MEMBERSHIP EQUALS BENEFITS!
Your age and the average deposit balances that you maintain with the Credit Union will determine your Membership Rewards level. Call the Credit Union to find out your rewards level. The greater the balances you maintain, the higher your Rewards level. Your rewards level will be recalculated four times each year: on March 31st, June 30th, September 30th, and December 31st. No matter how much business you do at LM Federal Credit Union, you and your family will always enjoy a variety of affordable, convenient, and high quality services.

You Are A Member Of A Cooperative! As you may know, LM Federal Credit Union is a not-for-profit financial service cooperative. Your Credit Union is owned and controlled by you and your fellow members. As an owner, you enjoy unique Membership Benefits not available to the customers of other financial institutions.

Save Hundreds of Dollars and Enjoy Membership Rewards

  • Compare savings and loan rates, as well as terms and fees with other financial institutions. Transferring your business to LM Federal may put money in your pocket.
  • If you have a checking account elsewhere, compare the total package with LM Federal's checking programs. Be sure to examine their balance requirements, monthly service charges, penalties, ATM and POS transaction charges and interest rates.
  • Start an automated savings plan. You can have a specified amount deposited from your paycheck or the Credit Union can transfer funds on a regular basis from another LM Federal account. Build your nest egg and reach for additional Membership rewards at the same time.

 

HOUSEHOLD EXCEPTION: If at least one member of a household achieves Silver or Gold Rewards, their spouse and other household members between age 23 and 61 will receive Silver Rewards.  Household members must live at the same address. If the account of a minor has attained a Silver or Gold rewards level, and the joint owner on that account also has a separate membership and lives in the same household, the adult's account will also be eligible for the same rewards level as the child.  Please notify the Credit Union of any associated household family accounts so that they may benefit from the Membership Rewards earned from your account.

UPGRADE YOUR RELATIONSHIP: We welcome your new business anytime! If you open a new account after the quarterly automatic classification and it brings your balances up to a higher Membership Rewards level, an LM Federal employee can manually reclassify you to the higher level. You will then continue to receive your new level of Membership Rewards until the next automatic quarterly classification. Please ask for this special service.
Note: Deposits to a checking account do not qualify for reclassification due to the transactional nature of checking accounts.

MEMBERSHIP REWARDS: At a minimum, all members receive Bronze Rewards. As you are able to build your relationship with the Credit Union, your Rewards level may increase and build all the way to Gold Rewards. If the primary member on the account is age 62 and older or age 22 and younger, the account will automatically receive Silver Rewards. However, if these older or younger members maintain the balances required for Gold Rewards, they will receive the Gold benefits.

Examples:
Member age 20 or member age 65 = Silver Rewards
(Regardless of Account Balances)

$ 25.00 Savings Balance
+$200.00 Holiday Club Balance

               $225.00 Bronze Rewards
 
$2,000.00 Savings Balance
+$ 750.00 Checking Balance

$2,750.00 Silver Rewards
 
$ 1,000.00 Savings Balance
$ 5,000.00 IRA Balance
+$25,000.00 Certificate Balance

     $31,000.00

Gold Rewards

Membership
Rewards Structure

Bronze
Rewards

Silver
Rewards

Gold
Rewards

Average Deposit Account Balance Range
(all accounts)

$25 - $2,499

$2,500 - $24,999

$25,000+

Free Access to Online Banking

X

X

X

Free E-Statements   

X

X

X

Free Mobile Banking   

X

X

X

Free Internet Bill Payment Access (checking required)

X

X

X

No Fee Share/Savings

X

X

X

Free Check Card/ATM card (w/ checking)

X

X

X

Free ATM card (share account only)  (see fee schedule)

X

X

Free Foreign ATM Transactions *

4/month

8/month

12/month

Free Point of Sale Transactions

X

X

X

No Management Fee IRA Accounts

X

X

X

Checking Accounts: Unlimited Check-Writing

X

X

X

24 Hour, Toll Free Touch Tone Teller calls

10/month

10/month

20/month

Free check copies *

 2/year

5/year

Unlimited

Wire Processing Fee

 (see fee schedule)

(see fee schedule)

FREE

No minimum, no fee Regular Checking

 

X

X

Discounted Money Orders

 

X

X

Free Notary Service

 

X

X

Discounted VISA Gift Cards  

X

 X

Free Stop Payments *

 

2/year

5/year

Free Cashier's Checks

 

2/year

5/year

Free checks or 1/2 price checks (1 order per year) *

 

1/2 off

Free

Free Third Party Written Deposit Verifications

 

X

X

Interest checking minimum balance waiver

 

 

X

Periodic share certificate specials

 

 

X

Periodic loan specials or discounted rates

 

 

X

Free counter checks *

 

 

X

Free ATM card replacement *

 

 

X

Discount for using the Coin Machine
Fee will be discounted if deposited to the account of a minor,
see fee schedule for more details.

(see fee schedule)

(see fee schedule)

X

* Free Checking accounts are limited to Bronze Rewards for checking related services

Questions? Call a member service representative at (410) 687-5240 or (800) 410-0501. Telephone service hours are 9:00 am to 6:00 pm EST Monday through Thursday and 9:00 am to 7:00 pm EST on Friday.

 

     
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©2004 Membership Marketing Support Services
& LM Federal Credit Union

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