Payroll deduction allows members to have a portion of their payroll check deducted to make a loan payment or to send to an LGFCU deposit account.
Save more money
Some LGFCU loan payments made by payroll deduction are given a 1/2% lower interest rate. This is a great way to get the loan you need at the best rate, which saves you even more money. Check our rates for loans that qualify.
Using payroll deduction is also a convenient way to start and maintain your savings goals. Saving this way is effective because you pay yourself first!
How it works
Deduct any amount from your paycheck to make payments on personal loans and mortgage loans. You also can have deductions deposited into Share, Money Market, IRA and Checking accounts. Deductions can be divided among as many accounts as you wish.
Payroll deduction is only available for members at participating employers. Check with your Human Resources office for eligibility.
Next Steps
Choose a way to request Payroll Deduction.
- Call the Contact Center at 888.732.8562
- Visit your local branch
