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Loans| Mortgage| Savings| Certificates
Loan Rates
*Rates based on credit experience. Rates listed are the lowest rates available at CP Federal Credit Union. Term listed is the maximum term available. All rates subject to change without notice.
**Maximum Unsecured Loan $15,000. Unsecured loans include: Vacation, Home Improvement, Debt Consolidation, Tax Refund loans and other fixed rate unsecured loans. Home Improvement loans require estimates and checks written directly to contractor or supplier.
| Visa & Line of Credit |
Rate |
|
|
| VISA Classic |
12.00 |
Fixed Rate with $10 Annual Fee |
Calculator |
| VISA Gold |
9.50 |
Fixed Rate with NO Annual Fee |
Calculator |
| VISA Platinum |
8.25 |
Adjust Annually: Prime + 3.00% |
Calculator |
| Line of Credit |
12.00% |
|
Calculator |
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Mortgage Rates
Free Pre-Approval!!! 100% Financing Available!!!
Conventional Loans:
Conventional loans must meet Fannie Mae Guidelines; maximum loan amount for conventional loans is $359,650, Jumbo loans $750,000. All property financed with CP Federal must be owner occupied, no investment or rental property allowed. Conventional loans over 80% LTV requireMortgage Insurance.
*Adjustable Rate mortgages have a 3.00% Margin with the index of the One Year Treasury Bill Rate with lifetime cap from 5.00% to 6.00%. The APR and payments are subject to change on an annual basis after the initial fixed rate term. On the first change date the interest can not increase or decrease more than 2% for the 1 year, 3 year & 5 year arms. The 7 year arm can not increase more than 5% on the first rate change and 2% each year thereafter with a lifetime cap of 5.00%.
Non-Conventional Loans:
Manufactured Homes & Vacant Land Loans
Nonconventional loans are available, contact a credit union represetative for details.
| Product |
Rate |
APR |
Amortization |
|
| 7/1 ARM* |
7.625% |
7.914% |
20 year |
Calculator |
| 20 Year Fixed* |
7.500% |
7.640% |
20 year |
Calculator |
| 3/1 ARM |
7.375% |
7.947% |
30 year |
Calculator |
| 5/1 ARM |
7.500% |
7.908% |
30 year |
Calculator |
| Vacant Land |
|
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|
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| 5 year balloon** |
6.50% |
6.602% |
30 year |
Calculator |
*Must meet Fannie Mae Underwriting guidelines.
All Manufactured Homes must be on permanent foundation with land included on mortgage or deed of trust. All loans over 80% LTV require PMI coverage.
**20% down payment required for 10 acres or less, 30% down payment for over 10 acres, maximum loan amount $150,000.
Home Equity Rates***
Home Equity rates are based on credit experience, rates listed are the lowest available
.
***Home Equity loans up to 80% CLTV have a maximum loan amount of $150,000; all home equity loans over 80% CLTV have a maximum loan amount of $50,000. Home values may be determined by using the SEV x 2 or an appraisal, if an appraisal is needed the member cost is between $175-$300 and must be collected in advance. All home equity loans over $100,000 require an appraisal.
****HELOC rates adjust quarterly based on prime rate plus the margin listed above, they have a 2% annual cap and 6% lifetime cap for increases in the adjusted rate. The index is the PRIME RATE as published in the WALL STREET JOURNAL, under Money Rates.
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Savings & Other Account Rates
| Accounts |
Dividend Rate |
APY* |
| Freedom Checking |
0.00% |
0.00 % |
| Benefits Plus Checking |
0.50 % |
0.50% |
| GPC Benefits Plus Checking |
0.50 % |
0.50 % |
| Business Checking |
0.50 % |
0.50 % |
| Non Interest Checking |
0.00% |
0.00 % |
| Campus Checking |
0.00% |
0.00 % |
| Independence Checking |
0.00 % |
0.00 % |
| Regular Shares |
0.50 % |
0.50 % |
| Shares Pledged |
0.50 % |
0.50 % |
| CP Money Tree |
0.50 % |
0.50 % |
| Education Shares |
1.48 % |
1.50 % |
| Auto Purchase Shares |
1.48 % |
1.50 % |
| Home Purchase Shares |
1.48 % |
1.50 % |
| Christmas Club |
1.00 % |
1.01 % |
| Vacation Club |
1.00 % |
1.01 % |
| Health Savings Accounts |
4.00% |
5.12% |
| Non Interest Shares |
|
0.00 % |
|
Super Cash |
|
|
| $0.00 - $5,000.00 |
|
0.00 % |
| $5,000.01 - $20,000.00 |
1.50% |
1.51% |
| $20,000.01 - $50,000.00 |
2.00% |
2.02% |
| $50,000.01 and over |
2.25% |
2.78% |
| IRA Variable-Share Account |
1.25 % |
1.26% |
*APY = Annual Percentage Yield APR= Annual Percentage Rate
Certificate Rates
| Certificates |
Dividend Rate |
APY* |
| 80-91 Day Certificate (3 Month) |
1.980% |
2.00% |
| 181-365 Day Certificate (6 Month) |
2.080% |
2.10% |
| 366-546 Day Certificate (12 Month) |
2.230% |
2.25% |
| 547-730 Day Certificate (18 Month) |
2.230% |
2.25% |
| 731-900 Day Certificate (24 Month) |
2.720% |
2.75% |
| 901-1095 Day Certificate (30 Month) |
2.720% |
2.75% |
| 1096-1460 Day Certificate (36 Month) |
2.960% |
3.00% |
| 1461-1825 Day Certificate (48 Month) |
3.200% |
3.25% |
| 1826-2190 Day Certificate (60 Month) |
3.200% |
3.25% |
*APY= Annual Percentage Yield/APR= Annual Percentage Rate
**Benefits Plus members earn 0.10% APY more on CDs! Ask how you can become a Benefits Plus Member Today!
***Early withdrawal penalties may apply to some term share accounts
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