JULY 2021


 

RATES |  OFFERS
 

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An Update to Our Technology Upgrade



 

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At The Police Credit Union, our goal is to ensure that we are providing our members with the most beneficial and convenient banking services possible. We're pleased to announce we have completed our core system and Digital Banking upgrades—allowing us to not only operate more efficiently, but also now be better suited to leverage exciting and innovative new technologies and adopt digital tools to improve our products and services.

Car Sale
NEWS

Auto Loan Rates as low as 0.99% APR* at Our Car Sale (July 23 - August 1, 2021)

From July 23 - August 1, 2021, visit any California Enterprise Car Sale location and when you finance your new ride with The Police Credit Union, you'll receive a 1.25% APR discount!* All Enterprise locations in California are eligible.

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Scam Alert
BLOG

Scam Alert: Child Tax Credit Is Automatic; No Need to Apply

It almost sounds too good to be true: Most families with kids will start receiving monthly checks for up to $300 per child this summer, starting in mid-July and continuing through December. And they don’t have to do anything, except perhaps keep the money safe from scammers.

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OPD
GIVING BACK

Honoring Law Enforcement

Earlier this summer, The Police Credit Union was honored to take part in an Oakland Police Department Officer Appreciation Event and National Police Week.

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New 15/15 ARM

NEW: HOME LOANS

 

We're pleased to announce our new 15/15 Adjustable Rate Mortgage which offers members a clear value when it comes to getting a low rate on a new mortgage3.

RVs

RECREATIONAL VEHICLES

 

The Police Credit Union offers the loans you need for boats and recreational vehicles of various types this summer.

2021 Olympics

2021 OLYMPICS

 

You could win $10,000 and meet Noah Lyles when you pay with your Visa card between 6/15/21 - 8/15/214

LOAN RATES

Vehicle Loans Rates as low as 1.99% APR**
Public Safety Assistance Loan Rates as low as 2.99% APR+
Personal Loan Rates as low as 5.85% APR++
Home Loans (15/15 ARM) Rates as low as 2.250% (2.482% APR)3
Loan rates current as of 7/19/2021. Rates, terms, and conditions subject to change without notice. Visit our website for our most current rates.

Providing Financial Solutions to Take Care of Our Own

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800.222.1391

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Holiday Schedule

*APR = Annual Percentage Rate. Example rate of 0.99% APR with 36 monthly payments = $28.21 per $1,000 borrowed, assumes .25% discount for enrollment in automatic payments, 1.00% off current The Police Credit Union rate with a max loan term of 60 months, and .25% discount for members who purchase a vehicle at an Enterprise Car Sales location on July 23-August 1, 2021 (fully indexed rate of 2.49%). APR is based on evaluation of credit history, so your rate may differ. Rates, fees and terms are subject to change at any time, visit our website for current rates at www.thepolicecu.org. Used vehicles were previously part of the Enterprise rental fleet &/or an affiliated company’s lease fleet or purchased by Enterprise from sources including auto auctions, customer trade-ins or from other sources, with a possible previous use including rental, lease, transportation network company or other use. All vehicle inventory is available by visiting enterprisecarsales.com or a dealership where a Sales Consultant can help you find vehicles available in our nationwide inventory. Delivery of vehicles outside local area may require transfer fee.
**APR = Annual Percentage Rate. Example rate of 1.99% APR with 36 monthly payments = $28.64 per $1,000 borrowed, assumes .25% discount for enrollment in automatic payments and loan to value <=75% (fully indexed rate of 2.49%). Rates quoted above assume excellent borrower history. Out-of-state vehicles may be acceptable on franchise dealer transactions only. Rates, terms and conditions are subject to change without notice.
3APR=Annual Percentage Rate. Pricing effective 7/19/2021 and subject to change at any time. LTV restrictions apply, property appraisal required. Minimum income qualifications apply. Private mortgage insurance (PMI) is required for loan-to-values exceeding 80%. Example note rate of 2.250% with 360 payments = $382.25 per $100,000 borrowed. 15/15 Adjustable Rate Mortgage (ARM), amortized over 30 years and fixed for the first 180 months, adjusting to the 10 Year Constant Maturity Treasury Bill plus a margin (2.75% conforming balance, 3.00% jumbo balance) in the 16th year with a 6.00% adjustment cap. Minimum qualifying credit score of 680 required. Other credit qualifications apply, contact a loan officer for more information. Final approval required. Federally insured by the National Credit Union Administration. NMLS ID#409710.
+Example rate of 2.99% Annual Percentage Rate (APR) with 24 monthly payments = $42.98 per $1,000 borrowed. Rate, terms and conditions are subject to change without notice. Loan funds must be used to purchase first responder equipment, uniforms, supplies, K-9 accessories. Approved education course and certification programs up to one year are eligible. Additional terms and conditions apply, for full details www.thepolicecu.org.

