LAFCU
Quick Summary
- Michigan credit union
- Investment options
- NCUA insured
The Verdict
LAFCU provides essential HSA features with zero monthly maintenance fees and self-directed brokerage access, CD options, earning a 2.3/5.0 rating from HSA Orbit.
With nearly 75,000 members, we are committed to serving and helping you with your financial needs. As a LAFCU member, you have access to a variety of products and services designed to help you reach your financial goals. You also have access to low loan rates, low fees, great deposit rates, nationwide ATM access, discounts, and knowledgeable employees providing the very best in member service.
LAFCU serves the entire state of Michigan, but your closest branch is your mobile device which gives you access to your account through our Mobile Banking app when it is most convenient for you.
Key Features
Banking & Access
Includes debit card and check-writing.
Investment Options
Offers self-directed brokerage and CDs.
Security & Insurance
Deposits are FDIC/NCUA insured for your protection.
Account Details
Requires $5 minimum balance. no account opening fees.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance* | $0.00 | $0.69 | EXCELLENT |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
* Not disclosed - Contact provider
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Brokerage Access
LAFCU provides a self-directed brokerage window for investing your HSA funds in the broader market.
Interest Rates
Standard Rates
| Balance Range | APY |
|---|---|
| $5,000 - $20,000 | 0.15% |
| $20,000 - $100,000 | 0.15% |
| $100,000+ | 0.20% |
Last updated: 06-20-2024
Contact Information
Website
https://www.lafcu.com/hsaAddress
106 N. Marketplace Blvd. Lansing, MI 48917 Customer Service Mailing Address P.O. Box 26188 Lansing, MI 48909
Customer Service
517-622-6600
106 N. Marketplace Blvd. Lansing, MI 48917 Customer Service Mailing Address P.O. Box 26188 Lansing, MI 48909
At a Glance
Pros & Cons
The Good
- •No monthly maintenance fees
- •No account opening or closing fees
- •Self-directed brokerage access
- •FDIC/NCUA insured deposits
The Bad
- •No online banking
User Sentiment
Based on community feedback
Sentiment data coming soon
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