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All Rates

Member Rates

Savings/Checking      Certificates      IRAs      Consumer Loans
Real Estate Loans      Important Lending Information



Savings/Checking Accounts

Effective 7/1/2015

Type of Account Rate (APY)
*Regular Shares 0.10%
*Christmas Club 0.10%
*Special Savings 0.10%
**Checking 0% to 0.10%
(depending on the type of checking account)

*$25.00 minimum to open.
**$100.00 minimum to open.

Certificates

Effective 6/13/2017

Term of Certificate Rate (APY) Minimum to Open
6 Month 0.50% $2,500.00
12 Month 0.70% $2,500.00
18 Month 0.70% $2,500.00
24 Month 0.75% $2,500.00
30 Month 0.80% $2,500.00
36 Month 0.85% $2,500.00
48 Month 0.95% $2,500.00
60 Month 1.50% $2,500.00

IRAs

Effective 6/13/2017

Term of IRA Rate (APY) Minimum to Open
12 Month 0.70% $2,500.00
30 Month 0.80% $2,500.00
36 Month 0.85% $2,500.00
60 Month 1.50% $2,500.00

IRA accumulation account (rate determined by market variables) dividends paid quarterly.
Check for current rate. ($500.00 min.)

New Car Financing

Effective 1/2/2014

Term of Loan APR  (Up tp 100% MSRP)
24 Months 1.79% - 17.99%
36 Months 1.99% - 17.99%
48 Months 2.29% - 17.99%
60 Months 2.49% - 17.99%
72 Months-over 2.99% - 17.99%
“New” vehicles may be up to two years old with less than 25,000 miles and can not have been previously financed by the CFFCU member.

The starting rates shown are the lowest rates available. Your rate may be higher depending on your credit score. Approval is not based on credit score.

New Car Loan Example:
Principal: $20,000
# of Years: 5 (60 months)
Number of payments per year: 12
Base Interest Rate: 2.49
Payment amount: $354.86
Total Interest: $1,291.54

Used Cars Financing

Effective 8/11/2016

Term of Loan APR  (Up tp 100% NADA)
24 Months 2.49% - 17.99%
36 Months 2.79% - 17.99%
48 Months 2.99% - 17.99%
60 Months 3.49% - 17.99%
72 Months-over 4.49% - 17.99%
Used Car Loan Example:
Principal: $10,000
# of Years: 5 (60 months)
Number of payments per year: 12
Base Interest Rate: 3.49
Payment amount: $181.87
Total Interest: $912.36

Signature/Household Goods Loan

Effective 8/11/2016

Term of Loan APR Requirements
12-36 Months 8.00% - 17.99% See below for important information
Over 36 Months 9.00% - 17.99%
Signature Loan Example 1:
Principal: $1,000
# of Years: 1 (12 months)
Number of payments per year: 12
Base Interest Rate: 8.0
Payment amount: $86.99
Total Interest: $43.86
Signature Loan Example 2:
Principal: $5,000
# of Years: 4 (48 months)
Number of payments per year: 12
Base Interest Rate: 9.0
Payment amount: $124.43
Total Interest: $972.41

Share Secured Loans

Effective 8/11/2016

Maximum Term of Loan Formula APR
12 Months Shares/CD +2.00% above

(any term longer will have to have a matching term CD)

Classic Automobile Loans

Effective 8/11/2016

Term of Loan APR  (Up to 100% NADA)
24 Months 2.49% - 17.99%
36 Months 2.79% - 17.99%
48 Months 2.99% - 17.99%
60 Months 3.49% - 17.99%
72 Months-over 4.49% - 17.99%
Classic Automobile Example:
Principal: $15,000
# of Years: 5 (60 months)
Number of payments per year: 12
Base Interest Rate: 3.49
Payment amount: $272.81
Total Interest: $1,368.54

Motorcycle Loans

Effective 8/11/2016

Term of Loan APR
(100% List - NEW, Retail - USED)
24 Months 2.99% - 17.99%
36 Months 3.49% - 17.99%
48 Months 3.99% - 17.99%
60 Months 4.49% - 17.99%
72 Months-over 5.49% - 17.99%
New /Used Motorcycle Loan Example:
Principal: $10,000
# of Years: 5 (60 months)
Number of payments per year: 12
Base Interest Rate: 4.49
Payment amount: $186.38
Total Interest: $1,183.08

