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LAW ENFORCEMENT PERSONNEL PROGRAMS

EXCLUSIVELY FOR SWORN AND NON-SWORN LAW ENFORCEMENT PERSONNEL

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    Benefitting Those Who Protect and Serve

    END OF WATCH DEBT PROTECTION1 offers peace of mind and financial relief for your loved ones. This complimentary program cancels up to $850,000 of combined LAPFCU loan and line of credit balances if you pass away in the line of duty.

    • To add End of Watch Debt Protection, apply for an LAPFCU loan today!
    • If you have loans elsewhere, refinance with us to save and get complimentary debt protection.

    FIVE-O FUNDS LOAN2 allows new personnel to borrow up to $5,000 to pay for equipment, lodging, transportation, or any need. With this personal loan, you’ll get:

    • A low, fixed 3.99% APR
    • No payments for 60 days
    • Up to 48 months to repay

    To apply, complete the Five-O Funds application and email it to consumerlending@lapfcu.org.

    HEROES HOME LOAN3 helps make your homeownership dreams come true with 100% financing for first-time buyers. This special loan includes:

    • No down payment
    • No private mortgage insurance
    • A stable, fixed 30 or 40-year rate

    Get started!

    1. Complete the homebuyer education course at fanniemae.com/education.

    2. Email your certificate of completion to: mortgageloanofficers@lapfcu.org and request an appointment.

    3. Pay a $250 application fee that will be credited back to you when the loan closes.

    4. Your Mortgage Loan Officer will take the application over the phone, and you’ll receive a pre-approval letter within 2 business days.

    View the Heroes Home Loan program requirements

     

    GUARDIAN CHECKING4 includes free digital privacy service for LEOs and identity-theft monitoring and restoration for non-sworn personnel

     

     

    For more information on any of LAPFCU’s exclusive programs for law enforcement personnel, book a virtual appointment with a friendly LAPFCU Associate or call us at (877) 695-2732!

Questions? Call us @ (877) 695-2732

Disclosures

1End of Watch Debt Protection is provided to eligible borrowers at no additional cost to the borrower and cancels the outstanding LAPFCU loan balance of the sworn or civilian member. To be eligible for the End of Watch Debt Protection, the Borrower must: (1) be an LAPFCU member, (2) meet the lending requirements established by LAPFCU to qualify for this debt protection and (3) be an active active-duty sworn law enforcement officer or civilian in qualifying areas we serve. Minimum loan balance amount of $10,000 or a new activated $10,000 line of credit required to qualify (must be used within 30 days of account opening). Maximum coverage for a single loan is $400,000. The maximum combined loan amount is $850,000 for all of the borrower’s loans. The End of Watch Debt Protection may not be purchased outright. This debt cancellation benefit applies to all loans from LAPFCU and only in the case of death while on duty, some exceptions do apply. All loans are subject to credit approval and to applicable LAPFCU policies. Other restrictions may apply. Visit lapfcu.org/eow or call (877) 695-2732 for complete details.

 

2APR= 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 4-year fixed rate term payment example (rate effective May 18, 2022): A 4-Year personal loan at 3.99% fixed APR with 60-day payment deferral will have 48 monthly payments of $22.65 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 a 4-Years (48 months). Must be a Los Angeles Police Federal Credit Union member in good standing and cannot currently be in bankruptcy. 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. Other restrictions may apply, ask for complete details. May not be combined with any other offer. The Member Benefits 0.50% APR rate reduction does not apply to Five-O Funds loan.

 

3The Heroes Home Loan program is valid only for first-time homebuyers who are active-duty sworn and civilian law enforcement personnel. Property must be: (1) located in California, (2) owner-occupied primary residence; and (3) a single-family residence, condo, and planned unit development. Requires an LAPFCU checking account and automatic payments, an impound/escrow account for taxes and insurance, completion of first-time homebuyer course at fanniemae.com/education, minimum FICO of 700, maximum debt-to-income ratio of 45%, 30 or 40-year fixed rate term only, first lien position, and three months of payment reserves. If you have six months of mortgage payments in your savings, proof of rental history will be waived. Cannot be a homeowner within the past 24 months. There is a $250 application fee for this program that will be credited back at closing; however, if the transaction does not close, the $250 will not be refunded. You have up to 6 months to close on a property before the application fee is forfeited. Maximum loan amount based on conforming high balance loan limits (currently $970,800). May not be combined with any other offer. All loans are subject to credit approval and applicable LAPFCU policies. Program subject to change or cancellation at any time. No co-signers allowed for this program. 30-year fixed rate term payment example (rate effective May 18, 2022): A $500,000 loan with no down payment would have a fixed rate of 6.500%/6.597% APR would have 360 monthly payments of $3,191.94. 40-year fixed rate term payment example (rate effective May 18, 2022): A $500,000 loan with no down payment would have a fixed rate of 6.500%/6.583% APR would have 480 monthly payments of $2,956.56. Payment example does not include closing fees, taxes, insurance, loan level pricing adjustments or third-party vendor fees. All advertised rates and terms are subject to change at any time without notice. All loans are subject to credit approval and applicable LAPFCU policies. Your actual payment may vary. Other restrictions may apply, please call (877) 695-2732, ext. 7777 for complete details and to apply for the program.

 

4Guardian Checking can only be opened by members that are sworn or non-sworn law enforcement personnel (active or retired) of county or municipal police departments or sheriff’s offices in qualifying areas we serve. Sworn law enforcement personnel will receive a one-year subscription to LEO Web Protect services. Non-sworn law enforcement personnel will receive a one-year subscription to Sontiq Enhanced ID Protection services. Both services will be renewed annually if the monthly Guardian Checking requirements are met: (a) $500 or greater monthly direct deposit/ACH credit and (b) opt into e-Statements and e-Disclosures. Joint account holders who are not sworn or non-sworn law enforcement personnel are not eligible for the LEO Web Protect or Sontiq Enhanced ID Protection services. Optional add-ons are available for both services at an additional cost. Other restrictions may apply, please call (877) 695-2732 or visit lapfcu.org/guardian-checking for complete details.

 

5LEO Web Protect Inc is law enforcement-owned and -operated. LEO Web Protect Inc specializes in the removal of personal private information from the Internet and continually searches the Internet for your personal information in order to keep it out of the wrong hands. LAPFCU provides the LEO Web Protect Inc service as a free benefit to members who qualify. Optional add-ons may be included at an additional cost. For additional information, please visit leowebprotect.com/product/los-angeles-police-federal-credit-union.

 

6Sontiq Enhanced ID Protection is a service provided by Sontiq, a TransUnion Company. Sontiq Enhanced ID Protection is a leading provider of proactive identity, privacy, and credit protection by delivering ongoing monitoring, rapid alerts, and recovery services to help protect against ID theft. LAPFCU provides the Sontiq Enhanced ID Protection service as a free benefit to members that qualify. Optional add-ons may be included at an additional cost. For additional information, please visit lapfcu.sontiq.com. 0522-41