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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?

3.3/5 (80 Reviews)

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
Youth debit card
Youth checking account

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Featured Benefit for Lanco FCU Members

Add Up Your Member Discount

Members can take up to 1.00% APR off our already-low rates on their next loan*:

Get rewarded for using Lanco FCU accounts and services
Use a personal loan or home equity loan for nearly any purpose
Apply and sign online, or schedule an appointment

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
Loan rate match
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

- How Can a Credit Union Help You Buy a Car?Whether you are purchasing a car for the first time, replacing a car, or simply getting an upgrade, buying a car is a huge financial commitment that should not be rushed into. Before signing a deal and driving a new car off the lot, it’s imperative to have a budget set and a payment plan prepared. You’ve made the decision to purchase a car, truck or van and even know the year, make, model and color you want. You can cross some major things off your list, but a lot of work remains in this very important purchasing decision. The next step is a big one: Pinpoint how you’re going to pay for your vehicle. Most people turn to banks or let the car dealer set them up with financing—and often wind up paying more than they need to for their new ride. Most people are unaware, however, that securing a vehicle loan from a credit union can result in significant cost savings, with increased chances of receiving a loan approval with favorable terms and lower interest rates when compared with going through other lenders. Financial Considerations When it comes to purchasing a car, there are many options that you need to consider before making a final decision. The first consideration should be your budget. How much available funds do you have to put towards the car payments? You likely have already thought about how much money you can afford to put down in purchasing a vehicle. You might even have an idea about how much you can afford to pay on a loan each month. But be sure you consider all the costs of ownership when determining what you can afford: Monthly car loan paymentsAuto insurance premiumsGas and other regular driving costs such as tolls and parkingMaintenance and other required costs such as oil changes, inspections and registrations Find a Favorable Car Loan Depending on the cost of the vehicle you want and how much you can afford to pay upfront as a down payment, you could be making car loan payments for many years. Planning ahead and securing financing before you go to make a purchase can help you save hundreds or even thousands of dollars over the repayment term of your loan. To find a competitively low interest rate, credit unions are your best bet. As not-for-profit institutions designed to benefit their members, credit unions offer auto loans with competitive loan rates, flexible terms and no pre-payment penalties. Plus, if your credit history is less than stellar—either because you have limited history or you’ve had some bad marks in the past—a credit union might even offer first-time-buyer or second-chance programs designed to help you get approved. Get the Coverage You Need If you’re not sure where to start with insurance for your vehicle, a credit union can likely help. Many credit unions partner with an insurance company to provide policies priced just for credit union members as an added benefit of membership. If you have home, renters’, or life insurance policies, ask those companies about multipolicy discounts that may apply. Compare quotes from a few insurance companies to find the plan that fits your budget and meets your coverage needs and service expectations. Additionally, if you are financing a large portion of the vehicle cost, you might want to consider adding GAP insurance to your loan. Although your auto insurance will pay a certain amount if your vehicle is totaled or stolen, that amount could end up being less than the balance still owed on your loan. GAP pays that difference so you won’t be left making payments for a car you can no longer drive. When you’re discussing your financing options, a credit union lender can help you determine if GAP insurance might be a good option to add to your loan. Budget for Related Expenses Once you’ve figured out how to pay for your car and insurance, don’t forget that you’ll need to budget for more than just your monthly payments. There’s also regular maintenance, inspections and registration costs. If these occasional or annual costs will throw a wrench in your monthly budget, include them by setting aside a fraction each month. Plus, if your car isn’t covered under any warranty, consider padding your monthly savings so you’ll be able to cover any unexpected repairs. A credit union can help you set up a designated savings account and automatic transfers to make this budgeting process easy. In Conclusion When you’re ready to buy your next vehicle, you’ll discover many options for obtaining financing. But it’s important to plan ahead and look for the option that’s most favorable to your long-term financial health. A fantastic place to start looking is at your local credit union. Imagine going for a joy ride the day you buy your new car. It can be all the sweeter if you know you got yourself the best deal possible by doing your homework and exploring fantastic options available at your local credit union. 0/5 (0 Reviews)... Read more...

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