Dear members,
LCU is advising that we are no longer able to support the chequing payment systems, which include our cheque and deposit book services for our members.
Currently, LCU requires a 3rd party payment provider to support the cheque functionality in processing and providing our cheque payment systems. Cheques currently only make up to 0.10% of all payments in Australia and due to the declining popularity and increasing costs to keep this function running, our payment provider can no longer support this payment platform.
This will affect the majority of Credit Unions and Mutual banks being able to provide chequing facilities from the dates listed below. We will endeavour to work with you through this period to find other suitable payment solutions for your everyday banking, to make this transition as smooth as possible.
LCU will reach out to our main cheque using members and advise them of other ways they can pay in order to support them throughout this change.
If you have any questions, concerns or require assistance, please contact us on (02) 9859 0585
Kind Regards,
The LCU Team