Selected Loan Rates

 APR as low as

 New Auto, 3 - 5 year  1.99% APR
 Used Auto, 3 - 5 year   2.24% APR
 Home Equity Line  2.24% APR
 Fixed Home Equity, 5 year  3.84% APR
 Fixed Home Equity, 7 year  4.34% APR
 Signature  8.89% APR
 Boat & RV  4.49% APR
APR=Annual Percentage Rate  View All Rates

 

             

                                              

Shop America Program

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Member Cellular Discounts with Sprint

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    Financial Statistics as of December 31, 2015

     


         

    Getting a Loan Without Visiting The Office!

     

    Apply online 24/7 or by telephone
     
    Loans are typically approved within 2-hours or by the next business morning.
    Agreements may be signed by secure e-signature using your PC, tablet, smart phone or other device.
    Funds are disbursed by Federal Express or electronic transfer.
    Home equity loans are settled at our office or at a location convenient to you.
    Questions? Click here or call 800-410-0501.

     


      

    Attention: Checking Account Upgrade
    To Card Overdraft Protection

    We have completed an upgrade to our Visa check card overdraft protection system that now provides real-time share/savings transfers to cover a checking account card transaction.

    Previously, share/savings overdraft protection was only enabled for ACH and check overdrafts. Card transactions that required a savings automatic overdraft protection transfer were denied.

    With the new upgrade, members who have elected share/savings overdraft protection will have transactions approved, subject to overdraft protection limitations.

    For example, if you have authorized savings overdraft protection and your checking balance is $0, when you attempt a $40 checking card purchase or withdrawal, the transaction will be approved and $43 will be transferred from savings to checking. A $3 convenience fee will be posted to checking.

    If you have any questions or would like to enable savings overdraft protection, please contact a Member Service Representative.

     


      

     Fraud Alert: Scammers Fake Social Security Email


    The subject line says “Get Protected,” and the email talks about new features from the Social Security Administration (SSA) that can help taxpayers monitor their credit reports, and know about unauthorized use of their Social Security number. It even cites the IRS and the official-sounding “S.A.F.E Act 2015.” It sounds real, but it’s all made-up.
    It’s a phishing email to get you to click on a scammer’s link. If you do, a scammer can install malware — like viruses and spyware — on your computer. Or, the link might send you to a spoof site — a lookalike website set up by a scammer to trick you into entering your personal information.
    Click here for additional scam alerts from the Federal Trade Commission.

     


     

     Getting a Tax Refund?

     

    Have your refund direct deposited to your Credit Union account. Our routing number is 252076390. You may have your refund deposited to savings or checking.

    LM Federal Credit Union members can prepare, print and e-file with TurboTax for a discounted fee. TurboTax also will file your simple federal return for free.

      


     

    Wine Country Gift Basket and
    Child's Toy Basket Drawing Winners!


    The winner of the Child's holiday basket is Lendelle S. His name was entered into the drawing when he was opened a new membership with a payroll deduction of at least $5.00 a week.  

    The winner of the Wine Country gift basket is Roberta T. Her name was entered into the drawing when she opened a holiday club account with a payroll deduction of $5.00 a week.

     


      

    Annual Johns Hopkins Children's Center Fund Raising


    We wanted to thank the many members who made a small donation to the Hopkins Children’s Center during our December donation drive.
    The total donation amount was $713.00, which included a match by the Credit Union. We encourage everyone to consider making a donation to this great organization.
    For additional information visit www.hopkinschildrens.org or call (410) 955-5000.

      


      

     Protect Yourself When Making Online Purchases

    • Never provide your social security #
    • Research the website before ordering
    • Only shop secure websites
    • Don’t give out too much information
    • Watch out for high shipping charges
    • Print and keep purchase receipts
       

        

     Consumer Reports Gives Credit Unions High Marks

    Credit unions earned some of the highest marks for service that Consumer Reports has ever given to an industry in its recent financial services series, “Bank & Credit Union Buying Guide.” The ratings are based on more than 74,000 bank and credit union ratings.

    “Credit unions are among the highest-rated services we’ve ever evaluated, with 93% of their customers highly satisfied, on average, vs. 69% for the four biggest national banks,” said Jeff Blyskal of Consumer Reports, in a statement. “That satisfaction is driven by good customer service, not surprising when you consider that credit unions are owned and managed by their members.”

