A MORTGAGE VOCABULARY LIST
Understanding your mortgage and interest payments is important when you're thinking about buying a home. This month, we're sharing a to-the-point list of commonly used home loan lingo, courtesy of GreenPath, our financial wellness partner.
Happening This Month: Our Visa Card Reissue
Cardholders, be prepared to receive your new Visa card by the end of February 2020! Keep reading for the latest news on your new card.
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Important Information About Parking at Our Branches
Our Irving and San Bruno branches will each have special, temporary parking arrangements soon due to construction work and city-mandated testing around our member parking lots.
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66th Annual Meeting Reminder
Our 66th Annual Meeting will take place on Saturday, February 29, 2020. Members who are unable to attend will be able to watch a livestream of the proceedings on our Facebook page.
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LOAN RATES
| Vehicle Loans | Rates as low as 2.89 % APR *** |
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| Public Safety Assistance Loan | Rates as low as 2.99 % APR+ |
| Personal Loan | Rates as low as 9.24% APR++ |
Providing Financial Solutions to Take Care of Our Own
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*The Police Credit Union will refund ATM surcharges up to $3 per out-of-network ATM transaction. You must have an The Police Credit Union Checking Account in good standing and a Direct Deposit posted to your Checking Account monthly.
**Private mortgage insurance (PMI) is required for LTVs greater than 80%. Members must meet CU guidelines for approval. Final approval required.
***APR = Annual Percentage Rate. Example rate of 2.89% APR with 36 monthly payments = $29.03 per $1,000 borrowed, assumes .25% discount for enrollment in automatic payments (fully indexed rate of 3.14%). Internal refinance will be subject to a 1.00% add on to your qualifying interest rate. Out-of-state vehicles are acceptable on dealer transactions only. Rates, fees and terms are subject to change at anytime, you may contact us for current information at 800.222.1391.
+*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 9.24% with 36 monthly payments = $31.91 per $1,000 borrowed, assumes discount for enrollment in automatic payments (fully indexed rate of 9.49%). 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.