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Deposit Account Rates

APY = Annual Percentage Yield. Dividend rate and APYs subject to change after the account is opened.


Savings

Effective September 1, 2018

Account Dividend Rate APY
Banking for Everyone 7.00%1 7.00%
Banking for Youth 7.00%1 7.00%
Summer Reserve 0.10% 0.10%
Holiday Savings Club 0.10% 0.10%

Minimum $1 required to open and maintain account. Dividends paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Fees and other conditions could reduce earnings on any of the above accounts. The Dividend Rates and APYs on saving accounts are subject to change on a quarterly basis. Dividend Rates and APYs on Super$hare, Premier Money Market and Interest Checking Accounts are subject to change monthly as determined by the Board of Directors. For current Dividend Rates and APYs, please call the Credit Union at 916-569-5400 or 800-962-0990. The Dividend Rates and APYs quoted above are accurate as of September 1, 2018.
1 A dividend rate of 7.00% will be paid only on the portion of your daily balance that is less than $500.01 that meets the Banking for Everyone Savings/Youth qualifications. The APY will range between 7.00% and 7.19% depending upon account balance. Dividends compound at 7.00% APY up to an account balance of $500. Notwithstanding anything to the contrary in your Schools Financial Credit Union Truth in Savings Disclosure (“Disclosure”), you understand and agree that the 7.00% APY does not compound on the portion of your daily account balance greater than $500. An APY of 0.10% will be paid on nonqualifying accounts and the portion of your account balance greater than $500. Business and organization accounts are not eligible. One Banking for Everyone Savings/Youth account per Social Security Number. Contact the Credit Union or visit schools.org for additional account qualifying information.


Checking

Effective September 7, 2018

Account Balance Dividend Rate APY
Interest Checking N/A 0.05% 0.05%
Business Checking N/A 0.05% 0.05%
Premier Money Market Checking $0.01 - $19,999.99 0.18% 0.18%
  $20,000 - $99,999.99 0.48% 0.48%
  $100,000 + 1.00% 1.00%

Minimum balances required to earn the stated Annual Percentage Yield for Money Market Checking accounts. Dividends paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Fees and other conditions could reduce earnings on any of the above accounts. The Dividend Rates and APYs on saving accounts are subject to change on a quarterly basis. Dividend Rates and APYs on Premier Money Market Checking and Interest Checking accounts are subject to change monthly as determined by the Board of Directors. For current Dividend Rates and APYs, please call the Credit Union at 916-569-5400 or 800-962-0990. The Dividend Rates and APYs quoted above are accurate as of September 7, 2018.


Money Market

Effective September 7, 2018

Account Balance Dividend Rate APY
Premier Money Market $0.01 - $19,999.99 0.35% 0.35%
  $20,000 - $99,999.99 0.60% 0.60%
  $100,000 + 0.70% 0.70%

Minimum balances required to earn the stated Annual Percentage Yield (APY). Dividends paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Fees and other conditions could reduce earnings on any of the above accounts. The Dividend Rates and APYs on saving accounts are subject to change on a quarterly basis. Dividend Rates and APYs on Premier Money Market accounts are subject to change monthly as determined by the Board of Directors. For current Dividend Rates and APYs, please call the Credit Union at 916-569-5400 or 800-962-0990. The Dividend Rates and APYs quoted above are accurate as of September 1, 2018.


Super$hare

Effective September 7, 2018

Balance1 Dividend Rate APY
$0.01 - $999.99 0.20% 0.20%
$1,000 - $2,499.99 0.20% 0.20%
$2,500 - $9,999.99 0.25% 0.25%
$10,000 - $49,999.99 0.50% 0.50%
$50,000  + 0.55% 0.55%


Dividends paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Fees and other conditions could reduce earnings on any of the above accounts. Dividend Rates and APYs on Super$hare accounts are subject to change monthly, as determined by the Board of Directors.
1 Minimum balances required to earn the stated Annual Percentage Yield (APY).


