| Loan Type |
Annual Percentage Rate (APR) as low as* |
Maximum Loan Amount |
| Express Loan '21 |
5.99%√ |
$5,000
|
| Signature Cash Personal Line of Credit |
10.40%** |
$50,000
|
| Signature Cash Personal Loan |
7.99%*** |
$50,000 |
| Credit Builder Loan |
Current Savings Rate at closing plus 3.00%**** |
$1,000 |
*Annual Percentage Rate. Rates, terms and conditions are subject to change and vary based on creditworthiness and qualifications. All loans subject to approval.
√Payment Example Express Loan '21: For a $5,000 loan for 36 months with a 5.99% APR, the monthly payment will be $152.10.
**Rates are as low as 10.40% APR, Non-Variable. The minimum loan amount is $250. Monthly payments are based on $30 for up to every $1,000 borrowed. Payment example for Signature Cash Personal Line of Credit: The term is estimated at 40 months based on an initial loan amount of $1,000, no additional loan advances completed, an APR of 10.40%, and a $30 monthly payment. This payment amount is an example.
***Payment example for Signature Cash Personal Loan: For a $2,500 loan for a 12 months with a 7.99% APR, the monthly payment will be $217.46.
****Payment example for Credit Builder Loan: For a $1,000 loan for a term of 12 months with a 3.15% APR, the monthly payment will be $84.76.
Credit Cards
*Annual Percentage Rate. APR is a variable rate. Rates, terms and conditions are subject to change and vary based on creditworthiness and qualifications. All loans subject to approval.
Mortgages
| Mortgage Type* |
Details |
| Mortgage Rates |
View Mortgage Rates |
| First Mortgage |
Minimum $10,000. Max $510,400. |
| Mortgage Refinances |
Minimum $10,000. Max $510,400. |
| Second Mortgage Fixed Rate |
Will loan up to 100% of the appraised value based on credit worthiness. Minimum $5,000. Maximum $400,000.
|
| ARM Loans |
On the anniversary date: Interest rate is set at the weekly average yield on the 12 month T-Bill as reported in the Wall Street Journal plus the appropriate margins for First Mortgages. Caps are 2% per year and 6% over life of the loan. |
| Residential/Unimproved Land |
We will finance up to 80% of appraised value or purchase price, whichever is less; minimum amount $10,000.00; maximum amount $200,000.00. Call for term information. |
| Convertible Loans |
After fixed period, rate converts to the weekly average yield on the 12 month T-Bill as reported in the Wall Street Journal plus the appropriate margins on the First Mortgages. The Caps are 2% per year and 6% over life of the loan. Call for term information. |
| Escrows |
Escrows are required on all first mortgage products with a loan value over 80%. |
*Rates, terms and conditions are subject to change and vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval.
Home Equity Line of Credit
| Home Equity Product |
Interest Rates as low as |
Annual Percentage Rate (APR) as low as |
| Home Equity Line of Credit (up to 100% Loan-to-Value) |
3.00% |
3.00% |
*The Annual Percentage Rate is a variable rate and the maximum APR that can apply is 12.25%. The annual percentage rate may vary after the account is opened. Closing costs may range from $81.50 to $1,500. Property insurance is required and not included in the closing costs. Potential line of credit is $5,000 minimum and $400,000 maximum. Rates, terms and conditions are subject to change and vary based on credit worthiness, qualifications and collateral conditions. All loans subject to approval.
Investment Properties
| Investment Property Product |
Interest Rates as low as |
Annual Percentage Rate (APR) as low as |
| 5 Year Convertible Rate (5/5) |
2.750% |
3.353%
|
| 15 Year Fixed Rate |
3.000% |
3.173% |
*Annual Percentage Rate. Rates, terms and conditions are subject to change and vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval. Payment example for 5/5 Balloon loan for $200,000 on 25 years at 2.75%: the monthly payment would be $922.62 for the initial 5 year rate lock
15 year fixed rate loan for $200,000 on 15 year amortization at 3.0%: the monthly payment would be $1,381.16.
