Dear valued member,

We recently sent you a letter showing you how refinancing an auto loan you may have with another financial institution to LFCU can potentially reduce your monthly payment.

The payment example in your letter was based on a 72-month or 84-month term, and should have been based on a rate of 3.49% APR (instead of 2.99% APR). We will send you a new letter using the corrected rate to quantify your potential monthly savings.

To clarify, LFCU’s 2.99% APR is available for terms up to 60 months; longer terms offer a best rate of 3.49% APR.

If you have any questions, please give us a call at (800) 328-LFCU (5328).

Sincerely,

Lockheed Federal Credit Union

“As low as" auto rates are our best rates for up to 110% financing on approved credit and includes a 1% discount for Automatic Payment (AutoPay). Rates subject to increase if AutoPay is discontinued. Actual interest rate offered may be higher depending on applicant's credit rating and other underwriting factors. In some instances LFCU may require borrowers to purchase Guaranteed Auto Protection on new and used auto loans. 3.49% APR at 72 months = $15.41 per $1,000; at 84 months the payment is $13.44 per $1,000. Maximum 17.99% APR. Rates accurate as of 4/5/11 and are subject to change.