Financial Statistics as of May 31, 2017
July 13, 2017
Our AutoSMART online vehicle system now includes the following new features.
• Price comparison to show if a car is overpriced, fair, or a great deal
• Number of days the dealer has had it in inventory
• Price drops since it has been for sale
• List savings based on similar sales within your search area
With AutoSMART you may research, shop and buy a new or used vehicle.
July 11, 2017
To members holding VISA check cards with expiration dates between July of 2017 and January of 2019.
Your replacement EMV chip card was shipped on July 6th. You should receive the CMV chip card by July 13th.
Please activate your new card using your existing PIN BY JULY 31ST. You may activate your card by performing a balance inquiry or withdrawal transaction at any ATM.
Your previous card number and PIN have been assigned to your replacement EMV chip card. The card expiration date and 3-digit security code has changed. If you have authorized any automatic charges to your card please contact the merchant and provide your new card expiration date.
Members with existing swipe VISA check cards with expiration dates of February 2019 or later will be shipped replacement EMV VISA chip cards in September or October of 2017. If your card expiration date is February of 2019 or later, you may request a replacement EMV VISA chip card now by contacting a Member Service Representative.
VISA EMV chip cards are a major advancement in card security technology, with an embedded microchip that stores and generates the information required to authenticate, authorize and process transactions.
Whether you use your EMV chip card by swiping or inserting in an EMV terminal, you still have $0 liability for fraudulent credit transactions.
July 13, 2017
Purchase tickets in advance, avoid long lines at the gate and save money!
The fair runs August 25th to September 4th. Last day to purchase tickets is August 18th!
Click here for detailed pricing information.
July 6, 2017
Have a smart phone? New ATM Locator Mobile App Available!
CO-OP ATM / Shared Branch Locator
The next time you’re on the road, make sure you know exactly where to find a no-surcharge or deposit taking ATM with our new CO-OP ATM Locator App.
With more than 30,000 surcharge-free locations, you’ll never be lost looking for a surcharge-free ATM again!
For more information please contact a Member Service Representative.
June 22, 2017
Payroll Conversion Update
READ THIS if you have a savings payroll deduction to LMFCU!
Leidos has announced that when the first biweekly Leidos payroll is processed on July 21st that fixed amount payroll deductions WILL BE DOUBLED. You will NOT need to access your Leidos payroll system to adjust your existing payroll deduction. For example, if you currently deposit $100 weekly, Leidos will adjust that amount to $200 biweekly.
HAVE A LMFCU LOAN??
The last payroll deposit from Lockheed Martin will be posted July 7th and the first Leidos payroll deposit will be posted on July 21st. You will need to make a one-time loan payment or transfer to your various deposit accounts to cover your July 14th payments or deposits.
Please contact a Member Service Representative to discuss the payroll frequency change.
June 14, 2017
Thinking about going to see the next summer blockbuster movie? Don’t want to spend all your hard earned money at the theater?
LMFCU has the solution!
LMFCU offers discount movie passes to both AMC and Regal theaters. These passes never expire, and you can save up to $3.65 per ticket!!
For more detailed pricing visit lmfcu.com or call (410) 687-5240.
June 14, 2017
• Stop in the office, apply for loan - 10 Minutes
Rates as low as 8.99% Annual Percentage Rate
Can't visit the Credit Union?
You may also apply for a loan by telephone or online.
Questions: Call 800-410-0501.
June 9, 2017
LMFCU offers the following real-time overdraft protection options to prevent transactions denied for non-sufficient funds.
Savings Transfer: Automatically moves money from savings to checking, assuming funds are available. Low $3 transaction fee. Limit of six transfers per month.
Rediline Overdraft Loan: Automatically advances funds to checking up to the Rediline credit limit. Line limits of up to $5,000 available.
Low $2 transaction fee. The Rediline is also an easy and convenient line of credit for quick access.
Annual percentage rate of 15.9%.
May 30, 2017
Whether you’re thinking of selling your home or making
Rates assume a credit score of 730+. APR = Annual Percentage Rate
April 8, 2017
Tuesday, April 25th at 5:15 pm
The meeting and a light buffet will be held on the first floor of “E” building at the Middle River facility. You’ll hear about the state of the Credit Union and get updates from the Board of Directors, the President and other officials. Drawings for various prizes and gift certificates will be held.
Members are encouraged to ask questions, make comments, and suggestions regarding the Credit Union. Unlike a bank, here’s your chance to express your opinion as to how your financial institution should operate. Please plan to attend!
Click here to view our annual meeting packet.
April 11, 2017
Discounted tickets to Kings Dominion, Hershey Park, Six Flags America and Dutch Wonderland are now available and may be used anytime in 2017.
Click here for detailed ticket pricing.
*Discounts apply to adult general admission tickets.
March 20, 2017
Effective immediately, our extended warranty program through Route 66 has been improved as follows.
