facebook pixel Skip to main content
IMPORTANT: We are currently experiencing higher than normal call volumes resulting in long call center wait times. Thank you for your patience during this time.
Google PlayApple Store
Serving members worldwide since 1935.

Lending Rates

  • Autos & Motorcycles
  • Mastercard Credit Card
  • Personal Loans
  • Boat & RV Loans

Whatever your funding needs, your credit union can help. For Mortgages rates, please visit our Mortgage CenterOpens in New Window, and for Home Equity rates, please see our Home Equity lending products.

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

Visit our Mortgage CenterOpens in New Window for First Mortgage and Home Equity Loan terms and rates.

Effective Feb 1, 2023
Term New Auto APR* Used Auto APR*
36 Months 5.000% 5.000%†
48 Months 5.000% 5.000%†
60 Months 5.500% 5.500%†
72 Months 5.500% 5.500%†
84 Months** 6.250% 6.250%††
*APR = Annual Percentage Rate. 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 and 0.125% discount for qualified fuel efficient vehicle. Actual rate may be higher based on income, credit worthiness, and loan to value. **$25‚000 minimum loan amount required for vehicle loan of 73 to 84 months. Add 2.00% to above pricing for all overseas vehicle loans. †Financing available for model years 2016-2023. ††Financing available for model years 2020-2023.

Effective Feb 1, 2023
Term APR*
60 Months 5.500%
72 Months 5.750%
84 Months 6.000%
120 Months 6.250%
*APR = Annual Percentage Rate. 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, credit worthiness, and loan-to-value. Loan-to-Value Requirements: Purchase: 70% of purchase price; Refinance: 70% of value. **Valuation sources include, but are not limited to, Black Book, Sports Car Market, Manheim Auctions, Gold Book and Old Cars Price Guide.

Effective Feb 1, 2023
Term APR*
60 Months 8.000%
72 Months 8.250%
84 Months 8.500%
*APR = Annual Percentage Rate. 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, credit worthiness, and loan to value.

Effective Feb 1, 2023
Charges & Fees Terms
Purchase, Balance Transfer and Cash Advance APR* 12.40%-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 you 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 3% of each balance transferred, or $30.00, whichever is greater.
Cash Advance Fee Either $2.00 or 2% of the amount of each cash advance, whichever is greater.
Foreign Transaction Fee None.
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 if the minimum payment is not received within 5 days following the payment due date.
Card Replacement Fee Up to $5.00
Balance Computation Method Average Daily Balance
¹Variable Rate Information: APR=Annual Percentage Rate. 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 Feb 1, 2023
Type APR* Term Amount
Share Secured Dividend Rate +2.00% Up to 15 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** 8.99% Up to 7 years $500 - $50,000
Home Improvement** 10.74% Up to 15 years $5,000 - $75,000
*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, credit worthiness, and extended loan terms. **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 Feb 3, 2023
APR* as low as Term Amount (up to 90% Purchase Price or Value)
10.00% Up to 5 Years $5,000 to $20,000
10.00% Up to 12 Years $20,001+ to $75,000
10.50% Up to 15 Years $75,001+ to $150,000
*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, credit worthiness, and loan to value. Loan amount up to 90% of value, up to $150,000. Vehicles for personal, non-business use and houseboats used as primary residences as defined by the IRS and NCUA only.


Effective Feb 1, 2023
Term APR*
36 Months 7.250%
48 Months 7.500%
60 Months 7.750%
*APR=Annual Percentage Rate. 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, credit worthiness, and loan to value.

2023 Cost of Funds

Rounded up to the nearest quarter percent.

Month

Rate

January2.75%
February
March
April
May
June
July
August
September
October
November
December

Historical Cost of Funds

Rounded up to the nearest quarter percent.

Month

2018

2019

2020

2021

2022

January0.75%1.25%1.50%1.50%1.25%
February0.75%1.25%1.50%1.50%1.25%
March0.75%1.25%1.50%1.50%1.50%
April0.75%1.25%1.50%1.25%1.50%
May0.75%1.25%1.50%1.25%1.50%
June0.75%1.25%1.50%1.25%1.75%
July0.75%1.25%1.50%1.25%1.75%
August0.75%1.25%1.50%1.25%2.00%
September0.75%1.25%1.50%1.25%2.00%
October1.00%1.25%1.50%1.25%2.25%
November1.25%1.50%1.50%1.25%2.50%
December1.25%1.50%1.50%1.25%2.50%
Have Questions? Just ask.

For Mortgages and Home Equity products, please apply at our Mortgage CenterOpens in New Window.

  • Classic Car Mini Ad

    Gear up to finance the vehicle of your dreams with hassle-free convenience, low rates, and excellent service.

    Ready to finance your dream car?

  • couple smiling looking at statement mini news ad

    Enjoy our 2.02% APY³ Checking — a premium rate 40 times higher than the national average¹

    Simple terms, outstanding rate

  • atm-cash-withdrawal

    Our members have access to 30,000+ surcharge-free ATMs and 5,000+ shared branches for all basic transaction needs.

    Access branches and ATMs nationwide