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Who can join Lion Credit Union?
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Join Lion Credit Union and take advantage of the services we offer.

Share Services

  • Share Savings Accounts
  • Christmas Club
  • Regular Checking
  • IRA
  • Share Certificates
  • Direct Deposits
  • Payroll Deductions
  • ATM
  • Debit Card Services
  • Night Deposit
  • Website
  • Free checks and checking to our 60+ members

Loan Services

  • New Auto
  • Used Auto
  • Boats, Motors & Boat Trailer
  • Farm Equipment
  • ATVs
  • Travel Trailers and Campers
  • Motorcycles
  • Share Certificate Loans

Checking Accounts

Lion Federal Credit Union is now offering Share Draft Accounts to its members. These are the credit union equivalents to checking accounts. We invite our members to try the credit union difference.

  • No monthly fee
  • No minimum balance
  • Minimum opening balance of $100.00

Please contact Jennifer Robinson for additional information.

For those members who have already taken advantage of opening a share draft account at Lion Federal Credit Union, feel free to use the link below to reorder checks and accessories.

Order Checks & Accessories

Direct Deposit or Electronic Withdrawal

All active members can take advantage of direct deposit for items such as tax refunds, retirement benefits, or portions of direct deposits from employers who are not currently affiliated with your credit union. Direct deposit is considered one of the fastest and safest ways for you to receive your payment. You can provide your information to a creditor and your account can be debited through the Internet, by telephone, or on an ongoing regular basis.

Lion Federal Credit Union's routing and transit number is 282974695. Your account number is your member number on your statement and the account would be identified as a savings account. Please contact a staff member if you have any questions.

Check 21

On October 28, 2004, the Check Clearing Act for the 21st Century became law. Check 21 guides the creation of substitute checks. Substitute checks are legal electronic images of the original checks. Instead of the actual check having to be transported through the financial payment system, the image can be transmitted electronically. Check 21 will significantly reduce the amount of time required for a check to clear.

Anyone writing checks should be aware of the new law. Those writing checks will need to keep a close eye on their checking account balances to make sure funds are available on time to avoid the embarrassment and expense of unexpected insufficient charges.

Beneficiary/Joint Owner Review

Have you recently had a "life change" event such as marriage, divorce, birth of a child, or loss of a loved one? Has it been a number of years since you opened your account at the credit union? Please be aware that our instructions on how you wish your share account to be handled are governed by your Member Account Agreement. It is the same as a signature card and details who is authorized to withdraw funds and obtain information about your account. It also lets us know how you wish the account balance to be handled in the event of your death. If you are unsure how your account is currently setup, please contact one of our staff members so we can review your account agreement and make sure it is the way you wish it to be structured.


Inactive/Dormant Fee: $10.00 per quarter for those accounts less than $100.00 that have had no deposit or withdrawal activity over a one year period. This fee can be avoided by maintaining a minimum balance of $100 or making a deposit or withdrawal at least once a year.

Loan Application Fee: $10.00 per loan application. This is collected whether or not the loan is approved or declined and whether or not a new credit report is required. This fee is waived on share secured loans and on applications to purchase a Lion Federal Credit Union repossession.

Excessive Withdrawal Fee: $10.00 per savings withdrawal after the third withdrawal in a calendar quarter. Internal transfers to other savings accounts and loans do not count as withdrawal toward this fee. Electronic withdrawals do not count toward this fee. Please remember your share savings account is designed to be a savings account and electronic withdrawals such as ACH are subject to limitations established by federal government regulation. The excessive withdrawal fee is waived for all credit union members age 60 or older.

Inactive/Dormant Fee: $10.00 after one year of inactivity

Loan Application Fee: $10.00

Credit Report Fee: $10.00

(870)863-4335 |
©2007-2008 Lion Federal Credit Union
1580 Hayneville Hwy | El Dorado, AR 71730
Phone: (870) 863-4335 | Fax: (870) 863-4370