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NCUALOGO

Deposit Accounts Rates

Rates and annual percentage yields effective February 1st, 2014 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)

.05%

$100.00

Quarterly

Secondary & Escrow Shares

.05%

$100.00

Quarterly

Interest Checking

.01%

$100.00

Monthly

 

 

Free & Regular Checking

N/A

N/A

N/A

Holiday & Summer Club Accounts

.05%

$100.00

Quarterly

IRA* Shares

.10%

$100.00

Quarterly

Money Market Shares
(Regular & IRA*)

.00%

$100.00

 

Monthly

.05%

$2,500.00

.05%

$10,000.00

.05%

$25,000.00

.15%
.15%

$50,000.00
 $100,000.00

Money Market Plus 
  (Regular & IRA)

.00%
.10%
.15%
.20%

$100.00 
$25,000.00
$50,000.00
$100,000.00

Monthly 

 

CERTIFICATE ACCOUNTS:

TYPE AND TERM

MINIMUM BALANCE TO OPEN & OBTAIN ANNUAL PERCENTAGE YIELD

DIVIDEND RATE

ANNUAL PERCENTAGE YIELD

3 - 5 Month Certificate 

$1,000.00

.05%
.05%

6 - 11 Month Certificate 

$500.00

.25%
.25%

12 - 17 Month Certificate

$500.00

.30%
.30%
18 - 23 Month Certificate

 $500.00

.40%

.40%

24 - 35 Month Certificate

$500.00

.50%
.50%
36 - 48 Month Certificate

$500.00

.65%
.65%
3 - 5 Month Jumbo Certificate

$25,000.00

.05%
.05%

6 - 11 Month Jumbo Certificate

$25,000.00

.25%
.25%

12 - 17 Month Jumbo Certificate

$25,000.00

.30%
.30%
18 - 23 Month Jumbo Certificate

 $25,000.00

.40%

.40% 

24 - 35 Month Jumbo Certificate

$25,000.00

.50%
.50%
36 - 48 Month Jumbo Certificate

$25,000.00

.65%
.65%

 

     

3 - 5 Month IRA* Certificate

$1,000.00
.10%
.10%
6 - 11 Month IRA* Certificate
$500.00
.30%
.30%

12 - 17 Month IRA* Certificate

$500.00
.35%
.35%
18 - 23 Month IRA* Certificate

 $500.00

.45%

.45%

24 - 35 Month IRA* Certificate
$500.00
.55%
.55%
36 - 48 Month IRA* Certificate
$500.00
.70%
.70%

 

     
3 - 5 Month Jumbo IRA* Certificate
$25,000.00
.10%
.10%
6 - 11 Month Jumbo IRA* Certificate
$25,000.00
.30%
.30%
12 -17 Month Jumbo IRA* Certificate
$25,000.00
.35%
.35%
18 -23 Month Jumbo IRA* Certificate

$25,000.00

.45%

.45%

24 -35 Month Jumbo IRA* Certificate
$25,000.00
.55%
.55%
36 -48 Month Jumbo IRA* Certificate
$25,000.00
.70%
.70%

Certificate accounts are subject to an early withdrawal penalty.(See next page for details) Certificate dividends are paid and compounded monthly. Penatlies will reduce earnings. IRA accounts include Traditional IRA, Roth IRA and Coverdale Educational Savings Accounts.

All rates are subject to change at any time without prior notice. Fees may reduce earnings.
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 


Regular accounts are federally insured up to $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.

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Loan Rates

As of October 21st, 2013. Rates subject to change without prior notice. 
APR = Annual Percentage Rate

NEW AUTO, TRUCK & VAN LOANS*
To purchase or refinance a recently purchased new auto or truck. Rates also apply for purchases or refinances of 2013 and 2014 used models with less than 20,000 miles.

 

10% Down

0% Down

Up to 36 months, as low as:

1.74% APR

1.74% APR

37 to 48 months, as low as:

1.74% APR

1.74% APR

49 to 60 months, as low as:

1.74% APR

1.89% APR

61 to 84 months, as low as:

2.74% APR

2.74% APR

 *Rates include a 1/4% automatic repayment discount, and online application discount of 0.10%. Rates, down payment and terms will depend on past credit history. The minimum rate is 1.74% APR. APR = annual percentage rate. Down payment includes cash or valid trade-in credit.

We do more than financing! Check out our new AutoSMART Center
View detailed Auto Loan information. | Apply for a consumer loan!


 


USED AUTO, TRUCK, SUV & VAN LOANS*

To purchase (from a dealer or private party) or refinance a model year 2012 thru 2000 vehicle*.

 

10% Down

0% Down

Up to 36 months, as low as:

1.99% APR

1.99% APR

37 to 48 months, as low as:

1.99% APR

2.14% APR

49 to 60 months, as low as:

1.99% APR

2.39% APR

61 to 72 months, as low as:

2.99% APR

3.14% APR

*Rates include a 1/4% automatic repayment discount, and online application discount of 0.10%. Minimum rate is 1.99% APR for terms up to 5 years and 2.99% APR for terms greater than 6 years.. APR = annual percentage rate. Rates, down payment and terms will depend on past credit history. Down payment includes cash and valid trade-in credit. The rate for model year 2007 thru 2009 or older vehicles is 3/4% higher than the rates listed above (1.75% higher for models 2006 or older). Minimum vehicle value of $5,000 required for model year 2006 and older. Model 2013 and 2014 vehicles with less than 20,000 miles qualify for the new vehicle rates listed above.

We do more than financing! Check out our new AutoSMART Center
View detailed Auto Loan information | Apply for a consumer loan!



