As of 10-27-21
Read about our latest promotions in our 2021 Fall Quarter Edition of the Inside LAFCU Member Newsletter.
We are offering two single premium- deferred annuities including:
If you currently hold a share certificate or money market account with us, we will waive the fee for early withdrawal if you move your deposit to one of these annuities. To get started, contact CFS Investment Advisor Steven Liang at (877) 695-2328 ext. 6375 or click on the "I'm Interested" button below and Steven will follow up with you in the next two business days.
* Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Los Angeles Federal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members. Representatives are registered to conduct securities business and licensed to conduct insurance business in limited states. Response to, or contact with residents of other states will only be made upon compliance with applicable licensing and registration requirements. The information in this website is for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase brokerage services to persons outside the United States.
Until December 31, 2021, we are offering no-borrower fee loans for purchasing or refinancing your home. These no-fee loans are for adjustable rate mortgage (A.R.M.) first trust deed loans, which are fixed for the first 5, 7, 10 or 15 years before the rate becomes adjustable. We also offer loans that remain fixed for 15 or 30 years with low rates, but with fees.
You could save over $1,200 PER YEAR in principal and interest payments, and over $2,800 in closing costs by selecting an A.R.M loan! *
* The two of $250,000 loans compared are: a 30 year loan with a fixed 3.25% Annual Percentage Rate (APR), monthly principal and interest payments at $1,088 and $2835 closing costs, versus a 10/1 Adjustable Rate Mortgage that is fixed for the first ten years the becomes adjustable, 2.50% APR loan, monthly principal and interest payments at $998 and no closing costs.
Take advantage of a 48-month term on new or used vehicles. This offer is valid through 12/31/21.
*Annual Percentage Rate.
Open or refinance a HELOC by 3-31-22 and take advantage of our 1.85% APR* 6-month intro rate. Use funds for home remodeling, taxes, gifts, or any reason!
* APR = Annual Percentage Rate. The 1.85% APR is an introductory rate only for the first six months after a new or refinanced variable-rate Home Equity Line of Credit (HELOC) is opened at Los Angeles Federal Credit Union (LAFCU). The HELOC program is for single family, owner-occupied residences. Loan-to-value is up to 90% based on a LAFCU appraisal minus any liens. Minimum loan amount is $5,000. Other conditions may apply; some restrictions may apply. Offer and rates are subject to change without notice. All loans are subject to normal credit-granting criteria. Payment example: when making minimum payments and taking no other credit advances, it takes 140 months to pay-off a $10,000 credit advance at 6.0% APR with monthly payments of $100, and total interest paid of $4,000. If refinancing a current LAFCU HELOC, you must qualify for an additional $5,000 to your line of credit to qualify for the 1.85% APR on the entire line. You must be a LAFCU member to obtain credit.
Refinance your car, truck or other vehicle loans with us and earn 3x the savings. Here's how:
1The 1% cash back offer is valid on refinanced vehicle loans if the loan application is received and approved by LAFCU between 5/1/21 to 12/31/21, and the funding occurs on or before 1/15/22. The minimum loan amount to qualify is $10,000. The refinance must be from a financial institution other than LAFCU. Any cash out as part of the refinance is not eligible for cash back. The cash back will be deposited into the member’s LAFCU checking or savings account within one (1) business day of loan origination. If the LAFCU vehicle loan is paid off, or paid down, by more than 50% within 6 months of loan origination, the 1% cash back amount paid is forfeited and will be added to the outstanding vehicle loan balance.
2Delaying first payment will increase interest paid over the term of the loan.
Join us as we celebrate our 85th anniversary helping and serving members. Stay tuned for fun contests and giveaways we have planned throughout 2021, including monthly raffles and an exciting grand prize. Watch your emails and our social media pages for weekly contests. #LAFCUturns85