MAY 2022


 

RATES |  OFFERS
 

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Family Vacation Planning: How to Teach Your Kids About Mindful Spending (And Have Fun Doing It!)

 

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It has been quite a couple of years – full of staycations, stay-at- home schooling, stay-at-home everything! Even though we are ready to get out of the house, we must be mindful of the financial uncertainties that continue to be part of the ongoing pandemic. This makes it a great time to provide some financial education for your money-smart kids. Let them help you plan a vacation that won’t break the bank with these tips.

Homebuyer Webinar
EDUCATIONAL WEBINAR

Register for our Home Buying Workshop (May 19, 2022)

Thinking about buying a home? Register to join a no-cost educational Home Buyer webinar on May 19th from 12pm – 1pm, hosted by The Police Credit Union and GreenPath Financial Wellness. Learn from our experts about the steps you’ll go through – from application to closing.

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Car Sale
CAR SALE

Auto Loan Rates as Low as 0.79% APR* at Our Car Sale (May 20-30, 2022)

From May 20-30, 2022 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 for terms up to 60 months!* Plus, if you finance an Enterprise vehicle at the sale, you'll receive a $50 cash bonus from The Police Credit Union to help you fill up your tank!***

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Green Energy Loan
WHAT'S NEW

Introducing Our Green Energy Loan

Save on electricity and reduce your carbon footprint. Our new Green Energy Loan allows members to borrow up to $75,000 to purchase renewable energy solutions for your home — primarily solar panels.

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HERO Loan

H.E.R.O. LOAN

 

Our new loan—exclusively for active California law enforcement—offers 100% financing for first time home buyers.1

Youth Accounts

YOUTH ACCOUNTS

 

Check out our refreshed TPCU Savings Academy for members 17 and under to help your child, tween, or teen with financial literacy!

Enterprise

ENTERPRISE CAR SALES

 

Get a 1% rate discount4 when you finance an Enterprise vehicle with The Police Credit Union.

LOAN RATES

Vehicle Loans Rates as low as 1.79% 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 4.125% (4.548% APR)3
Loan rates current as of 5/10/2022. Rates, terms, and conditions subject to change without notice. Visit our website for our most current rates.

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Holiday Schedule

*APR = Annual Percentage Rate. Example rate of 0.79% APR with 36 monthly payments = $28.12 per $1,000 borrowed, assumes .25% discount for enrollment in automatic payments, 1.25% off current The Police Credit Union rate with a max loan term of 60 months, and <=75% Loan-to-Value (LTV), (fully indexed rate of 2.29%) for vehicles purchased from May 20-30, 2022 from Enterprise Car Sales and financed with The Police Credit Union. 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 net-work company or other use. All vehicle inventory is available by visiting enterprise-carsales.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.
4 1.00% off current credit union rate, with a maximum loan term of 60 months. Offer valid now to 12/31/2022 and is subject to change without notice. This offer cannot be combined with any other offer. 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.
***$50 cash bonus will be deposited to members account who finance a vehicle with The Police Credit Union through Enterprise Car Sales on May 20-30, 2022 two weeks after the car sale has ended.
1 Program available to first-time homebuying members of the credit union that are an active full-time sworn peace officer or reserve peace officer employed by a federal, state, county or municipal agency. Program consists of a fixed or variable rate 1st and a fixed 2nd mortgage. Property must be located in California, and be owner occupied. First time home buyers may not have had ownership in a principal residence during the preceding 3 years. All loans subject to credit approval, documented income and reserve requirements. There is a non-refundable application fee of $95 for this program that will be credited back at closing. Additional terms, conditions and restrictions apply. Program is subject to change or cancellation without notice. Contact your TPCU Loan Officer for terms, rates and full details. Federally insured by the NCUA. Equal Housing Opportunity. NMLS #: 409710
**APR = Annual Percentage Rate. Example rate of 1.79% APR with 36 monthly payments = $28.56 per $1,000 borrowed, assumes .25% discount for enrollment in automatic payments and loan to value <=75% (fully indexed rate of 2.29%).+73-84 month New and Used Auto loan requires a minimum loan amount of $25,000. 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 5/10/2022 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 4.125% with 360 payments = $484.65 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.