Helping your business is our business. That’s why we provide a variety of checking, credit, loans and savings options for our members who run their own businesses. We also provide a convenient business directory to refer members of the Los Angeles law enforcement community to member-owned and operated businesses.
We offer two checking solutions: Basic Business Checking1 for those who conduct fewer checking transactions per month, and the dividend-bearing Business Builder Checking1 account, which rewards you for your relationship.
Both checking accounts come with free online banking, phone banking and our Business MasterCard® Debit Card that gives you access to thousands of CO-OP Network®, Star®, or Plus® ATMs nationwide and at every LAPD Division.
Please call 877-MY-LAPFCU (877-695-2732) for current business services deposit and loan rates.
Business Platinum Rewards Visa® Card
Transfer your other card balances for FREE and get the credit card that provides you with the flexibility your business needs. With LAPFCU’s Platinum Rewards Visa® Card, you can choose your billing cycle, designate multiple signers and personalize cards with individual limits for each of your employees. And with each qualified purchase, you’ll earn Rewards Points2 you can use for your small business needs—office supplies, computers, printers, as well as cash back rebates and more! Apply Now!
- Up to $100,000 total credit line available
- 0.00% introductory APR for six months3
- $25 annual fee waived first year
- $1 million in Travel Accident Insurance4
LAPFCU’s business loans and lines of credit feature competitive rates and offer a variety of options to help you get what your business needs. Apply Now!
|LOAN TYPE||Revolving Line of Credit||Business Vehicle||Commercial Real Estate||Equipment|
|Rate||Variable5||Fixed or Variable5||Fixed rates up to 3 years, then re-priced every 3 years||Fixed rates|
|Term||One year||Maximum = 60 months||Maximum term – 15 years,amortized over 30 years6||Useful life of asset/collateral not to exceed 5 years7|
|Details||Great for short-terms needs or seasonal investments||Financing up to 100% on single vehicles; up to 80% on 2 or more at once||Financing up to 80% loan-to-value; Owner- or non-owner occupied||Financing up to 75% loan-to-value|
|Points||1 point at origination||0 points||1 point at origination||1 point at origination|
Saving for the future is key to the success of any business. That’s why we offer Business Share Savings Accounts and Business Share Certificates:
Business Share Savings Accounts
Like our personal share savings accounts, our Business Share Savings Accounts can be opened for only $5 and provide competitive dividend rates, no term requirements and access to thousands of CO-OP Network®, Star®, or Plus® ATMs nationwide and at every LAPD Division.
Business Share Certificates8
LAPFCU’s Share Certificates provide your business with a safe way to save. You can lock in rates for three months to two years with a minimum deposit of just $1,000. Choose the term that fits your business and cash flow needs and enjoy high dividend rates that compound monthly, as well as no processing, account maintenance or rollover fees!
- Regular Certificate — $1,000 minimum deposit
- Jumbo Certificate — $50,000 minimum deposit
- Super Jumbo Certificate — $100,000 minimum deposit
1Requires minimum opening deposit of $25. 2https://www.scorecardrewards.com/general_logon.asp 3APR = Annual Percentage Rate. APR effective November 1, 2016. 0.00% introductory APR will continue for six months. After that the APR as of November 1, 2016 is 11.00% to 17.90% based on your creditworthiness. This APR will vary with the market based on the Prime Rate. Rates are subject to change. 4http://usa.visa.com/business/why-pay-with-visa/travel-benefits/bft-trav-ins.html http://usa.visa.com/business/why-pay-with-visa/travel-benefits/bft-auto-rental.html 5Rates may increase/decrease during the loan term. 6Payment Example (Rate effective January 5, 2107): A 15-year loan for $300,000 amortized over 30 years at 5.00% fixed APR will have 180 monthly payments of $1,612.92 (principal and interest).7Payment Example (Rate effective November 1, 2016): New Equipment Loan: A $5,000, 5-year fixed rate loan at 7.25% APR will have 60 monthly payments of $99.62 or $19.93 per $1,000. 8Early withdrawal penalty may apply. As a member of Los Angeles Police Federal Credit Union, you may be aware that we have a closed field of membership, so when considering if we’re the best fit for your business, it is important to note that if your business is co-owned, all persons owning part of the business must fall within our field of membership. Ask us for further details.