Average User Rating:3 star rating based on 2 reviews.
LOMTO Federal Credit Union
LOMTO Federal Credit Union Locations|
5024 Queens Blvd Woodside, NY 11377 (212)947-3380 www.lomto.org  |
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LOMTO Federal Credit Union is headquartered in Woodside and is the 40th largest credit union in the state of New York. It is also the 777th largest credit union in the nation. It was established in 1936 and as of December of 2012, it had grown to 23 employees and 3,099 members. LOMTO Federal Credit Union's money market rates are 3X the national average, and it boasts a 5-star health rating.
LOMTO Federal Credit Union Routing Number: 226074001
Related Posts
CD and IRA CD rates have recently fallen at LOMTO Federal Credit Union , but they continue to be very competitive for all terms. The following rates are listed in the credit union's member share certi ...
LOMTO Federal Credit Union continues to offer some of the best CD rates in New York City. The following rates are listed in the credit union's certificates of deposit page as of 7/5/2011 : 1.15% ...
LOMTO Federal Credit Union continues to offer some very competitive CD rates. The following rates are listed in the credit union's certificates of deposit page as of 12/14/2010 : 1.25% APY 6 mon ...
LOMTO Federal Credit Union 's CD rates have fallen a little since my last post in February, but they remain competitive, especially the longer terms. The following rates are listed in the credit unio ...
2010
2009
2008
- 9/22 - 4.33% 12-Month / 4.60% 24-Month CD at LOMTO FCU in New York City
- 2/7 - 4.13% 60-Month / 3.82% 12-Month CD at a New York CU (LOMTO)
- 1/28 - 5.00% 60-Month / 4.86% 12-Month CD at a New York CU (LOMTO).
- 1/15 - 5.22% 12-Month / 5.22% 24-Month CD at a New York CU (LOMTO).
2007
See Rates for: Money Market | CD | IRA
LOMTO Federal Credit Union Money Market Rates
LOMTO Federal Credit Union CD Rates
LOMTO Federal Credit Union IRA Rates
| Apy | Min | Max | Product | |
| 2.00% | $2k | - | 5 Year IRA | |
| 2.00% | $2k | - | 5 Year Roth IRA | |
| 2.00% | $2k | - | 5 Year CESA | |
| 1.75% | $2k | - | 4 Year IRA | |
| 1.75% | $2k | - | 4 Year Roth IRA | |
| 1.75% | $2k | - | 4 Year CESA | |
| 1.55% | $2k | - | 3 Year IRA | |
| 1.55% | $2k | - | 3 Year Roth IRA | |
| 1.55% | $2k | - | 3 Year CESA | |
| 1.40% | $2k | - | 2 Year IRA | |
| 1.40% | $2k | - | 2 Year Roth IRA | |
| 1.40% | $2k | - | 2 Year CESA | |
| 1.20% | $2k | - | 1 Year IRA | |
| 1.20% | $2k | - | 1 Year Roth IRA | |
| 1.20% | $2k | - | 1 Year CESA |
Data for Q4 2012
Institution Statistics
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Institution Health
Overall Score:
5 out of 5 
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To Get A Loan. Please Read These Before You Go There
- khan - Monday, December 12, 2011 - 4:28 PMI 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
3-year Term IRA CD
1.21% APY
Capital One 360
360 Checking Account
0.85% APY
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.