March 24, 2014

Sign-up for electronic mortgage statements and you could win $500!

A new requirement, called Regulation Z Section 1026.41s, from the Consumer Financial Protection Bureau (CFPB) is now requiring that monthly statements be sent to all mortgage holders. If you have a mortgage with LMCU, you will receive monthly statements electronically or in paper, whether or not your mortgage payment is paid with a recurring ACH. Most consumers prefer not to receive a paper mortgage statement. And if that’s your case, you can easily receive your statement electronically by following four simple steps…and you’ll automatically be entered to win a $500 Visa Gift Card from LMCU! Just register on myLoans within the LMCU website, and enroll in eStatements. 

Here’s how to do it:
  1. Go to LMCU’s website: LMCU.org
  2. On the top tool bar, click on “Online Services” then “myLoans” then “click here” then “Register”.
  3. You are now on a safe and secure encrypted portal. Enter your Loan ID number which is in the
    upper right hand area of your mortgage statement and your social security number. (See sample to the right.)
  4. On the myLoans home page, click on “eStatement sign-up” in the menu on the left hand side and follow the directions. 
You are now automatically entered to win a $500 Visa Gift Card… and enjoy the convenience and security of eStatements! Sign-up by April 30, 2014 to be eligible.* For questions please call (800) 242-9790, Ext. 9929.

*One winner will be randomly chosen for a $500 Visa Gift card on May 2, 2014 for all enrollees. No purchase necessary. Every LMCU mortgage eStatement enrollee is eligible to win, including those previously enrolled. Limit to one entry per membership. Employees of LMCU and their immediate family members are not eligible.

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