Winter Dispatcher 2022

D I S PATC H E R

WINTER 2022

REFINANCE ANY VEHICLE OR PERSONAL LOAN AND SAVE GET $200 When you refinance ANY vehicle or personal loan from another lender! Plus, no payments for 90 days on auto loans.

If you have a closed-end personal or vehicle loan (including auto, motorcycle, boat, watercraft, motor home, or travel trailer loan) from another lender, we can help you save. For a limited time, refinance with us and get $200 cash back.1 Plus, no payments for 90 days on your refinanced auto loans2!

LOWER YOUR RATE OR MONTHLY PAYMENT – OR BOTH! Rates are low, which is a major reason to consider refinancing your loans. At LAPFCU, auto loan rates start at just 1.99% fixed APR3. Personal loan rates are as low as 7.49% fixed APR4. Refinancing your

loan can also reduce your loan payments to better fit your budget and free up money each month. We can extend the term of your loan to get you the lowest monthly payment possible.

Our Loan Officers can help you find a solution that works best for your financial needs or your monthly budget.

CONSOLIDATE DEBT For maximum savings, let our experts review all your loans and lines of credit and make recommendations that can save you even more! They may be able to unlock additional hidden savings you haven’t considered.

REFINANCE NOW! Check the LAPFCU app or online banking to see if you’re already pre-approved or apply at lapfcu.org/refinance-save. Call us at (877) 695-2732 to speak with a dedicated Loan Officer who will help find a solution that works for you.

1 Offer valid January 18, 2022 – April 30, 2022. Existing LAPFCU loans do not qualify. Must refinance a closed-end personal loan or vehicle loan (auto, motorcycle, boat and watercraft, motor home and travel trailer loans) from another lender that is at least $10,000. Offer applies to each eligible loan. The $200 will be credited to the primary applicant’s S1 Share Savings Account within 60 days after 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. 2Only applies to auto loans. Number of total payments on your auto loan remains the same, and interest continues to accrue during deferred payment months. Deferring an auto loan payment may void your GAP insurance. Consult your insurer for details. 3APR = Annual Percentage Rate. To qualify for 1.99% fixed APR for 60 months requires a FICO score of 800 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 (Member must participate in automatic payment program and qualify for Member Benefits program at time of funding). Go to lapfcu.org/member-benefits/ for complete details. 60-month term payment example: A 5-year loan at 1.990% fixed APR will have 60 monthly payments of $17.52 per each $1,000 borrowed. All rates, terms, and promotional offers are subject to change without notice. Cannot be combined with any other offer. Restrictions may apply, ask for complete details. 4APR = Annual Percentage Rate. Minimum loan amount of $500 and the maximum loan amount of $100,000. To qualify for 7.490% fixed APR for 48 months requires a FICO score of 800 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 (Member must participate in automatic payment program and qualify for Member Benefits program at time of funding). Go to lapfcu.org/member-benefits for complete details. 48-month term payment example: A 4-year loan at 7.490% fixed APR will have 48 monthly payments of $24.17 per each $1,000 borrowed. All rates, terms, and promotional offers are subject to change without notice. Cannot be combined with any other offer. Restrictions may apply, ask for complete details.

(877) 695-2732 • lapfcu.org

CHAIR AND PRESIDENT’S MESSAGE

WE’RE GROWING, AND WE COULDN’T HAVE DONE IT WITHOUT YOU For 85 years, we’ve followed our mission of serving as a trusted advocate and improving the quality of life for the Los Angeles law enforcement community. Your trust and faith in LAPFCU enabled us to grow, and to evolve in the ways we pursue that mission.

already reside within adjacent counties, so we know we can serve people in these communities without impacting the quality of the service we provide.

We want to be very clear: our focus remains the same.

Our membership will still be exclusively limited to active duty sworn peace officers, retired peace officers, active duty and retired civilian law enforcement employees, volunteers, and immediate family members.

Our teams will still be there to visit you on site, and to sponsor and support the things that matter to you most.

