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Office Location and Hours of Operation    List of Officials and Staff

A Word From Our President     Privacy Policy

What Is A Credit Union? Why Is It Different?

A credit union is a non-profit financial institution owned and operated by its members rather than by outside stockholders. A credit union typically offers better rates on savings and loan products than other, profit-driven financial institutions. Similarly, credit unions usually charge lower account fees or none at all.

LM Federal is a federally insured financial institution serving employees and retirees of select Lockheed Martin groups, Middle River Aircraft Systems, and those working at the Warfield Air National Guard base. LM Federal provides its members with many unique financial products as well as superior member service.

Who Can Join LM Federal?

You can join the credit union if you belong to one of these groups:

• Employees of various Lockheed Martin groups in the Eastern United States
• Employees of Middle River Aircraft Systems in Baltimore
• Employees, active duty and reserves of Warfield Air National Guard Air Base 
• Retirees of the groups listed above
• Family members of existing LM Federal members

How Do I Become A Member Of LM Federal?

To become a member of the Credit Union, simply open a LM Federal Share (Savings) Account. New memberships may be opened by telephone, in person or through the mail. The initial deposit to open your account may be made by check (mailed or by phone), cash or through payroll deductions. Once the Share Account is open with a balance of $25, your membership is active and you are immediately eligible to use any Credit Union service. If you close your membership, the $25 deposit is returned to you. Give us a call at (800) 410-0501 or contact us via
e-mail  if you'd like to have a membership packet sent to your home.

Apply For Membership Here!

LM Federal's Financial Statistics as of January 31st, 2008:

Assets:  $22,041,004       Deposits: $20,127,452    Loans:  $17,615,215

Reserves: $1,819,888       Members: 3,438

Service History of LM Federal Credit Union

1949 Credit union is organized by the employees of the Glen L. Martin Aircraft Company.

1970 Company offers payroll deductions.

1971 Federal deposit insurance coverage is extended to credit unions.

1979 Credit union relocates to the Middle River industrial complex.

1983 All records are computerized; holiday and vacation club accounts are offered.

1985 Home improvement loans become available.

1987 Major computer upgrade is completed.

1988 Signature line of credit loans, cash withdrawals & check cashing, and certificate accounts are offered.

1990 Checking accounts and home equity loans are offered; office hours extended to five days per week.

1992 Cashiers Checks are offered; family membership eligibility extended; offices relocated to a new building at the Middle River facility.

1993 Individual Retirement Accounts are offered.

1994 Electronic mail access for offsite members is implemented.

1995 Regular and IRA money market accounts are available; toll-free 800 number established; name changed to LM Federal Credit Union.

1996 Major computer system upgrade is completed; ATM access with LM Federal checking and MoneyMover funds transfer service become available.

1997 Credit Based Rates lending program is implemented.

1998 Roth and Educational IRAs are offered.

1999 The Credit Union's website is activated.

2000 Autodraft and Touch Tone Teller are introduced.

2001 Membership Rewards Program, Visa Check Cards, Internet Branch and Internet Bill Pay are introduced.

2002 Free Checking and Entertainment Book sales are introduced.

2004 Credit Union relocates to "T" building at the Middle River Facility.  ATM, Night Depository Box and Drive-Thru are available at the new office.

2005 Vehicle Extended Warranties and Visa gift cards are offered.
AutoCenter, the online vehicle help center, is activated.

2006 Over 5,000 ATM's located at 7-11 stores are added to the
Credit Union's list of no-surcharge ATM's. Money Market Plus accounts and discounted Carfax report services are also introduced.

2007 Activated a new deposit and loan processing system which will streamline and shorten the time it takes to apply for and receive new loans and new deposit accounts.