    In addition to being highly ranked for service, Consumer Reports also recognized credit unions for low costs.

     


      

    Year-end Financial Checklist

    Total up your year-to-date spending. Whether you organize by computer or on paper, make sure your tracking system for spending, saving and investment is up to date.

    Check in with your financial planner or tax professional. See if they can review your numbers and make suggestions on year-end financial activities and plan changes you should make in 2016. Don't have a planner? The Credit Union's financial planner can help!

    Check and re-balance your investments. Be sure to check if your retirement and other investments are still on track with your investment goals.

    Check your various insurance coverage's. Review the adequacy and pricing of your coverage.

    Update your W-2, benefits and estate plan if necessary. See if your tax withholding and employee health coverage and investments need review.

    Do a last-minute tax review. Review your annual income, investment and spending data to see if there's anything you can do in the final weeks of the year to save on taxes.

    Save time and cut back on waste with online bill pay and deposits. Automatic online bill pay means you won't have to waste time writing checks or risk late payment fees.

     


      

    The Coin Machine is Back!

     

    Turn your loose coin into holiday shopping cash!  

    Bring your loose coin to the office and you may either deposit 
    the proceeds or take the cash. 

    The processing fee is as low as 4% of the transaction amount.

     


     

    International Credit Union Week Drawing Winners


    Congratulations to Robert M. and Sarah C. for signing up for LM Federal Credit Union E-statements or Online banking during the week of International Credit Union Week. Members who signed up for online banking or E-statements during the week of October 12th - October 16th had their names put into a drawing for one of two $50 Visa Gift Cards.

    Congratulations to Ellen C. and Diane T. for answering the Credit Union difference questions during International Credit Union week! The Credit Union held various activities to celebrate the difference between Credit Unions and other financial institutions. All members who answered the Credit Union difference question correctly had their name entered into a drawing for one of two $50 Visa Gift cards!

    The Credit Union difference questions for International Credit Union Week 2015 were: 

    Who owns the Credit Union? Credit Union members

    People who belong to Credit Union are known as? Members

    The Mission of the Credit Union is? Financial self-help for members, help members save money, provide fast low rate loans, and the answer was all of the above

    LM Federal Credit Union's "profits" go to? Credit Union members in the form of better rates and lower fees

    If you had trouble answering any of the above questions visit please contact a Member Service Representative at 800-410-0501.

     


     

    Student Loans - Think Twice Before Borrowing and Spending

    Guidewell Financial Solutions, a non-profit financial counseling service, has published the following important information to avoid student loan trouble once you graduate. Click here to read the full article.

    College students who graduated last spring entered the real world further in debt than any class before them. Young adults who began college this fall will probably leave school owing even more. However, national nonprofit Guidewell Financial Solutions believes it is possible for students and their families to buck this trend if they limit the amount of debt they incur, live on a budget, and keep unnecessary expense to a minimum. 

      


       

    Time To Buy a Vehicle?

     

    • New auto rates as low as 1.99% APR* (For 2014-2016 Models)
    • Used auto rates as low as 2.24% APR*
    • 100% financing is available*
    • Finance back through the 2002 model year*
    • Get pre-approved for your loan
    • Use Autodraft to create your loan at the dealer*
    • Extended warranties with no deductible!
    • Refinance, private party and lease buyout loans available
    • Click here for additional auto loan information 
            *Restrictions apply. Rates quoted assume a 5-year term. APR = Annual Percentage Rate 

      

     


     

    Don't Leave Your Family Out In The Cold!

    Have you updated your account owners and payable-on-death beneficiaries? 

    Account owners may withdraw and deposit to your account. Payable-on-death beneficiaries cannot transact on your account. They receive the funds if all account owners have passed.

    Here is the link to our account change form. Please contact a member service representative for help in completing this form.
     
    Call or visit the Credit Union to be sure your funds are accessible to your loved ones if you pass away or become incapacitated.

     


     

    Need help finding your way on the road to financial fitness?

    Guidewell Financial Solutions, a non-profit agency, offers financial counseling services to all members of the community.

    Services are available nationwide online and by telephone. In-person counseling is available at branch locations in Maryland and Delaware.

