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LM FEDERAL CREDIT UNION

Jun, 30, 2021 — LM FEDERAL CREDIT UNION is a federal credit union headquartered in BALTIMORE, MD with 1 branch location and about $50.42 million in total assets. Opened 72 years ago in 1949, LM FEDERAL CREDIT UNION has about 3,603 members and employs 11 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:http://www.lmfcu.org
Branches:1 branch locations
Members:3,603
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$50,424,296
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 16,584,558
TOTAL INVESTMENTS 7,253,581
Loans Held for Sale 0
 
 Real Estate Loans 10,848,250
 Unsecured Loans 1,084,880
 Other Loans 13,981,479
 TOTAL LOANS 25,914,609
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -52,986
 Land And Building 0
 Other Fixed Assets 132,187
 NCUSIF Deposit 435,298
 All Other Assets 157,049
  TOTAL ASSETS 50,424,296
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 261,257
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,126,055
 Regular shares 26,230,423
 All Other Shares & Deposits 13,177,292
  TOTAL SHARES & DEPOSITS 46,533,770
  TOTAL LIABILITIES 46,795,027
 Regular Reserve 343,397
 Other Reserves 610,812
 Undivided Earnings 2,675,060
  TOTAL EQUITY 3,629,269
  TOTAL LIABILITIES, SHARES, & EQUITY 50,424,296
INCOME & EXPENSE  
 Loan Income 453,919
 Investment Income 28,493
 Other Income 147,632
 Total Employee Compensation & Benefits 322,400
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 293,558
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 42,657
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -28,571
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