FIRST-CLASS Los Angeles Police Federal Credit Union
LOS ANGELES, CA
P.O. Box 10188 PERMIT NO. 896
Van Nuys, CA 91410-0188 Fall 2008
Got Questions? ASK LAPFCU EZ-Deposits
Get your questions* answered • Can’t find your answer, ask it Home
through Los Angeles Police Federal and we’ll email your answer+ and
Credit Union’s (LAPFCU) compre- post it in ASK LAPFCU for future
hensive online search tool, ASK use 3
LAPFCU, and enter for a chance to Los Angeles Police
win a $50 gas card**. Get answers today! Log onto www. Federal Credit Union
lapfcu.org and ask your question. LAPCUSO
• Instantly find answers to fre- Offers Lower • Great Rates & No Maintenance Fees
quently asked questions MBP Rates • Stable, Safe and Secure
• Great Products Tailored to Your Needs
Please do not ask questions on individual accounts or include any personal information (i.e. member 4 • We Share Profits with Our Members
numbers, etc.). **All entries must be received between 9/1/2008-11/30/2008. A $50 gas card will be • We Love Our Members
given to one winner each month from 9/1/2008-11/30/2008. Any eligible member 18 years of age or
older may enter. Odds of winning are 1 of 41,344. No purchase necessary. Prizes will be awarded
10/3/2008, 11/3/2008 and 12/3/2008. +All questions are answered during business hours.
Got Questions? Bank
• High Loan Rates, Excessive Fees
ATM THEFT Warning!!!
• Some are Sound. Some, Well...
• The Product of the Month
5 • We Share Profits with Our Stockholders
LAPFCU warns ATM users to exer- The victim eventually leaves and to you visit www.lapfcu.org or call • We Love Our Stockholders
cise caution as ATM theft is some- the scammer is able to remove the 877-MY-LAPFCU (877-695-2732).
thing that can be prevented. In re- card and use it to get cash as he
cent scams, a plastic sleeve or film now has the PIN number. In other
Balance Sheet With so much more to offer, why would you consider anywhere else?
is placed in the card slot to detain
cards once the victim inserts their
cases, the victim saw a notice either
posted or on the screen prompting
LAPFCU Board Elections Near
card. The victim panics when they them to input their password and As of September 2007 The benefits of a Los Angeles Police $250,000, per qualifying ac- loved ones signed-up today!
are unable to get their card and all this is done as the scammer If you wish to be considered in the the Annual Meeting on Wednesday, (Unaudited) Federal Credit Union (LAPFCU) mem- count through the National
along comes the “helpful” scam- watches from behind. upcoming LAPFCU election, nomina- January 28, 2009. Assets $654,752,000 bership outweigh those of other fi- Credit Union Administration In November and December, when
mer. The scammer instructs the tions may be made by petition. You Loans $447,574,000 nancial institutions. And, since we (NCUA). you refer an eligible family mem-
victim to enter her/his PIN number Please use the following precautions may pick up a petitioner package at For additional information, call 877- Capital Reserves $ 90,207,000 are a not-for-profit, we always put • We provide you with free ad- ber who joins LAPFCU, you can
and hit cancel to receive the card. when using an ATM: any LAPFCU branch beginning Octo- MY-LAPFCU (877-695-2732). Total Shares $563,416,000 our member-owners first. ditional $250,000 in excess designate a $5 donation in their
The scammer will encourage this ber 1, 2008. Requirements include Members 44,181 insurance coverage, per quali- name to one of our partner LAPD
instruction until the PIN number • Always shield your PIN from a petition signed by 1% (413) of This is why you should encourage fying account through American organizations:
has been memorized. others. the membership, along with a brief your family members and partners Share Insurance (ASI).
• Don’t use an ATM if people are biography of yourself, (125 words As of September 2008 to join. • Multiple accounts can be struc- • Los Angeles Police Historical
in close range and refuse to max.). (Unaudited) tured to provide coverage up Society
move. Assets $681,043,000 Great Solutions, Service & Safety to $700,000 per relationship • Los Angeles Police Protective
• If you encounter a problem at The deadline for submitting peti- Loans $470,219,000 or more. League
the ATM never ask for advice tions is by 4:00 P.M. on Monday, Capital Reserves $ 94,537,000 LAPFCU provides all the great • Los Angeles Police Revolver and
from strangers, instead report it November 3, 2008. Total Shares $587,120,000 products and quality service you Athletic Club
to your financial institution im- Members 41,434 and your family requires, as well At LAPFCU, you can count on • Los Angeles Police Memorial
mediately. Election results will be announced at as the safety and security you us – we’ve been safe since Foundation
• Before inserting your card, run need in today’s tough financial cli- we were founded in 1936. • Los Angeles Police Foundation
your fingers along the slot to mate.
see if there are prongs or any
other loose material. If so re- Holiday Closings At LAPFCU, you can count on us Give the Gift of Membership &
They can sign-up online at www.