Premium Rate Certificate

Effective September 21, 2018

Account Minimum Balance Dividend Rate APY
3-month Premium Rate $1,000 + 0.75% 0.75%
6-month Premium Rate $1,000 + 0.80% 0.80%
12-month Premium Rate $1,000 + 1.10% 1.10%
30-month Premium Rate $1,000 + 1.34% 1.35%
36-month Premium Rate $1,000 + 1.84% 1.85%
48-month Premium Rate $1,000 + 2.03% 2.05%
60-month Premium Rate $1,000 + 2.48% 2.50%
       
9-month Super Rate $10,000+ 1.24% 1.25%
       
12-month College Saver $200 + 1.10% 1.10%
       
12-month Add-On1 $10,000 + 1.10% 1.10%
       
30-month Opt-Up2 $10,000 + 2.33% 2.35%

Premium Rate Certificates automatically renew at the prevailing APY with a 10-day grace period. A penalty may be imposed for early withdrawal. The applicable Dividend Rates and APYs set forth above would be paid for the length of the term listed. Annual Percentage Yields may increase for balances of $50,000 or more. Call 916-569-5400 (Sacramento area) for additional rates.

The 9-month Super-Rate Certificates will automatically renew for the 12-month term unless instructed in writing and will earn dividends at the 12-month term rate in effect for such term on the maturity.

 


1 The Add-On Premium Rate Certificate allows additional deposits in increments of $1,000 or more up to an amount equal to the initial opening (or renewal) balance.
2 The Opt-Up Premium Rate Certificate allows a one-time interest rate increase during the certificate without penalty or term extension.


IRA & Deferred Compensation Shares

Effective September 1, 2018

Account Balance1 Dividend Rate APY
IRA & Deferred Compensation  $0.00 - $9.999 0.20% 0.20%
  $10,000 - $19,999 0.20% 0.20%
  $20,000 - $99,999 0.35% 0.35%
  $100,000 and over 0.40% 0.40%

1 Minimum balances required to earn the stated Annual Percentage Yield (APY).


IRA & Deferred Compensation Certificates

Effective September 21, 2018

Account Balance1 Dividend Rate APY
3-month IRA & Deferred Comp Certificate $500 - $49,999 0.75% 0.75%
6-month IRA & Deferred Comp Certificate $500 - $49,999 0.80% 0.80%
12-month IRA & Deferred Comp Certificate $500 - $49,999 1.10%  1.10%
30--month IRA & Deferred Comp Certificate $500 - $49,999 1.34% 1.35%
36-month IRA & Deferred Comp Certificate $500 - $49,999 1.84% 1.85%
48-month IRA & Deferred Comp Certificate $500 - $49,999 2.03% 2.05%
60-month IRA & Deferred Comp Certificate $500 - $49,999 2.48% 2.50%
       
9-month Super Rate2 $10,000 + 1.24% 1.25%
       
12-month Add-On3 $10,000 + 1.10% 1.10%
       
30-month Opt-Up4 $10,000 + 2.33% 2.35%

1 Minimum balance required to earn the stated Annual Percentage Yield (APY).
2 The 9-month Super-Rate IRA & Deferred Compensation Certificates will automatically renew for the 12-month term unless instructed in writing and will earn dividends at the 12-month term rate in effect for such term on the maturity.
3 The Add-On IRA & Deferred Compensation Certificate allows additional deposits in increments of $1,000 or more up to an amount equal to the initial opening (or renewal) balance.
4 The Opt-Up IRA & Deferred Compensation Certificate allows a one-time interest rate increase during the certificate term without penalty or term extension.

