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VEHICLE LOANS
NEW AUTO
UP TO 125% OF RETAIL VALUE***
APR* As Low As Terms in Months** Minimum Loan Amount 3.74% 36 $2,500 4.24% 48 $2,500 4.49% 60 $10,000 4.99% 72 $15,000 5.24% 84 $20,000 5.74% 120 $35,000 EFFECTIVE RATE DATE: March 23, 2023
*APR = Annual Percentage Rate. The posted rate(s) includes the Member Benefits 0.50% APR reduction for automatic payments. The member must qualify for Member Benefits program at time of funding. Go to Member Benefits for complete details. Any loan rate reduction will remain in place for the term of the loan. Program rate reductions may not be combined with any other promotion or offer. The following loan types are excluded from rate reductions: real estate loans, unsecured lines of credit, credit cards, share loans, and share certificate loans. All rates, terms, and promotional offers are subject to change without notice. Restrictions may apply, ask for complete details.
**To qualify for 4.49% fixed APR for 60 months requires a FICO score of 760 or greater and member must qualify for Member Benefits. Actual APR offered may be higher depending upon applicant's credit rating and other underwriting factors (Member must participate in automatic payment program and qualify for Member Benefits program at time of funding). Go to lapfcu.org/member-benefits/ for complete details. 60-month term payment example: A 5-year loan at 6.49% fixed APR with zero down payment will have 60 monthly payments of $19.56 per each $1,000 borrowed. All rates, terms, and promotional offers are subject to change without notice. Cannot be combined with any other offer. Restrictions may apply, ask for complete details.
***Up to 125% financing for new automobiles and used/classic automobiles of retail value, plus tax, license, document fees and service maintenance contracts, on approved credit tier.
USED AUTO
UP TO 125% OF RETAIL VALUE***
APR* as low as Terms in months** Minimum Loan Amount 3.99% 36 $2,500 4.49% 48 $2,500 4.74% 60 $10,000 5.24% 72 $15,000 5.49% 84 $20,000 5.99% 120 $35,000 EFFECTIVE RATE DATE: March 23, 2023
*APR = Annual Percentage Rate. The posted rate(s) includes the Member Benefits 0.50% APR reduction for automatic payments. The member must qualify for Member Benefits program at time of funding. Go to Member Benefits for complete details. Any loan rate reduction will remain in place for the term of the loan. Program rate reductions may not be combined with any other promotion or offer. The following loan types are excluded from rate reductions: real estate loans, unsecured lines of credit, credit cards, share loans, and share certificate loans. All rates, terms, and promotional offers are subject to change without notice. Restrictions may apply, ask for complete details.
**To qualify for 4.74% fixed APR for 60 months requires a FICO score of 760 or greater and member must qualify for Member Benefits. Actual APR offered may be higher depending upon applicant's credit rating and other underwriting factors (Member must participate in automatic payment program and qualify for Member Benefits program at time of funding). Go to lapfcu.org/member-benefits/ for complete details. 60-month term payment example: A 5-year loan at 6.74% fixed APR with zero down payment will have 60 monthly payments of $19.68 per each $1,000 borrowed. All rates, terms, and promotional offers are subject to change without notice. Cannot be combined with any other offer. Restrictions may apply, ask for complete details.
***Up to 125% financing for new automobiles and used/classic automobiles of retail value, plus tax, license, document fees and service maintenance contracts, on approved credit tier.
NEW MOTORCYCLE, ATV & UTV LOANS
UP TO 110% OF RETAIL VALUE***
APR* As Low As Terms in Months** Minimum Loan Amount 5.74% 36 $2,500 6.24% 48 $2,500 6.49% 60 $10,000 6.99% 72 $15,000 7.24% 84 $20,000 7.74% 120 $35,000 8.24% 180 $40,000 EFFECTIVE RATE DATE: March 23, 2023
*APR = Annual Percentage Rate. The posted rate(s) includes the Member Benefits 0.50% APR reduction for automatic payments. The member must qualify for Member Benefits program at time of funding. Go to Member Benefits for complete details. Any loan rate reduction will remain in place for the term of the loan. Program rate reductions may not be combined with any other promotion or offer. The following loan types are excluded from rate reductions: real estate loans, unsecured lines of credit, credit cards, share loans, and share certificate loans. All rates, terms, and promotional offers are subject to change without notice. Restrictions may apply, ask for complete details.
