Lockheed Federal Credit Union Hosts Summer Loan Sale

BURBANK, CA--(Marketwire - July 16, 2009) - Lockheed Federal Credit Union (LFCU) announced its Summer Loan Sale will run today through August 31.

Consumers can save a bundle with special new tax deductions, manufacturer incentives and great terms on credit union financing.

Rates for new and used car loans have been slashed by 1/2 percent. During the sale, new vehicle loan rates are as low as 4.49 percent Annual Percentage Rate (APR). According to Bankrate.com, the national average for auto loans is 7.27 percent APR, as of July 15.

Consumers who refinance their loan of $15,000 or more from another lender to LFCU can pocket an additional $100.

In addition, LFCU has a best rate guarantee -- it will beat any approved auto loan rate offered by another lender, up to a maximum discount of 1/2 percent off the standard rate for which the buyer qualifies.

LFCU has plenty of money to lend and anyone can join the credit union, regardless of where they work.

For more information, visit www.lfcu.com or call (800) 328-LFCU. Some restrictions may apply; please click here for details: http://www.lfcu.com/Rates/Consumer_Rates.

About Lockheed Federal Credit Union

Lockheed Federal Credit Union has more than 100,000 members and more than $2.8 billion in assets. Chartered in 1937, LFCU offers members preferred rates on savings and loan accounts, surcharge-free access to 25,000 ATMs, and access to a nationwide network of branches. Today, LFCU is the largest financial institution headquartered in the San Fernando Valley.

LFCU recently received a five-star rating -- the highest possible for financial strength -- from Bauer Financial, a source for unbiased, independent bank and credit union star ratings. The five-star rating validates LFCU is safe, financially sound and operating well above its regulatory capital requirements.

LFCU operates branches in the San Fernando, San Gabriel, Santa Clarita and Antelope valleys, as well as eastern Ventura County. Membership is open to Southern California residents of more than 600 sponsor companies. Deposits in LFCU are federally insured by the National Credit Union Administration, a U.S. Government Agency. LFCU is an equal housing lender.

Contact Information: Media Contact: Alethia Calagias Lockheed Federal Credit Union www.lfcu.com