Campus Federal Unveils Lagniappe CheckingSMFor Immediate Release
Baton Rouge, LA-April 14, 2008
Baton Rouge, LA — Campus Federal has teamed up with BancVue to bring a distinctive free checking product, which can garner high dividends and ATM fee refunds for account holders, to the Baton Rouge area.
"We are a financial institution with great passion for our members and their financial needs," said Kristie Daspit, VP Marketing of Campus Federal. "With Lagniappe CheckingSM, we can offer members a unique account in the marketplace that rewards them for their commitment to Campus Federal."
Lagniappe Checking is a personal checking account with no monthly fees, no minimum balance and the opportunity to earn 5.01% APY and ATM fee refunds when certain requirements are met. Lagniappe Checking was developed by BancVue. The BancVue technology helps the credit union to maximize efficiency and reduce operating expenses. Campus Federal passes the savings along to the members who take advantage of Lagniappe Checking.
"When members use services such as: online banking, eStatements and debit cards, this has a huge financial impact on our credit union," Kristie Daspit continues. "With Lagniappe Checkingsm, we are rewarding the use of these services and saying thank you to our members by providing them with a great product. As Campus Federal serves the Louisiana State University community, our members can now use other financial institutions ATMs and have any fees charged refunded back to them. Students can keep their accounts after graduating because geographical limitations are overcome through free access to ATMs nationwide," Daspit concludes.
Lagniappe CheckingSM offers members significant rewards. Account holders can earn 5.01% APY on account balances between one cent and $25,000. Balances above $25,000 earn 1.00% APY. They also receive refunds on ATM fees up to $30 per cycle. All that is required to get the rewards is for account holders to make 15 debit card transactions per statement cycle, enrollment in eStatements and a direct deposit or ACH auto debit.
Conditionally, when all the requirements during the statement cycle are not met, the account holder still benefits from a free checking account with free online banking and bill pay, while earning 0.15% APY on their checking balance. There is no minimum to maintain and absolutely no monthly service charge for the Lagniappe Checkingsm account.
Campus Federal is one of the largest credit unions in the state of Louisiana with $357 million dollars in assets and nearly 39,000 members in and around Louisiana.