LAFCU Has $-Saving Low-Rate Loans!

Vehicle Loans: As Low as 2.99% APR

For a limited time, qualified LAFCU members can enjoy a new vehicle loan rate at 2.99% APR for 36 months or 3.99% APR for 48 or 60 months with 100% financing.* Even though no other loan discounts apply with this special rate, you can still take advantage of FREE vehicle search and buying help with LAFCU Auto Buying Service. If you do not qualify for these special rates, there are other loan rate discounts available, including 0.125% discount when applying for a loan online with e-Loan Express, and our vehicle "Rate Beater" program.

To apply for a vehicle loan, click here.

*Annual Percentage Rate. As of July 1, 2010, the approximate monthly payment per $1,000 borrowed is $30 for a new vehicle at 2.99% APR for 36 months or 3.99% APR for 48 or 60 months at 100% financing (ask us for complete details). Example includes having a credit score of 680 and above. The APR quoted does not apply to refinances of existing LAFCU loans. If you opt for and are approved to have any payments delayed, interest will accrue on the loan balance. Rates are based on the term, collateral, down payment, account relationship and credit history. All loans are subject to credit-granting criteria. Rates, terms, and conditions are subject to change without notice. You must be a LAFCU member to obtain credit.

Home Loans: As Low as 4.125% APR

Now is the best time to buy a home...and securing a low interest rate loan at LAFCU is easy. We offer a 30-year fixed first trust deed loan for 10 years, with rates as low as 4.125%.** Take advantage of our Real Estate "Rate Beater" Loan Program; 80% financing, minus outstanding liens; and no-point, low-point and flat-fee loan options. Apply 24/7 at www.LAFCU.org and get a rapid response with e-Home Loan.

** APR = Annual Percentage Rate. Los Angeles Federal Credit Union (LAFCU) rate example is a 5-year fixed-to-adjustable rate loan with 30-year amortization, for $180,000 and 1 point ($1,800) and $3,616 in fees, as of 7/14/10. Rate is set upon the acceptance of a completed and qualifying loan application package. Other rates and terms are available. Rates and fees subject to change without notice and may affect the APR. Loan-to-value is up to 80% based on a LAFCU appraisal, minus any liens. All loans are subject to normal credit granting criteria. Other conditions may apply. You must be a member of LAFCU to obtain credit. Payment and savings amounts are approximate.

Visa Credit Cards: as Low as 8.49%

Our LAFCU Visa credit card rates are as low as 8.49% APR*** ... much lower than many other financial institutions. Once approved for your new card and you activate it, for the first six months the rate is a low 2.9% APR on all transactions, including Convenience Checks. If you had our card prior to November 1, 2009, you can enjoy a low 4.9% APR on Convenience Checks until May 31, 2010..**** To apply for a Visa Credit Card, click here.

*** All LAFCU Visa® cards have no annual fee, and the Annual Percentage Rates (APR) range from 8.49% to 16.15%. The grace period for repayment of balances for purchases is 25 days, and the Late Payment rate is 17.90% APR.

**** APR = Annual Percentage Rate. Minimum Convenience Check transaction is $100. Offer applies only to purchases or cash advances made with LAFCU Visa Convenience Checks from now through May 31, 2010. Convenience Checks that clear before November 1, 2009, or after May 31, 2010, will not be eligible for the 4.9% APR. There is no grace period for cash advances or Convenience Check transactions; interest is charged from the date of the transaction. Visa credit line cash advances taken at an ATM are subject to third party fees. On June 1, 2010, outstanding balances at 4.9% APR will change to the regular rate in effect for your card at that time. From now to May 31, 2010, your LAFCU Visa account must be kept in good standing, otherwise the balance at 4.9% APR will revert to the regular rate in effect for your card and all balances will be charged at that rate. Any Convenience Checks you write will be handled as cash advances under the terms and conditions of your cardholder agreement. Rates, terms, and conditions are subject to change without notice. You must be a LAFCU member to obtain credit. At the end of the six-month "Introductory Period," your entire Visa card balance reverts to the regular APR for which you originally qualified.

"Funds Availability Policy Changes"

Due to recent changes in the Federal Reserve´s check processing, LAFCU amended its "Funds Availability Policy" (also called "Regulation CC"). The effect is that, in some instances, checks presented for deposit will be available to you quicker...but in no instance delayed longer. Depending on the type of check you deposit, funds may not be available until the second business day after the deposit. In some cases, we may delay the availability of your funds beyond the standard hold. Click to read LAFCU´s complete Funds Availability Policy.

Notices Went Green

On June 1, 2010, LAFCU went green with notices for Non-Sufficient Funds (NSF), overdrafts and transfers. Instead of sending these notices to you in the US Mail, LAFCU has FREE, 24/7 ways for you to verify changes to your accounts, such as using e-Branch online or by calling VoiceTel-24 (contact us for a free PIN). You can easily 1) Monitor account activity inside e-Branch or by calling VoiceTel-24, and 2) Set up "e-Lerts" inside e-Branch to notify you (with a text message sent to your mobile device, or with an email) when changes occur to your account (such as when a certain check clears, or when your balance goes above or below an amount you designate).

Need Help with Loan Payments? We Can Help.

Having trouble with your loan payments? Maybe LAFCU can help. Based on your financial situation, we may be able to offer you low monthly loan payments and flexible repayment terms on your home or vehicle.
Plus, if you are recovering from credit challenges and want to borrow money, we have a "Step-by-Step" Credit Repair Loan Program that will help you pay off delinquencies with your creditors. Loan proceeds are sent directly to your creditors and your payments are automatically made via payroll deduction or Direct Deposit. Then, after your delinquencies have been reduced or paid off, we will gladly consider any reasonable loan requests you may have. For details, click on "Step-by-Step Credit Repair" from the "Search by Page Name" list.

Real Estate and Vehicle Loans Available

If you´re getting ready to purchase a home or vehicle, we can help with that, too! LAFCU makes it easy and affordable to get a loan. LAFCU offers several real estate loan options. In addition, many fees are waived, we offer a FREE 40-day rate-lock (longer than most lenders), and our loans have no prepayment penalties or negative amortization. We even have lower 30-year mortgage loans* with fixed rates for five or seven years. To apply for a real estate loan 24/7, use e-Home Loan or call us.

For your next vehicle purchase, LAFCU provides low loan rates, a "Rate Beater" program, loan pre-approval before you shop, VIP loan rate discounts, extended terms, no money down options and convenient payments. Vehicle purchasing and LAFCU financing is available at dealers affiliated with the Credit Union Direct Lending (CUDL) network. To apply for a vehicle loan 24/7, use e-Loan Express or call us.

* APR=Annual Percentage Rate. LAFCU rate example is a 10-year fixed to adjustable rate loan with 30-year amortization for $500,000 and 1 point ($5,000) and about $1,700 in fees, as of 3/01/09. Rate is set upon the acceptance of a completed loan application package. Other rates and terms are available. Rates are subject to change without notice and may affect the APR. Loan-to-value is up to 80% based on a LAFCU appraisal, minus any liens. All loans are subject to normal credit granting criteria. Other conditions may apply. You must be a member of LAFCU to obtain credit. Payment and savings amounts are approximate.