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Why Choose Lanco Federal Credit Union in Lancaster, PA?

Whether you’re looking for personal or business banking, we still pride ourselves on the personal touch. Just ask our 10,000 members!

Why Choose Us?

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All the Banking Services You Need at a Credit Union Near You in Lancaster, PA

As a credit union in Lancaster, PA, we're proud to be able to offer the personal banking services you need, with the benefits you want. Instead of paying shareholders, we return excess earnings to our members through competitive rates on deposits and loans, free rewards programs, lower fees, and so much more. If you want to learn more about credit unions, read what the difference is between a bank and a credit union.

Personal Banking

Easily manage your personal finances at your local credit union. Enjoy free accounts, low fees, and friendly service.

Free Kasasa® checking
Club savings accounts
Mobile banking
Online bill pay

Loans

Your nearby credit union offers excellent borrowing options with low loan rates and affordable monthly payments.

Auto loans
Home equity loans
Student loans
Personal Loans

Business Banking

Choose a business banking partner that offers free accounts and low-cost services with no hidden strings attached.

Free business checking
Visa® debit/ATM card
Business loans
Business line of credit

Youth Accounts

Your local credit union helps you to teach your children good money habits, from learning to save to building credit.

Youth savings accounts
Report Card Rewards
Teen debit card
Teen checking account

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Featured Benefit for Lanco FCU Members

Home Equity Loan Special Offer

Apply by Labor Day to lock in low rate and enjoy cost-savings with no closing fees!*:

Get the funds you need for nearly any large expense
10-Year fixed rates as low as 4.49% APR*
Offer available for loans $40,000 and greater, up to 80% LTV

Membership Benefits & Services

Online Banking

Use our free online and mobile banking services to easily take care of your daily finances.

View balances and history
Make deposits and transfers
Pay your bills, and more

Online Services

Member News

Stay up to date with what's happening at your credit union:

Credit Union Promotions

Lanco FCU membership includes value-added services, discounts, and special offers.

Auto loan refinancing
Free notary service
Retail partner discounts
Skip a payment

Loan EZ Pay

Need to make an immediate loan payment from your account at another bank or credit union?

Use our BillingTree portal to pay by credit card or e-check. A $5.00 convenience fee applies.

Become a Member Today

Introducing Kasasa Care.

TruStage Insurance Agency. Looking for insurance protection? We've got you covered. Find out more.

Discounted insurance offerings just for credit union members

Tax prep savings for credit union members

- Tax Tips for Uber, Lyft, and Other Ride Sharing DriversWhen you’re a driver for a ride-sharing company such as Uber or Lyft, the most important thing to understand about your taxes is that you are probably not an employee of that company. Drivers for these companies are usually independent contractors, a fact that has tax implications, both at filing time and year-round. Being an independent contractor means that you’re self-employed. So, when you receive a payment, understand that it’s not a traditional “paycheck,” and likely no taxes have been taken out. It’s up to you to take care of federal and state income taxes, as well as Social Security and Medicare. Combined, these taxes can easily reach 30% to 50% of your income, so make sure to set aside money to pay them. If you’re accepting ride-sharing fares more than occasionally, you may be required to file quarterly estimated income taxes. At tax-filing season each spring, you’ll be reporting your self-employment income and expenses on Schedule C, as well as filling out Schedule SE for self-employment tax if your net income from the work is $400 or more. Tax deductions for your car Since you’re an independent business owner, just about any money you spend on your gig as a ride-share driver will be a tax-deductible business expense. The first thing that probably comes to mind is your car. There are two ways to take a deduction for the business use of your car: Deduct the actual expenses of operating the vehicle for business, including gas, oil, repairs, insurance, maintenance and depreciation or lease payments. Take the standard IRS mileage deduction. As of 2018, the rate is 54.5 cents per mile driven for business use. Other tax deductions for ride-share drivers Commissions you pay to the ride-share company are a business expense, as is any cost you may have to pay for technology installed in your car. Other tax deductions include: Water, gum or snacks for passengers Tolls and parking fees Smartphone – the portion of your mobile phone expenses linked to your ride-share work can be used to reduce your self-employment income Get Help Filing Your Taxes Don’t Worry, TurboTax Has You Covered TurboTax Self-Employed will help you uncover industry-specific deductions and searches for unique deductions personalized to you and your line of work. As a credit union member you can save $15 on the TurboTax Self-Employed product, PLUS you get a one-year complimentary subscription to QuickBooks Self-Employed* to effortlessly track expenses, jobs and mileage throughout the year. When you are ready to file, click here to access TurboTax and your savings! Do you qualify for VITA? VITA (Volunteer Income Tax Assistance) provides free tax prep to anyone in Lancaster County who makes $62,000 or less. IRA-Certified Volunteers are ready to help you get your taxes done right. Visit VITA’s website to learn more, see if you qualify, and schedule an appointment. 0/5 (0 Reviews)... Read more...

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