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Serving members worldwide since 1935.

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Whatever your funding needs, your credit union can help. For Mortgages and Home Equity rates, please visit our Mortgage Center.


Enjoy low rates, flexible terms, fast approvals and exceptional member service — apply for your loan today!

Visit our Mortgage Center for First Mortgage and Home Equity Loan terms and rates.

Effective Mar 22, 2018
Term Used Auto APR* New Auto APR* Fuel Efficient Auto APR***
36 Months 3.24%† 2.74% 2.365%
48 Months 3.49%† 2.99% 2.615%
60 Months 3.74%† 3.24% 2.865%
72 Months** 4.49%†† 3.74% 3.365%
84 Months** 5.24%†† 4.49% 4.115%
*APR = Annual Percentage Rate. Restrictions apply. May not be used in conjunction with other offers or promotions. Stated APR is the lowest rate available for qualified members and reflects 0.25% discount for Direct Deposit and automatic debit of loan payment from Checking Account with Lafayette Federal. Actual rate may be higher based on income and credit worthiness.
**$25‚000 minimum purchase price required for vehicle loan of 72 to 84 months. Add 2.00% to above pricing for all overseas vehicle loans.
***Fuel Efficient Auto APRs based on New Auto rates, however, the discount is also available on used vehicles.
†Financing available for model years 2011-2018.
††Financing available for model years 2016-2018.


Effective Mar 22, 2018
Charges & Fees Terms
Purchase, Balance Transfer and Cash Advance APR* 9.65%-18.00% When you open your account, determined by your credit worthiness.1 After that, APR will vary with the market based on the Prime Rate and a margin determined by credit history.
How to Avoid Paying Interest on Purchases LFCU allows you 25 days to make a payment for charges of merchandise and/or services when the billing cycle beginning balance is $0.00 in order to avoid paying interest.
Minimum Finance Charge There will be up to a $1.00 minimum finance charge assessed.
For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at: http://www.consumerfinance.gov/learnmore
Annual Fee None.
Balance Transfer Fee None.
Cash Advance Fee Either $2.00 or 2% of the amount of each cash advance, whichever is greater.
Foreign Transaction Fee 2% of the transaction amount in U.S dollars.
Late Payment Fee Up to $25.00
Over the Credit Limit Fee None.
Returned Payment Fee Up to $25.00 will be assessed and added to your balance of the minimum payment is not received within 5 days following the payment due date.
Card Replacement Fee Up to $5.00
1 Variable Rate Information: Your APR may vary. Your rate is determined by adding a Margin (initially determined based on an evaluation of each member’s credit score, economic conditions and other risk factors) to the highest Prime Rate published in the Wall Street Journal on the first business day of the current month, and the rate will then adjust monthly (on the first day of your billing cycle), according to monthly increases or decreases in the Wall Street Journal Prime Rate. The APR will not be more than 18.00%, regardless of the Wall Street Journal Prime Rate. The margin applicable to your account is subject to review every 6 months. After a period of 12 months from card issuance, we may increase or decrease the margin applicable to your account based upon changes in your credit history. We will notify you in accordance with applicable law before we apply any margin increase to your account. The margins will range from 4.90%-13.90% as described in paragraph 5 of your Lafayette Credit Union Platinum MasterCard Credit Card Terms and Conditions.
Effective Mar 22, 2018
Type APR* Term Amount
Share Secured Dividend Rate +2.00% Up to 7 years Up to Share Balance***
Credit Builder Dividend Rate +3.00% Up to 7 years Up to $5‚000
Certificate Secured Dividend Rate +2.00% Up to Certificate maturity date Up to Certificate Balance
Line of Credit** 9.99% Revolving† $500 - $30,000
Signature** 7.99% Up to 84 months $500 - $50,000
*APR=Annual Percentage Rate. Rates and terms subject to change without notice. Stated APR is the lowest rate available for qualified members. Actual rate may be higher based on income and credit worthiness.  **APR reflects 0.25% discount for automatic payment made from member’s LFCU account and established qualified direct deposit into member's LFCU checking account. ***Share Secured APR based on dividend tier at time of origination and is adjusted with dividend rate.  †Monthly minimum payment is $30 per $1,000 borrowed.

Effective Mar 22, 2018
APR* as low as Term Amount (up to 90% Purchase Price or Value)
4.75% Up to 5 Years $5,000 to $20,000
4.75% Up to 10 Years $20,001+ to $75,000
4.75%** Up to 15 Years $75,001+ to $150,000
5.25%** Up to 15 Years $150,001 to $350,000
5.25%*** Up to 20 Years $150,001 to $350,000 (restricted to house boats and RVs)
*APR=Annual Percentage Rate. Restrictions apply. May not be used in conjunction with other offers or promotions. Stated APR is the lowest rate available for qualified members and reflects 0.25% discount for Direct Deposit and automatic debit of loan payment from Checking Account with Lafayette Federal. Actual rate may be higher based on income and credit worthiness. Loan amount up to 90% of purchase price, up to $150,000. Vehicles for personal, non-business use only.**Loan to Value maximum to 80% for loan amounts over $150,000. ***Term of 20 yrs. limited to loan amounts above $150,000 and only available for financing "house boats” and RVs used as primary residences as defined by the IRS and NCUA.


Effective Mar 22, 2018
Term APR*
36 Months 6.50%
48 Months 7.00%
60 Months 7.50%
*APR=Annual Percentage Rate. Restrictions apply. May not be used in conjunction with other offers or promotions. Stated APR is the lowest rate available for qualified members and reflects 0.25% discount for Direct Deposit and automatic debit of loan payment from Checking Account with Lafayette Federal. Actual rate may be higher based on income and credit worthiness.

2018 Cost of Funds

Rounded up to the nearest quarter percent.

January
0.75%
February
0.75%
March
0.75%
April

May

June

July

August

September

October

November

December



Historical Cost of Funds

Rounded up to the nearest quarter percent.

MONTH
20132014201520162017
January0.75%0.75%0.75%0.75%0.75%
February0.75%0.75%0.75%0.75%0.50%
March0.75%0.75%0.50%0.75%0.50%
April0.75%0.75%0.75%0.50%0.50%
May0.75%0.75%0.50%
0.50%0.50%
June0.75%0.75%0.50%
0.50%0.75%
July0.75%0.75%0.75%
0.50%0.75%
August0.75%0.75%0.75%
0.50%0.75%
September0.75%0.75%0.75%
0.50%0.75%
October0.75%0.75%0.75%
0.50%0.75%
November0.75%0.75%0.75%
0.50%0.75%
December0.75%0.75%0.75%
0.50%0.75%


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For Mortgages and Home Equity products, please apply at our Mortgage Center.

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