Sep, 30, 2025 — LM FEDERAL CREDIT UNION is a federal credit union headquartered in BALTIMORE, MD with 1 branch location and about $59.87 million in total assets. Opened 77 years ago in 1949, LM FEDERAL CREDIT UNION has about 3,608 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| 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: | 3,608 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $59,867,510 |
| CEO/Manager: | MARK T BOLD |
| Chairperson: | TIMOTHY J PRESTON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,325,907 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,347,239 |
| Unsecured Loans | 1,987,186 |
| Other Loans | 20,437,864 |
| TOTAL LOANS | 40,772,289 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -124,962 |
| Land And Building | 0 |
| Other Fixed Assets | 68,144 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 511,700 |
| All Other Assets | 0 |
| TOTAL ASSETS | 59,867,510 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 191,925 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,181,874 |
| Regular shares | 27,462,578 |
| All Other Shares & Deposits | 18,161,449 |
| TOTAL SHARES & DEPOSITS | 52,805,900 |
| TOTAL LIABILITIES | 52,997,825 |
| Regular Reserve | 0 |
| Other Reserves | 954,209 |
| Undivided Earnings | 5,915,476 |
| TOTAL EQUITY | 6,869,685 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 59,867,510 |
| INCOME & EXPENSE | |
| Loan Income | 1,612,863 |
| Investment Income | 634,184 |
| Other Income | 61,947 |
| Total Employee Compensation & Benefits | 677,469 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 557,881 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 36,000 |
| Cost of Funds | 488,501 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 709,365 |
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