- DEPOSIT RATES All accounts are federally insured up to $250,000.00
- LOAN RATES New! Get up to $300 in closing costs rebates with a fixed rate home equity loan!
Deposit Accounts Rates
Rates and annual percentage yields effective July 1st, 2010 and are subject to change without prior notice.
| ACCOUNT TYPE |
Annual PercentageYield |
Minimum Balance to Obtain APY* |
Dividends; Compounding Crediting and Frequency |
| Regular Shares (Savings) |
.10% |
$100.00 |
Quarterly |
| Secondary & Escrow Shares |
.10% |
$100.00 |
Quarterly |
| Interest Checking |
.05% |
$1,000.00 |
Monthly |
|
.10% |
$2,500.00 | ||
| Free & Regular Checking |
N/A |
N/A |
N/A |
| Holiday & Summer Club Accounts |
.10% |
$100.00 |
Quarterly |
| IRA* Shares |
.25% |
$100.00 |
Quarterly |
|
.05% |
$100.00 |
Monthly | |
|
.15% |
$2,500.00 | ||
|
.25% |
$10,000.00 | ||
|
.30% |
$25,000.00 | ||
|
.40% |
$50,000.00 | ||
|
Money Market Plus |
.10% |
$100.00 |
Monthly |
|
TYPE AND TERM |
MINIMUM BALANCE TO OPEN & OBTAIN ANNUAL PERCENTAGE YIELD |
DIVIDEND RATE |
ANNUAL PERCENTAGE YIELD |
| 3 - 5 Month Certificate |
$1,000.00 |
.35% |
.35% |
|
6 - 11 Month Certificate |
$500.00 |
.65% |
.65% |
|
12 - 17 Month Certificate |
$500.00 |
1.00% |
1.00% |
| 18 - 23 Month Certificate |
$500.00 |
1.14% |
1.15% |
| 24 - 35 Month Certificate |
$500.00 |
1.29% |
1.30% |
| 36 - 48 Month Certificate |
$500.00 |
1.74% |
1.75% |
| 3 - 5 Month Jumbo Certificate |
$25,000.00 |
.45% |
.45% |
|
6 - 11 Month Jumbo Certificate |
$25,000.00 |
.75% |
.75% |
|
12 - 17 Month Jumbo Certificate |
$25,000.00 |
1.10% |
1.10% |
| 18 - 23 Month Jumbo Certificate |
$25,000.00 |
1.24% |
1.25% |
| 24 - 35 Month Jumbo Certificate |
$25,000.00 |
1.39% |
1.40% |
| 36 - 48 Month Jumbo Certificate |
$25,000.00 |
1.83% |
1.85% |
|
|
|||
|
$1,000.00 |
.45% |
.45% | |
| 6 - 11 Month IRA* Certificate |
$500.00 |
.75% |
.75% |
|
12 - 17 Month IRA* Certificate |
$500.00 |
1.10% |
1.10% |
| 18 - 23 Month IRA* Certificate |
$500.00 |
1.24% |
1.25% |
| 24 - 35 Month IRA* Certificate |
$500.00 |
1.39% |
1.40% |
| 36 - 48 Month IRA* Certificate |
$500.00 |
1.83% |
1.85% |
|
|
|||
| 3 - 5 Month Jumbo IRA* Certificate |
$25,000.00 |
.55% |
.55% |
| 6 - 11 Month Jumbo IRA* Certificate |
$25,000.00 |
.85% |
.85% |
| 12 -17 Month Jumbo IRA* Certificate |
$25,000.00 |
1.19% |
1.20% |
| 18 -23 Month Jumbo IRA* Certificate |
$25,000.00 |
1.34% |
1.35% |
| 24 -35 Month Jumbo IRA* Certificate |
$25,000.00 |
1.49% |
1.50% |
| 36 -48 Month Jumbo IRA* Certificate |
$25,000.00 |
1.93% |
1.95% |
Certificate accounts are subject to an early withdrawal penalty. All certificate dividends are paid and compounded monthly.
New Certificate account rates are subject to change at any time without prior notice. Fees may reduce earnings.
*IRA = Individual Retirement Account & Coverdale/Educational Savings Account
** APY = ANNUAL PERCENTAGE YIELD
All accounts are federally insured to at least $250,000.00 by N.C.U.A., an agency of the U.S. government.
