Financial Statistics as of December 30th, 2014
Going to the Baltimore Boat Show?
Sorry, we don't have discounted tickets available.
But we can finance your boat purchase!
Refinance loans are also available.Rates are as low as:
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.
Discount on Tax Preparation
IRA Rollover Rule Change
If you are considering rolling over your IRA assets to an existing or new IRA, you need to be aware of an upcoming change that will affect IRA rollovers. The IRS is changing its interpretation of the one per 12 month rule following a recent U.S. Tax Court ruling. With the new IRS interpretation, effective , you may roll over only one IRA distribution in any 12-month period, regardless of how many IRA’s you own. Before deciding on rolling over an IRA distribution please consult with a knowledgeable tax advisor. If you have an existing IRA with the Credit Union, click here for additional information.
NEVER PROVIDE YOUR SOCIAL SECURITY NUMBER - As a general rule, it's never necessary to provide your SSN when making an online purchase.
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
Need Money For....?
We have a loan for you!
Questions? Visit lmfcu.com or call 800-410-0501.
Check Withdrawal Fee
Effective October 1st you may withdraw additional checks subject to a $5 per check fee. This fee does not apply to checks written against your checking, money market, or home equity checking accounts. Also excluded, are internet bill payments, check payments or any checks associated with a loan disbursal.
The check must still be paid to either yourself or yourself and a third party. An example is if you wanted to come to the office and get 2 checks, one payable to yourself and another to yourself and BGE. Previously, you could only get one check per day. Effective October 1st, you will now be permitted to get both,just one with a $5 fee If you have any additional questions or wish to request a check, don’t hesitate to call us at (410) 687-5240.
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/
We were recently notified of a phishing text message scam apparently claiming to be a "Credit Union Bank alert." Should you receive a text message indicating that your card had been de-activated or suspended, please disregard this message. The Credit Union will never ask you for your card number or any other account information in an unsolicited phone call, email or text message.
If you have inadvertently responded to this text message and entered your account information, please contact a Member Service Representative and we will assist you with securing your account.
LM Federal Credit Union now offers Credit Union Auto Club, a roadside assistance program created exclusively for Credit Union members and provides unparalleled service and unprecedented value. Credit Union Auto Club offers a wide range of roadside assistance services and other travel-related benefits to keep you on the road. The CU Auto Club professional customer service team is just a phone call away and ready and waiting to assist you 24 hours a day, 7 days a week, 365 days a year. They’re always there when you need them.
Don’t Forget to Check Out AutoSMART
Click here to access AutoSMART!
Buying a used car or truck can save you money because a new car experiences its greatest loss in value within the first 12 to 18 months. A used car can have a lower purchase price with lower monthly payments.
Maryland Locations: Timonium (866) 832-0969, Glen Burnie (888) 287-6516, Lanham (888) 227-9289, Rockville (888) 227-9313
Used vehicles previously part of Enterprise short-term rental and lease fleet or purchase by Enterprise from other sources, including auto auctions, with previous use possibly short-term rental, lease or other.
Have you had a great experience with LM Federal Credit Union that you would like to share? We love to hear how we're doing and appreciate all feedback from our members! Email us at firstname.lastname@example.org with your stories of our great member service.