The average LA
Financial member earns a financial benefit of $77 per year (and the average
household, $146) for doing business with LA Financial Credit Union – compared
to doing business with a bank, according to a national economic study prepared by the Credit Union National Association (CUNA).
These numbers
represent the total benefits we provided divided across all members – even
those who conduct very little business with LA Financial.
Loyal High-Users are saving substantially more
with these products:
·
new and used car loans
·
fixed rate or
adjustable rate first mortgages
·
home equity loans
·
VISA credit cards
·
checking accounts
And, LA Financial pays
its members higher dividends on savings, Certificates and IRAs and an exceptionally
higher rate of 2% APY on Kasasa Cash Checking Account*.
Datatrac is an independent, unbiased
research firm that has monitored deposit and loan rates, fees and product
features for over 25 years on more than 166,696 financial institutions
locations in America. Datatrac Great Rate Awards certify that deposit and
loan rates outperform the market average for comparable products. www.datatrac.net
1.
$912 is the difference
between the amount paid in interest between LA Financial Federal Credit Union's
rate at 1.90% APR compared
to 3.28% APR for
the Los Angeles Metro market average over the life of a $25,000 auto loan over
60 months. At 1.90% APR, your monthly payments are just $17.50 per
$1,000 borrowed for 60 months. Discounted
rate includes 0.50% reduction for checking account with Direct Deposit -OR-
0.25% reduction for automatic payment & 0.25% reduction for Direct
Deposit/Payroll Deduction (maximum 0.50% total rate discount per loan). 100%
Loan-to-Value on all cash-out refinances. Maximum mileage All rates are
quoted on approved credit as Annual Percentage Rates (APRs). Some restrictions
may apply. Loan approval subject to
credit and income evaluation. Consumer loan rates may vary depending on credit
profile, term, mileage, and the amount financed. Rates and terms are subject to
change without notice.
Qualifying member
may select to defer their first payment for up to 90 days from the loan funding
date. Interest will accrue during deferral period. Minimum FICO score 650.
Subject to credit approval. Cannot be
combined with other offers.
2. Datatrac’s
comprehensive, unbiased research and analysis is updated each business day and
is conducted independent of any financial institution. There is no
guarantee that you will receive the rates or terms displayed herein. Actual
rates and terms are in the full discretion of the financial institution and may
be subject to your credit rating and other factors. Please contact LA Financial
Federal Credit Union directly with any questions regarding their current rates
and terms.
*Kasasa
Cash APY = Annual Percentage Yield.
APY's accurate as of 06/02/2014. Rates may change after account is opened.
Minimum to open is $25.00. If qualifications are met each monthly qualification
cycle: (1) domestic ATM fees incurred during qualification cycle will be reimbursed
up to $20.00 and credit to account on the last day of monthly statement cycle;
(2) balances up to $10,000 receive APY of 2.00%; and (3) balances over $10,000
earn 0.05% dividend rate on portion of balance over $10,000, resulting in
2.00%-0.23% APY depending on the balance. If qualifications are not met, all
balances earn 0.01% APY. Qualifying transactions must post to and settle
account during monthly qualification cycle. Accounts closed mid-cycle before
dividends are posted will not receive accrued dividends. Transactions may take
one or more banking days from the date transaction was made to post to and
settle an account. ATM-processed transactions do not count towards qualifying
debit card transactions. "Monthly Qualification Cycle" means a period
beginning one day prior to the first day of the current statement cycle through
one day prior to the close of the current statement cycle. ATM receipt must be
presented for reimbursement of an individual ATM fee of $5.00 or higher. Limit
one account per SSN. Transfers between accounts do not count as qualifying
transactions.
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