Selected Loan Rates

 APR as low as

 New Auto, 3 - 4 year  1.99% APR
 New Auto, 5 year 2.24% APR
 Used Auto, 3 - 4 year   2.24% APR
 Used Auto, 5 year 2.49% APR
 Home Equity Line  2.49% APR
 Fixed Home Equity, 5 year  3.84% APR
 Fixed Home Equity, 7 year  4.34% APR
 Signature  8.89% APR
  Boat & RV  4.24% APR
APR=Annual Percentage Rate  View All Rates





Member Cellular Discounts with Sprint

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* APY = Annual Percentage Yield

Share (Savings) Accounts

This is the core account required to open and maintain your LM Federal membership. The minimum deposit to open and avoid a fee is $25 (opening and subsequent deposits may be made by payroll deduction, via mail or in person). Your opening deposit may also be made with a "check-by-phone". Competitive dividends are paid quarterly on daily balances of $100 or greater. You may access your funds with a LM Federal ATM card if desired. The monthly ATM card service fee is waived for members qualifying for Silver or Gold Membership Rewards. Click here to apply for a share ATM card.

View our current rates | Apply for membership

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Secondary Share Accounts

An additional savings account that you may open for any purpose, a Secondary Share Account has the same minimum balance requirements, dividends and fees as the primary Share Account. Want to segregate funds for vacation, tuition, specific bills or other purposes? This account is the perfect solution. You may open multiple Secondary Share Accounts if you wish. You may have your payroll deduction allocated to multiple accounts (call to arrange). All accounts are set up under your primary member account number.

View our current rates | Apply for membership

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Certificate Accounts

LM Federal's highest rate federally insured investment. You pick the term that works best for you from 3 to 48 months. You get a higher rate by choosing a longer term or maintaining a higher balance. Dividends are compounded and paid monthly. A penalty is assessed for early withdrawals. The following are available:

  • Dividends paid to the certificate or any other deposit account
  • Option for automatic renewal
  • Monthly interest check available ($5,000 balance required)
  • Low minimum to open: $500 for terms of 6 months or greater, $1,000 for terms of 3 to 5 months.

Certificate Laddering: Get the most out of your savings with certificate laddering, which enables you to earn more dividends while maintaining frequent access to your funds. If you establish multiple certificates, stagger the maturity dates. As each certificate matures, consider reinvesting in a certificate with a longer term. For example, if you established a ladder with 6-month, 12-month, 18-month and 24-month terms, when the 6-month certificate matures, invest the funds in a new 24-month certificate. At the end of 2 years you'll have four, 24-month certificates with a certificate maturing every 6 months. Your earnings are higher as longer term certificate rates are higher than shorter terms.

You may open a certificate account by depositing funds currently on deposit elsewhere or by transferring funds from another LM Federal account.

Don't have enough to open a certificate? Setup a payroll deduction to deposit funds each payday to your share/savings account. Transfer the funds into a certificate when you've accumulated the amount desired.

View our current rates | Apply for membership

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Club Accounts

Finding it difficult to save for the holidays or for that summer vacation? A club account is the perfect solution! Club accounts, available as holiday and summer clubs, are a special savings account that earns the same high dividend rate as regular savings. New clubs may be opened anytime. Deposits are typically made by payroll deduction, direct deposit or automatic transfer from another account. Setting up a payroll deduction to your holiday club guarantees that you'll have the funds you'll need. For example, a $10 weekly payroll deduction will provide you with $520 (plus dividends) for next year's holiday expenses. The holiday club withdrawal period is October 1st through December 15th, the summer club withdrawal period is May 1st through August 31st. One penalty free withdrawal may be made during the club withdrawal period. Additional withdrawals made during the withdrawal period or withdrawals made outside of the withdrawal period are subject to a penalty.

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Individual Retirement & Educational Savings Accounts

An active, secure future is all about sensible planning and making your money work harder for you. We offer Traditional IRAs, Roth IRAs and Educational IRA's to meet your individual needs. All are available as Certificates, Money Markets or Share Accounts. You may transfer funds from other IRA accounts or from any Qualified Retirement Plan (including 401k plans) to a LM Federal IRA. And, there are no annual maintenance fees charged! Regular IRA contributions may be made by payroll deduction, through the mail, or in person.
TRADITIONAL IRA: Contributions may be tax deductible, creating an opportunity for you to save for the future today and by saving on the taxes that you might otherwise pay. Plus, your earnings gross tax deferred.
ROTH IRA: Earnings grow tax-free, contributions are not tax deductible. Withdrawals are generally tax-free if you don't begin withdrawals for at least 5 years and if you are at least age 59 1/2 or you use the funds for a first home purchase.
COVERDELL EDUCATIONAL SAVINGS ACCOUNT (ESA): An ESA can provide benefits and relief in funding a student's secondary and college education expenses. Contributions are not tax deductible, but earnings grow tax-free (restrictions apply).

View our current rates | Apply for membership

Frequently asked questions about IRA's including: contribution limits, tax deductions, who can contribute, tax advantages, withdrawal restrictions, and contribution deadlines 

If you have an Individual Retirement Account (IRA) as a Traditional, Roth or Coverdell ESA account with the Credit Union, please read this notice.
To comply with the Internal Revenue Service (IRS) rule change, we have amended your IRA disclosure documents, below you will find brief information on this change.