IRA accounts are federally insured up to $250,000.00 by N.C.U.A., an agency of the U.S. government.
|
Loan Rates As of July 12th, 2010. Rates subject to change without prior notice. |
NEW AUTO, TRUCK & VAN LOANS*
To purchase or refinance a recently purchased new auto or truck. Rates also apply for purchases or refinances of 2010 and 2009 used models with less than 20,000 miles.
|
20% Down |
10% Down |
0% Down | |
| Up to 36 months, as low as: |
2.99% APR |
3.24% APR |
3.74% APR |
| 37 to 48 months, as low as: |
3.49% APR |
3.49% APR |
3.99% APR |
| 49 to 60 months, as low as: |
3.99% APR |
3.99% APR |
4.49% APR |
| 61 to 84 months, as low as: |
4.99% APR |
4.99% APR |
5.24% APR |
*Rates include a 1/4% automatic repayment discount. Rates, down payment and terms will depend on past credit history. The minimum rate is 2.99% APR. APR = annual percentage rate.
(We do more than financing! Check out our complete Auto Center!)
View detailed Auto Loan information. Apply for a consumer loan!
USED AUTO, TRUCK, SUV & VAN LOANS*
|
20% Down |
10% Down |
0% Down | |
| Up to 36 months, as low as: |
3.99% APR |
3.99% APR |
4.24% APR |
| 37 to 48 months, as low as: |
3.99% APR |
3.99% APR |
4.99% APR |
| 49 to 60 months, as low as: |
3.99% APR |
4.49% APR |
4.99% APR |
| 61 to 72 months, as low as: |
5.49% APR |
5.49% APR |
5.74% APR |
*Rates include a 1/4% automatic repayment discount. Minimum rate is 3.99%. APR = annual percentage rate. Rates, down payment and terms will depend on past credit history. The rate for model year 2003 thru 2005 or older vehicles is 1.5% higher than the rates listed above (2.5% higher for models 2002 or older). Minimum vehicle value of $10,000 required for model year 2002 and older.
(We do more than financing! Check out our complete Auto Center!)
View detailed Auto Loan information. Apply for a consumer loan!
Introductory rate of 6.99% in effect for the first 4 months. Thereafter, ongoing rates are as low as Prime plus 1.9%, currently 7.50% APR.
View detailed Quick Cash information Apply for a consumer loan!
Rates are as low as 8.99%, terms up to 54 months.
View detailed Personal Loan information. Apply for a consumer loan!
Home Equity Credit Line Rates Introductory Rate Lowered To 1.99% APR!
Introductory rate of 1.99% for the first six months after opening. Ongoing rates are:
| Line of Credit Limit | Up to 80% LTV, rates as low as | Up to 90% LTV, rates as low as |
| $25,000 to $150,000 | Prime -3/4% (currently 4.0%*) | Prime -1/4% (currently 4.0%*) |
| $5,000 to $24,999 | Prime -1/2% (currently 4.0%*) | Prime +0 (currently 4.0%*) |
A revolving line of credit secured by your primary residence. *The lifetime floor/minimum interest rate is 4.0%. The maximum line available is $150,000.00. LTV = loan-to-value. Available in MD, VA, PA, DE and DC. No closing costs are charged (restrictions apply).
View detailed Home Equity Loan information. Apply for a home equity loan!
Fixed-Rate Home Equity Loan Rates (new rates effective January 23rd, 2009)
A fixed rate installment loan secured by your primary residence.
|
Up to 70% Loan to value |
Up to 80% Loan to Value |
Up to 90% Loan to Value | |
| Up to 5 years, as low as: |
4.49% |
4.64% |
5.39% |
| Up to 7 years, as low as: |
4.99% |
5.14% |
5.89% |
| Up to 10 years, as low as: |
6.09% |
6.24% |
6.99% |
| Up to 15 years, as low as: |
6.59% |
6.74% |
7.49% |
LTV = maximum loan-to-value. Available in MD, VA, PA, DE and DC. No closing cost loans are available (rate of 1% higher, restrictions apply). The home appraisal is free (a $300 value). Maximum loan is $100,000.
View detailed Fixed Rate Home Equity Loan information. Apply for a home equity loan!
Boat & Recreational Vehicle Loans*
Rates as low as:
| Loan Term |
Loans $25,000-$70,000 |
Loans under $25,000 | ||||
| 5 Years |
5.74% APR |
6.99% APR | ||||
| 10 Years |
5.99% APR |
7.49% APR | ||||
| 15 Years |
6.24% APR |
Not Available | ||||
*Rates include a 1/4% automatic repayment discount. APR = Annual Percentage Rate
(1/4% discount available if member elects 5-year balloon payment (minimum loan of $25,000)
View detailed Boat & RV Loan information. Apply for a consumer loan!
