Financial Statistics as of March 31st, 2015
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.
Discounted Movie Passes Available!
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 $2.40 per ticket!! Interested? Click here for more detailed pricing or call (410)687-5240.
Going Away For a Summer Vacation?
Going on a trip for business or pleasure in the U.S. or to a foreign country? Notify the Credit Union if you have a Visa check card or ATM card.
We will flag your account so that our card fraud monitoring systems won't freeze your card when you perform a transaction outside of your usual card usage location. We will need your travel dates and locations(s).
And don't forget that you may use your Visa check card anywhere in the world where Visa is accepted for ATM cash withdrawals and purchases. Foreign currency transactions are subject to a low 1.5% currency conversion fee
Discounted Theme Park, Maryland Zoo and Aquarium Tickets
We have 2015 discounted tickets available for:
For detailed pricing call 800-410-0501 or click here.
Need Extra Cash? Skip Your Next Loan Payment!
Announcing our new Skip-A-Loan Payment program!
LM Federal’s Annual Meeting and Dinner was held
The meeting and a light buffet were held on the first floor of “E” building at the Middle River facility. Members heard about the state of the Credit Union, got updates from the Board of Directors, and heard reports from the Credit and Supervisory Committees. Several drawings for prizes and gift certificates were held. Members were encouraged to ask questions, make comments, and suggestions regarding the Credit Union. Unlike a bank, this is our members opportunity to express your opinion and ask questions as to how your financial institution should operate. Click here to view a copy of our annual report.
Need to pay for a vacation, payoff a high rate credit card, fix up your vehicle or perform home improvements?
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Credit Bureau Reporting Overhaul
The three credit reporting giants, Equifax, Experian and TransUnion announced an agreement on March 9th that will improve error handling and the listing of unpaid medical bills.
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.
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.
We now offer insurance on LMFCU loans that can provide accident and sickness protection for both loan borrowers. Disability insurance coverage was previously available to the primary borrower only. If you or your co-borrower are sick or injured and out of work for more than 14-days, the Insurance picks up your loan payment of up to $600 per month if the disability can be verified with your doctor. Contact a Loan Specialist for details.
As you may know, the Credit Union's Board of Directors and Committee members are member/volunteers.
We have an opening on the Credit Union's Supervisory Committee. The Committee performs an internal audit function that includes auditing various transaction and accounting activity. The Committee also works with the Credit Union's outside accounting/CPA firm on the annual audit of the Credit Union's records.
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
Did you go to the Baltimore Boat Show?
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
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.
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 email@example.com with your stories of our great member service.