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LAPFCU’s Coronavirus Information Center

WE’RE IN THIS TOGETHER

 

Los Angeles Police Federal Credit Union stands firm in its commitments to serve as a trusted partner and to improve the financial wellbeing of the law enforcement community, even in the face of the rapidly unfolding COVID-19 pandemic. We are striving to provide solutions and assistance to our members during this challenging time. This includes offering options for managing your finances remotely, taking the necessary steps to promote the safety of our members and employees, and implementing programs that provide financial relief.

Read our Chair and CEO Dispatcher Newsletter Message

Announcements – March 31, 2020

• Because staying at home limits opportunities to perform debit card transactions, we are not requiring members to perform a minimum of 10 monthly debit card transactions in order to qualify for March and April monthly Performance Checking or Cash Back Checking rewards. See full account details here.

• Qualifying LAPFCU Visa credit cardholders may skip their minimum monthly payments for April and May. Please note that finance charges will continue to accrue.

Branch Access

All branches are currently open during regular business hours, and we are frequently deep cleaning all LAPFCU facilities. We are also requiring members to distance themselves from others when visiting our other branches.

• Please note that we are only allowing 6 members at a time in our Santa Clarita branch.

ATM Access

With many police station lobbies closed to the public, it may be difficult to access some of our ATMs. So, we are also temporarily waiving fees for using out-of-network ATMs. Please use our app to click here to locate your nearest CO-OP ATM.

Remote Banking Options

We have numerous ways you can bank with us from the comfort and safety of home.

Mobile banking with our free app, available from all major app stores
Online banking using your desktop PC or any device
CODE 3 touchtone banking at (877) 695-2732
• Call us at (877) 695-2732 or chat with us online
• Online loan applications and account opening

Assistance

LAPFCU has several potential solutions for members facing financial difficulty in these unprecedented times. Options may include:

• Loans
• Refinancing and debt consolidation
• Loan and credit card payment deferrals; please call us to see if you qualify
Investment services for questions and concerns about retirement and financial planning
Free financial counseling including help with budgeting and debt plans

Events

All LAPFCU events are currently postponed. This includes paper and electronic waste disposal, pre-owned car sales, and in-person financial education workshops.

• Our scholarship program application deadline is postponed since many schools are closed, and students are not able to obtain a copy of their official transcripts. We haven’t set a new deadline yet.
• LAPRAAC’s Baker to Vegas Challenge Cup Relay Race has been postponed.

Coronavirus Scams

Unfortunately, times like these can bring out the worst in some who prey upon people when they are most vulnerable. You can read up on the latest Coronavirus scams and learn how to protect yourself on our blog.

Safe and Sound

LAPFCU is a safe, sound, and stable financial institution. We are well-capitalized, recently surpassing $1 billion in assets. Moreover, each individual LAPFCU deposit account is federally insured up to $250,000, backed by an additional $250,000 in private insurance.