**To qualify for 6.49% fixed APR for 60 months requires a FICO score of 760 or greater and member must qualify for Member Benefits. Actual APR offered may be higher depending upon applicant's credit rating and other underwriting factors (Member must participate in automatic payment program and qualify for Member Benefits program at time of funding). Go to lapfcu.org/member-benefits/ for complete details. 60-month term payment example: A 5-year loan at 8.49% fixed APR with zero down payment will have 60 monthly payments of $20.51 per each $1,000 borrowed. All rates, terms, and promotional offers are subject to change without notice. Cannot be combined with any other offer. Restrictions may apply, ask for complete details.
***Up to 110% financing for new motorcycles and used/classic motorcycles of retail value, plus tax, license, document fees and service maintenance contracts, on approved credit.
USED MOTORCYCLE, ATV & UTV LOANS
UP TO 110% OF RETAIL VALUE***
APR* AS LOW AS TERMS IN MONTHS** MINIMUM LOAN AMOUNT 5.99% 36 $2,500 6.49% 48 $2,500 6.74% 60 $10,000 7.24% 72 $15,000 7.49% 84 $20,000 7.99% 120 $35,000 8.49% 180 $40,000 EFFECTIVE RATE DATE: March 23, 2023
*APR = Annual Percentage Rate. The posted rate(s) includes the Member Benefits 0.50% APR reduction for automatic payments. The member must qualify for Member Benefits program at time of funding. Go to Member Benefits for complete details. Any loan rate reduction will remain in place for the term of the loan. Program rate reductions may not be combined with any other promotion or offer. The following loan types are excluded from rate reductions: real estate loans, unsecured lines of credit, credit cards, share loans, and share certificate loans. All rates, terms, and promotional offers are subject to change without notice. Restrictions may apply, ask for complete details.
**To qualify for 6.74% fixed APR for 60 months requires a FICO score of 760 or greater and member must qualify for Member Benefits. Actual APR offered may be higher depending upon applicant's credit rating and other underwriting factors (Member must participate in automatic payment program and qualify for Member Benefits program at time of funding). Go to lapfcu.org/member-benefits/ for complete details. 60-month term payment example: A 5-year loan at 8.74% fixed APR with zero down payment will have 60 monthly payments of $20.63 per each $1,000 borrowed. All rates, terms, and promotional offers are subject to change without notice. Cannot be combined with any other offer. Restrictions may apply, ask for complete details.
***Up to 110% financing for new motorcycles and used/classic motorcycles of retail value, plus tax, license, document fees and service maintenance contracts, on approved credit.
NEW BOAT & WATERCRAFT LOANS
UP TO 110% OF RETAIL VALUE***
APR* AS LOW AS TERMS IN MONTHS** MINIMUM LOAN AMOUNT 5.74% 36 $2,500 6.24% 48 $2,500 6.49% 60 $10,000 6.99% 72 $15,000 7.24% 84 $20,000 7.74% 120 $35,000 8.24% 180 $40,000 EFFECTIVE RATE DATE: March 23, 2023
*APR = Annual Percentage Rate. The posted rate(s) includes the Member Benefits 0.50% APR reduction for automatic payments. The member must qualify for Member Benefits program at time of funding. Go to Member Benefits for complete details. Any loan rate reduction will remain in place for the term of the loan. Program rate reductions may not be combined with any other promotion or offer. The following loan types are excluded from rate reductions: real estate loans, unsecured lines of credit, credit cards, share loans, and share certificate loans. All rates, terms, and promotional offers are subject to change without notice. Restrictions may apply, ask for complete details.