++Example rate of 5.85% with 36 monthly payments = $30.36 per $1,000 borrowed, assumes discount for enrollment in automatic payments (fully indexed rate of 6.10%). Rates quoted above assume excellent borrower history and may include a discount of .25%. To qualify for this discount you must have an The Police Credit Union deposit account from which your monthly loan payment is deducted. Your actual APR may vary and will be determined when a credit decision is made, and may be higher than the lowest rate available. Lower credit quality, longer terms, different loan types, and non-qualification for discounts may result in higher rates. There are no pre-payment penalties on early payoff of loans. Rates, terms, and conditions are subject to change without notice. For current rates or other information, call us at 800.222.1391.
4NO PURCHASE OR OBLIGATION NECESSARY TO ENTER OR WIN. NON-PURCHASE ENTRIES AND PURCHASE ENTRIES HAVE AN EQUAL CHANCE OF WINNING. Open only to legal residents of the fifty (50) United States and District of Columbia who are 18 years of age or older as of 6/15/21. Void in Puerto Rico and where prohibited. Begins at 12:00:00 AM Pacific Time (“PT”) on 6/15/21 and ends at 11:59:59 PM PT on 8/15/21 (“Promotion Period”). TO ENTER: 1) Automatic Entry: An eligible Visa cardholder will automatically receive one (1) Sweepstakes entry for each eligible Visa purchase made with his/her/their Visa card during the Promotion Period at a participating merchant location in the U.S. Bonus Entry: An eligible Visa cardholder will automatically receive one (1) bonus Sweepstakes entry for each eligible Visa purchase made using his/her/their contactless Visa card or using his/her/their Visa card with a payment-enabled mobile or wearable device during the Promotion Period. Automatic entries must be made by 11:59:59 PM PT on 8/15/21. 2) To Enter by Mail Without Purchase or Obligation: Hand-print your complete name, street address, city, state, ZIP code, and daytime and evening telephone numbers (including area code), and valid email address, on a plain piece of 3" x 5" paper, and mail it in a business-size (#10) envelope with sufficient postage affixed, to: Olympic Games Tokyo 2020 Visa Sweepstakes, P.O. Box 7776, Melville, NY 11775-7776. Mailed entries must be postmarked between 6/15/21 and 8/15/21, and received by 8/23/21, in order to be included in the random drawing. Enter as often as you wish; however, each mailed entry will count as two (2) entries into the random drawing and must be mailed in a separate, postmarked-and-stamped envelope. Mechanical reproductions prohibited. PRIZES: One (1) Gold Prize: $10,000 cash (awarded in the form of a check to winner), one (1) Team Visa Gift Box, and one (1) virtual meet & greet with one (1) Team Visa athlete to be designated by Sponsor via Zoom or other video conference service to be hosted and moderated by Sponsor, in its sole discretion. Gold Prize will also include $4,200 cash (awarded in the form of a check to winner) that can be used toward the payment of income taxes associated with the prize. ARV of Gold Prize: $16,700; One (1) Silver Prize: $5,000 cash (awarded in the form of a check to winner) and one (1) Team Visa Gift Box. Silver Prize will also include $2,500 cash (awarded in the form of a check to winner) that can be used toward the payment of income taxes associated with the prize. ARV of Silver Prize: $10,000; One (1) Bronze Prize: $1,000 cash (awarded in the form of a check to winner) and one (1) Team Visa Gift Box. Bronze Prize will also include $1,200 cash (awarded in the form of a check to winner) that can be used toward the payment of income taxes associated with the prize. ARV of Bronze Prize: $4,700. Total ARV of all prizes: $31,400. Each Team Visa Gift Box includes a Limited-Edition Print, Panasonic Headphones, one (1) $150 Visa Gift Card, one (1) Wallet, one (1) Matcha Starter Kit, one (1) Luxury Candle, and one (1) Postcard Book collectively valued at up to $2,500 (collectively, “Team Visa Gift Box”). ODDS: Estimated odds of winning a prize are 1 in 12,371,546,593; however, the actual odds of winning depend upon the total number of eligible entries received. Sweepstakes subject to complete Official Rules. For complete details, see Official Rules available at www.visa.com/Tokyo2020SweepsFullRules. SPONSOR: Sponsor: Visa U.S.A. Inc., P.O. Box 8999, San Francisco, CA 94128-8999.