Find the latest LM Federal Credit Union promotions, bonuses, and offers here.
Currently, they have a $25 checking bonus and $20 referral bonus when you meet all the requirements.
About LM Federal Credit Union Promotions
LM Federal Credit Union was founded in 1949. It has grown to 8 employees and 3,586 members at 1 location. If you are interested in this promotion use the bank locator below to learn more.
| 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. See current membership details |
I’ll review the offers below.
LM Federal Credit Union $25 Checking Bonus
Earn a $25 Checking Bonus
LM Federal Credit Union is offering a $25 bonus when you open a new checking account and meet the eligible requirements.
This offer is only available for Lockheed Martin, ST Engineering, Leidos or Maryland Air National Guard employees.
- What you’ll get: $25 bonus
- Account Type: Checking Account
- Availability: MD. (Bank Locator)
- Direct Deposit Requirement: Yes (see what works)
- Credit Inquiry: Unknown
- ChexSystem: Unknown
- Credit Card Funding: Unknown
- Monthly Fees: Unknown
- Early Account 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.
- Household Limit: None listed
(Expires 03/31/2023)
| You can compare this to several great entry level Checking accounts with offers include the BMO Harris Smart Money™ Account ($200 bonus), U.S. Bank SmartlyTM Checking (Up to $600 bonus), Chase Total Checking® ($200 bonus), Fifth Third Bank Momentum® Checking ($275 bonus), SoFi Checking and Savings ($275 bonus), and Citi Priority Account (Up to $2000 Cash Bonus). |
How to Earn Bonus
- 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.
- 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.
LM Federal Credit Union $20 Referral Bonus
LM Federal Credit Union is offering a $20 bonus when you refer new members and they open a new checking account and meet the eligible requirements.
- What you’ll get: $20 bonus
- Account Type: Checking Account
- Availability: Lockheed Martin, MRAS, Leidos & Maryland Air National Guard employees
(Expires 03/31/2023)
| For more advanced features in a checking account, compare this offer to BMO Harris PremierTM Account ($350 Bonus), U.S. Bank SmartlyTM Checking (Up to $600 bonus), Chase Private Client ($3,000 Bonus), TD Bank Beyond Checking ($300 Bonus), Fifth Third Bank Preferred Checking ($275 bonus), and Citigold® Checking Account (Up to $2000 Cash Bonus). |
How to Earn Bonus
- 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.
- 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.
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
Bottom Line
These are all current LM Federal Credit Union promotions. Furthermore, be sure to act now because this current promotion ends today. Let us know how your experience was with this bank in the comments below.
While they have generous bonuses, LM Federal Credit Union doesn’t have great rates for CDs and Savings. You may want to check out our full list of Bank Rates and CD Rates.
Compare LM Federal Credit Union Promotions with other bank bonuses from banks like Citi, Huntington, HSBC, Chase, TD, Discover Bank, Aspiration, Axos Bank, PNC Bank, BMO Harris, SoFi, Fifth Third Bank, Bank of America, Wells Fargo, US Bank, and more!
*Check back at this page for updated LM Federal Credit Union promotions, bonuses and offers.
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