**To qualify for 6.49% fixed APR for 60 months requires a FICO score of 760 or greater and member must qualify for Member Benefits. Actual APR offered may be higher depending upon applicant's credit rating and other underwriting factors (Member must participate in automatic payment program and qualify for Member Benefits program at time of funding). Go to lapfcu.org/member-benefits/ for complete details. 60-month term payment example: A 5-year loan at 8.49% fixed APR with zero down payment will have 60 monthly payments of $20.51 per each $1,000 borrowed. All rates, terms, and promotional offers are subject to change without notice. Cannot be combined with any other offer. Restrictions may apply, ask for complete details.
***Up to 110% financing for new motorcycles and used/classic motorcycles of retail value, plus tax, license, document fees and service maintenance contracts, on approved credit.
USED BOAT & WATERCRAFT LOANS
UP TO 110% OF RETAIL VALUE***
APR* AS LOW AS TERMS IN MONTHS** MINIMUM LOAN AMOUNT 5.99% 36 $2,500 6.49% 48 $2,500 6.74% 60 $10,000 7.24% 72 $15,000 7.49% 84 $20,000 7.99% 120 $35,000 8.49% 180 $40,000 EFFECTIVE RATE DATE: March 23, 2023
*APR = Annual Percentage Rate. The posted rate(s) includes the Member Benefits 0.50% APR reduction for automatic payments. The member must qualify for Member Benefits program at time of funding. Go to Member Benefits for complete details. Any loan rate reduction will remain in place for the term of the loan. Program rate reductions may not be combined with any other promotion or offer. The following loan types are excluded from rate reductions: real estate loans, unsecured lines of credit, credit cards, share loans, and share certificate loans. All rates, terms, and promotional offers are subject to change without notice. Restrictions may apply, ask for complete details.
**To qualify for 6.74% fixed APR for 60 months requires a FICO score of 760 or greater and member must qualify for Member Benefits. Actual APR offered may be higher depending upon applicant's credit rating and other underwriting factors (Member must participate in automatic payment program and qualify for Member Benefits program at time of funding). Go to lapfcu.org/member-benefits/ for complete details. 60-month term payment example: A 5-year loan at 8.74% fixed APR with zero down payment will have 60 monthly payments of $20.63 per each $1,000 borrowed. All rates, terms, and promotional offers are subject to change without notice. Cannot be combined with any other offer. Restrictions may apply, ask for complete details.
***Up to 110% financing for new boats/watercraft and used/classic boats/watercraft of retail value, plus tax, license, document fees and service maintenance contracts, on approved credit.
NEW MOTORHOME & TRAVEL TRAILER LOANS
UP TO 110% OF RETAIL VALUE***
APR* AS LOW AS TERMS IN MONTHS** MINIMUM LOAN AMOUNT 5.74% 36 $2,500 6.24% 48 $2,500 6.49% 60 $10,000 6.99% 72 $15,000 7.24% 84 $20,000 7.74% 120 $35,000 8.24% 180 $40,000 EFFECTIVE RATE DATE: March 23, 2023
*APR = Annual Percentage Rate. The posted rate(s) includes the Member Benefits 0.50% APR reduction for automatic payments. The member must qualify for Member Benefits program at time of funding. Go to Member Benefits for complete details. Any loan rate reduction will remain in place for the term of the loan. Program rate reductions may not be combined with any other promotion or offer. The following loan types are excluded from rate reductions: real estate loans, unsecured lines of credit, credit cards, share loans, and share certificate loans. All rates, terms, and promotional offers are subject to change without notice. Restrictions may apply, ask for complete details.
**To qualify for 6.49% fixed APR for 60 months requires a FICO score of 760 or greater and member must qualify for Member Benefits. Actual APR offered may be higher depending upon applicant's credit rating and other underwriting factors (Member must participate in automatic payment program and qualify for Member Benefits program at time of funding). Go to lapfcu.org/member-benefits/ for complete details. 60-month term payment example: A 5-year loan at 8.49% fixed APR with zero down payment will have 60 monthly payments of $20.51 per each $1,000 borrowed. All rates, terms, and promotional offers are subject to change without notice. Cannot be combined with any other offer. Restrictions may apply, ask for complete details.
***Up to 110% financing for new motor home/travel trailer and used/classic motor home/travel trailer of retail value, plus tax, license, document fees and service maintenance contracts, on approved credit.
