Don't Let Easy Money Roll Right By...

1)  Receive Cash Rebates when you finance or refinance a vehicle loan with LM Federal Credit Union as follows:
    $100 rebate with a loan of $10,000-$19,999
    $200 rebate with a loan of $20,000 or greater!

2)  Save $100's in loan interest with APRs* as low as:
     2.99% for new vehicles and 3.99% for used vehicles!

3)  Delay your first payment for up to 60 days!

Click here for more information on our auto loans.

Apply in as little as 20 minutes, answers within one hour:

• Apply online, and receive an instant rate quote.
• With a Loan Specialist, over the phone at 410-687-5240 or 800-410-0501 (option #2) or at our office.

*APR = Annual Percentage Rate.  Certain restrictions apply.  Loan application must be submitted by 9/30/10.  Loan must be disbursed by 10/31/10. 

Crazy Rates and Rebates on Home Equity Loans!

Home Equity Line of Credit: 
These special offers are hard to find elsewhere... 
 -Earn cash rebates with home equity balance transfers:  $50 for every $10,000, up to $500! 
 -PLUS:  An Intro APR* of 1.99% for 6 months!
 -Ongoing rates as low as Prime -3/4% APR*!
 -There are no points, application fees, or closing costs (subject to restrictions*). 
 -A line of credit is great for home improvements, tuition expenses, or future expenses.
 *APR = Annual Percentage Rate.  Closing costs on lines of  $20,000 or greater are waived if the line is not closed within 3  years. Loan must be secured by your primary residence in MD,  DC, PA and VA.  Rates are subject to change without notice.

Fixed Rate Home Equity Loan:  
 -Save in closing costs on a LOW RATE Fixed Rate Home Equity Loan as follows:
   Loans of $25,000-$49,999, $150 Rebate
   Loans of $50,000 or greater, $300 Rebate
 -Rates as low as 4.84% APR*! 
 -Never any points or application fees. 
 -Fixed Rate Home Equity loans are ideal for bill consolidations, refinances, and home improvements. 
 -The rate and payment never change.  
*APR = Annual Percentage Rate.  Closing cost credit applied at settlement and issued when loan is disbursed.  Loan application must be received by September 30th, 2010.  Loan must be settled no later than October 30th, 2010. Loan must be the 1st or 2nd lien on the property. Loan must be secured by your primary residence in MD, DC, PA and VA.  Rates are subject to change without notice.

 What Would You Do With $75??

Open a new Checking account with Direct Deposit and a Visa Check Card and we'll give you $75!!!*

LM Federal’s Free Checking includes:
- No minimum balance or monthly service fee
- No limit on check writing
- First order of checks are FREE
- Well buy back your old checks (up to $10 value)
- Free use of Internet Branch and Internet Bill Pay
- No fees for debit or credit purchases made with your access card
- Direct deposit from any organization

Click here for more information on all of our different checking account types.

To apply for a checking account call (410) 687-5240 or (800) 410-0501 and press “3” to apply by telephone.

*Certain restrictions apply.  Direct deposit of at least $300 per week required.  $75 incentive will be deposited once the first direct deposit is posted and confirmed. Checking and Visa Check Card are subject to approval.  $75 incentive will be subtracted from the account if it is closed within 90 days of opening. Promotion expires 09/30/2010.

 Visa Check Card = Cash Rebates...

Do you have a Visa Check Card??  Members with a new or existing Visa Check Card will automatically earn cash rebates on credit purchases in July, August, and September as follows:
  $.25 for credit purchases $50-$199
  $.50 for credit purchases $200 or greater!!!

The Visa Check Card is NOT a credit card.  Funds are taken from your Credit Union checking account when you initiate a credit purchase.

Certain restrictions apply.  Excludes PIN-based transactions.  Promotion ends September 30, 2010.

Did You Know...