lapfcu.org, call 877-MY-LAPFCU
port it immediately. – we’ve been safe since we were Our Partners Benefit Too (877-695-2732) or you can visit
• Veteran’s Day – Tuesday, November 11 • Christmas – Thursday & Friday, December 25-26 founded in 1936. any branch lobby and complete a
LAPFCU safe ATMs are available in • Thanksgiving – Thursday & Friday, November 27-28 • New Years Day – Tuesday, January 1, 2009 The holidays are a great time to referral form.
all LAPD stations. To find one close • Federally insured up to show how much you care – get your
5 6 www.lapfcu.org 877-MY-LAPFCU (877-695-2732)
Los Angeles Police Federal Credit Union
is a financial institution with over $695
million in assets exclusively serving
active and retired, sworn and civilian
employees of the LAPD and their im-
mediate families since 1936.
24/7 Member Service Call Center
877-MY-LAPFCU (877-695-2732) Chairman and Keep Your Assets Safe – Avoid Account Inactivity Fraud Prevention Website:
President’s Letter “LooksTooGoodToBeTrue.com”
For account inquires or access:
• Visit PATROL at www.lapfcu.org If you have a safe deposit box, stocks LAPFCU suggests that in order to pre-
• Call Code 3 Automated Telephone or have set aside untouched money vent the state from claiming your as-
Banking at 877-MY-LAPFCU, Press 2 Safety, security and soundness. for long-term goals, such as college sets: If you want to get the low down on • And more...
To apply for a loan:
expenses or retirement, you may fraud prevention, visit www.Look- Great news for those interested in
• Visit CUFFS at www.lapfcu.org On paper these words seem so sim- Tyler E. Izen Mike Padgett want to check to see if your assets • Deposit to or withdraw from your sTooGoodToBeTrue.com, built and To learn more, visit www.lookstoo- Mechanical Breakdown Protection
• Call our 24-7 Lending Center at 877- ple to understand and attain. But, still exist. account at least once a year developed by a joint federal law en- goodtobetrue.com. (MBP) – fees have gone down and
MY-LAPFCU, Press 3 for anyone who has followed the union. So, we’re in good shape to • Visit your safe deposit box annu- forcement and industry task force to coverage terms have increased.
Branch Hours and Lobby Hours news as of late, these concepts can weather any storm. Under most state laws, your as- ally educate consumers on fraud. There Also, under old guidelines, cover-
Van Nuys Branch (Main Office) appear out-of-reach, elusive, even sets can be turned over to the state • Check the State Controller’s un- you’ll find helpful resources such as: age started when you bought a
Communications Center unattainable. And, when you conduct your busi- if your account is inactive, meaning claimed property data base for vehicle, now coverage starts the
16150 Sherman Way ness with LAPFCU, you too can bet- you haven’t initiated a transaction any states you have resided. day you purchase MBP.
• Types of fraud – Did you know
Van Nuys, CA 91406
7:15 am to 6:00 pm, M, W, F …Unless you conduct your business ter weather the storm. or communicated with the financial (California data base - http:// besides online fraud there is phar-
7:45 am to 4:00 pm, Tu, Th with LAPFCU. institution within a period of one to scoweb.sco.ca.gov) macy fraud and lottery scams? So, if you are shopping for a ve-
At LAPFCU, your savings are in- five years. Firms that turn over as- • Victim stories – Anyone can fall hicle, check out the new rates and
While we daily see the headlines of sured up to $100,000 per qualify- sets (eg. banks, brokerages, mutual If your bank no longer exists, don’t victim to a fraud scheme; hear coverages when talking to your
1880 N. Academy Dr.
Los Angeles, CA 90012 yet another bank on the verge of ing account by the NCUA through funds, insurance companies, etc.) are assume you can’t claim your funds. what the victims have to say. LAPFCU loan officer about a car
7:45 am to 4:00 pm, M – F failure, things are pretty calm here. the National Credit Union Share In- required to contact property owners Your account may have been trans- • Teen Center – Parents and teens loan. Compared to dealers offer-
We’ve been talking with a lot of surance Fund (NCUSIF). NCUSIF is before this happens but many prop- ferred to a new bank or you may be be aware of the dangers lurking ings, you save a lot.
3650 Martin Luther King Jr. Blvd.,
members, discussing their options backed by the full-faith and credit erty owners are never notified. able to collect insurance proceeds. on the internet.