 



 

Visa® Credit Cards


Visa® Credit Card Rates

Effective August 19, 2018

 

Visa Credit Cards Interest Rates and Interest Charges
Platinum Visa Credit Card2,3,5 Platinum Rebate Visa Credit Card2,3,4,5 Platinum Rewards Visa Credit Card2,3,5,7
Annual Percentage Rate (APR1) for Purchases
This APR will vary with the market based on the Prime rate.
1.99% introductory APR for six months9
After the introductory period:
8.24% to 14.65%3,5,6
1.99% introductory APR for six months9
After the introductory period:
11.74% to 15.65%3,5,6
1.99% introductory APR for six months9
After the introductory period:
10.74% to 15.65%3,5,6
APR for Balance Transfers
The APR will vary with the market based on the Prime Rate.
1.99% promotional APR for six months.8
After that, your APR will be
8.24% to 14.65%3,5,6
based on your creditworthiness.
1.99% promotional APR for six months.8
After that, your APR will be
11.74% to 15.65%3,5,6
based on your creditworthiness.
1.99% promotional APR for six months.8
After that, your APR will be
10.74% to 15.65%3,5,6
based on your creditworthiness.
APR for Cash Advances
This APR will vary with the market based on the Prime Rate.
8.24% to 14.65%3,5,6 11.74% to 15.65%3,5,6 10.74% to 15.65%3,5,6
Penalty APR and when it applies
None
Paying Interest
Your due date is at least 25 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month. We will begin charging interest on cash advances and balance transfers on the transaction date.
For Credit Card Tips from the Consumer Financial Protection Bureau
To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore.
Fees
Annual Fee
None
Transaction Fees:
  • Balance Transfers
  • Cash Advances
  • Foreign Transactions



None


Either $5 or 2.5% of the amount of each cash advance, whichever is greater.


1% of each international transaction requiring a currency conversion.
.8% of each international transaction in U.S. Dollars

Penalty Fees
  • Late Payment

Up to $15
How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)." Please see the "Visa Credit Card Agreement and Federal Truth-in-Lending" for more details.
  1. APR = Annual Percentage Rate.
  2. Rates, fees and terms may change. The terms of the Account are not guaranteed and we reserve the right to change Account terms, including APRs, at any time for any reason, in our sole and absolute discretion, in accordance with applicable law and the terms of the Visa Credit Card Agreement and Federal Truth-in-Lending Disclosure. See the Visa Credit Card Agreement and Federal Truth-in-Lending Disclosure for complete terms.
  3. Actual rate will be based upon the member’s creditworthiness and ability to repay.
  4. Receive a 1% cash rebate on purchases (less returns) with Platinum Rebate Visa Credit Card.
  5. Products, services, rates and terms are accurate as of August 19, 2018. Call our Member Contact Center for the most recent information.
  6. APR is determined on the first Tuesday of each month by adding a Margin to a variable Index in effect on the first Tuesday of the prior month. The Index is the Prime Rate published in the "Money Rates" section of The Wall Street Journal on the first Tuesday of the month preceding the month in which the change takes effect. Variable APRs disclosed above are based on the 5.00% Prime Rate published on July 3, 2018.
  7. Receive one point for every one U.S. dollar ($1) in eligible net purchases rounded to the nearest whole dollar.
  8. Promotional Rate: The promotional rate will apply to all balance transfers made between August 1, 2018, and September 30, 2018, and will be in effect for six months from the date of balance transfer. Upon expiration of the six (6) months, balances will be subject to variable Monthly Periodic Rates, and APRs calculated as set forth above.
  9. Introductory Rate: This rate will apply to all purchases made with a new Schools Visa Credit Card for six months from the date of card opening. Upon expiration of the six (6) months, balances will be subject to variable Monthly Periodic Rates and APRs calculated as set forth above.

Loan rates are established by the Board of Directors. Rates, terms, products and services are subject to change without notice.

Loan amount, rate and approval are based upon the member’s creditworthiness, payment history and ability to repay the loan.

Apply online at schools.org.

Call our Member Contact Center at 916-569-5400 (Sacramento area) or 800-962-0990 for the most current information.

 

Consumer Loan Rates

APR = Annual Percentage Rate.