...you can find a surcharge-free ATM when you’re on the road?  Now you can find a Co-Op ATM wherever you go.  Send a text message to “MYCOOP” (693667) with your zip code or city in the message area.  Within 30 seconds you’ll receive a list of Co-Op ATMs near you.  Remember, if it has the Co-Op logo, the withdrawal is surcharge free.  This includes most Credit Unions and ATMs in most 7-Eleven convenience store.  You may also make surcharge free withdrawals at Wawa and Sheets convenience stores.  Try it today!

Standard text messaging rates may apply.

Summer Related Services

We have what you need this Summer!

Boat, Jet Ski, RV & Motorcycle Loans:  We have loans available for all of your summer hobbies!  Visit our website at www.lmfcu.com for more information on these types of loans.  You may also research used values online as well as our current loan rates.  You may apply for any of these loans online, over the phone, or at our office.

Summer Club Account:  Need help saving for a vacation or other summer related expenses?  The Summer Club account keeps those funds separate and earns the same dividend rate as your regular share account.  Send a payroll deduction of $20 per week and you’ll have over $1,000 for next year!  The withdrawal period on the Summer club account is May 1st through August 31st.  Use the club account for any purpose:  vacation, tuition, home project, or maybe a new pool!

Theme Park Tickets:  If you are planning a trip to Six Flags, Kings Dominion, Hershey Park, or Dutch Wonderland this summer, get your discounted tickets at the Credit Union’s office!  You won’t get a coupon, you get the actual ticket, so you don’t have to wait in line at the gate.  Go online for a list of discounted prices.  If you need more than 10 tickets, call the Credit Union to check availability. 

MD State Fair Tickets:  The following discounted are now available:  Admission tickets, Ride-all-Rides bracelets, and Vendor coupons.  Save $1-$5 per ticket.  Although the fair is from
August 27th-Sept 6th, discounted ticket sales will not be available after Friday August 20th, so make sure you get them while they last! 

The Maryland Zoo in Baltimore:  Get your discount tickets to the Maryland Zoo in Baltimore at the Credit Union and save as much as $4.50 per ticket.  Tickets are good any day the zoo is open until December 2010, including weekends. 

Movie Theater Passes:  Do you enjoy catching a flick, but hate the high cost for the tickets?  Most Baltimore area movie theaters charge $10 per ticket!  LM Federal now has discounted movie passes as low as $6.50.  Movie passes are available for Regal and AMC theaters, are good seven days a week and do not expire.

Remember, discount tickets make a great gift idea!!!

Which is the Best Deal?  New vs. Used

Are you the kind of person who always goes with the newest model year when purchasing a vehicle?? 
Have you ever considered purchasing a used vehicle?  Don’t let the zeros fool you!!  Although many manufacturers are currently offering 0% financing on new vehicles, you can save hundreds by purchasing a used vehicle.  Here’s an example:

Comparison	New Vehicle  2010 Ford Fusion SE	Used Vehicle  2008 Ford Fusion SE	The Winner...
Retail Cost	$23,720	$15,530	Used costs $8,000 Less
Monthly Payment on 60 Month Term	$395 (assuming 0% APR*)	$286 (assuming 4.5% APR*)	Used payment is $109  less per month
Total Over Life of Loan	$23,720	$17,160	Used loan is $6,560 less
One Year Depreciation*	$6,690	$5,725	Used depreciation is $962 less

 *APR = Annual Percentage Rate.  Vehicles compared are similarly equipped.  Assuming 30,000 miles on the used vehicle.  Average mileage assumed when calculating depreciation.  Depreciation based on ALG future values.

Coming Soon...Western Union Services!

We are pleased to announce that we will be adding several NEW Western Union services this summer, including Money Transfers to third parties and Bill payment services.  More details will be available soon!

Don't Become a Check Scam Victim...

At LM Federal we see more and more of our own members fall victim to check scams.  Here’s some quick ways to avoid becoming a victim.  We can help; ask us to verify a check if...