Moreover, you will continue to receive the same warm, dependable, personal service that you deserve and expect from us.

What started with humble beginnings – with a handful of officers taking up a collection of funds during the Great Depression – has blossomed into a robust, fullservice credit union. Due to support and participation from members like you, today we are now nearly 42,000 members strong. With $1.3 billion in assets, we have the size and strength to take our mission to new heights.

Members can now conveniently bank with us in several ways, anytime, anywhere. Whether it’s in person in one of our branches, through our nationwide network of shared branches and ATMs, over the phone, by virtual appointment, through online banking, or through our mobile app, we’re here for you. And, with the investments we’re making in technology, soon we’ll be able to improve upon the options we have today, while offering you even more. We’re confident we’ll meet the current and future needs of today’s members as well as the needs of members from new surrounding areas.

Because of our exclusive focus, a guiding Board of Directors consisting of law enforcement professionals, and unique services designed specifically for law enforcement, we have the experience and capability to help our members in ways that ordinary banks simply can’t.

That’s why we’re extremely excited to announce we’ve made a change so that we can offer our services to a larger segment of the law enforcement population.

Now, LAPFCU serves Los Angeles, Orange, Riverside, San Bernardino, and Ventura counties.

We sincerely thank you for your continued support and loyalty. Because of members like you, we’re able to make this milestone move and further our mission of being a trusted partner for the law enforcement community by expertly meeting its financial needs.

While expanding beyond Los Angeles County is an important step, we know that with your help, it will be the first of many on the pathway of helping to improve your quality of life and financial wellbeing.

The timing is right for us to expand our support for the law enforcement community beyond Los Angeles County. With everything law enforcement households have endured in recent years, more than ever they need the assistance of organizations like ours. Extending our footprint into these neighboring counties is a logical next step for advancing our mission so that we can help a greater number of people. A third of our members

“ Now, LAPFCU serves Los Angeles,

Orange, Riverside, San Bernardino, and Ventura counties.

”

ANDRE PLUMMER | CHAIR

EDWIN W. HADA | PRESIDENT/CEO

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ANNUAL MEETING NOTICE All members are invited to attend our Annual Meeting on Wednesday, January 26, 2022 at 1:30 p.m. at the Van Nuys branch.

Please check lapfcu.org for any changes.

ANNUAL INSURANCE CHECK UP WITH A TRUSTED EXPERT

STAY THE COURSE TO FINANCIAL SUCCESS Begin 2022 with a fresh understanding of your finances and what you want to achieve for the year.

Whether you’re just starting to plan for the future or you need advice to help keep you on track, a financial advisor can answer all your questions, guide you, and make the financial planning process a lot less stressful.

Have you recently moved, added a new member to the family, or bought a new ride? Many changes can happen unexpectedly over the span of 12 months. Whether you experienced changes in environment, situations, or needs, the beginning of the year is an ideal time to review your insurance coverage with a professional. You could be overpaying or even paying for coverage you don’t need. An expert eye will help you sort out the fine print and give you peace of mind.

Chris Ellis, of CUSO Financial Services, L.P.1, is our in-branch Financial Advisor who can help you create objectives, formulate investment strategies, potentially save money on taxes, and create a customized plan to help you accomplish your financial goals.

For over 20 years, LAPCUSO Insurance Services1 has helped thousands of LAPFCU members navigate insurance options for auto, home, life, business, and more. LAPCUSO will save you time by doing all the legwork for you. They’ll take the time to understand and evaluate your needs and provide a custom plan that clearly explains your best options from the most reputable insurers.

Chris specializes in: n n n

For a free, no-obligation review, call our in-house insurance specialist today! Make sure to ask about exclusive LAPFCU member discounts.2

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Retirement planning Deferred compensation DROP rollover options Asset diversification Planning for unexpected expenses College savings plans Tax-friendly strategies Municipal funds, bonds, and annuities

For a complimentary, no obligation consultation, contact Chris Ellis at (818) 464-2070 or cellis.cfsinvest@lapfcu.org.

