LAPFCU September Roll Call

SEPTEMBER

•

2021

ROLL CALL REFINANCE NOW, SAVE NOW $200 Auto Loan Refinance Offer!1

If you’re looking to lower your interest rate, lower your monthly payments, or consolidate debt, we can help you save with great rates on auto loans, personal loans, and lines of credit.

Plus, for a limited time, refinance your auto loan from another lender with LAPFCU, and you’ll get: • $200 cash back1 • No payments for 90 days

balances, to consolidating your debt into one, convenient monthly payment, we offer a wide variety of solutions and flexible terms to meet your unique needs.

2

• Complimentary End of Watch Debt Protection for sworn and civilian law enforcement professionals3 At LAPFCU, we’ll help you find a solution to help you save now.

From refinancing a loan and transferring high-interest credit card

Find out how much you may be able to save. Call (877) 695-2732 for a free review of your loans. Be sure to check the LAPFCU app or online banking to see if you’re already pre-approved for a loan. Otherwise, apply at lapfcu.org/refinance-save.

1 Offer valid September 1, 2021 – December 31, 2021. Must refinance an auto loan from another lender, existing LAPFCU auto loans do not qualify for $200 credit. Refinanced auto loan must be at least $10,000 to be eligible for the $200 credit. The $200 will be credited to the primary applicant’s S1 Share Savings Account within 60 days after auto loan origination. Offer subject to change or cancellation at any time and other restrictions may apply. May not be combined with any other offers. Members who receive the $200 offer cannot refinance the new loan with LAPFCU again for a lower APR. Please ask for complete details. 2 Number of total payments on your loan remains the same, and interest continues to accrue during deferred payment months. Deferring a payment may void your GAP insurance. Please consult your insurer for complete details. 3 End 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 a full-time, active duty sworn peace officer or civilian employed by a Los Angeles County law enforcement agency. 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.

COMPLIMENTARY WEBINAR ESTATE AND LEGACY PLANNING* October 13 • 6:00-7:00 p.m. PT

Register now at lapfcu.org/webinar or call Natalie at (818) 779-3393 for assistance.

*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.

NEW

Use your credit or debit card from another bank to make your LAPFCU loan payments

Quick Pay 1 is an easy and secure way to make one-time and recurring payments on eligible

LAPFCU loans right from your smartphone or computer. There are no hassles and no fees. Simply log in to the LAPFCU app or online banking, select your loan, and make a payment using: • An LAPFCU account, including an LAPFCU debit card • A credit or debit card from another financial institution • An Automated Clearing House (ACH) payment from another financial institution On the LAPFCU app tap More and select Quick Pay under Other Services.

In PATROL Online Banking click the Services tab and select Quick Pay.

1 Quick Pay is a service provided to you to make payments to your Los Angeles Police Federal Credit Union (LAPFCU) loans. To qualify for Quick Pay: a) you must be a member in good standing; b) registered user on Patrol Online Banking; c) maintain a valid email address; and d) sufficient funds in your account to complete the payment request. Available payment methods include: 1) A non-LAPFCU credit card (Visa, MasterCard, or Discover); or any debit card including LAPFCU (Visa, MasterCard, or Discover); 2) Payment transfer from your LAPFCU Account; and 3) A one-time or recurring ACH payment from your account at another financial institution. LAPFCU credit cards and real estate related loans are not eligible for payment using the credit card option. Other restrictions may apply, please call (877) 695-2732 or visit lapfcu.org/quick-pay for more details.

(877) 695-2732 • lapfcu.org

SECURITY TIP

With fraud on the rise, remember that LAPFCU will never call, email, or text you to ask for your personal or account information. For more safety tips, visit lapfcu.org/security. If you have a fraud-related question or need to report fraud on your account, call us immediately at (877) 695-2732. Stay vigilant!

100% FINANCING FOR FIRST-TIME HOMEBUYERS1 Exclusively for Sworn and Civilian Law Enforcement Personnel From saving for a down payment, to rising home prices, there are many challenges you may face before you can own your first home. However, LAPFCU’s Heroes Home Loan helps make it easier to achieve the American dream.

