As of 9-13-24
Learn about new developments with your local credit union, as well as current promotions, in the latest LAFCU Member Newsletter.
It’s LAFCU’s 88th anniversary and our members get a present! Open a limited-time "Anniversary" Share Savings Certificate and earn more at 4.88%* APY for 8 months.
With new money only, the minimum opening deposit is $500 and additional new money deposits can be made into the certificate until the additional funds equal the opening deposit.
To open a certificate, call us during business hours at (877) 695-2328 or visit a branch.
*APY = Annual Percentage Yield for this Share Savings Certificate (certificate) promotion. The certificate has a 4.88% APY, a dividend of 4.765% and a term of 8 (eight) consecutive months after it’s opened. The minimum opening deposit per certificate is $500 and the maximum is $5,888,888. Multiple Certificates can be opened if the opening balance of each one is between $500 to $5,888,888. Additional funds can be deposited into the certificate after it’s opened, and the maximum additional funds are equal to the opening deposit (for example, if a certificate is opened with a $50,000 deposit, the total additional deposits can only equal $50,000 or less). This Certificate can only be opened at LAFCU starting 8/8/24. The actual APY will be calculated to three decimal points. The funds for the certificate must be “new money only,” meaning the funds must be deposited in your LAFCU account within 30 days prior to the date you open the certificate. When this Certificate matures, it will automatically renew for another 8-month term at the rate in effect at maturity for our Regular 6 to 11-month Share Savings Certificate. This offer is subject to change or may be discontinued without notice. Only LAFCU members have access to our services, including Certificates. For more details, search “Master Disclosures” on our website & read the section “Terms & Conditions Applicable to Share Certificate Accounts.”
Enter your Initial Deposit then click "Calculate" to view the Value at Maturity of a 4.88% APY* Certificate:
| Initial Deposit: ($500 minimum) |
|
| Term: | 8 months |
| Dividend Rate: (compounded monthly) |
4.765% |
| Annual Percentage Yield (APY): | 4.88% |
| Value at Maturity: (before taxes) |
Note: This calculator is a self-help tool for your independent use and is not intended to provide investment or tax advice. The accuracy of calculations and their applicability to your circumstances are not guaranteed. All examples are hypothetical and are for illustrative purposes only. Please consult a financial professional for your personal situation.
It’s YOUR money…so you must AVOID fraudsters and scams from gaining access to it.
People like you are currently being targeted by sophisticated scams nationwide where fraudsters impersonate your financial institution. Their goal is to get you to give them access to your account online so they can steal your money by transferring it out of your account.
• LAFCU already has your account information. If anyone calls, emails, or texts you to ask for your Username, Password, or your One Time Access Code (Multi-Factor Authentication), DO NOT RESPOND OR SHARE THE INFORMATION. Instead, contact LAFCU, either online or through one of the published phone numbers.
• If you call LAFCU directly, we will ask you to securely authenticate yourself, which could include asking you to approve an “Ok to Share” message/code we send you.
• Only you can prevent unwanted access by keeping your account information confidential, whether you have accounts at LAFCU or elsewhere.
• YOU are financially responsible for all transactions conducted by a friend, family member, or fraudster if you provide your online access credentials to them.
Stay informed. Do not become a victim. Read about current frauds, scams, identity theft, & cybersecurity: https://mycreditunion.gov/fraud-prevention-center