Motorcycle Loans*
Rates as low as:
| Term |
New Rate |
Used Rate |
| 4-Years | 6.74% APR | 7.24% APR |
| Up to 5 1/2 Years | 6.99% APR | 7.49% APR (5-year) |
*Rates include a 1/4% automatic repayment discount. 1/4% off if put 40% down.
APR = Annual Percentage Rate
View detailed Motorcycle Loan information. Apply for a consumer loan!
Share & Certificate Loans
(Borrow against your share/savings or a regular certificate account - excluding IRA's)
| Share Loans | 4.0% APR (Annual Percentage Rate) |
| Certificate Loans | current certificate rate plus 2.5% APR |
View detailed Share & Certificate Loan information
RediLine Checking Overdraft Loan 15.9% APR
APR = Annual Percentage Rate
View detailed RediLine information Apply for a consumer loan!
Rates are subject to change at any time. Automatic loan repayment options available are 1) payroll deduction (from any employer), or 2) weekly or monthly automatic transfer from a LM Federal share, secondary share, checking or money market account. APR = annual percentage yield.
ACCOUNT SERVICE FEES: as of July 1st, 2010
As the Credit Union is a member owned financial cooperative, our fees are typically lower than the fees charged by other financial service providers.
SHARE/SAVINGS ACCOUNTS:
| Balance of Less Than One Share ($25) for 6 Months | The Balance |
| No Current Address For At Least 6 Months | $2.00 per month |
| MONEYMOVER transfer fee for electronic transfers after three per month or transfers of less than $100 | $5.00 per transfer |
| Balance of Less Than $300: Withdrawal Fee After 3 Withdrawals Per Month | $3.00 per withdrawal |
| Hold Mail at the Credit Union | $3.00 quarterly |
| Reopening Within 180 days of being closed | $10.00 |
|
ATM Card Fee (Waived for Silver & Gold Rewards) |
$2.00 monthly |
| Foreign ATM Withdrawal Fee | $1.00 |
| Foreign ATM Balance Inquiry or Transfer Fee | $.75 |
ALL CHECKING & MONEY MARKET ACCOUNTS:
| Visa Check Card Purchases (without using a PIN) | NO CHARGE |
| Access to Internet Bill Payment (checking account required) | NO CHARGE |
| Star ATM Card Purchases (using a PIN) | NO CHARGE |
| Regular Checking Accounts: Monthly fee if $500.00 average balance not maintained (waived for Silver or Gold Rewards) | $4.00 |
| Interest Checking Accounts: Monthly fee if $1,000 average balance not maintained (Waived for Gold Rewards) | $6.00 |
| Free Checking Accounts: Monthly fee if no activity for 3 months: | $3.00 |
| Free Monthly ATM Withdrawals *: Based on Rewards Level: (Money Market accounts are not given ATM access) (no limit on use of the LM Federal ATM) | Bronze Rewards: 4 per month Silver Rewards: 8 per month Gold Rewards: 12 per month |
| Fee Per ATM Withdrawal Over The Number Provided No-charge | $1.50 |
| Visa Check or ATM Card Replacement * (no fee if original defective card is returned)(No charge with Gold Rewards) | $8.00 |
| Account Balances and Transfers At a Foreign ATM (3 balance inquiries free per month for Regular and Interest Checking)(no charge at the LM Federal ATM) | $1.00 each balance inquiry $.50 each transfer |
| Non-Sufficient Funds Fee (if more than $5 overdrawn, max 3/day, waived if card overdraft) |
$32.00 |
| Returned Item Fee | $32.00 |
| Stop Payment Fee * (2 per year free with Silver Rewards, 5 per year free with Gold Rewards) | $22.00 |
| Photocopy Of Paid Check * (2 free per year with Bronze Rewards, 5 free per year with Silver Rewards, no limit for Gold Rewards) | $5.00 |
| Automatic Overdraft Transfer From Regular Shares (not available for money market shares)(limited to three monthly) | $2.00 per transfer |
| Rediline Overdraft Loan Advance Fee (maximum of $2 per day) | $2.00 per advance |
| Check Printing Fees; * Fees Vary, (Silver Rewards: 1/2 price off 1 basic check order each year)(Gold Rewards: one order free each year) | Start at $9.13 |
| Counter Checks, * Per Day: (10 provided free for new accounts) (no charge for Gold Rewards) | $1.00 for 1st check $.50 for additional checks |
| Account Reconciliation (first 5 minutes no charge) | $4.00 per 15 minutes |
