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Who is LMFCU

Membership Eligibility

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 ST Engineering MRAS in Baltimore
  • Employees of Leidos in the Mid-Atlantic region
  • Employees, active duty and reserves of Warfield Air National Guard Air Base
  • Employees of the following companies in the Baltimore area: Cogar Printing, TAG Engineering, JAC Communications, Command Technology, Acadia Windows & Doors, Model Precision Machine and Bowleys Quarters Volunteer Fire Department. 
  • Retirees of the groups listed above
  • Family members of existing LM Federal members

CU Difference

What Is A Credit Union? Why Is It Different?

A credit union is a not-for-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 provides its members with many unique financial products as well as superior member service.

For example:


  • 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. 
  • A member who typically doesn’t overdraft their checking account has an overdraft - we call the member to verify the item is authorized and to provide an opportunity to deposit funds to cover the overdraft.
  • LM Federal Credit Union is a non-profit financial institution that provides high quality personalized member service. For example, when you apply for a new service you typically work with the same Credit Union employee from start to finish.
  • When you apply for a Credit Union loan your request is typically approved within a few hours or by the morning of the next business day.  You also work with the same Loan Specialist during the entire process.  You may sign your consumer loan agreements with a secure eSignature. Funds can be disbursed the same day.
  • LM Federal is owned by credit union members, not stockholders like a typical large bank. Our members directly receive the benefits of membership including lower loan rates and fees and better member service. Bank profits go to the bank’s stockholders, not the bank’s customers.
  • We spoke to a member who banked with both the Credit Union and a large National Bank.  He indicated his dissatisfaction with the bank and was considering transferring all of his business to the Credit Union.

    We asked why he was unhappy.  His response? Poor customer service.  When he visits his bank branch the wait time to see a teller or customer service representative is almost always a problem. Like all of us in today’s world, we want to get in and out quickly if we visit any merchant or retail location.

    The difference between the Credit Union and a large national bank is that our member service objective is to immediately help our members. If you call or visit our office we typically respond with little to no waiting time.  We are not always perfect, but we will make the effort.

    Why do we put more emphasis on customer service to our members? Because we are owned by our members! A traditional bank is typically owned by stockholders, not the bank’s customers.

Are you a Lockheed Martin, ST Engineering MRAS, Leidos or Maryland Air National Guard employee?


If you are referred by an existing LMFCU member you are eligible for a $50 bonus deposit.
Click here for more information.

Open a Membership/Account

How Do I Become A Member Of LM Federal?

To become a Credit Union member, simply open a LM Federal Share (Savings) Account. New memberships may be opened by telephone, in person or online.

The initial deposit to open your account may be made by check (mailed or by providing a check-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 all Credit Union services.

If you close your membership, the $25 deposit is returned to you. Give us a call at (800) 410-0501 or contact us by email for further information.

Open A New Account 

Service History of LM Federal Credit Union

1949 Credit Union is organized by the employees of the Glen L. Martin Aircraft Company in Baltimore.

1970 The Martin Company offers payroll deductions.

1971 Federal deposit insurance coverage is extended to credit unions.

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

1987-1988 Major computer upgrade is completed. 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 Cashier’s Checks are offered; family membership eligibility extended; Credit Union relocated to new offices on Martin Boulevard.

1993 Individual Retirement Accounts (IRAs) are offered.

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 Telephone Banking are introduced.

2001 Membership Rewards Program, VISA® Check Cards, Online Banking and Internet Bill Pay are introduced.

2002 Free Checking accounts are introduced

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

2005 Vehicle Extended Warranties are offered; AutoCenter, the online vehicle help center, is activated.

2006 Over 5,000 no-surcharge ATM's are added to the Co-op network. Money Market Plus accounts and discounted Carfax report services are also introduced.

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

2008 Federal deposit insurance is raised to $250,000.00 for regular and retirement accounts by NCUA, the National Credit Union Administration. New online loan application system introduced, streamlining the application process and providing for quick loan approvals.


  • Discounted movie passes for AMC and Regal theaters are available. Discounted tickets to the Baltimore Zoo are also available.
  • The TruStage program is introduced, providing a suite of comprehensive and competitively priced insurance programs including Term Life, Whole Life, Universal Life, Variable Universal Life, Accidental Death & Dismemberment, Automobile and Homeowners Insurance.

2011 Outgoing domestic and international wire transfer service was introduced.

2012 Major computer server, firewall, telephone, e-mail and internet upgrades are completed.

2013 New real-time Online Banking system that includes eStatements and Mobile Banking; Credit Union reaches $30 million in total assets.

2014 Added the GAP Plus auto protection program and Joint Credit Disability insurance.

2015 Added Wealth Management service.

2017 Added CardNav, VISA Purchase Alerts and EMV cards. Credit Union reaches $35 million in assets. Completed the merger with Triple C Federal Credit Union, adding approximately 400 new members. Completely redesigned lmfcu.org website. 

2018 New online membership and deposit account application system activated. Internet Bill Payment was upgraded. Completely revamped online Auto Buying Center. Added the Mobile Deposit service through the Mobile Banking app.

2019 Added Mobile Wallet services including Apple Pay, Google Pay and Samsung Pay. Credit Union reaches $40 million in total assets.

2020 Our new Visa Platinum Credit Card Program was introduced. Reinstated lobby service in July during the pandemic. Raised daily access card limits to minimize the need to visit our office.

2021 Credit Union reached $50 million in total assets. Converted to a new accounting system which includes new features for Mobile Banking.

2022 Extended Thursday and Friday hours to 6:00 pm EST. Member card questionable activity notifications sent by text and email.