USED MOTORHOME & TRAVEL TRAILER LOANS
UP TO 110% OF RETAIL VALUE***
APR* AS LOW AS TERMS IN MONTHS** MINIMUM LOAN AMOUNT 5.99% 36 $2,500 6.49% 48 $2,500 6.74% 60 $10,000 7.24% 72 $15,000 7.49% 84 $20,000 7.99% 120 $35,000 8.49% 180 $40,000 EFFECTIVE RATE DATE: March 23, 2023
*APR = Annual Percentage Rate. The posted rate(s) includes the Member Benefits 0.50% APR reduction for automatic payments. The member must qualify for Member Benefits program at time of funding. Go to Member Benefits for complete details. Any loan rate reduction will remain in place for the term of the loan. Program rate reductions may not be combined with any other promotion or offer. The following loan types are excluded from rate reductions: real estate loans, unsecured lines of credit, credit cards, share loans, and share certificate loans. All rates, terms, and promotional offers are subject to change without notice. Restrictions may apply, ask for complete details.
**To qualify for 6.74% fixed APR for 60 months requires a FICO score of 760 or greater and member must qualify for Member Benefits. Actual APR offered may be higher depending upon applicant's credit rating and other underwriting factors (Member must participate in automatic payment program and qualify for Member Benefits program at time of funding). Go to lapfcu.org/member-benefits/ for complete details. 60-month term payment example: A 5-year loan at 8.74% fixed APR with zero down payment will have 60 monthly payments of $20.63 per each $1,000 borrowed. All rates, terms, and promotional offers are subject to change without notice. Cannot be combined with any other offer. Restrictions may apply, ask for complete details.
***Up to 110% financing for new motor home/travel trailer and used/classic motor home/travel trailer of retail value, plus tax, license, document fees and service maintenance contracts, on approved credit.
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HOME EQUITY LOANS/LINES
Home Equity Loans
Fixed Rate APR* Fixed Rate Equity Loan Up to 80% Loan to Value Up to 84 months 6.250% 85 – 120 months 6.500% 121 – 180 months 6.750% 181 – 240 months 7.000% EFFECTIVE RATE DATE: March 9, 2023
*APR = Annual Percentage Rate. 6.000% fixed APR is based on a loan term of up to 84 months. Minimum loan amount $25,000. Maximum loan-to-value is 80% for owner occupied properties, and 70% for non-owner occupied properties. Maximum term on owner occupied properties is 20 years, and 15 years on non-owner occupied properties. Loans available on 1-4 family dwellings. Property hazard insurance is required. Home Equity Loans are available for properties located in California, Arizona, Colorado, Idaho, Montana, Nevada, Oregon and Utah. 7-year rate term payment example (effective date January 12, 2023): $35,000 loan with 6.000% fixed APR for 84 months would cost $14.61 per $1,000 borrowed. All loans are subject to credit approval and applicable LAPFCU policies. All advertised rates and terms are subject to change without notice. Your actual payment may vary. Restrictions apply, ask for complete details.
Home Equity Line of Credit
Variable APR** Home Equity Line of Credit (HELOC) 7.75% Up to 80% Loan to Value Minimum Line $25,000 APR = Annual Percentage Rate. 7.75% Variable APR (rate effective January 23, 2023) for Home Equity Lines of Credit. Minimum loan amount of $25,000 and a minimum draw of $5,000 at funding. Variable rates may increase or decrease during the term of the agreement and is tied to the (WSJ) Prime Rate + 0.75% margin. Maximum life APR cap is 18%. Property hazard insurance is required. 80% combined loan to value for owner occupied or second home properties located in California only. All loans are subject to creditworthiness. $500.00 fee for early termination if closed prior to two (2) years. If balance is at zero, a yearly draw of $100.00 is required to avoid the non-usage fee of $75.00. All rates and terms are subject to change without notice. Other restrictions may apply, ask for details.
