Newsletter
2-4-6-8, Who Do We Appreciate?
2% - APY Certificate* - 22-Month Certificate or IRA Certificate($1,000 minimum deposit)
4% - APR New or Used Auto Loan** - as low as 4% APR for up to 60 months or as low as 3.5% APR with automatic payment and Direct Deposit/Payroll Deduction
6% - APR Fixed Home Equity Loan*** - as low as 6% APR for 20 years with NO Closing Costs
8% - APR Boats, RV's and Personal Watercraft**** - as low as 8% APR for 60 months with automatic payment and Direct Deposit/Payroll Deduction
Apply online, visit your nearest branch or call us at 800.894.1200 to take advantage of any of these offers.
Rates effective as of July 1, 2010. Rates and programs are subject to change without notice. Loan approval subject to credit and income evaluation. Rates predicated on credit worthiness, term, and the amount financed.
*2.00% APY = Annual Percentage Yield for 22 months. Also available for IRA Certificates. The Dividend Rate and APY for each Term Share (Certificate and IRA Certificate) Account is set forth above. Substantial penalty may be imposed for early withdrawal. Minimum deposit of $1,000. Term is 22 months after which the certificate will automatically be renewed as a 24-Month Certificate and earn rates based on the amount of your investment.
**As low as 4.00% APR = Annual Percentage Rate for 60 months on New or Used Autos, Light Trucks, and Motorcycles. $5,000 minimum loan amount. Some restrictions may apply.
As low as 3.50% APR for 60 months on New or Used Autos, Light Trucks, and Motorcycles, including 0.25% reduction for automatic payment and 0.25% reduction for Direct Deposit/Payroll Deduction. Based on 100% of purchase price for new cars; 100% of Kelley Blue Book retail price for used cars. Private party purchase requires DMV paperwork and 100% of Kelley Blue Book price. Representative monthly payment for each $1,000 borrowed 4% for 60 months = $18.42 and 3.50% for 60 months = $18.19.
***As low as 6.00% APR Fixed Home Equity Loan for 20-year term with no points, no pre-payment penalties and no closing costs. $350 Appraisal Fee required. Loan amounts $10,000 up to $250,000. 80% maximum loan-to-value (LTV). APR is based on a loan amount of $20,000. Applicant’s rate may be higher and loan-to-value may be lower depending on credit rating. Eligible residences must be owner-occupied, single-family homes in California or Arizona. Existing LAFCU loans not eligible for refinance without additional loan increase. The interest you pay may be 100% tax deductible (check with your tax advisor). Representative monthly payment for each $1,000 borrowed for 20 years = $7.16.
****As low as 8.00% New or Used RV, Boats and Personal Watercrafts for 5-year term. $10,000 minimum loan amount. Some restrictions may apply. Discounted rate includes 0.25% reduction for automatic payment and 0.25% reduction for Direct Deposit/Payroll Deduction. Representative monthly payment for each $1,000 borrowed 8% for 60 months = $20.28.
Reg E, Opting Into Courtesy Pay
OVERDRAWN?
We’ll stand behind it. But first, you MUST “OPT IN.”
Overdrafts can happen to the best of us! That’s why at LA Financial Credit Union, we provide Courtesy Pay—to cover those “little mistakes,” whether you pay by check or VISA® Debit Card.
But the law has changed. And now, you must first request Courtesy Pay in order to receive or continue this service on ATM or everyday VISA® Debit Card transactions.
Whether you forgot to make a deposit or subtract a purchase, or you simply made a little miscalculation…overdrawing your account can be costly and embarrassing. And having your VISA® Debit Card declined at the check-out counter can be extremely inconvenient!
But you don’t have to worry about that with Courtesy Pay at your Credit Union. There is no charge to set up or maintain this protection. In fact, if you OPT IN for Courtesy Pay, we will allow transactions up to negative $10 before an overdraft fee is charged. In either event, your payment will be honored and you will avoid a fee or penalty from the merchant as well. But you must OPT IN for this service.
CAN’T DECIDE?
If you do not OPT IN, your Debit Card will be denied if you do not have enough money for the transaction. That’s good if you are buying a soft drink at a convenience store—you could probably do without the soft drink. But what if you are in a situation where your Debit Card just has to work? That’s when you need Courtesy Pay. Courtesy Pay means your Debit Card will be approved, even if you don’t have the funds in your account, allowing you to be negative up to $300.
Holiday Closings
The Credit Union will be closed in observance of the following holidays:
Independence Day: Monday, July 5 (Observed)
Labor Day : Monday, September 6
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