Full-service checking accounts for nonprofits
Your mission is important, so we want to make it easier by skipping the monthly fees and minimum balances.
Designed for nonprofits who serve our communities with a philanthropic focus.
At LMCU, we’re committed to the communities we serve — and the nonprofits who serve them, too. That’s why we offer our Community Impact Checking account: to help nonprofits simplify every transaction.
Keep cash flowing
- No monthly fee1
- No minimum balance
- 250 monthly items, with additional items for $0.40 each
- Free online banking
- Free mobile banking2
- $20,000 in free currency deposits and withdrawals per month, with a 0.10% fee on additional amounts
No monthly fee
Keep your funds focused on your mission.
No minimum balance
Stay flexible, stay nimble, and manage cash flow on your terms.
Access, anywhere
Pay bills and make transactions: online or from your phone.
Every dollar counts
Your nonprofit’s money should go toward your mission. Community Impact Checking helps you make a difference without making you pay monthly fees or maintain a balance.
Plus, our digital tools make everyday access simple, whether you’re at the office, the community garden, the animal shelter, or the beach cleanup.
Community Impact Checking FAQs
Our Community Impact Checking account is designed for nonprofit organizations and community-focused groups. To apply, we will require documentation like your EIN and formation documents.
That’s the great part: no! Community Impact Checking has no monthly maintenance fee and no minimum balance requirement, helping your organization keep its money laser-focused on making a difference.
Community Impact Checking accountholders get 250 monthly items — which includes deposits, withdrawals, checks, ACH, debit card purchases, and other transactions — for free, as well as up to $20,000 in free currency deposits and withdrawals.
Additional items are $0.40 each, while a 0.10% fee is charged on additional currency deposits and withdrawals.
An LMCU business specialist can help you determine if this account fits your nonprofit’s expected activity level.
Yes! We know it takes a village to run a nonprofit, which is why multiple users, from board members to treasurers, can manage your organization’s finances through your Community Impact checking account.
Yes. Nonprofit checking accounts typically allow multiple authorized users, such as board members or treasurers, to help manage finances and maintain oversight.
Our Community Impact Checking comes with free digital and mobile banking access.
Through LMCU Online Banking and our official LMCU mobile app, you can review your balance, monitor account activity, and make transactions.
Let’s get started.
We’d love to be your business’s best financial friend.
Disclosures
No monthly maintenance fee.
Your carrier's standard data and text message rates may apply.
