Nexus Newsletter

We invite you to view the current issue of "Nexus", our member newsletter.

July 2008 (pdf format)

• Volunteer to serve on our new Membership Committee
• Traveling Out of the Country? Obtain Foreign Currency Quickly and Easily
• LFCU Member is Olympics Bound!
• Beat the Heat with a Cool $10,000
• Find a Surcharge-Free ATM Near You

Take Another Look at Lafayette’s Equity Builder Mortgage Loan

These days, when you’re talking about first trust mortgage loans, the term “ARM Loan” is nearly considered a dirty word — and in many instances that’s understandable. However, LFCU’s Equity Builder ARM has always been and remains a terrific value for our membership. The difference really is in the details…see for yourself:

• Every Equity Builder mortgage loan rate uses LFCU’s internal cost of funds as its index (rather than LIBOR or U. S.Treasury rates as an index).This means that, historically, our cost of funds index has been at a lower rate and more stable than traditional ARM loan indexes.
• LFCU customizes each member’s rate to their personal financial situation to give the member greater flexibility in determining their rate — and to ensure that we can give each member a low, fair rate.
• Our Equity Builder loan offers bi-weekly payments, which helps members build equity faster and reduce the interest paid over the life of the loan.
• Financing up to $2 million is available.
• There are no origination fees.
• Full-term interest-only options are available.
• No closing cost options are available.
• Modifications are available.
• 1-, 3- and 5-year adjustment periods are available.
• Interest rate adjustments are capped at each adjustment period.