LOMTO Federal Credit Union is no longer doing business under that name because it has been merged or acquired. See the successor institution Teachers Federal Credit Union.
Membership in LOMTO Federal Credit Union is open to those who live, work, worship or attend school in certain areas of the west side of Manhattan and to immediate family of existing members.
See current membership details
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.
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
We do not have health information for LOMTO Federal Credit Union, because it is no longer an operational credit union.
Sorry, we do not have rate data for LOMTO Federal Credit Union.
Sorry, but we do not have location data for LOMTO Federal Credit Union. Its headquarters is located at 50-24 Queens Blvd. - Woodside, NY 11377