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Mortgages
Check Rates
CHECK RATES NOW -
VISA®
My First Visa
Interest Rates and Interest Charges Maximum Limit: $1,000 Annual Percentage Rate for Purchases, Balance Transfers, and Cash Advances 0.00% introductory APR for six months*. After that, your non-variable APR will be between 12.99% and 17.90%, based on your creditworthiness. Penalty APR and when it applies 17.90%. This APR may be applied to your account if you: 1) Make a late payment; or 2) Make a payment that is returned. How Long Will the Penalty APR Apply? If your APR is increased for any of these reasons, the Penalty APR will apply until you make six consecutive minimum payments when due. How to Avoid Paying Interest on Purchases and Balance Transfers Your due date is at least 25 days after the close of each billing cycle. We will not charge you interest on purchases and balance transfers if you pay your entire balance by the due date each month. For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore. EFFECTIVE RATE DATE: October 1, 2022
*APR = Annual Percentage Rate. Loss of Introductory APR: We may end your introductory APR and apply the Penalty APR if you make a late payment.
My First Visa Fees
Fees Annual Fee None Balance Transfers None Transaction Fees – Cash Advance Either $2.00 or 2% of the amount of cash advance, whichever is greater (maximum fee: $25.00). Transaction Fees – Foreign Transactions 1.0% of each foreign transaction in non-U.S. currency 0.8% of each foreign transaction in U.S. dollars Penalty Fees – Late Payment Up to $15.00 Penalty Fees – Returned Payment Up to $25.00 How We Will Calculate Your Balance: We will use a method called “average daily balance (including new purchases).”
The information is accurate as of date shown above and is subject to change. Please contact LAPFCU for any changes since this date at (877) 695-2732, or write us at P.O. Box 10188, Van Nuys, CA 91410 – 0188.
Classic Visa
Interest Rates and Interest Charges Maximum Limit: $100,000 Annual Percentage Rate for Purchases, Balance Transfers, and Cash Advances 0.00% introductory APR for six months*. After that, your non-variable APR will be between 12.99% and 17.90%, based on your creditworthiness. Penalty APR and when it applies 17.90%. This APR may be applied to your account if you: 1) Make a late payment; or 2) Make a payment that is returned. How Long Will the Penalty APR Apply? If your APR is increased for any of these reasons, the Penalty APR will apply until you make six consecutive minimum payments when due. How to Avoid Paying Interest on Purchases and Balance Transfers Your due date is at least 25 days after the close of each billing cycle. We will not charge you interest on purchases and balance transfers if you pay your entire balance by the due date each month. For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at consumerfinance.gov/learnmore. EFFECTIVE RATE DATE: October 1, 2022
*APR = Annual Percentage Rate. Loss of Introductory APR: We may end your introductory APR and apply the Penalty APR if you make a late payment.
Classic Visa Fees
Fees Annual Fee None Balance Transfers None Transaction Fees – Cash Advance Either $2.00 or 2% of the amount of cash advance, whichever is greater (maximum fee: $25.00). Transaction Fees – Foreign Transactions 1.0% of each foreign transaction in non-U.S. currency 0.8% of each foreign transaction in U.S. dollars Penalty Fees – Late Payment Up to $15.00 Penalty Fees – Returned Payment Up to $25.00 How We Will Calculate Your Balance: We will use a method called “average daily balance (including new purchases).”
The information is accurate as of date shown above and is subject to change. Please contact LAPFCU for any changes since this date at (877) 695-2732, or write us at P.O. Box 10188, Van Nuys, CA 91410 – 0188.
Platinum Rewards Visa
Interest Rates and Interest Charges Maximum Limit: $100,000 Annual Percentage Rate for Purchases, Balance Transfers, and Cash Advances 0.00% introductory APR for six months*. After that, your variable APR rate will be between 12.15% and 17.90%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. Penalty APR and when it applies 17.90%. This APR may be applied to your account if you: 1) Make a late payment; or 2) Make a payment that is returned. How Long Will the Penalty APR Apply? If your APR is increased for any of these reasons, the Penalty APR will apply until you make six consecutive minimum payments when due. How to Avoid Paying Interest on Purchases and Balance Transfers Your due date is at least 25 days after the close of each billing cycle. We will not charge you interest on purchases and balance transfers if you pay your entire balance by the due date each month. For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore. EFFECTIVE RATE DATE: January 1, 2023
*APR = Annual Percentage Rate. Loss of Introductory APR: We may end your introductory APR and apply the Penalty APR if you make a late payment.
