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5024 Queens Blvd
Woodside, NY 11377

LOMTO Federal Credit Union is headquartered in Woodside and is the 39th largest credit union in the state of New York. It is also the 771st largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 23 employees and 3,101 members. LOMTO Federal Credit Union's money market rates are 3X the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Family members of existing LOMTO FCU Members, as well as members of LOMTO Inc., are eligible to be members of our credit union. In addition, certain areas of the west side of Manhattan are included in our field of membership. People who live, work, worship, attend school, businesses and other legal entities in this area are eligible for membership - See Details

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Reviews (2)

Had A Wonderful Experience Today At The Manhattan (NYC) Branch Opening A Beneficiary IRA

I went down to the Riverside Blvd/69th Street branch today and filled out forms to transfer a beneficiary IRA and open a CD. I was directed to the branch manager who was wonderfully attentive and helpful. Everyone I encountered in the small branch was similarly pleasant.

LOMTO has excellent rates toward the top of the IRA CD chart and I recommend them for those in the neighborhood looking to open IRA/CD accounts. (Montauk CU in midtown currently has even better IRA/CD rates but they cannot accommodate beneficiary IRAs.)

There is a map on LOMTO's website of their Upper West Side/Harlem coverage area to give you an idea if you qualify on a geographic basis for membership (those who live, work & worship in the area), which involves a $25 savings deposit and a $3 fee. You can phone them to confirm your eligibility.

For my particular situation, this was an excellent option, and I am pleased to say that I had a very positive experience.

To Get A Loan. Please Read These Before You Go There

I went there to get some general informations about a loan . I have my medalian loan with them right now. Needed to borrow more money , thought start with them since I am already a member. I had To answer 10 questions with the front desk lady to proof that I have valid need to see a loan officer. Loan office( african American ) was very rude and unprofessional . Did not ask any open ended question to find out about my need . Did not not provide any solutions . She was acting like , she was doing me a favor because I wanted to give her more business . Credit union are nomally well known for their service , I guess except for this one . The 25 min I have waited to see her ,did not see one customer walk in . Specially based on their web site information( about 3100 members so far ) Providing this type of customer service , it will be so hard for them to get new customer and business .Not to mention went to wells Fargo bank after that and got the loan from them . I would not recommend any one to that credit union


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 LOMTO Federal Credit Union had $1.91 million in non-current loans and owned real-estate with $45.98 million in equity and loan loss allowances on hand to cover it. This gives LOMTO Federal Credit Union a Texas Ratio of 4.16% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth


In the past year, LOMTO Federal Credit Union has increased its total deposits by $14.37 million, resulting in 7.01% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth LOMTO Federal Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. LOMTO Federal Credit Union has $263.58 million in assets with $45.98 million in equity, resulting in a capitalization level of 17.45%, which is excellent.

Institution Statistics

NCUA #1532
Year Chartered1936
Primary Regulator
Assets and Liabilities
Assets$263.58 million
Loans$237.64 million
Deposits$219.40 million
Equity Capital$42.03 million
Loan Loss Allowance$3.95 million
Unbacked Noncurrent Loans$1.91 million
Real Estate Owned$0
Historic Data - March 2013
Assets$247.87 million
Equity Capital$37.78 million
Loan Loss Allowance$3.53 million
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets1.3%
Return on Equity8.14%
Interest Income$2.84 million
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LOMTO Federal Credit Union Money Market Rates

1.25%$10k-Money Market Share

LOMTO Federal Credit Union CD Rates

2.15%$2k-5 Year CD
1.85%$2k-4 Year CD
1.65%$2k-3 Year CD
1.45%$2k-2 Year CD
1.25%$2k-1 Year CD
1.10%$2k-6 Month CD

LOMTO Federal Credit Union IRA Rates

2.15%$2k-5 Year IRA
1.85%$2k-4 Year IRA
1.65%$2k-3 Year IRA
1.45%$2k-2 Year IRA
1.25%$2k-1 Year IRA

LOMTO Federal Credit Union Locations
Branch Office5024 Queens BlvdWoodside, NY 11377
Branch Office180 Riverside Blvdnew York, NY 10069