...it’s sent with a letter saying you’ve won a lottery that you didn’t enter.
...you’re selling something and the amount’s more than the selling price.
...it’s from an unsolicited email and they want to be a ‘business partner’.
...you are instructed to deposit the check and wire funds right away.

In these situations, you are asked to send money and the check is no good.  You won’t get your money back because these people can never be found to be prosecuted.  Don’t become a victim; be prepared!

 Get $10 With Internet Bill Payment...

If you haven’t enrolled in LM Federal’s FREE Internet Bill Pay service, now is the time!  Sign up for Internet Bill Pay by the end of June and receive a $10 cash deposit to your account!*

*$10 will be deposited to your account once you have processed three payments per month for two consecutive months.  Checking account is required for Internet Bill Payment.  Enrollment must be received by September 30, 2010.  The last month to qualify for incentive is November 2010.

Do You Know Why Credit Unions Are Different??

At LM Federal we go the extra mile to make sure you have the best service available!  Here are some examples:

  -Someone stops in the CU to cash a large member check – we call the member to be sure he authorized the check before cashing it.
  -A member who typically doesn’t overdraft their checking account has an overdraft – we call to give the member an opportunity to deposit funds to cover the item.
  -A member applies for a checking account – we review their credit report and recommend they refinance their auto loan, saving them $40 per month in payments and hundreds in loan interest. 

Benefits of Payroll Deductions...

Start saving money automatically!  Allocate a certain amount of funds to go directly into an account at LM Federal.  You designate the amount and we can allocate your funds to multiple accounts including loans!  For example, you setup a deduction of $100.  We can allocate $10 to your holiday club, $5 to your kid’s account, $60 to your auto loan, and $25 to your primary share account.

To start payroll deductions give your employer the amount you would like to send.  Also give them your account number and our routing number: 2520-7639-0.  Let us know how you want your funds allocated between your accounts.  If you work for MRAS, just contact us and we’ll take care of the rest!  Lockheed Martin employees should setup payroll deductions on the LM People system and contact the Credit Union about allocating the funds.

Payroll deductions are usually available from any employer offering direct deposit.  Check with your employer and start saving today!

Change to Account Statements...

You may have noticed that the format of your revolving loan (not home equity loans) has changed.  These changes are in response to Federal Regulations which now mandate how revolving loans are disclosed on account statements.  The biggest changes are 1) there is no longer a running balance, and 2) similar transaction types (i.e. payments, interest, advances) are grouped together instead of being in chronological order.  If you have any questions about this change, please contact us. 

Change to Share ATM Fees...

Have you been reluctant to get an ATM card for your share account due to the monthly service fee??  Well now is the time to apply!  Effective August 1, 2010 we will no longer charge a monthly service fee for the Share ATM Card.  Also effective August 1, 2010 the fee for foreign ATM withdrawals has been changed to $2. 

The Share ATM Card is great to have if you don’t maintain a checking account with LM Federal.  It allows quick access to from any Co-Op ATM to your Credit Union share/savings account.  Plus, since you can access funds 24 hours a day, it is truly handy in an emergency situation. 

To apply for a Share ATM Card speak to a New Accounts Specialist by choosing option #3 when you call. 

Change to Overdraft Fees

Effective July 1, 2010 a $32 Returned Item fee will be charged when an ACH item or check is returned.  However, this fee will be waived if the account was charged a Non-Sufficient Funds Fee when the item originally posted to the account. 

Effective July 1, 2010, we will no longer charge a Non-Sufficient Funds fee when an account is overdrawn due to an ATM or Visa Check Card transaction. 

LM Federal Notes...

 LM Federal will be closed to observe the following Federal holidays:
    Monday, September 6th, Labor Day

 Credit Union Financial Statistics as of May 31, 2010:
     Assets:       $26,770,380.37
     Deposits:    $24,408,586.68
     Loans:        $17,526,793.63
     Reserves:     $1,936,294.40
     Members:                3,485