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President's Message - July 26, 2019

Deposit Rate Survey - How Do We Match Up?

 

We typically offer better deposit and loan rates compared to the local banks.
As you know, the Credit Union is a not-for-profit, federally insured financial institution.
Our fees are typically lower and we think that our member service is much better.

Deposit Rate Survey
 BANKS:


LMFCU

Bank of
America
BB&T
Bank
M&T
Bank
PNC
Bank
SunTrust
Bank
TD
Bank

Wells
Fargo
Bank

 Savings
 $1,000 Balance
0.50% 0.03% 0.03% 0.02% 0.01% 0.01% 0.05% 0.01%
 Money Market
 $5,000 Balance
0.70% 0.02% 0.10% 0.04% 0.03% 0.01% 0.10% 0.10%
 Money Market
 $50,000 Balance
1.00% 0.02% 0.80% 0.40% 0.13% 0.06% 0.25% 0.10%
 Regular CD
 12 Months
 $2,500
2.10% 0.05% 0.10% 1.75%* 0.10% 2.00% 0.25% 0.30%
 IRA CD
 24 Months
 $25,000
2.65% 0.10% 0.20% 2.25%* 1.20% 2.40% 0.55% 0.30%

 

Credit Union Advantages:

  • Not-for-profit status
  • Very competitive deposit rates
  • Great member service
  • Online & Mobile Banking

Deposit To Your Account By:

  • Payroll deduction, Online Banking/ACH transfer to routing #252076390, your account number
  • Mobile Deposit (through Mobile Banking)
  • Mail or bring in a check

You May Open a New Account By:

  • Telephone, in-person, or online at lmfcu.org

Credit Union accounts are federally insured up to $250,000.00 by the National Credit Union Administration. Coverage is identical to that provided to banks by the F.D.I.C.

Rate survey conducted July 26, 2019. Interest rates may vary based on the deposit amount and other relationships. Promotional rates are not included.   Rates shown are Annual Percentage Yields.

*M&T select promotions rates require a companion checking account. Check with M&T for details.

Mark Bold
LMFCU President

Career & Volunteer Openings

Volunteer Opportunities Available

None at this time.

Employment Opportunities

None at this time.