Platinum Rewards Visa Fees
Fees Annual Fee None Balance Transfer None Transaction Fees – Cash Advance Either $2.00 or 2% of the amount of cash advance, whichever is greater (maximum fee: $25.00). Transaction Fees – Foreign Transactions 1.0% of each foreign transaction in non-U.S. currency 0.8% of each foreign transaction in U.S. dollars Penalty Fees – Late Payment Up to $15.00 Penalty Fees – Returned Payment Up to $25.00
Platinum Rewards Program
Airline Mileage and Merchandise $1.00 = 1 point. Points have no expiration. How We Will Calculate Your Balance: We will use a method called “average daily balance (including new purchases).”
The information is accurate as of date shown above and is subject to change. Please contact LAPFCU for any changes since this date at (877) 695-2732, or write us at P.O. Box 10188, Van Nuys, CA 91410 – 0188.
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PERSONAL LOANS
PERSONAL LOANS (FIXED CLOSED END LOAN)
APR* AS LOW AS** TERM IN MONTHS LOAN AMOUNT 8.74% 6 $500 8.74% 12 $1,500 8.74% 24 $2,500 8.74% 36 $5,000 9.74% 48 $10,000 10.74% 60 $15,000 11.74% 72 $25,000 12.74% 84 $25,001+ *APR = Annual Percentage Rate. Minimum loan amount of $500 and the maximum loan amount of $100,000. To qualify for 9.740% fixed APR for 48 months requires a FICO score of 760 or greater and member must qualify for Member Benefits. Actual APR offered may be higher depending upon applicant's credit rating and other underwriting factors (Member must participate in automatic payment program and qualify for Member Benefits program at time of funding). Go to https://www.lapfcu.org/member-benefits/ for complete details. 48-month term payment example: A 4-year loan at 9.740% fixed APR will have 48 monthly payments of $25.24 per each $1,000 borrowed. All rates, terms, and promotional offers are subject to change without notice. Cannot be combined with any other offer. Restrictions may apply, ask for complete details.
**Member Benefits 0.50% APR reduction includes automatic payment discount. Must qualify for Member Benefits program at time of funding. Go to Member Benefits for complete details. Any loan rate reduction will remain in place for the term of the loan. Program rate reductions may not be combined with any other promotion or offer. The following loan types are excluded from rate reductions: real estate loans, unsecured lines of credit, credit cards, share loans, and share certificate loans. Program rate reductions may not be combined with any other promotion. All rates, terms, and promotional offers are subject to change without notice. Restrictions may apply, ask for complete details.
Five-O Funds Loans FOR NEW LAW ENFORCEMENT PERSONNEL
Loan Amount and Term: Fixed Rate APR: $500-$5,000 (up to 36 month term) 3.99% - 10.49% **APR= Annual Percentage Rate. For sworn and civilian law enforcement personnel of county or municipal police departments or sheriff’s offices in qualifying areas we serve who apply during their first year of employment or rehiring. A 3-year fixed rate term payment example (rate effective January 5, 2023): A 3-year personal loan at 3.99% fixed APR will have 36 monthly payments of $29.52 for each $1,000 borrowed. Finance charges will be assessed the day the loan is funded. The Five-O Funds loan has a minimum loan amount of $500 and a maximum loan amount of $5,000. The term of the loan can be up to 3 years (36 months). Must be a Los Angeles Police Federal Credit Union member in good standing and cannot currently be in bankruptcy. Actual APR offered may be higher depending upon the applicant’s credit rating and other underwriting factors. You may only apply for and receive this loan once. Must provide proof of employment with a law enforcement agency. All rates and terms are subject to change without notice. May not be combined with any other offer. The Member Benefits 0.50% APR rate reduction does not apply to Five-O Funds loan and other restrictions may apply, ask for complete details.