Language has been added to the disclosure statement to explain a change to the rollover rule. Effective January 1, 2015, an IRA owner may complete only one IRA to IRA rollover in any 12-month period, regardless of the number and type of IRAs owned by the individual. For example, you have two Traditional IRAs, two Roth IRAs and conduct a rollover on one, you may not do another rollover on any IRA for 12 months. The rule change applies to all IRAs-Traditional, Roth, and SIMPLE-as well as Coverdell education savings accounts (ESAs).
The changes do not affect your LMFCU account structure, such as your dividend rates, certificate maturity dates, minimum balances, etc.

We also encourage you to review your IRA beneficiary list to be sure that your existing beneficiaries are still appropriate.
If you would like to get a copy of the revised IRA disclosure or to review your IRA beneficiary list please call our office and press option “3” for New Accounts. You may also view and print a copy of the amended agreements by clicking on the appropriate link below.

Traditional IRA Disclosure
Roth IRA Disclosure
Coverdell Educational Savings Account Disclosure

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Money Market Accounts

Money Market Account: LM Federal Money Market Accounts provide you with the best available combination of high rates, liquidity, convenience and safety. With our tiered rate structure, higher account balances earn higher dividend rates. Check-writing is available (limit of 3 checks monthly). The minimum deposit required to open and avoid a monthly fee is only $2,500.00. Unlike money market mutual funds, LM Federal money market accounts are federally insured by NCUA up to $250,000. Like other LM Federal accounts, you may deposit by payroll deduction.

Money Market PLUS Account: The Money Market PLUS account is designed for big savers. The Money Market PLUS account requires a higher minimum balance of $25,000, but pays a higher tiered interest rate than our standard Money Market account. Members may still take advantage of the great services that come with a traditional Money Market account as listed above.

View our current rates | Apply for membership

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Family Accounts

Any member of your family may also open their own LM Federal membership. This includes your children, parents, brothers, sisters, grandparents, grandchildren, aunts, uncles, nieces and nephews, etc. Those living within the same household of an existing Credit Union member may also open their own membership. Family members have the same privileges as regular members; all LM Federal deposit and loan services are available to them. Deposits may be made by payroll deduction or direct deposit as usual from any employer or organization. New memberships may be opened in person or through the mail.

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Uniform Transfers to Minors Accounts (UTMA)

UTMA accounts are specialized accounts that allow you to make irrevocable transfers to a minor. Savings, Money Market & Certificate accounts are available under UTMA. The account is the property of the minor with a custodian having sole authority to transact on the account until the minor reaches age 21. UTMA funds should be used solely for the benefit of the minor. All dividends paid are reported under the minor's social security number. UTMA accounts are ideal when used with proper tax and estate planning.

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Estate Accounts

This account is designed to hold a deceased person's estate assets separate from an estate administrator's own personal accounts. The estate administrator must be an existing LM Federal Credit Union member. Like all memberships, a share/savings account is required with a minimum balance of $25. Checking accounts are also available. Typically, the deceased member's assets are deposited into savings, and then transferred as needed to checking for easy payment of taxes, debts, and other obligations during the estate settlement process.

  • A low $25 minimum balance requirement for savings.
  • Three checking accounts to choose from: Free Checking, Regular Checking, & Interest Checking.
  • First order of checks is free.
  • Account is eligible for benefits provided under LM Federal's Membership Rewards program.
  • Dividends earned from day of deposit to day of withdrawal on the savings account and interest checking accounts.
  • Combined, itemized monthly statement. (Quarterly without checking account.)
  • Free access to LM Federal's Online Banking System

View our current rates | Apply for membership

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Insurance built for Credit Union Members like you. Learn more.

Insurance Built for Credit Union Members Like You

TruStage insurance products are only available to Credit Union members. Your membership means competitive rates, helpful guidance without sales pressure and quality products trusted by your Credit Union. Regardless of your budget, we can help make sure the protection you need makes sense. It’s all part of smart planning and caring about the aspirations and achievements of those who matter most.

TruStage™ is the marketing brand for the insurance products. The Auto & Home Insurance Program is made available by CUNA Mutual Insurance Agency, Inc. and underwritten by leading insurance companies. Life and accidental death & dismemberment insurance is sold through CMFG Life Insurance Company. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by your credit union.

Have questions or want to get a quote?

- AD&D Insurance: Click here or Call 1-855-612-7910
    Monday thru Friday: 8 a.m. - 10 p.m.   
    Saturday: 9 a.m. - 5 p.m. ET

- Auto & Homeowners Insurance: Click here or Call 1-888-380-9287
    Monday thru Friday: 7 a.m. - 1 a.m. ET
    Saturday:  7 a.m. - 11:30 p.m. ET
    Sunday:    9 a.m. - 10 p.m. ET 

 - Life Insurance: Click Here or Call 1-855-612-7909    
    Monday thru Friday: 8 a.m. - 10 p.m. ET
    Saturday: 9 a.m. - 5 p.m. ET

Insurance services are not federally insured or guaranteed or sold directly by the Credit Union. Products may not be available in all states.



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& LM Federal Credit Union

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