Find the latest listing of LM Federal Credit Union promotions, bonuses, and offers here.
Right now, you can earn a $25 checking bonus when you meet the requirements.
LM Federal Credit Union Promotions Review
LM Federal Credit Union is a not-for-profit financial institution owned and operated by its members rather than by outside stockholders. Additionally, LM Federal Credit Union typically offers better rates on savings and loan products than other, profit-driven financial institutions.
| Eligibility: Employees of Lockheed Martin groups in the eastern United States, Middle River Aircraft Systems in Baltimore or employees, active duty or reserves of Warfield Air National Guard Base are eligible for membership. For more information on eligibility requirements please check out their full list of membership requirements. |
I’ll go over LM Federal Credit Union offers below.
LM Federal Credit Union $25 Checking Bonus
What you’ll get: $25 bonus- Availability: MD (Bank Locator)
- Direct Deposit Requirement: No
- Credit Inquiry: Soft Pull or Hard Pull?
- Monthly Fee: $0-$6; waivable
- Early Termination Fee: The $25 reward will be deducted from the account if closed within 90 days of opening or if the minimum payroll deduction amount is not maintained for 90 days from account opening.
- How to earn it:
- Open a membership by telephone or by visiting the Credit Union office
- Arrange a weekly payroll deduction of $50 or greater (or equivalent) to earn the $25 bonus.
- The $25 bonus will be paid once the first payroll deposit has posted.
(Expires 09/30/2023)
| Furthermore, I would compare this offer to U.S. Bank Smartly® Checking ($1000 Bonus), SoFi Checking and Savings Account ($275 Bonus), Chase Total Checking ($200 Bonus). |
Fine Print
- Excludes family memberships, existing members or joint owners, minor accounts, business accounts and members who have closed their membership within 90 days of the new membership re-opening.
- The $25 reward will be deducted from the account if closed within 90 days of opening or if the minimum payroll deduction amount is not maintained for 90 days from account opening.
- Promotion ends 9/30/23
LM Federal Credit Union $20 Referral Bonuses (Expired)
- What you’ll get: $20 bonus
- Availability: MD (Bank Locator)
- Direct Deposit Requirement: No
- Credit Inquiry: Soft Pull or Hard Pull?
- Monthly Fee: $0-$6; waivable
- Early Termination Fee: The $20 payment will be deducted from the account if closed within 90 days of opening.
- How to earn it:
- Get a $20 Bonus if you refer a co-worker for membership.
- The co-worker must enroll for a minimum weekly direct deposit of $25.
- New memberships may be setup in person, by telephone or online at lmfcu.org
- Click on the “Applications” link at the top of the home page.
(Expires 03/31/2023)
| Compare this offer to some of the higher end checking offers available such as U.S. Bank Smartly® Checking ($1000 Bonus), and TD Bank Beyond Checking ($300 Bonus). |
Fine Print
- Excludes minor’s accounts, existing member, business accounts and existing joint owners.
- New account must have a weekly direct deposit of at least $25 or equivalent.
- The $20 payment will be deducted from the account if closed within 90 days of opening.
- Promotion ends 12/31/2022.
[Expired] LM Federal Credit Union $100 College Checking Bonus
- What you’ll get: $100 bonus
- Availability: MD (Bank Locator)
- Credit Inquiry: Soft Pull or Hard Pull?
- Credit Card Funding: Not stated
- Early Termination Fee: None listed, check with CSR for more information
- How to earn it:
- Open an Checking Account
- Incentive will be deposited once the first direct deposit is posted and confirmed.
- A minimum of 5 VISA check card purchases must be posted within 45-days of the account opening
- When it expires: 12/31/2021
(Expires December 31, 2021)
[Expired] LM Federal Credit Union $50 Checking Bonus
- What you’ll get: $50 bonus
- Availability: MD (Bank Locator)
- Credit Inquiry: Soft Pull or Hard Pull?
- Credit Card Funding: Not stated
- Early Termination Fee: None listed, check with CSR for more information
- How to earn it:
- Earn $50 bonus for new checking accounts and complete the following requirements:
- Receive a qualifying direct deposit of $500 per month
- Make five VISA check card purchases within 45 days of account opening
- Earn $50 bonus for new checking accounts and complete the following requirements:
- When it expires: 12/31/2021
(Expires December 31, 2021)
How To Waive Monthly Fees
- Free Checking: None
- Regular Checking: $5, Fee waived if: You maintain a $500 average monthly balance in checking, OR You maintain $2,500 in average balances in all your accounts, OR You are under age 23 or over age 61
- Interest Checking: $6, Fee waived if: You maintain a $1,000 average monthly balance in checking, OR You maintain $25,000 in average balances in all your accounts
- Share Account: The minimum to open and avoid a monthly service fee is only $25
- Club Accounts: None listed
- Money Market: Minimum of only $2,500 to open and avoid a monthly service fee
- Money Market PLUS: Minimum of $25,000 to open and avoid a monthly service fee
Author’s Verdict
To summarize, LM Federal Credit Union has some of the best promotions, bonuses, and offers in Maryland. Furthermore, with online and mobile banking, you can monitor your savings from anywhere at anytime!
For more current offers, check out our bank bonuses page. Additionally, compare LM Federal Credit Union rates for CDs and Savings with our best rates for Savings and CD accounts.
Furthermore, be sure to check more popular bank promotions include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.
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