anytimeLoan Disclosure
Please take a minute to read and agree to the disclosure below and then we'll get started with your loan application. Be sure to click on "Yes I Agree" at the bottom of the page to start your application.
Consumer Loan Application
Important Disclosure Information
Married Applicants may apply for a separate account.
Check the appropriate box on the application to indicate Individual Credit or Joint Credit.
- Individual Credit: Complete Applicant section.
Complete Co-Applicant section:(1) about your spouse if you live in a community property state (AZ, CA, ID, LA, MN, NV, TX, WA, WI), or (2) if your spouse will use the Account.
- Joint Credit: Complete the Applicant and Co-Applicant section.
Alimony, child support, or separate maintenance income need not be revealed if you do not choose to have it considered.
"I" and "me" mean each and all of the applicants.
- I certify the accuracy of the information given in this application and I will notify the Credit Union in writing immediately if there is any change in my financial condition. It is a violation of Section 1014, Title 18 U.S. Code, to make a false statement or over value security for the purpose of influencing the action of any federally insured Credit Union.
- I authorize the Credit Union to gather whatever credit, employment information, tax returns and related information from the Internal Revenue Service that the Credit Union considers appropriate from time to time (I understand that this will assist, for example in determining my eligibility for renewal of credit and additional extensions of credit). I authorize the Credit Union to give information concerning my credit experience with you to others. I understand and agree that the Credit Union may retain this application. I waive my right to confidentiality of my records.
- I agree by using or authorizing another to use the Account, I will be bound by the terms and conditions of the applicable L. A. Financial Federal Credit Union Truth-in-Lending Disclosure entitled: A) VisaŽ Card Agreement and Federal Truth-in-Lending Disclosure Statement, or B) LoanlinerŽ Credit Agreement (which will be given to me if my application is approved and before the first transaction is made).
- For California Residents Only - I waive my right to confidentiality of my records with the California Department of Motor Vehicles (DMV) and authorize Havasu Community Credit Union (a division of L.A. Financial Federal Credit Union) to obtain such information from the DMV.
Acknowledgement of Pledge of Shares for VISA Applicants ONLY:
By requesting and receiving, signing and using, or permitting others to use a VISA Credit Card issued to me by L. A. Financial federal credit union, i agree, as cardholder, to the terms of the visa agreement and federal truth-in-lending disclosure statement, and i further acknowledge and agree that the disclosure statement contains the following provision:
lien on shares:
If I am in default on a financial obligation to you, federal law gives you the right to apply the balance of shares and dividends in my account(s) at the time of default to satisfy that obligation. Once I am in default, you may exercise this right without further notice to me.
THIS MEANS THAT IF I AM IN DEFAULT UNDER THE TERMS OF THE VISA PROGRAM, YOU MAY EXERCISE YOUR RIGHTS AS A SECURED PARTY TO APPLY ANY FUNDS I HAVE ON DEPOSIT WITH YOU TO SATISFY MY INDEBTEDNESS.
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IMPORTANT VISA DISCLOSURE
INFORMATION |
| *Tier |
VISA PLATINUM
|
VISA
GOLD
|
VISA CLASSIC
|
VISA SAVINGS SECURED |
VISA
FRESH START |
| Annual Percentage Rate for
Purchases |
9.96% |
10.92% |
Tier 1*
12.96%
Tier 2*
13.96% |
8.96% |
15.96% |
| Other Annual Percentage Rates** |
17.00% |
17.00% |
17.00% |
N/A |
17.00% |
| Grace Period for Repayment of Balance for
Purchases |
I have 25 days on average to repay your balance before a
finance charge on purchases will be imposed. There is no grace period on
cash advances. |
| Method of Computing the Balance for
Purchases |
Average daily balance
method
(including new transactions). |
| Annual Fees |
NONE |
NONE |
NONE |
NONE |
$35.00 |
| Transaction Fee for Cash Advances: |
NONE |
NONE |
NONE |
NONE |
NONE |
| Late Payment Fee: |
A late charge of 20% of the past
due amount with a minimum of $5.00 and a maximum of $25.00 will be charged
if payment is past due more than 15 days. |
| Exceeding the Credit Limit |
$35.00 each billing cycle your
credit limit is exceeded. |
*Eligibility for Tiers is based on credit evaluation.
**Rate effective if any payment is 60 days or more late.
The information disclosed was accurate as of 11/01/04 and is subject to change after that date. Please contact us at P.O. Box 6015 Pasadena, CA 91102-6015 or call 800.894.1200 for current information.
Important information about procedures for opening a new account.
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
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