• Factory type extended warranty coverage is available on 2011 and newer models with 85,000 or less miles. Coverage is extended to 120,000 miles (previously 100,000 miles).
• Increased Plan Term Flexibility: New plan term options of 4, 5, 6, 7 or 8 years are now available. Save on the plan cost if you’d prefer a shorter warranty term.
• Reduction in Warranty Pricing: Pricing has been significantly reduced for Asian imports. Pricing has also been lowered on U.S. and European makes, as well as for motorcycles and ATV’s.
• Plus, there are no deductibles, you may take your vehicle to any certified mechanic, and roadside assistance coverage is included. Drive train and major component coverage is available on older vehicles and those with higher mileage.
OUR WARRANTY COSTS ARE TYPICALLY MUCH LOWER THAN THE DEALERS!
Have an existing warranty with another provider? Get a quote to see if you can save money and improve your warranty coverage. To request a warranty quote contact Ryan Davis at email@example.com or by telephone at 800-410-0501 ext 515.
February 23, 2017
February 14, 2017
Consider an Individual Retirement Account!
LM Federal offers Traditional IRAs and Roth IRAs Accounts to meet your individual retirement needs. You may open or contribute to your IRA for the 2016 tax year up through April 18th. You may transfer funds from other IRA accounts or from any Qualified Retirement Plan (including 401k plans) to the Credit Union. Plus, there are no annual maintenance fees! You may open a new IRA by mail.
February 8, 2017
The Scheduled Transfers option allows you to schedule the following transfer types for a future date:
- Deposit account to another deposit account (such as savings to checking)
- Deposit account to a loan (to make your regular payment or additional payments)
- Loan advance to a deposit account (schedule a loan advance from your home equity line or Rediline account)
Scheduled transfers may be setup for one-time or recurring transfers (for example transfer funds to your holiday club every month).
Recurring transfer options include weekly, biweekly, semi-monthly, monthly, bi-monthly, and quarterly frequencies.
You may set recurring transfers to a specific number of transfers (for example 12 monthly transfers ending next year).
To setup a Scheduled Transfer click on the "Schedule a Transfer" link within the Scheduled Transfers box.
Have a question about Scheduled Transfers? Please contact a Member Service Representative.
Haven’t signed up for Online Banking? Click here and select the "Enroll Online" option in the left column.
January 19, 2017
Discount on Tax Preparation!
With TurboTax® and LMFCU, it’s easy to do your own taxes.
Direct Deposit To Your Account
If you are entitled to a refund of state and/or federal income tax, you have the option of having your refund sent electronically to your LM Federal account. Use direct deposit to get your refund faster! Your deposit is more secure.
LM Federal’s routing number: 252076390.
Deposits may be made to your primary share/savings or checking account.
January 11, 2017
No Hidden Fees
repayment terms, fixed rates
Office Visit Required!
Apply Online in 10-minutes from any PC or device.
APR = Annual Percentage Rate
January 9, 2017
Have a VISA Check Card? Use a smart phone?
Protect your account against card fraud and misuse - in real-time - via your smart phone.
How to download and install:
CardNav is available for both iPhones and Android mobile devices.
iPhone users can find the CardNav app in the iTunes store, and Android users can find it in the Google Play Store.
After the installation of CardNav follow the prompts to finish the app installation.
Requirements: The application works with version 4.1 and higher for Android and device models 4S, 5, 5C, 5S, 6 or 6 Plus with iOS operating system version 6, 7, or 8 for Apple (iOS).
Click here for detailed user guide.
See the note below for more information about our new VISA Purchase Alerts service, available for those who don't have smartphone access.
December 14, 2016
Have a VISA check card? With VISA Purchase Alerts you can get an immediate email notification when a VISA purchase transaction is performed with your card. Purchase alerts help you to closely monitor your card activity and to act quickly if a fraudulent transaction occurs. Alert options include:
The VISA Purchase Alerts system is real time and is more useful compared to the card transaction alerts generated within online banking.
Click here to enroll in VISA Purchase Alerts.
December 7, 2016
We wanted to thank the many members who made a donation to the Hopkins Children’s Center during our December donation drive.
The total donation amount was $583.00, 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.
December 5, 2016
The perfect gift! Exactly what they’ve always wanted, without knowing exactly what that is! Available in amounts of up to $500.
Passes, which never expire, are available for AMC and Regal theaters. Save up to $2.50 per ticket!
Save up to $7 on admission to the Baltimore Inner Harbor location.
November 21, 2016
Protect Yourself When Making Online Purchases!
Source: State of Michigan Attorney General's Office
November 21, 2016
In recent weeks the Credit Union has experienced a significant increase in fraudulent ATM cash withdrawals in foreign countries due to card skimming here in the U.S. When cards are "skimmed" the entire card number and PIN are captured up by the thief and then sold to criminals here in the U.S. and in foreign countries. The criminals then manufacture a counterfeit card and conduct fraudulent card transactions.
