LOMTO is a Federally Chartered not for profit financial institution. Chartered in 1936, LOMTO FCU grew out of LOMTO Inc. (League of Mutual Taxi Owners Incorporated) to help its members, the New York City Taxi Medallion Owners. LOMTO FCU and LOMTO Inc. both started out in the Bronx on Jerome Avenue before moving in 1983 to our current office in Manhattan. Today we have over $100 million in assets and our membership includes both New York City Taxi Medallion Owners and the Black Car industry. In 2005 the National Credit Union Administration granted permission to LOMTO FCU to add certain locations in Manhattan to our field of membership.