Auto Loan, New

Effective September 13, 2018

Term APR as low as
0-48 months 3.09%
49-60 months 3.49%
61-66 months 3.49%
67-72 months 3.64%
73-84 months 4.09%
   

A new vehicle is defined as a current or previous model year with less than 10,000 miles. Financing for new vehicles is available for up to 125% of MSRP plus GAP waiver ($900 max) and cancelable products.1 GAP is not required. Your interest rate will be determined by the amount financed, loan term and your creditworthiness.
Representative Example: A $28,000, 48-month loan at 3.09% APR and 100% financing, would require 47 payments of $619.69 with one final payment of $619.56.
1 Cancelable products would include warranty and/or prepaid maintenance, up to $3,500 or 15% MSRP whichever is greater, $8,000 max.


Auto Loan, Used

Effective September 13, 2018

Term APR as low as
0-48 months 3.19%
49-60 months 3.59%
61-66 months 3.59%
67-72 months 3.79%
73-84 months 4.19%

Financing for used vehicles is available for up to 120% of Retail Blue Book value plus GAP waiver ($900 max) and cancelable products.2 Refinances up to 120% of Retail Blue Book value plus GAP waiver. GAP is not required. Your interest rate will be determined by the amount financed, loan term and your creditworthiness.
Representative Example: A $15,000, 48-month loan at 2.99% APR and 100% financing, would require 47 payments of $331.98 with one final payment of $331.76.
1 Cancelable products would include warranty and/or prepaid maintenance, up to $3,500 or 15% Retail Blue Book whichever is greater, $8,000 max.

2 Rates for cars, trucks, vans and sports utility vehicles with model years 2004 through 2008 will be priced at rates as low as 5.49%. The maximum term for a vehicle older than 10 years is 66 months.


Boat Loan, New

Effective September 13, 2018

Amount Term APR
$5,000 - $49,999 84 months 5.45% - 12.45%
$50,000 - $99,999 120 months 5.85% - 12.85%
$100,000 - $200,000 180 months 7.65% - 14.65%

100% NADA Retail, Marine Survey or Selling Price (including sales tax and license), whichever is less. GAP coverage is available for recreational vehicles for a maximum loan amount of $125,000 and for boats for a maximum loan amount of $50,000. Plus GAP (max. $1,000), and cancelable products up to the greater of $3,500 or 15% of NADA Retail/Selling Price (max. $8,000).Your interest rate will be determined by the amount financed, loan term and your creditworthiness.
Representative Example: A $25,000, 84-month loan at 6.25% APR would require 83 payments of $368.32 with one final payment of $367.37.
1 Maximum GAP waiver for boats and recreational vehicles ranges from $700 - $995 depending on loan amount. Maximum loan amount eligible for GAP coverage is $50,000 and coverage provided shall not exceed 84 months.


Boat Loan, Used

Effective September 13, 2018

Amount Term APR
$5,000 - $49,999 72 months 5.45% - 12.45%
$50,000 - $99,999 96 months 5.85% - 12.85%
$100,000 - $200,000 144 months 8.24% - 15.24%

100% NADA Retail, Marine Survey or Selling Price (including sales tax and license), whichever is less. GAP coverage is available for recreational vehicles for a maximum loan amount of $125,000 and for boats for a maximum loan amount of $50,000. Plus GAP (max. $1,000), and cancelable products up to the greater of $3,500 or 15% of NADA Retail/Selling Price (max. $8,000). Your interest rate will be determined by the amount financed, loan term and your creditworthiness.
Representative Example: A $25,000, 84-month loan at 6.25% APR would require 83 payments of $368.32 with one final payment of $367.37.
1 Maximum GAP waiver for boats and recreational vehicles ranges from $700 - $995 depending on loan amount. Maximum loan amount eligible for GAP coverage is $50,000 and coverage provided shall not exceed 84 months.