    Services Provided:
    guidewellfs.org
    800-642-2227

    Formally known as Consumer Credit Counseling Service of MD & DE (CCCS)

     


     

    Change In Check Posting Time

    Due to a change in the time that the Federal Reserve Bank now processes their paper check files, effective July 23, 2015 LMFCU will now post paper checks written by members on their LMFCU checking accounts earlier in the day.

    Prior to this change LMFCU posted all paper check files after 2:30 PM E.S.T. Members had up to this time to make a readily available deposit to avoid account overdrafts.

    Starting July 23, LMFCU will now process paper checks before 10 AM E.S.T. This means that members will now have to make a readily available deposit on the prior business day to avoid account overdrafts.

    If you have any questions about this change, feel free to give us a call at (800) 410-0501. 

     


     

    How To Find A No-Surcharge ATM!!

    Tired of paying $2 or more when using a foreign ATM?

    Click here to find a surcharge-free ATM convenient to you!

     

    • There are over 30,000 surcharge-free ATM's in the U.S.
    • Note: Royal Farms, Sheetz, WAWA and many 7-11 convenience stores offer no-surcharge ATM access.
    • Need to find an ATM that accepts deposits?
    • Use the "advanced" version of the locator and check "take deposits" under "Filter Results."
    • 7-11 store ATM's typically only accept check deposits.

      



    Online Banking Mobile App

    Don't forget that you can access your account from just about any smart phone or other device with the LMFCU mobile app.  The mobile app allows you to check balances, review account history, transfer funds and make loan payments 24 hours a day. Transactions are posted immediately to your account. There is no fee for online and mobile banking access.

    Don't have online banking access? Visit lmfcu.com and select the online banking link in the right column.  Follow the steps to enroll for online banking and then click on the "Self Service" tab and select "Mobile Banking" within "Additional Services".

    Questions? Give us a call at 800-410-0501.

      


     

    Need Extra Cash? Skip Your Next Loan Payment!

    Announcing our new Skip-A-Loan Payment program!
    Take one month off and get the extra cash you need.
    Eligible loans include auto, truck, boat, RV, motorcycle and personal loans.
    Loan payments may be skipped every 12-months per loan.
    Call 800-410-0501 for further information or click here to apply.
    *Restrictions apply. Fee is refunded if request cannot be approved.

     



    Need a Fast Personal Loan?

     


    Need to pay for a vacation, payoff a high rate credit card, fix up your vehicle or perform home improvements?

    Our personal loan rates are as low as 8.89% Annual Percentage Rate. Our minimum loan is only $300. Our maximum loan is $20,000.


    You may apply for a loan in less than 10-minutes by telephone or online.

    Loans are reviewed within a few hours or by the next business morning.
    You may sign your loan documents using any device including a smart phone with a secure e-signature.

    To view additional personal loan program information click here.



       LMFCU’s Facebook is now active!

     

        

         Follow us for updates such as:

    • Credit Union News
    • Current Promotions
    • Special Offers & Deals
    • Loan Rates & Much More!
    • Give us a like and keep up to date with LMFCU news!

     



    Card Monitoring System Update


    Beginning Tuesday, March 31st, we are upgrading our Fraud Detection and Notification System. The new system will provide faster attention to notify our members when card based fraud is suspected. The notification portion of the system includes a state-of-the-art automated telephone assistant to help our members review transactions and confirm recent ATM card and Visa Check Card spending activity.

    Your phone caller ID will show the call originating from either “CU Security” or 877-276-3451. The system will begin the call by stating “Hello, this is Card Member Security on behalf of LM Federal Credit Union”.

    If you receive a notification call, please respond to answer questions regarding recent card activity. Please also be aware that our Card Member Security team that provides fraud alert management is available 24 hours per day, 7 days per week by telephone should you need assistance from a live agent.

    If suspicious transactions are identified as fraudulent, calls will be transferred to Card Member Security Team to help you take the necessary precautions to protect your cards and related accounts. If the recent card activity is legitimate, members will be able to close the case with the phone attendant using their touch-tone phone.

    Thank you for your support through this upgrade. If you have any questions please contact the Credit Union at 800-410-0501.

     




    All New Autosmart Website!



    We have completed a complete redesign of our popular Autosmart website. With Autosmart you can research, shop for and buy your next new or used vehicle. Tens of thousands of vehicles are listed within the Autosmart inventory. You may search for a vehicle by condition, type, make, model, color, price range, year range, mileage and location. Extensive research information is also available. You may also custom "build" your new vehicle and create a price quote request from local dealers. Click here to access Autosmart.