Checking Accounts
| Account Type |
Dividend Rate as of July 1, 2021 |
Annual Percentage Yield (APY)* |
| Commonwealth Business Account* |
0.10% |
0.10% |
|
commonWEALTH
No minimum balance
|
0.10% |
0.10% |
|
Round UP
No minimum balance
|
see Round UP Savings |
see Round UP Savings |
*Annual Percentage Yield. The APY is variable and may change after account opening without notice. Commonwealth Business Account must maintain an average daily balance of $5,000 to earn dividends. APY is accurate as of the last dividend declaration date.
Savings (including Traditional and Roth IRAs)
| Account Type |
Dividend Rate as of July 1, 2021 |
Annual Percentage Yield (APY)* |
| Regular/Minor Savings |
0.15% |
0.15% |
| Vacation Club/Christmas Savings |
0.15% |
0.15% |
| Round UP Savings**Round up savings is only for funds transferred from the Round UP Checking account. No additional deposits allowed. Dividends paid annually and subject to change without notice. |
5.00% |
5.00% |
| Traditional/Roth IRA |
0.20% |
0.20% |
*Annual Percentage Yield. The APY is variable and may change after account opening without notice. Dividends are paid and compounded Monthly. APY assuming dividends are reinvested. APY is accurate as of the last dividend declaration date.
**Round Up Savings is only for funds transferred from the Round UP Checking account. No additional deposits allowed. Dividends paid annually and subject to change without notice.
Certificates (Regular, Traditional IRA, and Roth IRA)
| Term |
Dividend Rate as of July 1, 2021 |
Annual Percentage Yield (APY)* |
|
6 months
$1,000 minimum
|
0.40% |
0.40% |
12 months
$1,000 minimum |
0.65% |
0.65% |
18 months
$1,000 minimum |
0.75% |
0.75% |
24 months
$1,000 minimum |
0.85% |
0.85% |
36 months
$1,000 minimum |
0.95% |
0.95% |
48 months
$1,000 minimum |
1.00% |
1.00% |
60 months
$1,000 minimum |
1.19% |
1.20% |
|
Grow with Me**
$250 minimum
This account is available only for members under 18 years of age. Accounts may be opened between October 1 and October 31 each year.
|
Please Check Back October 1, 2021 |
Please Check Back October 1, 2021 |
*Annual Percentage Yield. Dividend Rates are subject to change without notice. Dividends are paid and compounded Monthly. Substantial Penalties apply for early withdrawal. Annual Percentage Yield assuming dividends are reinvested.
**Each member may only have one account. The maximum initial deposit is $1000. After the account is opened, additional deposits are permitted between October 1 and October 31 each year. No more than $1000 may be deposited to the account for each year that the account has been open. Early withdrawal penalties may apply. Fees may reduce earning on the account.
Money Market Accounts
| Average Daily Balance |
Dividend Rate |
Annual Percentage Yield (APY)* |
| $100,000 and up |
0.40% |
0.40% |
| $50,000 to $99,999.99 |
0.35% |
0.35% |
| $25,000 to $49,999.99 |
0.30% |
0.30% |
| $10,000 to $24,999.99 |
0.20% |
0.20% |
| $2,500 to $9,999.99 |
0.15% |
0.15% |
*Annual Percentage Yield. Dividend Rates are variable and subject to change after account opening without notice. Dividends are paid and compounded monthly based on average daily balance. Minimum balance of $2,500 required to earn the stated APY. Fees could reduce earnings. APY is accurate as of the last dividend declaration date.
Wealth Development Certificate
- Required monthly contribution transfer from account once per month
- One withdrawal allowed within a 90-day period**
| Term |
Min to Open |
Monthly Min/Max |
Annual Percentage Yield (APY)* |
| 24 months |
$5.00 |
$20/$400 |
5.00%, paid annually |
| 48 months |
$5.00 |
$20/$200 |
5.00%, paid annually |
*Annual Percentage Yield. Accurate as of July 1, 2021. Early withdrawal penalties may reduce earnings. Funds transferred to a regular savings account at maturity. Dividend paid annually on the anniversary of the open date.
**A subsequent withdrawal in the same 90-day period will be subject to an early withdrawal penalty and the certificate will be closed.
