AUGUST
•
2022
TURN YOUR HOME’S EQUITY INTO CASH! A home equity loan or line of credit is a simple and smart way to save big when you have to pay for important expenses. Turn up to 80% of your home’s equity1 into cash with a lump sum stable fixed-rate loan or a convenient home equity line of credit. Use your loan proceeds or draw upon your line of credit as needed to consolidate high-cost debts, or to pay for any need: 3 Home remodeling or repairs
3 A wedding
3 Medical bills
3 Family vacation
3 Auto repairs
3 Unforeseen emergencies
H Includes End of Watch Debt Protection2 Visit lapfcu.org or scan the QR code. Call (877) 695-2732 for assistance. 1 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. Home Equity Loans available on 1-4 family dwellings and for properties located in California, Arizona, Colorado, Idaho, Montana, Nevada, Oregon and Utah. Minimum loan amount $5,000. 7-year rate term payment example (rate effective June 23, 2022): A $35,000 loan with 5.000% fixed APR (Annual Percentage Rate) for 84 months would cost $14.14 per $1,000 borrowed. All loans are subject to creditworthiness. Property insurance is required. All Rates and Terms are subject to change without notice. Other restrictions may apply, ask for details. 2End 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 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.
INVESTMENT OR RETIREMENT QUESTIONS? WE HAVE ANSWERS! The economy can create uncertainty and challenges, but also opportunities! Let an experienced financial advisor explain your options and help you make informed decisions. There’s no obligation, and no cost to schedule an appointment: lapfcu.cusonet.com or (877) 695-2732, option 4 and press 2 for Investment Services.
Our in-house CUSO Financial Services, L.P., financial advisors are experienced in working with law enforcement professionals and their families to:
Create a new or updated financial plan
Plan for important milestone events
Determine or reexamine how much you need to save or invest
Navigate DROP rollover options
Plan or rethink retirement strategies
*Non-deposit investment products and services are offered through CUSO Financial Services, LP (“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. The Credit Union has contracted with CFS for investment services. Atria Wealth Solutions, Inc. (“Atria”) is a modern wealth-management solutions holding company. Atria is not a registered broker-dealer and/or Registered Investment Advisor and does not provide investment advice. Investment advice is only provided through Atria’s subsidiaries. CUSO Financial Services, LP is a subsidiary of Atria.
(877) 695-2732 • lapfcu.org
INTRODUCING GUARDIAN FREE CHECKING! 3 NO monthly service fees
3 NO minimum balance requirements
LAPFCU understands that its members highly value privacy and security for themselves and their loved ones. That’s why we’re pleased to introduce our new Guardian Checking Account.1 Exclusively for law enforcement professionals (active/retired), this free account includes powerful privacy and security features to help protect those who protect. The first of its kind in the nation, this account is only available to LAPFCU members.
PROTECTING THOSE WHO PROTECT!
By putting just $500 a month into the account via direct deposit or ACH credits and receiving your statements and disclosures online, you get:
g
Free Leo Web Protect2 for sworn personnel: Digital privacy service that continually removes personal information from the Internet
g
Free Sontiq Enhanced ID Protection3 for non-sworn personnel: Comprehensive ID theft monitoring and restoration service
1 Guardian 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. 2LEO 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. 3Sontiq 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.
CAR BUYING MADE EASY ! Find your new or pre-owned car with ease using our free auto-buying services, Autoland or Carvana. Plus, get a 0.50% APR* discount on your LAPFCU auto loan with our Member BenefitsSM program. Your personal Autoland consultant can help find a new car, negotiate a fair price, and deliver your new ride to you. Call (800) 234-6999 or visit lapfcu.autoland.com to get started.
Take advantage of this and other exclusive offers for law enforcement personnel today at lapfcu.org/sworn, call (877) 695-2732, or visit an LAPFCU branch. Scan this code for more information about Guardian Checking Account
YES, YOU CAN AFFORD A NEW CAR! With our unique 10-year auto loan,2 you get low monthly payments that fit within your budget. Ask an Associate for details.
Carvana allows you to browse certified pre-owned inventory, buy online and pick up as soon as the next day, and get a seven-day money-back guarantee. Carvana is also offering a limited-time $100 cash reward1 for credit union members! Visit lapfcu.org/auto-buying-services, or scan the QR code to learn more. *APR = Annual Percentage Rate. 0.50% APR rate reduction will remain in place for the term of the loan. Member must participate in the automatic payment program and qualify for the Member Benefits program at time of funding. Go to lapfcu.org/member-benefits/ for complete details. The following loan types are excluded from the Member Benefits rate reduction: real estate loans, mobile home loans, unsecured lines of credit, credit cards, share loans, and share certificate loans. Program rate reduction may not be combined with any other offer. All rates, terms, and promotional offers are subject to change or cancellation at any time without notice. Other restrictions may apply, please ask for complete details. 1Valid only for Carvana purchases through LoveMyCreditUnion.org. See Terms and Conditions. 2Effective rate date as of June 23, 2022. 10-year (120 month) term payment example: A 10-year auto loan at 5.250% Fixed APR (Annual Percentage Rate) with zero down payment will have 120 monthly payments of $10.73 per each $1,000 borrowed. To qualify for 5.250% Fixed APR for 120 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 (must participate in automatic payments program and qualify for Member Benefits program at time of funding). Go to lapfcu.org/member-benefits/ for complete details. Ten-year auto loan available on loans for new cars only. All rates, terms, and promotional offers are subject to change without notice. Cannot be combined with any other offer. Other restrictions may apply, please ask for complete details.
We are upgrading our systems to provide you with enhanced account access!
LAPFCU WILL BE CLOSED 6:00 P.M. FRIDAY, SEPTEMBER 30 TO 5:00 P.M. TUESDAY, OCTOBER 4 All LAPFCU branches, online and mobile banking, and our Member Contact Center will be UNAVAILABLE to ensure a seamless transition to our upgraded system. You may experience reduced limits on debit and credit card purchases. For the latest system upgrade information, visit lapfcu.org/upgrade.
(877) 695-2732 • lapfcu.org 0622-25