     



    Don’t Forget To Use Your Visa Check Card

    When using your LM Federal Visa Check Card for purchases
    use the “credit” option.
    Why you ask?
    • It’s easy to make purchases – just swipe your card and press credit and sign the receipt. You don’t have to remember to key in a PIN number. The amount will be automatically deducted from your checking account, plus every transaction will be detailed on your monthly statement.

    • It’s safer than debit – Without entering your PIN for “credit” transactions, you can reduce the possibility of someone obtaining your PIN

    • It saves the Credit Union money- when credit purchases are made, thereby allowing us to keep account fees low.

    Have an ATM card? Reduce your need for cash by using your ATM card to purchase goods or services at any merchant that accepts the Star ATM card. Your ATM card must be linked to a checking account.

    If you have questions or to apply for a card call LM Federal Credit Union (800) 410-0501 * (410) 687-5240 or click here for our Visa Check Card Application

     


    IRS Telephone Scam Alert


    The IRS is reporting a surge in telephone scams where criminals impersonate an IRS agent and make various threats including arrest. If someone calls unexpectedly claiming to be from the IRS with aggressive threats if you don’t pay immediately, it’s a scam artist calling. The first IRS contact with taxpayers is usually through the mail.

    The Treasury Inspector General for Tax Administration has received reports of about 290,000 contacts since October 2013 and has become aware of nearly 3,000 victims who have collectively paid more than $14 million as a result of phone scams.

    The IRS reminds taxpayers that it will never call to demand immediate payment, demand to be paid with no time left to ask questions or appeal, require a specific payment method or ask for credit or debit card information over the phone.
     


    Protect Yourself When Making Online Purchases!

     

    NEVER PROVIDE YOUR SOCIAL SECURITY NUMBER - As a general rule, it's never necessary to provide your SSN when making an online purchase.

    RESEARCH THE WEBSITE BEFORE ORDERING
    - Use only reputable sites you know or have found using a widely used search engine. If you don't know much about the merchant, check the Better Business Bureau website: bbb.org.

    ONLY SHOP SECURE WEBSITES
    - See if the site address begins with "https" where the "s" means the site is secure. Another website indicator; a closed lock located at the bottom of your screen.

    DON'T GIVE OUT TOO MUCH INFORMATION
    - When placing an order online, read the merchant's online privacy and security policies. Make sure you know where your personal information is going and opt out if possible.

    WATCH OUT FOR HIGH SHIPPING CHARGES
    - Some merchants add on 10% to 15% of the product cost, which can make a great deal not so great.

    PRINT AND KEEP RECEIPTS - Keep receipts organized and easy to access in case a product problem should arise.

    Source: State of Michigan Attorney General's Office

     


    Create a Savings Plan!

     

    • Create and review your income and expense budget with your family. Determine how much you can afford to save  
    • Determine your savings goal: home purchase, retirement, tuition expenses, home improvements,auto purchase etc. We recommend savings that equals at least six months of living expenses.
    • Live within your means - adjust your spending as needed. Avoid the temptation of credit cards for impulse purchases.
    • Setup automatic savings deposits: with convenient payroll deductions at work, scheduled online banking transfers or have LMFCU setup automatic monthly or weekly account transfers
    • Contact a new account rep at 1-800-410-0501 to set up a savings plan.

     


    Guaranteed Auto Protection (GAP) Enhancement!

     


    GAP is the protection that we offer should your vehicle be declared a total loss due to an accident, damage or theft. If your vehicle insurance company pays you less than you owe on your loan, GAP will cover the difference owed. For example, if your insurance company pays $13,000 (after your deductible) and your loan balance is $15,500, GAP will cover the $2,500 difference owed on your loan.

    GAP PLUS is a new benefit of a $1,000 credit towards your next vehicle loan with LMFCU if financed within 90 days of the GAP claim settlement.

    GAP PLUS is available when your finance with LMFCU for only $329 for auto and truck purchases.
    Click here for additional information about LMFCU http://www.lmfcu.com/lmfcu/site/vehicle.asp



      LM Federal's Financial Statistics as of January 31, 2016:

     

    Assets: $33,039,410 Deposits: $30,370,633 Loans: $24,348,370
    Reserves: $2,413,575 Members: 3,248  


         
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    & LM Federal Credit Union

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