Motorcycle, New

Effective September 13, 2018

Amount Term APR
$1,000 - $50,000 84 months 4.85% - 11.85%

A new vehicle is defined as a current or previous model year with less than 100 miles. 100% Retail Blue Book or Selling Price (including sales tax and license), whichever is less. Plus GAP (max. $1,000), and cancelable products up to the greater of $3,500 or 15% of NADA Retail/Selling Price (max. $8,000). Your interest rate will be determined by the amount financed, loan term and your creditworthiness.
Representative Example: A $10,000, 84-month loan at 6.25% APR would require 83 payments of $147.14 with one final payment of $146.38.


Motorcycle, Used

Effective September 13, 2018

Amount Term APR
$1,000 - $35,000 60 months (max. 5 model years) 4.85% - 11.85%

100% Retail Blue Book or Selling Price (including sales tax and license), whichever is less. Plus GAP (max. $1,000), and cancelable products up to the greater of $3,500 or 15% of NADA Retail/Selling Price (max. $8,000). Your interest rate will be determined by the amount financed, loan term and your creditworthiness.
Representative Example: A $10,000, 60-month loan at 7.99% APR would require 59 payments of $202.73 with one final payment of $202.53.


Recreational Vehicle, New

Effective September 13, 2018

Amount Term APR
$5,000 - $49,999 84 months 4.89% - 12.49%
$50,000 - $99,999 120 months 4.89% - 12.99%
$100,000 - $200,000 180 months 4.99% - 13.29%

A new vehicle is defined as a current or previous model year (financed before January 1 of the current year), with less than 10,000 miles. 110% NADA low Retail or Selling Price (including sales tax and license), whichever is less. Limited to 90% for motorized RVs. Plus GAP (max. $1,000), and cancelable products up to the greater of $3,500 or 15% of NADA low Retail/Selling Price (max. $8,000). GAP coverage is available for recreational vehicles for a maximum loan amount of $125,000 and for boats for a maximum loan amount of $50,000. Maximum GAP waiver for recreational vehicles ranges from $700 - $995, depending on loan amount. Maximum loan amount eligible for GAP coverage is $125,000 and coverage provided shall not exceed 84 months. Your interest rate will be determined by the amount financed, loan term and your creditworthiness.
Representative Example: A $35,000, 84-month loan at 4.89% APR would require 83 payments of $492.94 with one final payment of $492.12.


Recreational Vehicle, Used

Effective September 13, 2018

Amount Term APR
$5,000 - $49,999 84 months (max. 12 model years) 4.99% - 12.69%
$50,000 - $99,999 120 months (max. 9 model years) 5.19% - 13.19%
$100,000 - $200,000 180 months (max. 6 model years) 5.49% - 13.69%

110% NADA low Retail or Selling Price (including sales tax and license), whichever is less. Plus GAP (max. $1,000), and cancelable products up to the greater of $3,500 or 15% of NADA low Retail/Selling Price (max. $8,000). GAP coverage is available for recreational vehicles for a maximum loan amount of $125,000 and for boats for a maximum loan amount of $50,000. Limited to 90% for motorized RVs. Maximum GAP waiver for recreational vehicles ranges from $700 - $995, depending on loan amount. Maximum loan amount eligible for GAP coverage is $125,000 and coverage provided shall not exceed 84 months. Your interest rate will be determined by the amount financed, loan term and your creditworthiness.
Representative Example: A $35,000, 72-month loan at 4.99% APR would require 71 payments of $563.57 with one final payment of $562.92.


Airplane, New

Effective September 13, 2018

Amount Term APR
$5,000 - $49,999 84 months 6.25% - 13.25%
$50,000 - $99,999 120 months 7.65% - 14.65%
$100,000 - $200,000 240 months 7.65% - 14.65%

A new airplane is defined as a current or previous model year only (financed before January 1 of the current year). Financing is available for up to 100% of selling price, including sales tax and license. Your interest rate will be determined by the amount financed, loan term, and your creditworthiness.
Representative Example: A $35,000, 84-month loan at 6.25% APR would require 83 payments of $514.97 with one final payment of $514.32.