Personal Line of Credit
Type Variable Rate APR* Fixed Rate APR** Personal Unsecured Line of Credit APR 11.740% – 17.740% 11.900% – 17.900% Payment Amount 2.6% of Balance 2.6% of Balance EFFECTIVE RATE DATE: January 1, 2023
*APR = Annual Percentage Rate. This Personal Unsecured Line of Credit has a variable APR based on your creditworthiness. Variable rates may increase or decrease during the term of the loan. Minimum loan amount: $500. Maximum limit: up to $100,000. Finance charges will be assessed starting the day the charge is posted to your account. The APR will vary with the market based on the Prime Rate plus a margin. All rates and terms are subject to change without notice.
**APR = Annual Percentage Rate. This Personal Unsecured Line of Credit has a fixed APR based on your creditworthiness. Maximum limit: up to $100,000. Finance charges will be assessed starting the day the charge is posted to your account. All rates and terms are subject to change without notice.
Share & Certificate Secured Loans
Fixed Rate APR* Share Secured Loan Up to 36 Months** 2.50% 37-60 Months** 3.00% LAPFCU Share Certificate Secured Loan Rate*** 2.00% above the dividend rate being paid on the LAPFCU Share Certificate Amortized Loan Term Up to the Certificate Maturity Date EFFECTIVE RATE DATE: November 16, 2022
*APR = Annual Percentage Rate.
**Share Secured Loan Rates reflect a 0.25% APR discount for automatic or payroll deducted payments. Payment example: A 3-year loan at 2.50% fixed APR will have 36 monthly payments of $28.86 for each $1,000 borrowed. All rates and terms are subject to change without notice.
***The APR will be based on the dividend rate on the share certificate plus a 2.00% margin. The amortization loan terms are based on the share certificate maturity date. Payment example: A 3-year loan at 3.78% fixed APR will have 36 monthly payments of $29.43 for each $1,000 borrowed. All rates and terms are subject to change without notice. -
SHARE PRODUCTS
Regular Shares
Account Type Minimum Balance* APY* Regular Shares $5 to open 0.05% EFFECTIVE RATE DATE: November 16, 2022
*APY = Annual Percentage Yield. LAPFCU may change the dividend rate at any time. The minimum opening deposit requirement and balance for a Regular Share account is $5.00. To avoid a monthly maintenance fee of $5.00, you must: maintain an average daily balance at least equal to $250.00 during each calendar month; or maintain two or more accounts under the same member number with LAPFCU during each calendar month – deposit or credit related; or not have reached your 24th birthday. Fees may reduce the earnings on the account.
Merry Money
Account Type Minimum Balance* APY* Merry Money $0 0.05% EFFECTIVE RATE DATE: November 16, 2022
*APY = Annual Percentage Yield. LAPFCU may change the dividend rate at any time. No minimum balance required, however you must deposit a minimum of $5.00 to open the account.
Vacation Vault
Account Type Minimum Balance* APY* Vacation Vault $0 0.05% EFFECTIVE RATE DATE: November 16, 2022
*APY = Annual Percentage Yield. LAPFCU may change the dividend rate at any time. No minimum balance required, however you must deposit a minimum of $5.00 to open the account.
Checking
Account Type Minimum Balance APY* EZ Checking $25 None Cash Back Checking $25 None Guardian Checking $25 None Performance Checking (Up to $15,000) $25 0.50%** Performance Checking ($15,000.01 and above) $25 0.05%** EFFECTIVE RATE DATE: November 16, 2022
*APY = Annual Percentage Yield
**LAPFCU may change the dividend rate at any time. Each cycle the minimum requirements are met, 0.50% APY will be paid on balances between one penny and $15,000, as well as 0.05% APY paid on all amounts above $15,000 respectively. No minimum balance required, however you must deposit a minimum of $25 to open the account. If you do not meet the requirements per qualification cycle, your account will not earn dividends nor will ATM fees be reimbursed. Qualification cycles will vary from your statement period. One Performance Checking Account per member.
