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.
Announcements – July 24, 2020
• Watch our recent webinar on Managing Finances During Tough Times recorded on July 22.
• 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 July monthly Performance Checking or Cash Back Checking rewards. See full account details here.
• We are reopening our Santa Clarita branch on June 8, with regular business hours 9 a.m. to 5 p.m., Monday through Friday. Please read our in-branch safety guidelines below.
• View the recording of our free April 22 webinar on Managing Your Finances During COVID-19.
• We are allowing qualified members to defer their consumer loan payments for two months. See details.
• Qualifying LAPFCU Visa credit cardholders may skip their minimum monthly payments for April and May. Please note that finance charges will continue to accrue.
• We will work on an individual basis with members who request to make early withdrawals from share certificate accounts due to Coronavirus-related issues.
All branches are currently open during regular business hours (Santa Clarita branch reopens June 8), and we are frequently deep cleaning all LAPFCU facilities. Please note the following requirements for visiting our branches. Thank you for your cooperation and understanding.
• We ask that you do not enter our branches if you are showing any symptoms of respiratory illness, including fever or cough
• Please wear a face covering at all times when inside
• Please maintain a minimum distance of 6 feet from others
• We have limited the number of members who may be inside a branch at one time. Signs indicating maximum occupancy are posted at entryways
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
LAPFCU has several potential solutions for members facing financial difficulty in these unprecedented times. Options may include:
• 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
• Learn more about the IRS economic impact payment on our Stimulus Payment FAQs blog.
• 8 Ways to Thrive During the Stay-At-Home Order
• Read up on the latest Coronavirus scams and increased phishing attacks and learn how to protect yourself on our blog.
• Information on the CARES Act and how it impacts you
All LAPFCU events are currently postponed. This includes paper and electronic waste disposal, pre-owned car sales, and in-person financial education workshops. LAPRAAC’s Baker to Vegas Challenge Cup Relay Race has been postponed.
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.