TO THE MEMBERS OF LOMTO FEDERAL CREDIT UNION
The National Credit Union Administration placed LOMTO Federal Credit Union into conservatorship on June 26, 2017. This action means NCUA has taken control of LOMTO’s operations in order to protect your interests and the credit union’s assets.
Your accounts remain protected by the National Credit Union Share Insurance Fund. Administered by NCUA, the Share Insurance Fund insures individual accounts up to $250,000, and a member’s interest in all joint accounts combined is insured up to $250,000. The Share Insurance Fund separately protects IRA and KEOGH retirement accounts up to $250,000. The Share Insurance Fund has the backing of the full faith and credit of the United States.
You can find more information about your insurance coverage on NCUA’s MyCreditUnion.gov website.
Service continues uninterrupted at LOMTO Federal Credit Union. Members are free to make deposits, access funds inside offices or through LOMTO Federal Credit Union and affiliated ATMs, take loans, make loan payments and use share drafts.
The credit union, including its branch office, will remain open for business as usual. To contact a credit union representative, please call 212-947-3380.
Please continue to mail correspondence to:
LOMTO Federal Credit Union
5024 Queens Blvd
Woodside, NY 11377