S U M M E R 2 0 0 9
Just Give Us the “Sign” When
You Swipe Your Debit Card
You Could WIN Your Purchase FREE!
Three Members Have Already Won and YOU Could be Next!
The best way to pay by check
has gotten even better! Now through
September 30, 2009, you could win your
purchase for FREE just by using your
Credit Union Debit Card (check card)
and choosing the “CREDIT” option.
That’s right. It’s as simple as
swiping your debit card at the store,
the market or restaurant and signing
the slip. Once a week, we are
holding a drawing for one lucky
transaction. And that purchase
will be paid in full…up to $500!
As of this writing, winners are:
Rudy B. — with a “swipe & sign”
at Clearman’s North Woods Inn
for $64.61
Iran L. — with a “swipe & sign” at Vons for $121.32
Armando C. — with a “swipe & sign” at IN-N-OUT Burger for $19.27
It Always Pays to Sign on the Line
We’re holding this promotion to call your attention to the fact
that your Debit Card gives you many ways to save when you sign
for your purchase. Of course, you’ll
save time and paper by not having to
write a check; and money by not
having to reorder checks as often.
But by choosing the credit option
on your debit card, you’ll also
save worry.
With VISA’s zero liability
policy, you’re covered if your
card is lost or stolen — you’ll
pay nothing for any unauthorized
purchases. This coverage is only
available for credit (signature-based)
transactions, not PIN-based transactions.
In addition, you’ll avoid any potential
merchant ATM fees when you use your Debit Card with the
“credit” option. Plus, your purchase will not count toward your
daily ATM limit — so you can purchase merchandise up to your
available checking account balance.
And, of course, you can use your Debit Card wherever VISA
is accepted. It’s fast. It’s free. And imagine the fun if you win
your purchase for free!
Are You Paying Too Much for
Insurance on Your Home or Car?
You could probably get a better deal on your insurance
coverage...if you knew where to look, and if you had enough time
to investigate. Now, these obstacles are no longer in your way.
Thanks to our partnership with California Insurance
Specialists (CIS), you can receive insurance quotes from a
wide variety of leading insurance carriers…with a single
phone call or online request. There’s NO hassle, NO cost, and
NO obligation. Now that’s easy.
Getting a quote from CIS is fast and convenient, too. Just
answer a few questions either by phone or online, and you can
receive free quotes on Auto and/or Homeowners insurance, as well
as additional insurance coverage for: Boats • RV-Motorhomes •
Condominiums • Mobile homes • Renters • Flood • and
Umbrella Policies.
Randy Parker, Senior Vice President of CIS, says, “We continue
to track member savings on new policy sales and are pleased to
report during the month of May members saved an average of
$262.24 over the cost of their previous insurance policy.”
Holiday Closing
In today’s economy,
even a small savings in
insurance costs can help
balance a family budget.
So, whether you’re buying
a new car or home, or
simply want to see how
your present policy stacks
up to others, now’s the time to call on CIS.
You can find a direct link to California Insurance Specialists
at www.lafinancial.org by choosing the “Financial Products” tab
and scrolling down to “Insurance.” Or, if you prefer to speak with
one of their friendly and knowledgeable licensed insurance
specialists in person, you can call them at 1-888-831-0247,
Monday–Friday, 8:00 a.m.–5:00 p.m.
Auto and homeowners insurance is provided by California Insurance Specialists. Auto and
homeowners insurance is not an obligation of LA Financial Credit Union or guaranteed by LA
Financial Credit Union. Any disputes or claims regarding auto and homeowners insurance
policies must be resolved between the policy holder and California Insurance Specialists.
All offices will be closed in observance of Labor Day, Monday, September 7.
Rates as Low as
5.00 %
APR
“Smart” Deals on Wheels!
Our USED Vehicle Loan Rates are Now as Low as NEW!
Car buyers no longer have to
choose between getting a great loan
rate on a new car or a great price on a
pre-owned vehicle. Now, you can have both
at your Credit Union.
Effective immediately, you’ll enjoy the same outstanding rates
on both our New and Used Vehicle Loans. This applies to autos,
light trucks and motorcycles — from 2002 to the current model year.