PREFFERED MONEY MARKET ACCOUNT
Deposit Balance Range APY* $10,000 - $24,999 1.45% $25,000 - $49,999 1.55% $50,000 - $99,999 1.65% $100,000+ 1.75% EFFECTIVE RATE DATE: December 22, 2022
*APY = Annual Percentage Yield. The minimum amount required to open a Preferred Money Market Account is $10,000 and must consist of funds not currently held at LAPFCU. The minimum daily balance requirement to maintain and receive the higher dividend rate and corresponding APY offered by the Preferred Money Market Account is $10,000. If the daily balance falls below $10,000, the regular Money Market Account dividend rate and corresponding APY will be applied. Dividends on Preferred Money Market Accounts are calculated daily based on the daily ending balance. LAPFCU may change the dividend rate/APY at any time.
Money Market Rates – Regular and IRA
Balance* Regular Money Market APY* IRA Money Market APY* < $2,500 0.05% 0.05% $2,500-$9,999 0.50% 0.50% $10,000-$24,999 0.60% 0.60% $25,000-$49,999 0.65% 0.65% $50,000-$99,999 0.70% 0.70% $100,000+ 0.90% 0.90% EFFECTIVE RATE DATE: February 9, 2023
*APY = Annual Percentage Yield. No minimum balance required, however you must deposit a minimum of $2,500 to open the account. Dividends on Money Market Accounts are calculated daily based on the daily ending balance. LAPFCU may change the dividend rate at any time.
Term Share Certificates – Member Benefit Rates
Term** Regular $500 - $49,999 APY* Jumbo $50,000 - $99,999 APY* Super Jumbo $100,000+ APY* 3 months 1.90% 1.95% 2.00% 6 months 2.40% 2.45% 2.50% 1 year 3.25% 3.30% 3.35% 2 years 3.30% 3.35% 3.40% 3 years 3.35% 3.40% 3.45% 4 years 3.40% 3.45% 3.50% 5 years 3.45% 3.50% 3.55% EFFECTIVE RATE DATE: March 23, 2023
TERM SHARE CERTIFICATES: Member Benefits Dividend Rate. Early withdrawal penalties may apply. Ask for complete details. All Rates and Terms are subject to change without notice.*APY = Annual Percentage Yield.
**Rate bonus is applicable for new and renewing Share Certificates. Any rate bonus received will remain in effect for the term of the certificate. Program Rate bonus may not be combined with any other promotion. If you qualify for Member Benefits upon certificate renewal, rate bonus will automatically be applied.
Youth Term Share Certificates – Member Benefit Rates
Youth Share Certificates APY* 6 months 2.40% 1 year 3.25% EFFECTIVE RATE DATE: March 23, 2023
YOUTH TERM SHARE CERTIFICATE – $100.00 minimum to open. Early withdrawal penalties may apply. Ask for complete details.
The Dividend Rate and APY for each Youth Share Certificate Account are set forth above. The Dividend Rate and APY on all Term Share Certificates are subject to change at any time, as determined by the Credit Union’s Board of Directors. If a Term Share Certificate Account were opened, the applicable Dividend Rate and APY set forth above would be paid for the length of the term listed for such account. All Rates and Terms are subject to change without notice.
*APY = Annual Percentage Yield.
IRA Term Certificates- Member Benefit Rates
Term Regular $500 - $49,999 APY* Jumbo $50,000 - $99,999 APY* Super Jumbo $100,000+ APY* 6 months 2.40% 2.45% 2.50% 1 year 3.25% 3.30% 3.35% 2 years 3.30% 3.35% 3.40% 3 years 3.35% 3.40% 3.45% 4 years 3.40% 3.45% 3.50% 5 years 3.45% 3.50% 3.55% EFFECTIVE RATE DATE: March 23, 2023
IRA TERM CERTIFICATES – Member Benefits Dividend Rate. Early withdrawal penalties may apply. Ask for complete details. Rates are subject to change.*APY = Annual Percentage Yield.
**Rate bonus is applicable for new and renewing IRA Certificates. Any rate bonus received will remain in effect for the term of the certificate. Program Rate bonus may not be combined with any other promotion. If You qualify for Member Benefits upon certificate renewal, rate bonus will automatically be applied.