Airplane, Used

Effective September 13, 2018

Amount Term APR
$5,000 - $49,999 72 months (max. 12 model years) 7.99% - 14.99%
$50,000 - $99,999 156 months (max. 9 model years) 8.24% - 15.24%
$100,000 - $200,000 180 months (max. 6 model years) 8.24% - 15.24%

Financing is available for up to 100% of Wholesale Guide or appraisal, whichever is less. Your interest rate will be determined by the amount financed, loan term, and your creditworthiness.
Representative Example: A $35,000, 72-month loan at 7.99% APR would require 71 payments of $613.54 with one final payment of $613.45.


NEW Jet Ski, ATV, Snowmobile, Neighborhood Electric Vehicle, Horse Trailer1

Effective September 13, 2018

Amount Term APR
$1,000 - $50,000 84 months 5.45% - 12.45%

Financing is available for up to 100% of selling price, including sales tax, license and GAP1 waiver ($399 Max). Your interest rate will be determined by the amount financed, loan term and your creditworthiness.
1 Horse Trailers are not eligible for GAP.
Representative Example: A $15,000, 84-month loan at 6.25% APR would require 83 payments of $220.70 with one final payment of $220.56.


Personal Loan

Effective September 13, 2018

Amount Term APR
Up to $25,000 60 months 8.24% - 15.15%

Unsecured personal loan limits are subject to Credit Union policies.
Representative Example: A $10,000, 60-month loan at 8.24% APR and 100% financing, would require 59 payments of $203.96 with one final payment of $203.26.


Line of Credit

Effective September 1, 2018

Amount Repayment Terms APR
Up to $25,000 $10 per $500 8.24% - 15.15%

Unsecured loan limits are subject to Credit Union loan policies.
This APR will vary with the market based on the Prime Rate. APR is determined on the first Tuesday of each month by adding a variable Index in effect on the first Tuesday of the prior month to a Margin. The Index is the Prime Rate published in the print edition of The Wall Street Journal on the first Tuesday of the month preceding the month in which the change takes effect. Variable APRs disclosed above are based on the 5.00% Prime Rate published on August 1, 2018.


Certificate Secured

Effective September 13, 2018

Limit Term Rate
80% Face value of certificate At certificate maturity Certificate rate + 3.00% APR

Loan amount is limited to 80% of face value of your certificate.
Representative Example: A $10,000, 120-month loan at 4.99% APR, would require 120 payments of $106.04 with one final payment of $105.25.


Share Secured

Effective September 13, 2018

Term APR
120 months 4.99%

Loan amount is limited to the amount deposited in the account.
Representative Example: A $10,000, 120-month loan at 4.99% APR that will secure the loan, would require 120 payments of $106.04 with one final payment of $105.25.


Computer

Effective September 13, 2018

Amount Term APR
$500 - $5,000 36 months 7.79%

Representative Example: A $3,000, 36-month loan at 7.79% APR would require 35 payments of $93.72 with one final payment of $93.66.


Educator

Effective September 13, 2018

Loan Limit Term APR
Administrator Credential Cost of program 48 months 5.90%
Classroom Supplies1 $500 10 months 0.00%
Educator Computer $500 - $5,000 36 months 6.90%
Teacher Certification2 $2,500 24 months 5.90%
Teacher Intern3 Cost of program 36 months 5.90%
Teacher Relocation4 $5,000 36 months 8.90%

1 Available to certificated employees only.
2 Available to certificated employees who qualify for the National Board for Professional Teaching Standards (NBPTS) test only.
3 Eligible participants work for an Office of Education within our field of membership and have been accepted into the program.
4 Available to certificated employees only. Must provide proof of a signed contract with a school in Schools’ field of membership.
Representative Example: A $3,000, 36 month loan at 8.90% APR would require 35 payments of $95.27 with one final payment of $95.22.
Contact the Credit Union to apply for an Administrator Credential Loan.

