FAQs

How do I join The LOCAL FCU?
Joining The Local FCU is easy. Simply stop in to complete a membership application. All you'll need is a valid picture ID and Social Security Card. Join by opening a savings account with an initial deposit of $25. The $25 represents your share in The Local FCU and is held on deposit while you are a member. Once your savings account is opened, you’ll have immediate access to other financial services that we offer.

Can my family members join the credit union?
Yes. Any member of your immediate family can become a member.

How do I add or remove a joint member to or from my account?
To add a member you will need to complete a new membership application which you and the joint member must sign where indicated. To remove a joint member, the joint member must complete a form requesting removal from the account, or the account can be closed and a new account established.

How do I change my address or other contact information with The Local FCU?
To notify us of a change in mailing address, simply mail or fax a completed address change form form to us.

How do I change my payroll deduction?
Payroll deduction is an agreement between you and your employer. Payroll deduction forms are available online or at our physical location. Completed forms should be returned to The Local FCU for processing. When changing deductions, remember to indicate the total amount you want deducted from your check and forwarded to your credit union account.

How do I set up direct deposit?
Our Member Service Representatives have all the necessary forms. If you wish, they will be happy to fill them in for you. All you have to do is tell them how you want your money distributed and sign your name. We take care of the rest.

If I use direct deposit, how will I be able to keep track of my money?
Your check stub from your paycheck is your permanent record. Also with online banking or CU Star (our 24 hour telephone banking system) you can check your balance at any time.

Is there a charge for direct deposit?
This service is free to all of The Local FCU’s members.

How do I apply for a loan?
First time borrowers need to complete a loan application. Subsequent loan requests can be updated over the phone.

How long do I have to be a member before I can apply for a loan?
You may apply for a loan as soon as you become a member. There are no membership time requirements for loan qualifying.

What does the credit union look for when determining loan approval?
At The Local FCU, we look at more than just your credit score. There are a variety of determining factors such as employment history, amount of total debt, credit score, purpose of the loan, and your relationship with us that determine loan approval.