Loan Rates
Rates Effective 8/21/2023
APR represents Annual Percentage Rate. Tiers: A, B, C, D
| Loan Type | 690+ | 640 – 689 | 600 – 639 | < 600 |
|---|---|---|---|---|
| New Auto Loans | 5.99% | 7.99% | 9.99% | 14.19% |
| Used Auto Loans | 6.49% | 8.49% | 10.49% | 15.49% |
| Personal Loans | 9.24% | 10.24% | 12.24% | 16.24% |
| Miscellaneous Secured Loans* | 8.25% | 9.25% | 11.25% | 13.75% |
| Share Secured Loans | 3.00% | 3.00% | 3.00% | 3.50% |
New Autos are defined as current model year and previous model year
Misc Loans are for ATV’s, snowmobiles, lawn mowers, tractors, jet skis, and campers without a title
First Time Auto Buyers
Get Up to 60 Months at 10.49% APR!*
This product is for an applicant that wishes to purchase an automobile for the first time and they do not have a co-signer.
- Must be at their job for at least 1 year
- Must make at least $15,000
- No credit required; however, no outstanding derogatory credit is allowed or unpaid collections
- Must have a down payment. CFCU will finance up to 95% of the NADA retail selling price
- Vehicle will need to be fully insured with collision, comprehensive and liability, a deductible of $500 or less
- Maximum Loan Amount $25,000
Camper/Boat/RV Rates
| A 690+ | 48-60 Months | 61-84 Months | 85-120 Months | 121-144 Months |
|---|---|---|---|---|
| $10,000 – $14,999 | 8.24% | 8.49% | – | – |
| $15,000 – $24,999 | 7.49% | 7.74% | 7.99% | – |
| $25,000 – $49,999 | 7.24% | 7.49% | 7.74% | 7.99% |
| $50,000 – $74,999 | 6.99% | 7.24% | 7.49% | 7.74% |
| B 640 – 689 | 48-60 Months | 61-84 Months | 85-120 Months | 121-144 Months |
|---|---|---|---|---|
| $10,000 – $14,999 | 8.49% | 8.74% | – | – |
| $15,000 – $24,999 | 7.74% | 7.99% | 8.24% | – |
| $25,000 – $49,999 | 7.49% | 7.74% | 7.99% | 8.24% |
| $50,000 – $74,999 | 7.24% | 7.49% | 7.74% | 7.99% |
| C 600 – 639 | 48-60 Months | 61-84 Months | 85-120 Months | 121-144 Months |
|---|---|---|---|---|
| $10,000 – $14,999 | 10.49% | 10.74% | – | – |
| $15,000 – $24,999 | 9.74% | 9.99% | 10.24% | – |
| $25,000 – $49,999 | 9.49% | 9.74% | 9.99% | 10.24% |
| $50,000 – $74,999 | 9.24% | 9.49% | 9.74% | 9.99% |
| D <600 | 48-60 Months | 61-84 Months | 85-120 Months | 121-144 Months |
|---|---|---|---|---|
| $10,000 – $14,999 | 12.49% | 12.74% | – | – |
| $15,000 – $24,999 | 11.74% | 11.99% | 12.24% | – |
| $25,000 – $49,999 | 11.49% | 11.74% | 11.99% | 12.24% |
| $50,000 – $74,999 | 11.24% | 11.49% | 11.74% | 11.99% |
Fixed Rate Home Equity Loans (80% LTV)
| Tier | 7 year | 10 year | 15 year |
|---|---|---|---|
| A | 6.49% | 6.99% | 7.49% |
| B | 7.49% | 7.99% | 8.49% |
| C | 8.49% | 8.99% | 9.49% |
| D | 10.49% | 10.99% | 11.49% |
*when two members co-apply, the higher of the two credit scores is used to determine the rate.
*when there is a co-signer, the primary borrower’s score is used to determine the rate.
*when there is no risk score, the “C” rate will be used
HELOCs Rate is Prime +.5% (80% LTV)
| Tier | 15 year |
|---|---|
| A | 8.75% |
| B | 9.75% |
| C | 10.75% |
| D | 12.75% |
Upon approval, the member will be granted a minimum line of credit of $10,000 to $120,000 maximum for a maximum term of fifteen (15) years; five (5) year draw, ten (10) year repayment.
The initial minimum advance must be at least $10,000.
The first five (5) years can be used as a draw period. During this period the member can make advances of at least $1000 but not more than the approved maximum credit limit.