March Roll Call 2023

DEADLINE: APRIL 3

LAPFCU offers two scholarship programs:

3 TRADITIONAL: LAPFCU youth members

3 LAW ENFORCEMENT: Cadets, Explorers, or equivalent/LAPFCU youth members

Each program offers:

3 One $6,000 Grand Prize

3 Up to eight $4,500 awards

Questions? Contact Angela at (818) 779-3398 / adenerson@lapfcu.org or Karla at (714) 603-6027 / krodriguez@lapfcu.org

*Qualification Requirements: Scholarship Applicant must be an LAPFCU member at time of application submission. No applications will be accepted until membership is verified. Cannot enter if you or an immediate family member is a previous LAPFCU scholarship winner. Applicant must be between 17 and 22 years old and in good standing with LAPFCU. Applicant must be enrolled in an accredited university, college, junior college, technical program, or trade school for fall 2023. If you’re applying for the law enforcement scholarship program, in addition to the above requirements, you must also be an active member or a 2022 graduate of a youth law enforcement program, such as Cadets, Explorers, POPP, ACOP, or equivalent. You can only apply to one LAPFCU scholarship program. Scholarships will be awarded based upon combination of GPA, extracurricular activities, scholastic awards and achievements, community involvement, and a written essay. Applications, essays, and supporting documentation must be submitted online at lapfcu.org/scholarship by April 3, 2023. Attached documents must be in Word or PDF file format only. Complete details at lapfcu.org/scholarship.

FREE UPCOMING WEBINAR

SMARTER HOMEBUYING

WEDNESDAY, APRIL 19 | 6:00-7:00 P.M. PDT1

Whether you’re considering buying your first home, next home, retirement home, or investment property, one hour of education can help save you thousands of dollars and help you avoid painful mistakes.

This live webinar will help you navigate the homebuying process in today’s market, explore how you can afford a home right now, and make informed decisions.

For assistance, contact Melissa at (818) 779-3328 or email mmiranda@lapfcu.org

COMPLIMENTARY DEBT PROTECTION

LAPFCU offers complimentary End of Watch Debt Protection, which cancels up to a combined $850,000 of LAPFCU loans/lines of credit at no cost if you pass away in the line of duty.2 Visit lapfcu.org/eow to learn more.

LEARN MORE

1Webinar times and dates subject to change or cancellation at any time. 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-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 of 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.

(877) 695-2732 • lapfcu.org

IRS SECURITY TIP

A phone call, email, or social media message claiming to be from the IRS is most likely a scam. The IRS will mail a bill if you owe money. Report suspected tax fraud or an IRS-related scam attempt immediately at (800) 829-0433 or email phishing@irs.gov

EARN 4.50% APY FOR 10 MONTHS!

Jumpstart your savings, build an emergency fund or save for a specific goal by the end of the year with our high-yield share certificate!

Enjoy 4.50% APY with:

n Short 10-month term

n No minimum opening deposit

n Guaranteed returns

n No monthly fees

For assistance, call us at (877) 695-2732.

MAKE IRA CONTRIBUTIONS BY APRIL 18

APRIL 18 is the deadline to make Roth and traditional IRA 2022 contributions. An Individual Retirement Account (IRA) is a smart way to put pre-tax dollars to work to build a comfortable retirement. 2022 contribution limits

n $6,000 for 49 and younger

n $7,000 for 50 and older

n If filing jointly, each spouse may contribute according to the limits above. Total contribution cannot exceed your reported income after taxes. Make a contribution in online banking:

LAPFCU.ORG >> Services >> Forms >> Traditional IRA Contribution and Investment Selection Form or Roth IRA Contribution

1098 and 1099 tax forms are available at: LAPFCU.ORG >> Services >> e-Statements and e-Disclosures. Consult your tax advisor or visit irs.gov for more details.