Home Loan Rates

APR = Annual Percentage Rate


Mortgage Loan Rates

Effective September 21, 2018

Term Rate APR Payment Amount (P&I)
 
30-year Fixed Rate No Points4.625%4.672%
20-year Fixed Rate No Points4.750%4.814%
15-year Fixed Rate No Points4.125%4.205%
10-year Fixed Rate No Points4.250%4.366%
 
5/1 Adjustable Rate (ARM) No Points3.500%4.371%
Hometown 97 10/1 Adjustable Rate (ARM) No Points14.125%4.413%
Hometown 97 7/1 Adjustable Rate (ARM) No Points24.000%4.455%
Hometown 97 5/1 Adjustable Rate (ARM) No Points33.875%4.505%
Jumbo 30-year Fixed Rate No Points4.375%4.397%
Jumbo 5/1 Adjustable Rate (ARM) No Points3.500%4.359%
 
15-year Fixed Short-Term, Low-Rate No Points, No Fees Loan4.500%4.500%
10-year Fixed Short-Term, Low-Rate No Points, No Fees Loan4.500%4.500%
Rates quoted are for single family detached, owner occupied properties in California.
Points, rates & APR are depend on your creditworthiness.
Add-on fees may range from .125 points to 3.0 points or more depending on the loan characteristics. Second Homes and Investment Properties limited to 60% Loan to Value (LTV).
Purchase and refinance limited to 95% maximum LTV.
Payment examples are based on an 80% LTV. PMI will be required if the financed amount is over 80%.
Rates listed are for informational purposes only. Not all applicants will qualify for all rates.
Property insurance required. Flood insurance required when applicable.
Minimum loan amount of $100,000.00 required for the Short-Term, Low-Rate Mortgage.
Payment example amounts only include principal and interest and do not include taxes and insurance. Actual payments may be greater.
ARM rates are variable and subject to change after the fixed term (i.e. 5/1 fixed for first 5 years. 7/1 ARM fixed for first 7 years, and 10/1 ARM fixed for first 10 years). After the fixed term, rates may change every year and are calculated based on index plus margin, but cannot increase more than 2% in any annual adjustment. Index based on the weekly average yield on U.S. Treasury securities adjusted to a constant maturity of one year, as made available by the Federal Reserve Board (1 year T-bill).

A $250,000, 30-year fixed-rate, one-point loan, at 4.375% has 360 payments of $1,248.21. Other rates and terms available. Your rate may vary from those shown.

A $250,000, 5/1 adjustable rate, zero-point loan at 3.375% has 60 payments of $1,105.24. Payment number 61 is subject to change depending on rate adjustment. Rates are calculated upon adjustment by adding a margin to the index.

A $250,000,15-year fixed-rate, zero-point loan at 4.750 has 180 payments of $1,944.58.

*If more than 20% of the original principal amount is paid off within the first 12 months, a pre-payment charge equal to the amount of your closing cost (including add-on fees) or the sum of six (6) months’ interest on the amount of the excess, whichever is less will apply.

 

Home Equity Loan Rates

Effective September 1, 2018

Term Loan Amount Maximum Loan-to-Value Rate APR1
48 $10,000 - $250,000 80%2 4.990% 4.990%
48 $10,000 - $100,000 90% 5.240% 5.240%
         
60 $10,000 - $250,000 80%2 5.240% 5.240%
60 $10,000 - $100,000 90% 5.490% 5.490%
         
84 $10,000 - $250,000 80%2 5.490% 5.490%
84 $10,000 - $100,000 90% 5.740% 5.740%
         
120 $10,000 - $250,000 80%2 5.740% 5.740%
120 $10,000 - $100,000 90% 5.990% 5.990%
         
180 $10,000 - $250,000 80%2 5.990% 5.990%
180 $10,000 - $100,000 90% 6.240% 6.240%