In response to this fraud, the credit union has decided to implement a new rule for any ATM based "out of the country" transactions. All foreign ATM cash withdrawals over $100.00 US will be denied unless there is a Travel Notice filed with the credit union. This does not apply to card purchases performed without a PIN.
A travel notice is notice provided by the member to the credit union listing the dates and destination for your vacation or other travel. This will help the credit union identify transactions that may be legitimate or fraudulent based on your travel details. If you provide a travel notice before leaving the U.S., your card transactions will be approved subject to normal access limits.
Remember you have a Zero Liability with any purchase transactions if you report a lost or stolen card in a timely manner. We urge you to monitor your account for any authorized card activity using online banking alerts.
Please contact the office to place a travel notice.
November 16, 2016
Members may now change their ATM or VISA check card PIN by one of the following methods:
Please contact a Member Service Representative for further information.
September 8, 2016
Visit our Financial Calculator page for useful calculators for auto, credit, savings and retirement.
How much car can I afford?
Should I consolidate my debts?
How much should I save for college?
How much will I need to save for retirement?
I'm retired, now long will my savings last?
September 6, 2016
Effective September 1st we have revised our fees for foreign ATM withdrawals.
Previously, all foreign ATM withdrawals were subject to a Credit Union fee.
Now Silver Rewards Members won't be charged a fee for up to 2 foreign withdrawals and Gold Membership Rewards members won't be charged a fee for up to 4 foreign ATM withdrawals.
Reminder: open a checking account and get many more foreign ATM withdrawals without a LM Federal fee.
August 4, 2016
July 28, 2016
The kids will be heading back to school before you know it!
Use our Back to School Loan to help with the expense of:
And whatever else the kids need to start another year of learning off right. Rates are as low as 8.99% APR*
You may apply for a loan online, by telephone or in person.
* APR = Annual Percentage Rate. Rate quoted assumes a credit score of 730 or higher and automatic repayment.
July 25, 2016
Have trouble saving for your big summer vacation?
Tired of putting vacation expenses on your credit card?
Open a Summer Vacation Club to save for next year's vacation expenses!
The Summer Club is a special savings account that restricts withdrawals to the summer months.
For example, setup a weekly deposit of $20 and you'll have $1,040 saved for next year.
You may deposit by payroll deduction, automatic transfer from another account, through online banking or in-person.
Withdrawal restrictions apply. You may open a Club Account by telephone or the mail.
Click here for details.
July 5, 2016
Effective July 1st we have significantly lowered or have waived coin machine fees.
Loose coin should be taken to a Member Service Representative for processing either as an account deposit or to be exchanged for currency.
*Children's accounts are ages 17 and under.
June 28, 2016
Don’t forget that your VISA Check Card and ATM card have daily withdrawal limits for cash and purchases.
For most members the daily limits are $300 for cash ATM/point of sale cash back and $1,500 for purchases (credit or debit). Other members may qualify for higher limits.
To request a temporary higher limit for a cash withdrawal or for a one-time purchase, or a permanent limit increase, please contact a Member Service Representative by telephone.
Need to pay for your vacation, payoff a high rate credit card, fix up your vehicle or perform home improvements?
Personal loan rates are as low as 8.89% APR.
Month of June: Get a $20 cash bonus with a loan of $5,000+.
APR = Annual Percentage Rate
May 26, 2016
Tired of paying $2 to $5 when using a foreign ATM?
Click here to find a surcharge-free ATM convenient to you!
* Surcharges are fees assessed by the ATM owner. A LMFCU fee is assessed if the member exceeds the number of free foreign withdrawals allowed per month.
May 25, 2016
Benefit from the following when you process your check card purchase as “credit”.
- It’s easy to make purchases
- It’s safer than debit
- It saves the Credit Union money
Questions about your Visa Check Card? Please contact a Member Service Representative.
May 18, 2016
April 28, 2017
Finding it difficult to save for a major expense, such as a down payment for a home or vehicle purchase, vacation, home improvements, school tuition, or another expense? Open a secondary share account so that you can separate your savings for a special purpose. You may have a specific amount of your payroll deduction or direct deposit allocated to your secondary account.
March 24, 2016
To speed up and improve our card security system, you may receive a call from our automated attendant asking to verify recent card transactions. Your caller ID will show as CU Card Security and the system introductory message is “This is the card member security department on behalf of LM Federal Credit Union calling for MEMBER’S NAME”.
The system will state the last four digits of your card number and will then ask you to enter your date of birth, last four of your social security number, or your zip code to confirm your identity. Please respond to the call as the system is trying to confirm and prevent fraudulent card transactions.
February 4, 2016
Questions? Click here or call 800-410-0501.
January 27, 2016
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.
January 26, 2016
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.
November 18, 2015
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.
March 17, 2015
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.