MARIA ASCENCIO

LAPCUSO INSURANCE SPECIALIST (818) 373-8384 CUSO@BISINS.COM

*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.

Insurance services provided by Bichlmeier Insurance Services, Inc., California license #OB26427. Insurance products offered are not sold or guaranteed by LAPFCU. They are not deposits, are not federally insured, are not protected by the NCUA and may be subject to risk. Any insurance required as a condition of an extension of credit by LAPFCU need not be purchased from the Credit Union and may be purchased from an agent or an insurance company of the member’s choice. Business conducted with Bichlmeier Insurance Services, Inc. is separate and distinct from any business conducted with LAPFCU. 2Restrictions apply, ask for complete details.

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H O L I D AY CLOSURE

Branches are closed Monday, January 17 for Martin Luther King Jr. Day

Please use the LAPFCU app or online banking. For 24/7 assistance, call our Member Contact Center at (877) 695-2732.

PRODUCT HIGHLIGHTS All rates and terms are subject to change without notice. Additional terms and conditions may apply. Call (877) 695-2732 for details.

FREE WEBINAR:

IDENTITY THEFT AND FRAUD PREVENTION WEDNESDAY, FEBRUARY 16 6:00-7:00 P.M. PDT1 Experts will share important tips for avoiding scams, common dangerous scenarios to look out for, and ways to protect yourself if you’ve been a victim of identity theft.

To register, visit lapfcu.org/webinar or contact Daniel at (818) 779-3303 or dsaenz@lapfcu.org for assistance.

Los Angeles Police Federal Credit Union is a financial institution with over $1.3 billion in assets exclusively serving active and retired, sworn and civilian employees of Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties Law Enforcement, their families and select police-related groups.

SAVINGS RATES EFFECTIVE DECEMBER 20, 2021 Regular Share Certificates 1-Year Certificate.................................... 0.40% APY***^ 3-Year Certificate.................................... 0.50% APY***^

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

LOAN RATES EFFECTIVE DECEMBER 20, 2021 Mortgage Rates 30 Year Fixed†....... .3.000% / 3.024% APR* | Zero Points 15 Year Fixed ......... 2.375% / 2.419% APR* | Zero Points Auto Loans New Auto / Used Auto............ as low as 1.99% fixed APR**

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*APR = Annual Percentage Rate. **APR = Annual Percentage Rate. Effective December 20, 2021. To qualify for 1.990% Fixed APR requires FICO score of 800 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 (Member must apply online, participate in automatic payment program and qualify for Member Benefits program at time of funding). Go to https://lapfcu.org/member-benefits/ for complete details. Only on a new or used auto loan for a 36-month term. May not be used to refinance an existing LAPFCU vehicle loan. All rates, terms, and promotional offers are subject to change without notice. Cannot be combined with any other offer.

Restrictions may apply, ask for complete details. †3.000% / 3.024% APR as of December 20, 2021. Payment example: A 30 year fixed rate mortgage with a loan amount of $500,000 and no points would result in monthly payments of $2,108.02. Monthly payment excludes tax and insurance. All rates subject to change without notice. Fees run 1-1.5% of loan amount financed.

Restrictions apply, ask for complete details. ***APY = Annual Percentage Yield. Minimum opening deposit for a regular share certificate is $500. An early withdrawal penalty may apply. ^Member Benefits program rate. Member Benefits is available to all LAPFCU members in good standing who qualify. Member must fulfill Member Benefit Program requirements in order to receive incentives. Program subject to change or cancellation at any time and restrictions may apply. Ask for details. More information available at lapfcu.org/memberbenefits. The following loan types are excluded from Member Benefits rate reductions: Real estate loans, mobile home loans, unsecured lines of credit, credit cards, share loans and share certificate loans.

(877) 695-2732 • lapfcu.org

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RETURN SERVICE REQUESTED P.O. Box 10188 Van Nuys, CA 91410-0188 PRESORTED STANDARD U.S. POSTAGE PAID LOS ANGELES, CA PERMIT NO. 896