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FAQ

Frequently Asked Questions

Q: I’m a member of another credit union, can I use LOMTO FCU for my transactions?

A: We participate in the CO-OP Shared Branching Network and perform transactions for guest members of other credit unions. See if your credit union participates at www.co-opcreditunions.org.

 

Q: I have foreign money to exchange. Does LOMTO handle that?

A: We currently offer International wire transactions, but we do not handle foreign currency or checks.

 

Q: Am I allowed to write checks on my Money Market account at LOMTO?

A: Yes, up to six transactions per month are allowed on the Money Market shares account, three of which can be share drafts.

 

Q: Are there fees or minimum balance requirements for a checking account?

A: Both personal and business Share Draft Checking accounts have no minimum balance requirements or monthly fees.