Accounts
Savings Accounts
The Lakota Federal Credit Union believes the foundation to achieving one’s financial goals is saving. We offer two products to help our members manage their savings.
Regular Share Account
The Regular Share Account is a basic savings account and can be opened with as little as a $5.00 deposit. Interest is earned monthly.
Any Regular Share Account that has a minimum balance of $5.00 will begin accruing dividends daily at a rate of 0.20% APY** on the balance. The dividends will be paid out monthly.
Zičá Savings Account
The Zičá (pronounced zee-chuh) Savings Account is a savings account designed for youth ages 0-12 and can be opened with as little as a $5.00 deposit. Any Zičá Savings Account that has a minimum balance of $5.00 will begin accruing dividends daily at a rate of 0.20% APY** on the balance. The dividends will be paid out monthly.
Zičá Savings Accounts also come with additional benefits, including no check cashing fees, reduced minimum deposit to open a Share Certificate (only $50 required), and special prizes for making monthly deposits of $10 or more.
3-6-9 Share Certificate
$100 – $25,000
We are now offering a short-term certificate of deposit, also known as the 3-6-9 Share Certificate. We developed this unique product to support our members in gaining experience with new financial tools. A low initial minimum deposit of $100 is required, and terms range from 3-9 months.
Share Certificate
$250 – $250,000
The Share Certificate, or certificate of deposit, is a savings product designed to help our members meet their longer-term savings goals. An initial minimum deposit of $250 is required. Interest earned is paid upon maturity of the deposit, which could be a term of 12-36 months.
Paperless Checking Accounts
Introducing our new Paperless Checking Accounts! Unlike other checking accounts, this is a FREE account. That means there are no monthly service fees to worry about. And you also don’t have to worry about paper checks. You can access funds in your new Paperless Checking Account with the ease of a card anywhere Mastercard is accepted. Of course, regular ATM fees will still apply.
You must be 18 years or older and meet our regular membership guidelines.
Checking Account Policies
A checking account will be closed if:
It has a negative balance for 90 days
If it has three Non-Sufficient Funds Fees within 90 days
If it has a negative balance over $50.00
Checking Account Service Fees
Non-Sufficient Funds Fee – $20.00
Live Inquiry Fee – $2.00
Schedule of Fees
We are dedicated to providing affordable services for our members. Following is a list of our service fees.
| Fee | Description | Cost |
|---|---|---|
| Money Order | - | $1.00 |
| Cashier’s Check | - | $2.00 |
| Check Cashing | - | $3.00 |
| Outgoing Wire Transfer | - | $10.00 |
| Incoming Wire Transfer | - | $3.00 |
| Title Handling | Applies to secured auto loans | $10.00/title |
| Early Account Closing | Applies if account is closed within 90 days of opening | $10.00 |
| Stop Payment | - | $15.00 |
| Court Filing | - | $30.00 |
| Court Dismissal | - | $10.00 |
| Dormant Account | Applies if there is no activity on account for 18 months | $5.00/month |
| Business Withdrawal | - | $1.00/$1,000.00 |
| ATM Card | Initial card and set-up | $3.95 |
| ATM Replacement Card | To replace lost or stolen card | $5.00 |
| Pre-Paid Debit Card | Monthly service fee for use of pre-paid debit card | $1.50/month (initially $3.95) |
| Pre-Paid Debit Card Load | To load funds onto card | $0.50 |
| Loan Application | One-time fee to process loan applications | $25.00 |
| Loan Extension | Applies to approved loan extension | $25.00 |
| Blue Pay Debit Card | Debit card transactions from $1-$500 | $5.00 |
| Blue Pay Debit Card | Debit card transactions from $500-$1,000 | $10.00 |
| Utility Payments | Accept LaCreek and Golden West payments | FREE |
| Non-Sufficient Funds Fee | - | $20.00 |
| Live Inquiry Fee | - | $2.00 |