As a benefit of credit union membership, Lafayette Federal focuses on the financial needs of our members and we are prepared to provide financial assistance to those who are affected by the Federal government shutdown. Lafayette Federal will offer members of the credit union the following assistance programs:Paycheck Replacement Loan
*Member may borrow up to 20% of their annual salary with a maximum of $35,000. $50.00 minimum balance required to open and earn 0.10% APY on LFCU share savings account balances. $5.00 minimum balance required to open and earn 0.025% APY on LFCU checking account balances. APY = Annual Percentage Yield. Rates effective January 1, 2019. All loan programs, rates, terms and conditions subject to change without notice. Qualification is based on an assessment of individual creditworthiness and our underwriting standards. **The lower of 180 months or terms of security used as collateral. Your savings are federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. government. Lafayette Federal is an Equal Opportunity Lender.
For more information regarding potential Paycheck Replacement Loan programs, please contact us at firstname.lastname@example.org.
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