| Internet Bill Pay: Monthly or Per Transaction Fee | None |
| Internet Bill Pay: Monthly Dormant Fee (system not used in the last 3 months) Applies for Silver or Gold Membership Rewards |
$4.95 Monthly |
| Visa Check Card Currency Conversion Fee | 1.5% of the transaction amount for foreign currency withdrawals or purchases |
| Fee Schedule For Checking Accounts OpenedPrior To January 1, 2001: | Available Upon Request |
| Cirrus ATM Withdrawal Conversion Fee (disbursed in foreign currency) | 1.5% of the transaction amount for foreign currency withdrawals |
MONEY MARKET SHARE ACCOUNTS:
| Fee if more than 3 checks paid per month | $5.00 per check |
| Regular Money Market: Fee if Balance falls below $2,500.00 | $10.00 monthly |
| Money Market Plus: Fee if balance falls below $25,000.00 | $15.00 monthly |
CLUB ACCOUNTS:
| Withdrawals made outside of specified dates or more than one withdrawals made during the maturity period | $18.00 per withdrawal |
OTHER FEES WHICH APPLY TO ALL ACCOUNTS:
| Internet Branch (Online Banking) | Free |
| ACH Overdraft fee (maximum of 3 fees per day) | $32.00 per item |
| Return Item Fee | $32.00 |
| Returned Deposited or Cashed item | $10.00 |
| Check Stop Payment (2 Per Year Free With Silver Rewards) (5 Per Year Free With Gold Rewards) | $22.00 |
| Cashiers Check: (2 Per Year Free With Silver Rewards) (5 Per Year Free With Gold Rewards) | $7.00 |
| Money Orders (only $.75 each with Silver or Gold Rewards) | $1.25 |
| Coin Machine Usage: Silver/Bronze rewards level Deposit to minor's account Gold rewards level |
7% of coin value 5% of coin value 4% of coin value |
| Touch Tone Teller Per Call Fee After 10 calls per month (20 free calls monthly for Gold Rewards) | $.50 per call |
| Duplicate Statement of Account or annual tax form 1099/1098/W-2 | $3.00 per statement |
| Printed Account History (free within Internet Branch) | $2.00 per report |
| Sending Account Information By Fax | $1.00 per fax |
| Photocopy of Deposited or Cashed Checks | $5.00 |
| Collection of Checks Drawn Outside of the United States | $5/item + Pass thru LM Federal cost |
| Handling of Court Attachments or Account Levies | $50.00 |
| Notary Public Service (waived for Silver or Gold Rewards) | $2.00 per day |
| Wire-In Fee (waived for Gold Rewards) | $8.00 if Bronze $5.00 if Silver |
| 3rd Party Written Account Verification (waived for Silver or Gold Rewards) | $3.00 |
| Federal Express, Standard/Priority | $12.00/$14.00 |
| Check-By-Phone Fee for Loan Payments and Deposits (waived for new accounts) |
$5.00 |
| Cash Withdrawn/Checks Cashed In Excess of $10,000 Per Week | $5.00 for each $1,000 over $10,000 |
| Excessive MSR contact fee (Bronze/Silver Rewards 10/month free; Gold 20 free) | $ .75 for each additional contact |
| Negative balance fee (charged on 7th consecutive day an account is negative) | $32.00 |
| Escheat/abandoned property processing fee |
$10.00 if balance is $50 or less |
| Estate Accounts - if close within 60 days of re-opening | $10.00 |
FEES FOR SERVICES PROVIDED TO NON-MEMBERS*: $5.00 for checks $500 + $1.75
Cashing a check drawn on LM Federal
Cashing a check not drawn on LM Federal (only local government or Lockheed Martin/MRAS payroll checks may be cashed by non-members)
1% of check amount, minimum
fee of $1, maximum fee of $5
Money Orders
Postage Stamps
Face value +$.50
Coin Machine Usage
9% of coin value
Issuance of Duplicate Vehicle Lien Release
$10.00
Notary Public Service
$2.00 per stamp
Theme Park Tickets
Member price +$1.00
Withdrawal at LM Federal's ATM Machine (if not a member of the Co-Op network)
$2.00 per withdrawal
*These services are only provided to non-members who are within the Credit Union's field of membership. This includes employees of Lockheed Martin, MRAS, and the Warfield Air National Guard base in Middle River as well as family members of existing members. People within LM Federal's field of membership are encouraged to open a Credit Union membership in order to avoid the additional charge on these services.
|
©2005 Membership Marketing Support Services |
 |