Boats, Motors & Trailer Loans

Effective 8/11/2016

Term of Loan APR
(100% List - NEW, Retail - USED)
24 Months 2.99% - 17.99%
36 Months 3.49% - 17.99%
48 Months 3.99% - 17.99%
60 Months 4.49% - 17.99%
72 Months-over 5.49% - 17.99%
New /Used Boat Loan Example:
Principal: $5,000
# of Years: 4 (48 months)
Number of payments per year: 12
Base Interest Rate: 3.99
Payment amount: $112.87
Total Interest: $417.90

Motor Home Loans

Effective 8/11/2016

Term of Loan APR
(100% List - NEW, Retail - USED)
24 Months 2.99% - 17.99%
36 Months 3.49% - 17.99%
48 Months 3.99% - 17.99%
60 Months 4.49% - 17.99%
72 Months-over 5.49% - 17.99%
Motor Home Example:
Principal: $60,000
# of Years: 6 (72 months)
Number of payments per year: 12
Base Interest Rate: 5.49
Payment amount: $979.99
Total Interest: $10.559.46

RV/Camper Loans

Effective 8/11/2016

Term of Loan APR
(100% List - NEW, Retail - USED)
24 Months 3.79% - 17.99%
36 Months 4.29% - 17.99%
48 Months 4.79% - 17.99%
60 Months 5.29% - 17.99%
72 Months-over 5.79% - 17.99%
RV/Camper Loan Example:
Principal: $25,000
# of Years: 6 (72 months)
Number of payments per year: 12
Base Interest Rate: 5.79
Payment amount: $411.85
Total Interest: $4,653.09

Tractor/Farm Equipment Loans

Effective 8/11/2016

Term of Loan APR
(100% List - NEW, Retail - USED)
12-24 Months 3.99% - 17.99%
25-60 Months 4.99% - 17.99%
Tractor/Farm Equipment Example 1:
Principal: $3,000
# of Years: 2 (24 months)
Number of payments per year: 12
Base Interest Rate: 3.99
Payment amount: $130.26
Total Interest: $126.27
Tractor/Farm Equipment Example 2:
Principal: $30,000
# of Years: 5 (60 months)
Number of payments per year: 12
Base Interest Rate: 4.99
Payment amount: $483.01
Total Interest: $4,776.64

Mobile Home Loans

Effective 1/2/2014

Term of Loan APR
(100% List - NEW, Retail - USED)
24-36 Months 7.00% - 17.99%
37-84 Months 8.00% - 17.99%

(Member must own the land that the mobile home will be on.)

Real Estate Loans

Effective 1/2/2014

Important Specifications for all Real Estate Loans
Maximum Mortgage Loan Amount $400,000
Maximum Mortgage Loan Aggregate $500,000
Maximum Mortgage Loan Term 30 years
Minimum Monthly Payment $100
Maximum D/I ratio 45.00%

First Mortgages APR
30 year fixed Please Call for Details
20 year fixed Please Call for Details
15 year fixed Please Call for Details
10 year fixed Please Call for Details
5 year fixed Please Call for Details

Second Mortgages APR
20 year fixed Please Call for Details
15 year fixed Please Call for Details
10 year fixed Please Call for Details
5 year fixed Please Call for Details

Members with first mortgages with the credit union may be eligible for a second mortgage at a rate of 1% higher that the current first mortgage rates (see current table) with no appraisal.


Unimproved Property APR
Fixed Rate (maximum - 10 years) Please Call for Details

No origination fee or points will be charged on mortgage loans.
Members with less than excellent credit, with higher debt to income ration than above, may qualify for a loan up to 80% of the appraised value of property at a higher rate of interest.

Important Lending Information

All consumer loan rates, except share and CD secured, apply to members with excellent credit and a debt/income ratio of 49% or less and a beacon score of 740 and over.

For beacon scores lower than 740 see the chart below to determine the percentage to be added:


Beacon Score ++Add++
711 - 739 1.00%
676 - 710 2.00%
640 - 675 3.00%
611 - 639 5.00%
575 - 610 8.00%
Under 575 10.00%

Bankruptcy - add 5% to beacon score rate unless the member has always paid on time and has reaffirmed or kept the credit union out of the bankruptcy plan. This additional 5% may be waived by management.

Maximum rate is 18%. Management can match rates, terms and/or payments.

New automobile rates apply to any vehicle not greater than 2 years old and less than 25,000 miles. The credit union offers GAP insurance, however, the member is not required to purchase this insurance from the credit union. If the member purchases GAP insurance from another source, the member must provide the credit union with proof of purchase.

Mobile home loans may only be made to members owning the property where the mobile home is to be placed.

Management may match rates.