Los Angeles, CA 90008 in these tough times, working with of the United States Government. Choose your Credit Union’s much
8:15 am to 4:30 pm, M – F them to address their short- and more affordable options. To be-
long-term needs. That’s what we’re
In addition to the NCUA Federal
Insurance, we additionally provide
Now You Can Make Deposits Entertainment Books Are Here come a part of the LAPCUSO insur-
ance family, call Maria Ascencio
5651 West Manchester Ave.,
Los Angeles, CA 90045
7:45 am to 4:00 pm, M – F As we’re a member-owned, not-
our members with American Share
Insurance (ASI), which insures bal-
From Home Using EZ-Deposits Save up to 50% on restaurants, trav- profit on each book to the Children’s
at 877-MYLAPFCU (877-695-2732)
press 7, or fax your current policy
for-profit organization, we’ve been ances in excess of $100,000, up to el, hotels, attractions and more with Miracle Network (CMN), a non-profit to her at 818-373-8388. LAPCUSO
G. Michael Padgett, President/CEO conservative the past few years. an additional $250,000, per quali- Have you used our new convenient • Enter your check deposit infor- the purchase a
of 2009 Entertainment organization dedicated to helping kids will analyze your coverages, compa-
Carol Martin, Sr. VP, While many of our peers offered fying account. Plus, multiple ac- check depositing service – EZ-Deposit? mation Book. LAPFCU donates the entire by raising funds for 170 children’s nies and costs. If what you currently
Operations & Member Relations sub prime, Pay Option adjustable counts can be structured to provide All you need is a computer and you • Mail your check(s) deposit to hospitals across North America. have is the best available, they will
Ed Hada, Sr. VP, rate mortgages and the like, we additional coverage up to $700,000 can deposit your check(s) to your LAPFCU in our postage paid en- advise to keep what you have. If
Finance & Administration/CFO
maintained sound lending practices per relationship. If you would like LAPFCU account(s) without ever hav- velope within 10 calendar days*. To purchase your 2009 Entertainment something better is available, we
All inquiries or comments regarding this and underwriting guidelines and more information about maximiz- ing to visit a branch. Book, stop by any LAPFCU branch* or will give you all the alternatives.
newsletter should be addressed to the only made loans to members who ing the insurance on your accounts, • Save time, gas & money purchase online at www.entertain-
Marketing Department at marketing@
could afford them. please call 877-MY-LAPFCU (877- • Deposit online through PATROL “Learn How to Use EZ-Deposit, ment.com/support and enter codes: Insurance trends & tips:
695-2732) or click on the NCUA and anytime of day or night the Coffee’s On Us” – Visit any Group Account Number – 627908, It’s a buyer’s market for insurance
All loans subject to approval of credit. We con- And, we’re still doing that today. ASI logos at lapfcu.org. • Deposit up to $10,000 and receive of our branches for an online Seller Number - 627908. Books are products and there are all kinds of
duct business in accordance with the Federal Why? You see, when our peers were immediate credit up to $2,500* demonstration and we’ll as low as $20. marketing schemes out there to get
Fair Housing Law and the Equal Credit Oppor-
tunity Act. All rates are subject to change.
chasing anyone on the street who As the year draws near an end, • No need to switch financial insti- give you a $5 Starbucks your attention. So LAPCUSO warns
could provide a W-2 form, we only many are beginning to ask: “What Books are available in LAPFCU branches while sup- to be careful and take in all infor-
tutions if you are moving to an- Card+. plies last, or you may purchase editions online.
made loans to people like you, your does the future hold?” Although we other area or out of state – just mation when considering a source.
families and your LAPD peers. Your can’t make predictions, “diversify” do it from home. With over 45 years of experience in
attention to fulfilling your financial seems to be a common mantra, as the insurance business and having
Notice: Access More
It’s that EZ so don’t delay, enroll
obligations has made it possible for well the continued need to look for Making a deposit is EZ, simply: today! For more information call established long-term relationships
us to stay in fiscally sound shape. financial institutions that can pro- • Log onto PATROL Online Home 877-MY-LAPFCU (877-695-2732) or with many in the industry, LAPCU-
As a result, we still have nearly
vide safety and security. Banking visit www.lapfcu.org. E-Statements Online SO can help you decipher what’s
real or not. For more information,
double the capital of what our fed- So, if your finances need further *
Deposit(s) must be received by LAPFCU within ten (10) calendar days, beginning the day the deposit is made. Envelopes containing the deposit may be dropped off at an Members can now view up to 18 al computer. Check it out, log onto contact Jerry Bichlmeier, at 800-
eral regulator, the NCUA (National diversification, please contact your LAPFCU branch or mailed to LAPFCU, P.O. Box 10188, Van Nuys, CA 91410-0188. The deposit cannot be dropped off at a shared branch. If the deposit is not received by months worth of their monthly e- PATROL at www.lapfcu.org. And if 888-7187 ext 233.
the end of the 10th day, any funds made available through an EZ-Deposit may be reversed and overdraft fees may apply. For a list of fees and charges that may apply to
Credit Union Association), stipu- Credit Union to see how we can your LAPFCU accounts see LAPFCU’s Schedule of Fees and Charges. Funds deposited up to $2,500 are available for immediate withdrawal. Deposit up to 10 checks for up statements. Plus, you can down- you haven’t signed up for e-state-
lates for a “well-capitalized” credit help. to $10,000. Once deposited items are received and reviewed, holds may be placed in accordance with LAPFCU’s Funds Availability policy. +Only available while supplies last. load your statement to your person- ments, do it today and go green!
Federally insured by the NCUA
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