Credit Unions Near Me
National Credit Union Service Organization

LM FEDERAL CREDIT UNION

Dec, 31, 2023 — LM FEDERAL CREDIT UNION is a federal credit union headquartered in BALTIMORE, MD with 1 branch location and about $52.55 million in total assets. Opened 75 years ago in 1949, LM FEDERAL CREDIT UNION has about 3,546 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 252076390
Name:LM FEDERAL CREDIT UNION
Address:
(Main Office)
101 CHESAPEAKE PARK PLZ
BALTIMORE, MD 21220
Phone:(410) 687-5240
Fax:(410) 687-1322
Website:https://www.lmfcu.org
Branches:1 branch locations
Members:3,546
Credit Union Type:Federal Credit Union
Charter Number:6039
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1949
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$52,553,644
CEO/Manager:MARK T BOLD
Chairperson:ROBERT J CASWELL

Call Report

  • Credit Builder
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 11,494,632
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 14,683,532
 Unsecured Loans 2,023,684
 Other Loans 19,187,462
 TOTAL LOANS 35,894,678
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -57,472
 Land And Building 0
 Other Fixed Assets 52,109
 NCUSIF Deposit 499,646
 All Other Assets 0
  TOTAL ASSETS 52,553,644
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 340,653
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,211,739
 Regular shares 25,838,229
 All Other Shares & Deposits 13,968,700
  TOTAL SHARES & DEPOSITS 47,018,668
  TOTAL LIABILITIES 47,359,321
 Regular Reserve 0
 Other Reserves 954,209
 Undivided Earnings 4,240,114
  TOTAL EQUITY 5,194,323
  TOTAL LIABILITIES, SHARES, & EQUITY 52,553,644
INCOME & EXPENSE  
 Loan Income 1,742,663
 Investment Income 859,707
 Other Income 85,849
 Total Employee Compensation & Benefits 797,939
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 662,231
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 20,000
 Cost of Funds 411,203
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,018,287
↑ Back to Top

Other Credit Unions

NOTRE DAME 2901 FEDERAL CREDIT UNION
PO Box 133
PERRY HALL, MD 21128
LOCAL 355 MD FEDERAL CREDIT UNION
1030 S DUKELAND ST
BALTIMORE, MD 21223-3303
MEMBERS FIRST OF MARYLAND FEDERAL CREDIT UNION
1631 Merritt Blvd
BALTIMORE, MD 21222
SELFRELIANCE BALTO FEDERAL CREDIT UNION
2345 Eastern Ave
BALTIMORE, MD 21224-3612
CENTRAL CREDIT UNION OF MARYLAND
8501 La Salle Rd
BALTIMORE, MD 21286-5914
POST OFFICE CREDIT UNION OF MARYLAND, INC
900 E Fayette St Rm 606
BALTIMORE, MD 21233-1050
ST. JOSEPH MEDICAL CENTER MD FEDERAL CREDIT UNION
7601 Osler Dr
TOWSON, MD 21204
DESTINATIONS CREDIT UNION
8767 Satyr Hill Rd
BALTIMORE, MD 21234
HAR-CO CREDIT UNION
30 N Hickory Ave
BEL AIR, MD 21014-3249
BALTIMORE COUNTY EMPLOYEES FEDERAL CREDIT UNION
23 W Susquehanna Ave
TOWSON, MD 21204