June 2020 – LAFCU Blog

June 25, 2020July 6, 2020

2020 LAFCU Scholarship Winners Honored

Los Angeles Federal Credit Union (LAFCU) recently awarded $11,000 in its 2020 Jack C. Mathews College Scholarship competition. The winners included two high school & three college students pursuing higher…Continue Reading …

June 11, 2020June 25, 2020

Interest-Deferred Emergency Loan Still Available

If you’re still experiencing a financial hardship, we are offering an interest-deferred emergency loan* that may help. You can borrow up to $5,000 in funds to pay off bills or…Continue Reading …

Skip-A-Payment:

• Consumer Loan Skip-A-Payment

• Visa Skip-A-Payment

Apply for a Debt Consolidation Loan
Combine your higher-rate loan payments with other lenders into one low payment at LAFCU. Choose “Debt Consolidation” from the “Select a purpose” list.

Apply to Defer Loan Payments
Defer payment on your loans. There are no fees for this service or negative reporting on your credit report. By clicking Apply to Defer Loan Payments then filling out and submitting the temporary hardship form, you authorize LAFCU to pull your credit report for loan deferment purposes.

Apply for an Emergency loan
Personal Unsecured loan up to $5,000. Choose “Emergency” from the “Select a purpose” list.

Apply for a Savings-Secured Loan
Borrow funds up to the amount you have on deposit in your Savings or Share-Certificate account. Select “Other” from the “Select a purpose” list.

Visa® Credit Card minimum payment reduced to 2% of balance owed from 1/1/21 to 6/30/21 (paying more than the monthly minimum will reduce the balance faster, and finance charges will continue to accrue).