And just how outstanding is that? Here are the facts: You’ll
enjoy discounted rates as low as 5.00% APR with a 5-year term
(discounted rates include a .25% reduction for automatic payment
and another .25% reduction for Direct Deposit/Payroll Deduction).
That’s just $18.87 a month per $1,000 borrowed. Still lower rates
are available with shorter terms; and slightly higher rates available
with longer terms…up to 7 years…for monthly payments as low as
$14.37 per $1,000 with those 7-year terms.
Better still, these loans are available with financing that not
only covers the full purchase price, but tax, license, and all the
bells and whistles! New Vehicle Loans offer up to 120% LTV; and
Used Vehicle Loans offer up to 110% LTV. So, you don’t even need a
down payment or a trade-in to
take advantage of these
low-cost loans.
Check out
our online Loan
Calculator to find
out exactly what
your monthly
payment would
be, then apply
online. It’s
that easy!
60-Month Terms
Minimum loan amount $2,500, APR = Annual Percentage Rate. Rate based on credit and year of vehicle. All rates 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 worthiness, term, and the amount financed. Rates and terms are subject to
change without notice. Offer can not be used to refinance any existing LA Financial auto loans. Rates do not apply to Boat, Watercraft and RV loans.
Change in Terms Notice
Schedule of Fee and Charges Account Agreement and Truth in Savings Disclosure
Effective August 15, 2009, our Schedule of Fees and Charges will be amended as follows:
FEE
CURRENT FEE NEW FEE
Membership Entrance Fee
$5
$0
Legal Documents Processing/Tax Levys (per document)
$25
$40
Domestic (within USA) Wire Transfer (per outgoing transfer)
$16
$25
International Wire Transfer (per outgoing transfer)
$30
$40
Check by Phone
$10
$12
All other fees will remain unchanged.
We have also modified our Ability to Withdraw Funds Disclosure in our Account
Agreement and Truth in Savings Disclosure. You can receive a copy of our Account
Agreement and Truth in Savings Disclosure (effective August 15, 2009) from any branch
or one will be mailed to you by calling 800.894.1200. You can also receive a copy from
our web page at http://www.lafinancial.org/lafcu/pdf/disclosure_tis.pdf.
Your Ability to Withdraw Funds
Our policy is to make funds from your cash and check deposits available to you on
the first business day after the day we receive your deposit. Electronic direct deposits will
be available on the day we receive the deposit. Once they are available, you can withdraw
the funds in cash and we will use the funds to pay checks that you have written.
For determining the availability of your deposits, every day is a business day, except
Saturdays, Sundays, and federal holidays. If you make a deposit before end of business on
a business day that we are open, we will consider that day to be the day of your deposit.
However, if you make a deposit after end of business or on a day we are not open,
we will consider that the deposit was made on the next business day we are open.
Longer Delays May Apply
In some cases, we will not make all of the funds that you deposit by check available
to you on the first business day after the day of your deposit. Depending on the type of check
that you deposit, funds may not be available until the fifth business day after the day of your
deposit. However the first $100 of your deposits will be available on the first business day.
If we are not going to make all of the funds from your deposit available on the first
business day, we will notify you at the time you make your deposit. We will also tell you
when the funds will be available. If your deposit is not made directly to one of our employees,
or if we decide to take this action after you have left the premises, we will mail you the
notice by the day after we receive your deposit.
If you will need the funds from a deposit right away, you should ask us when the
funds will be available.
In addition, funds you deposit by check may be delayed for a longer period under
the following circumstances:
• We believe a check you deposit will not be paid.
• You deposit checks totaling more than $5,000 on any one day.
• You redeposit a check that has been returned unpaid.
• You have overdrawn your account repeatedly in the last six months.
• There is an emergency, such as failure of computer or communications equipment.
We will notify you if we delay your ability to withdraw funds for any of these reasons,
and we will tell you when the funds will be available. They will generally be available no
later than the eleventh business day after the day of your deposit.
Special Rules for New Accounts
If you are a new customer, the following special rules will apply during the first 30
days your account is open.
