LAFCU launches Zelle P2P service for members
LOS ANGELES, CA (August 1, 2022) — We are pleased to announce that the Zelle® person-to-person (P2P) payment service is now available for LAFCU members.
Zelle is a fast, safe & easy way to send funds 24/7 to people you know & trust in the USA, like family and friends. There are no fees to use Zelle and money moves within minutes. The maximum transaction limit is $1,000 weekly. Funds can be sent from members’ checking, savings or money market accounts.
For members to enroll in Zelle, they must click “Transfer” from their LAFCU mobile app or “Make a Transfer” from online banking, click “Zelle,” then complete four simple steps to enroll their mobile phone number. Members must have the current version of the LAFCU mobile banking app to send & receive funds using Zelle from their LAFCU accounts, which is 7.4.0 (iPhone) or 6.10.5 (Android). Also, the person in whom the members want to send funds must have the Zelle app installed on their mobile device or in online banking from their financial institution.
LAFCU is proud to offer this new service to our members. We are constantly striving to provide the most up-to-date services that offer convenience with enhanced technology.
Visit these web pages for more info:
Anyone who lives in Southern California can join LAFCU and take advantage of its financial services, such as the Relationship Rewards program. For more information, visit www.LAFCU.org, call (877) MY LAFCU (695-2328), or stop by one of their branches.
About LAFCU (CA)
LAFCU was founded in 1936 by 13 Los Angeles City Employees to give fellow employees a safe, low-cost, and convenient source to borrow and save money during the height of the Great Depression. They gathered $65 to form the “Los Angeles City Employees Federal Credit Union.” In 1987, the name changed to Los Angeles Federal Credit Union to reflect a growing field of membership, which started to include immediate family members of City employees and individuals who lived in the same household as a current member. In 2006 LAFCU expanded its field again to include residents living in most counties of Southern California by establishing the Los Angeles Charitable Association, Inc. (LACA). LACA is a 501(c)3 nonprofit charity that donates and supports charities in the greater L.A. area that since 2006, has donated over $500,000 to those charities.
Now, 85 years after its initial deposit of $65, LAFCU manages $1.2 billion in assets, has 71,000 members, staffs seven branches, and its members can access a nationwide network of 30,000 CO-OP ATMs and 5,000 shared branches.
Anyone living in most counties of Southern California can join LAFCU and take advantage of its financial services. For details, visit www.LAFCU.org, call (877) MY LAFCU (695-2328), or visit a branch.