All loans are subject to credit approval and Credit Union policies and procedures. Other terms and conditions may apply. Equity loans are not allowed behind negatively amortizing first mortgage loans (including reverse mortgages) or first mortgages with a balloon. Equity loans must be in second lien position. Properties with no existing mortgage are ineligible for our equity loan product. If a Schools Equity Loan is currently in first lien position it cannot be refinanced. In this circumstance, an additional equity loan may be placed in second lien position. Members are limited to owner-occupied equity loans.
Loans paid off within three years of the date of the note will be subject to an early closure fee in the amount of $250. Plus title and escrow fees of up to $1,500 for loans with construction in progress. For loan amounts $100,000 and under, "no closing costs" are based on the property value being established using an Automated Valuation Model (AVM).
1 APR = Annual Percentage Rate.
2 Maximum LTV of 75% for 2-unit properties.

  • All loans are subject to a demand fee of up to $30 upon request for payoff.
  • A reconveyance fee of $45 plus the applicable county recording fee will be collected at payoff.
  • Property insurance is required. Flood insurance required when applicable.

Representative Example: A loan in the amount of $30,000, at an APR of 5.740% and a term of 120 months would have a payment of $328.71.



 

Home Equity Line of Credit Rates

Effective July 18, 2018

Product Credit Limit APR Index Margin Maximum Rate Fees
HELOC I 80%9 LTV5,6,7,8 $5,000 - $99,999 5.74%1 5.00%1 0.74%2 17.00% $50 Annual Fee (waived first year)
HELOC I 80%9 LTV5,6,7,8 $100,000 - $250,000 5.49%1 5.00%1 0.49%3 17.00% $50 Annual Fee (waived first year)
HELOC II 80%9 LTV5,6,7,8 $5,000 - $99,999 5.74%1 5.00%1 0.74%2 11.74%13 $75 Annual Fee (waived first year)
$400 Documentation Fee10,11,12
HELOC II 80%9 LTV5,6,7,8 $100,000 - $250,000 5.49%1 5.00%1 0.49%3 11.49%10 $75 Annual Fee (waived first year)
$400 Documentation Fee10,11,12
HELOC NOO7,14 70%15 LTV $10,000 - $49,900 7.00% 5.00% 2.00%9 17.75% $50 Annual Fee (waived first year)

 

  1. The APR is variable. The APR is determined by adding the applicable “Margin” to the “Index” in effect on each APR Adjustment Date. The Index is the Prime Rate as published in the “Money Rates” section of the Wall Street Journal.
  2. Final APR and Margin are based on creditworthiness and loan to value (LTV). Margin ranges from 0.74% - 1.74%, based on FICO and LTV.
  3. Final APR and Margin are based on creditworthiness and loan to value (LTV). Margin ranges from 0.49% - 1.49%, based on FICO and LTV.
  4. Final APR and Margin are based on creditworthiness and loan to value (LTV). Margin ranges from 2.00% - 3.00%, based on FICO and LTV.
  5. All lines of credit are subject to credit approval and Credit Union policies and procedures. Other terms and conditions may apply. 
  6. Initial draw period of 10 years, with an additional 15-year repayment term. 
  7. HELOCs are not allowed behind negatively amortizing first mortgage loans (including reverse mortgages) or first mortgages with a balloon.
  8. Members may have only one Owner-Occupied HELOC open at any time.
  9. Maximum LTV of 75% for two-unit properties
  10. Third party fees of up to $1,500 are waived unless you pay off your loan within the first three years.
  11. Plus title and escrow fees of up to $1,500 for loans with construction in progress.
  12. For loan amounts $99,999 and under, “no closing costs” are based on the property value being established using an Automated Valuation Model (AVM).
  13. The maximum rate is 6% over the rate in effect the day your loan documents are drawn.
  14. Initial draw period of 10 years with an additional 12-year repayment term.
  15. Maximum LTV of 65% for two-unit properties
  • All loans are subject to a demand fee of up to $30 upon request for payoff.
  • A reconveyance fee of $45 plus the applicable county recording fee will be collected at payoff. 
  • Property insurance is required. Flood insurance required when applicable.