarding the availability of direct deposit.

Debit/ATM Cards

LMEFCU Debit/ATM cards offer convenient check card and ATM card usage. Our cards are acceptable at most worldwide locations accepting Visa. Carry a card and you will have the convenience of a check without a check.

Automatic Payments

If you don't have direct deposit or payroll deduction, you can still set up an automatic transfer. Having your monthly loan payment transferred automatically from your checking or savings account to your loan eliminates the worry of late payments.

Overdraft Protection

The added security of overdraft protection for your checking account is available through automatic transfers from your Regular Share/ Savings account. In addition, you may elect to have funds transferred into your checking account from your Overdraft Line Of Credit (subject to loan approval). These available options could save you the worry or embarrassment of checks being returned on your account.

Payroll Deduction

Payroll deduction makes saving easy and loan payments hassle free. This service allows you to have a portion of your paycheck automatically deposited to your various credit union accounts each payday. Most company payroll departments offer payroll deduction, check with yours!

Visa Credit Cards

We offer to our membership a Visa Credit Card that has no annual fee, no Cash Advance fee and a low rate of 9.9%. If you pay your purchases off before the next billing date, you pay no interest. You can make your payments at the Credit Union or set up for automatic payment transfers. Call us today for more information.

Visa Gift Cards

We have available for your shopping needs a wide variety of Visa Gift Cards. You can choose how much money you want to give, from $10 to $1000. Let your fingers do the walking, call the Credit Union and they will have your cards available for you to pick-up.

CUSA TALK IV

Telephone System allows you to have access to your account 24 hours a day, 7 days a week, by dialing 455-2498. It is like having your own personal teller wherever you are. Use your phone, to access your account, check your balance, transfer funds, make check withdrawals and lots more.

Mission Statement

Lynchburg Municipal Employees Federal Credit Union, a member owned and operated credit union, in business to provide a full range of services. We are committed to meeting member needs through thrift and financial planning. We are "people helping people" through commitment, quality service and a friendly family.

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