L & N Federal Credit Union

About L & N Federal Credit Union

L & N Federal Credit Union is a member-owned financial cooperative that offers a range of services typically found in banks, such as savings and checking accounts, loans, and credit cards, with a focus on providing competitive rates and personalized service. Its operational structure is designed to prioritize the financial well-being of its members, as profits are reinvested to enhance services rather than distributed to shareholders. The credit union also emphasizes community engagement and financial education, aiming to foster a sense of belonging among its members and contribute to local development. Overall, it operates with the principles of trust, transparency, and service excellence at its core.

Pricing

L & N Federal Credit Union, while primarily known for its banking services, may offer merchant services through partnerships with ISO companies for payment processing. While exact fees can vary based on the specific services and contract agreements, common fees associated with credit card processing might include transaction fees ranging from 1.5% to 3.5% of the sale per transaction, monthly service fees that could average around $10 to $30, and gateway fees typically between $0.10 and $0.25 per transaction. Additionally, there may be annual fees for account maintenance, generally around $100 to $300. It’s important for businesses to thoroughly review the fee schedule and negotiate terms based on their processing volume and needs to find an optimal pricing structure. Always consult directly with L & N Federal Credit Union for the most accurate and updated fee information.