Funds from electronic direct deposits to your account will be available on the day
we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5,000 of
a day’s total deposits of cashier’s, certified, teller’s, traveler’s, and federal, state and local
government checks will be available on the first business day after the day of your deposit
if the deposit meets certain conditions. For example, the checks must be payable to you
(and you may have to use a special deposit slip). The excess over $5,000 will be available
on the ninth business day after the day of your deposit. If your deposit of these checks
(other than a U.S. Treasury check) is not made in person to one of our employees, the first
$5,000 will not be available until the second business day after the day of your deposit.
Funds from all other check deposits will be available on the eleventh business day
after the day of your deposit.
Deposits at Automated Teller Machines that We Do Not
Own or Operate
Funds from any deposits (cash or checks) made at automated teller machines
(ATMs) we do not own or operate will not be available until the fifth business day after
the day of your deposit. This rule does not apply at ATMs that we own or operate. All
ATMs that we own or operate are identified as our machines.
Deposits at Shared Branch Locations and Automated
Teller Machines that We Own or Operate
Our policy is to delay the availability of funds from your cash and check deposits
made at Shared Branch locations and at ATM’s that we own or operate. During the delay,
you may not withdraw the funds in cash and we will not use the funds to pay checks that
you have written.
Determining the Availability of a Deposit
The length of the delay is counted in business days from the day of your deposit.
Every day is a business day except Saturdays, Sundays, and federal holidays. If you make
a deposit before 11:00 a.m. PST on a business day that we are open, we will consider that
day to be the day of your deposit. However, if you make a deposit after 11:00 a.m. PST or
on a day we are not open, we will consider that the deposit was made on the next business
day we are open. The length of the delay varies depending on the type of deposit and is
explained below.
Next-Day Availability
Funds from the following deposits are available on the first business day after the
day of your deposit:
• U.S. Treasury checks that are payable to you.
• Checks drawn on LA Financial Credit Union.
Other Check Deposits
The first $100 from a deposit of all other checks will be available on the first business
day after the day of your deposit. The remaining funds will be available on the second
business day after the day of your deposit.
Longer Delays May Apply
Funds you deposit by check may be delayed for a longer period under the following
circumstances:
• We believe a check you deposit will not be paid.
• You deposit checks totaling more than $5,000 on any one day.
• You redeposit a check that has been returned unpaid.
• You have overdrawn your account repeatedly in the last six months.
• There is an emergency, such as failure of computer or communications equipment.
We will notify you if we delay your ability to withdraw funds for any of these reasons,
and we will tell you when the funds will be available. They will generally be available no
later than the eleventh business day after the day of your deposit.
Special Rules For New Accounts
If you are a new customer, the following special rules will apply during the first 30
days your account is open.
Funds from deposits of cash, wire transfers, and the first $5,000 of a day’s total
deposits of cashier’s, certified, teller’s, traveler’s, and federal, state and local government
checks will be available on the first business day after the day of your deposit if the
deposit meets certain conditions. For example, the checks must be payable to you (and
you may have to use a special deposit slip). The excess over $5,000 will be available on the
ninth business day after the day of your deposit. If your deposit of these checks (other
than a U.S. Treasury check) is not made in person to one of our employees, the first $5,000
will not be available until the second business day after the day of your deposit.
Funds from all other check deposits will be available on the eleventh business day
after the day of your deposit.
•
•
Pasadena Branch 224 N. Fair Oaks Avenue • Pasadena, CA 91103-3641
Norwalk Branch 12251 Imperial Highway • Norwalk, CA 90650-8302
Los Angeles Branch 716 W. First Street • Los Angeles, CA 90012-2464
La Brea Branch 3717 S. La Brea Avenue, Ste. 104 • Los Angeles, CA 90016-5353
Telephones 800.894.1200 • TouchTeller 800.894.1200 or 626.440.1155
Web Site www.lafinancial.org
EQUAL HOUSING
LENDER
We do business in accordance with
The Federal Fair Housing Law and
The Equal Credit Opportunity Act.
Any policies and/or rates stated herein
are those in effect on the date of publication and are subject to change without notice.