This unique program, exclusively for active-duty sworn and civilian law enforcement personnel, offers 100% financing—with no expensive private mortgage. You get to decide which repayment term works best for you. Choose from a stable, fixed 30-year or 40-year rate for lower monthly payments.

To qualify for the Heroes Home Loan, you cannot have owned a home in the last two years. The property must be in California. You also must have a minimum FICO® Score of 700, three months of payment reserves in savings, and a maximum debtto-income ratio of 45%.

INCLUDES COMPLIMENTARY END OF WATCH DEBT PROTECTION!2 Under this special program, your new mortgage will be paid off up to $400,000 should you pass away in the line of duty. Plus, any additional LAPFCU loans and lines of credit you have are covered up to a combined $850,000. Peace of mind for you, financial relief for your family. Learn more at lapfcu.org/EOW.

Follow these steps to get started: 1. Complete the homebuyer education course at educate.frameworkhomeownership.org.

3. Pay a non-refundable $250 application fee that will be credited back to you when the loan closes.

2. Email mortgageloanofficers@lapfcu.org your certificate of completion and request an appointment to apply for the loan.

4. Your Mortgage Loan Officer will take the application over the phone, and you’ll receive a pre-approval letter within 2 business days.

SCAN ME TO TAKE THE HOMEBUYER EDUCATION COURSE

For assistance, speak with a Mortgage Loan Officer at (877) 695-2732, ext. 7777.

1 The Heroes Home Loan program is valid only for first-time homebuyers who are active duty sworn and civilian law enforcement personnel. Property must be: (1) located in California, (2) owner-occupied primary residence; and (3) a single-family residence, condo, and planned unit development. Requires an LAPFCU checking account and automatic payments, an impound/escrow account for taxes and insurance, completion of first-time homebuyer course at educate.frameworkhomeownership.org, minimum FICO of 700, maximum debt-to-income ratio of 45%, 30 or 40-year fixed rate term only, first lien position, and three months of payment reserves. If you have six months of mortgage payments in your savings, proof of rental history will be waived. Cannot be a homeowner within the past 24 months. There is a $250 application fee for this program that will be credited back at closing; however, if the transaction does not close, the $250 will not be refunded. You have up to 6 months to close on a property before the application fee is forfeited. Maximum loan amount based on conforming high balance loan limits (currently $822,375). May not be combined with any other offer. All loans are subject to credit approval and applicable LAPFCU policies. Program subject to change or cancellation at any time. No co-signers allowed for this program. 30-year fixed rate term payment example (rate effective September 1, 2021): A $500,000 loan with no down payment would have a fixed rate of 5.250%/6.217% APR would have 360 monthly payments of $2,761.02. 40-year fixed rate term payment example (rate effective September 1, 2021): A $500,000 loan with no down payment would have a fixed rate of 5.250%/6.059% APR would have 480 monthly payments of $2,494.35. Payment example does not include closing fees, taxes, insurance, loan level pricing adjustments or third-party vendor fees. All advertised rates and terms are subject to change at any time without notice. All loans are subject to credit approval and applicable LAPFCU policies. Your actual payment may vary. Other restrictions may apply, please call (877) 695-2732, ext. 7777 for complete details and to apply for the program. 2 End 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 a fulltime, active duty sworn peace officer or civilian employed by a Los Angeles County law enforcement agency. 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.

LAPFCU BOARD ELECTION NEARS To become a candidate for the 2021 LAPFCU Board Election, a nomination by petition is required. Petitioner packages will be available at LAPFCU branches starting Friday, September 24. Please submit a petition signed by 1% of the membership (418 members) and a brief, 125-word limit autobiography to an LAPFCU branch by 4:00 p.m. on Friday, October 29.

Election results will be announced at the Annual Meeting on Wednesday, January 26, 2022. For additional information, email jcaban@lapfcu.org or call (818) 779-3304.

(877) 695-2732 • lapfcu.org 0721-50