Personal Loans

Rates are as low as 8.99%, terms up to 54 months (assuming a credit score of 730+).

View detailed Personal Loan information | Apply for a consumer loan!

 


 

Education & Computer Loans

Rates are as low as 7.99% APR, terms up to 18-months.
1/4% rate discount for automatic payment.

View detailed Education & Computer Loan information | Apply for a consumer loan

 


 


Home Equity Credit Line Rates
 

Introductory rate of 1.99% for the first 6 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 3.50%*)  Prime -1/4% (currently 3.50%*) 
$5,000 to $24,999 Prime -1/2% (currently 3.50%*)  Prime +0 (currently 3.50%*) 

 

A revolving line of credit secured by your primary residence. *The lifetime floor/minimum interest rate is 3.50%. The maximum line available is $200,000.00. 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 October 21st, 2013)
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:
3.84%
3.99%
4.74%
Up to 7 years, as low as:

4.34%

4.49%

 5.24%

Up to 10 years, as low as:
5.09%
5.24%
5.99%
Up to 15 years, as low as:
5.59%
5.74%
6.49%

LTV = maximum loan-to-value. Available on your primary residence in MD, VA, PA, DE and DC. No closing cost loans are available (restrictions apply). Deduct 1/4% if the new Credit Union loan will be the only mortgage on the home. The home appraisal fee is typically waived (a $325 value). Maximum loan is $150,000 for terms of 7-years or less, otherwise $100,000.

View detailed Fixed Rate Home Equity Loan information | Apply for a home equity loan!



Boat & Recreational Vehicle Loans*

Including power, sail, pontoon and personal water craft, travel trailers, campers and motor homes. Rates as low as:

Loan Term

Loans $25,000 to $100,000

Loans $15,000 to $24,999

Loans under $15,000

5 Years

4.49% APR

5.24% APR

5.74% APR

6 - 10 Years

4.49% APR

5.74% APR

6.24% APR

11- 15 Years

4.74% APR

Not Available

Not Available

 

 

 

 

*Rates include a 1/4% automatic repayment discount and assume credit score of 730+. Other rates apply for lower credit scores. APR = Annual Percentage Rate.
Rates assume 20% down payment. Rate 1/4% less if 30% or greater down, subject to 4.49% minimum rate.
(1/4% discount available if member elects 5-year balloon payment (minimum loan of $25,000 required)

View detailed Boat & RV Loan information | Apply for a consumer loan!


 


Motorcycle Loans*

Rates as low as:

Term

New Rate

Used Rate

4-Years 5.99% APR 6.49% APR
Up to 5 1/2 Years 6.24% APR 6.74% 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 | Apply for a consumer loan!




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.

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 ACCOUNT SERVICE FEES: as of June 1st, 2014

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
Foreign ATM Withdrawal Fee $1.00
Foreign ATM Balance Inquiry or Transfer Fee $1.00
Dormant Shares
(Membership Primary Share Accounts: Assessed a fee if no activity within the last 12 months, and:
1. The account balance has been less than $100.00 for at least one year.
2. The primary account owner is age 18 or older.
3. The member has no other deposit or loan account relationships on that account number (restrictions apply).)
$3.00 quarterly

 

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 monthly
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
Rush delivery of an ATM or Visa Check Card $45.00
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)
$35.00
Returned Item Fee $35.00
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) $3.00 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 $9.97
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: Fee if less than 2 bills processed each month (consumer accts) $4.95 Monthly
Internet Bill Pay fee for Business Accounts $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 Opened Prior 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 
* Free Checking accounts are limited to Bronze Rewards for checking related services

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:

Online Banking Free
E-Statements Free
Mobile Banking       Free
ACH Overdraft fee (maximum of 3 fees per day) $35.00 per item
Return Item Fee $35.00
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) $10.00
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 Online Banking) $2.00 per report
Sending Account Information By Fax $2.00 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 $75.00
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
Wire-out Fee- Domestic $25 if Bronze/Silver Rewards
$20 if Gold Rewards
Wire-out Fee- International $40 if Bronze/Silver Rewards
$35 Gold Rewards
3rd Party Written Account Verification (waived for Silver or Gold Rewards) $5.00
Federal Express, Standard/Priority $15.00/$17.00
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
Check Cashing Fee (Only for Lockeed Martin, MRAS, Federal or State Government Checks.) (Waived if share balance >$200 or other accounts or loans established and for new members for the first 30 days.) $2.00
Negative balance fee (charged on 7th consecutive day an account is negative) $35.00
Empty ATM Envelope Deposit $35.00 first time, $50 each time thereafter
Escheat/abandoned property processing fee

$10.00 if balance is $50 or less
$20.00 if balance is greater than $50

Estate Accounts - if close within 60 days of re-opening $10.00
VISA Gift Cards (only $3.49 for Silver and Gold Rewards) $3.99

FEES FOR SERVICES PROVIDED TO NON-MEMBERS*:
Cashing a check drawn on LM Federal

$5.00 for checks $500 + 

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 $3
- Maximum fee for checks over $1,000 is $6.

Money Orders

$1.50

Postage Stamps Face value +$.50
Coin Machine Usage 9% of coin value
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
VISA Gift Cards $4.99

*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.

LOAN SERVICES FEES AND PRICING:
 Issuance of Duplicate Vehicle Lien Release for Non-Members  $10.00
 Carfax Report (Only through C.U. Rep)  $17.99***
 Guaranteed Auto Protection (GAP)  $299.00
 Route 66 Extended Warranty, Auto/Truck  See a Loan Specialist for a quote

*** If auto is financed with LM Federal Credit Union, we will refund up to three carfax report fees.

 

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& LM Federal Credit Union

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