How to Get Your Own Lenco Credit Union Card

A lapsed member should always be reminded of the benefits of being a loyal member of a credit union. Loyalty is rewarded with generous benefits and reduced dues. Being a member of a credit union is not just about financial security, but it also helps to build stronger bonds between fellow members. However, some people don’t know how to become a member of this organization. To be able to do so, they can refer to the details found in this article.

In order to be accepted into the Lenco Credit Union, one must be at least eighteen years old. One will also need to provide proof of residency and identity through a valid identification card or passport. Members who are at least twenty-two years of age will need to give a valid ID and birth certificate in order to join. A current bank account with at least five to seven thousand dollars as balance is also required for members who wish to open an account with the credit union. Lastly, there is one simple condition that every applicant must fulfill: that he/she is above eighteen years of age. These requirements are for members only, so if you think you are eligible to join, all you have to do is to fill out an application form online.

The application for member joining in the Lenco Credit Union is free and does not require any fees. In case you want to join as a prospective member, you will be asked to fill out a registration form. This is a standard procedure that every credit union makes when processing applications. After successfully registering, you can already send your consent for the credit union membership as well as authorization for a credit union card.

Once you’re a member of the credit union, you can buy credit cards from them. There are three types of credit cards that you can get from the credit union: secured, unsecured, and prepaid. Secured credit cards are granted to people who have a good employment or business history. Unsecured credit cards are granted to people who don’t have any business or employment history but have had a stable income. Prepaid credit cards are usually given to people who have no account with the bank.

Aside from these, you can also get a basic plastic card with no fees. This card serves as your basic ID so you can withdraw money anytime and anywhere. But since it lacks any security features, it is not advisable for business people and employed people who frequently travel.

Another option is a debit card. It is commonly known as the pre-paid card, because it works like one. Every time you spend using your card, the amount is debited from your account. If you have more than one debit card, you can combine the card purchases to make one single payment without the hassle of manually tagging each one.

Aside from these, a lot of banks and lending institutions offer lenco credit union cards online. You can choose one that suits your needs and preferences. They even offer special discounts and promos for customers who join their credit union. However, it is best to compare first before settling for one because there are different interest rates offered by different financial institutions.

When searching for a credit union, make sure you check their terms and conditions. Read all the details and requirements on their website. You should also familiarize yourself with the legal process that the credit union will be going through when approving your application. Inquire about the annual fees, annual interest rates, balance transfer fees, and the other annual charges. Be sure to also ask about the grace period and other promos that they may be able to offer you once you’ve become a member.

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