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Checking Accounts

LUSO has many options. Find the one to fit your life and financial needs.

Classic Share Draft Checking1

    Overview

    Beyond-basic checking and packed with online and mobile banking benefits.

    Features

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    As of 1/18/2025

    Classic Share Draft Checking
    Right for you if you wantA free checking account offering the features you expect with a checking product2
    Minimum TierN/A
    Maximum TierN/A
    Dividend RateN/A
    APY1N/A

    1Statement Share (Savings) Account required to establish membership. APY: Annual Percentage Yield/Fees may reduce earnings on the account.

    2Includes free Online Banking and Bill Payer access, free eStatement processing, and free Debit Card through SUM Program with REWARDS Score Card.

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    Smart Start Share Draft Checking1, 2

      Overview

      A “smart” start for middle, high school and college students – the name says it all.3

      Features

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      As of 1/18/2025

      Smart Start Share Draft Checking
      Right for you area high school or college student looking for a primary checking account3
      Minimum Tier$250.00
      Maximum TierN/A
      Dividend RateN/A
      APY1N/A

      1Statement Share (Savings) Account required to establish membership. APY: Annual Percentage Yield/Fees may reduce earnings on the account.

      2Requires free eStatement processing and free Debit Card through SUM Program with REWARDS Score Card.

      3Unlimited ATM Fees Waived while an active student with a parent or legal guardian as a co-signer or college student up to age 24; upon reaching the age limit of 24, the account will automatically convert to a “Rewards” Share Draft Checking account.

      Open Online Open Smart Start Share Draft Checking OnlineLearn More Learn more

      Rewards Share Draft Checking1, 2

        Overview

        Earn a higher dividend rate on your everyday transactions.4

        Features

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        As of 1/18/2025

        Rewards Share Draft Checking
        Minimum Deposit$50
        Minimum BalanceN/A
        Dividend Rate0.50% on the first $25,000
        0.10% over $25,0004
        APY0.50% on the first $25,000
        0.10% over $25,0001

        1APY: Annual Percentage Yield / Fees may reduce earnings on the account.

        4Rewards dividend rate qualifies with 12 debit transactions per statement cycle, a minimum of one direct deposit and/or ACH withdrawal per statement cycle and eStatements. If account fails to meet the Rewards Share Draft Checking qualifications for three consecutive months, account will automatically revert to Classic Share Draft Checking. Fees may reduce earnings on the account.

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        60 Plus Share Draft Checking1

          Overview

          Indulge in the benefits that come with reaching one of life’s biggest milestones.5

          Features

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          As of 1/18/2025

          60 Plus Share Draft Checking
          Right for you if you areAge 60 or above
          Minimum Tier$500
          Maximum TierUnlimited
          Dividend RateN/A
          APY

          1

          		N/A

          1APY: Annual Percentage Yield/Fees may reduce earnings on the account.

          2APY: Includes free first Basic checks (restrictions may apply), free Online Banking and Bill Payer access, free eStatement processing, and free Debit Card through SUM program with REWARDS Score Card.

          5Member must be 60 years of age or older to qualify.

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          Second Chance Share Draft Checking

            Overview

            Because everyone deserves a second chance to develop good financial habits.6

            Features

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            As of 1/18/2025

            Second Chance Share Draft Checking
            Right for you if you wantAn account designed to give your credit a second chance
            Minimum TierN/A
            Maximum TierN/A
            Dividend RateN/A
            APY

            1

            		N/A
            Monthly Fee$15.00

            1Statement Share (Savings) Account required to establish membership.APY: Annual Percentage Yield/Fees may reduce earnings on the account.

            2Requires free eStatement processing and direct deposit. Includes free Online Banking and Bill Payer access.

            6Requires direct deposit. Account not eligible for credit union-funded Overdraft Protection Services (OPS) or Remote Deposit Capture (RDC). Reported closures may not exceed $1,000 for authorized account opening. Request for transfer to another share draft checking account with OPS and/or RDC will be considered after 12 months based on a positive review of the account.

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            Compare your options
            Classic Share Draft CheckingSmart Start Share Draft CheckingRewards Share Draft Checking60 Plus Share Draft CheckingSecond Chance Share Draft Checking
            Right for you if you want to…Set up a basic checking account with benefits1Establish an account as a middle, high school or college student1,2,3Get higher dividend rates with everyday transactions at surcharge-free SUM® and MoneyPass® ATMs1,2,4Enjoy the added financial benefits of being a senior5Take advantage of a second chance to develop good financial habits6
            Minimum Deposit$25$10$50$10$10
            Minimum BalanceN/A$250N/AN/AN/A
            Monthly Service FeeN/AN/AN/AN/A$15
            Dividend RateN/AN/A0.50% on the first $25,000, 0.10% over $25,0004N/AN/A
            Features

            Free online banking, online bill pay, eStatement processing, and ScoreCard Rewards ATM/debit card

            		Free online banking, online bill pay, eStatement processing, and ScoreCard Rewards ATM/debit cardFree online banking, online bill pay, ScoreCard Rewards ATM/debit card, eStatement processing, and first set of basic checks; up to $25 in monthly ATM fees reimbursedFree online banking, online bill pay, ScoreCard Rewards ATM/debit card, eStatement processing, and first set of basic checksFree online banking, online bill pay, eStatement processing; requires direct deposit

              1Statement Share (Savings) Account required to establish membership.

              2Requires e-Statement processing and free debit card through SUM Program with ScoreCard Rewards.

              3Member MUST be in middle school or high school with parent/guardian as a co-signer or in college and under the age of 24 years to qualify. Unlimited ATM fees waived while an active high school student with parent/guardian as co-signer or college student up to age 24. Account automatically converts to a Rewards Share Draft Checking Account when account holder reaches age 24.

              4Rewards dividend rate qualifies with 12 debit transactions per statement cycle, a minimum of one direct deposit and/or ACH withdrawal per statement cycle and eStatements. If account fails to meet the Rewards Share Draft Checking qualifications for three consecutive months, account will automatically revert to Classic Share Draft Checking. Fees may reduce earnings on the account.

              5Member must be 60 years of age or older to qualify.

              6Requires direct deposit. Account not eligible for credit union-funded Overdraft Protection Services (OPS) or Remote Deposit Capture (RDC). Reported closures may not exceed $1,000 for authorized account opening. Request for transfer to another share draft checking account with OPS and/or RDC will be considered after 12 months based on a positive review of the account.

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