At Lm, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We're proud to share that our financial strength reflects our commitment to you, ensuring your hard-earned money is well-protected and working for you. With a
net worth of $5,947,216, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our
net worth ratio of $1,050 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through
$8,216,496 in share certificates and
$6,382,899 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at
$0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With
$4,978,669 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is robust as evidenced by our
$359 in used auto loans and
$36,996,662 in total loans and leases; this supports members' financial goals across various sectors. Our operational efficiency is reflected in our
$0, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having
11 full-time employees and
1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. The funds available for lending and investments stand at
$0, highlighting our dedication to maintaining a strong support system for our members. With a total of
6,416 accounts, it's clear that many have chosen us as their trusted financial partner. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Lm is your trusted partner. Visit us at 101 Chesapeake Park Plz Baltimore Md 21220 or call (410) 687-5240 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at:
https://www.ncua.gov, based on the latest results.
