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APY = Annual Percentage Yield. Fees may reduce earnings.

Share Rates effective as of March 20, 2020.

Term Share Certificate Rates effective as of August 10, 2020.

Consumer Loan Rates effective as of September 1, 2020.

Checking

Product Dividend Rate APY
Golden Power Checking 0.10% 0.10%
Business Checking 0.10% 0.10%

Michigan Made Checking

Reward Tier

Balances up to $10,000

Balances of $10,000 - $20,000

Balances of $20,000 - $999,999,999

ATM Fee Refunds

Erie (0 – 1 Points)

0.00%APY

0.00%APY

0.00%APY

 

Ontario (2 – 3 Points)

0.25%APY

0.15%APY

0.05%APY

 

Huron (4 – 5 Points)

0.50%APY

0.25%APY

0.10%APY

 

Michigan (6 – 10 Points)

2.00%APY

1.00%APY

0.35%APY

Up to $10

Superior (11+ Points)

2.25%APY

1.25%APY

0.50%APY

Up to $10

Savings

Product Dividend Rate APY
Business Savings 0.10% 0.10%
Regular Shares, Shares Pledged and CP Money Tree 0.10% 0.10%
Non-Interest Shares 0.00% 0.00%
Club Accounts 0.35% 0.35%

Share Certificates See Details

Term Dividend Rate APY
3 Months 0.150% 0.150%
6 Months 0.250% 0.250%
12 Months 0.400% 0.400%
18 Months 0.450% 0.450%
24 Months 0.500% 0.500%
30 Months 0.550% 0.550%
36 Months 0.700% 0.700%
48 Months 0.850% 0.850%
60 Months 1.000% 1.000%

Benefits Plus members earn 0.10% APY more on Share Certificates!

Ask how you can become a Benefits Plus Member Today! Early withdrawal penalties may apply to some term share accounts.

All Term Share Certificates have a minimum deposit of $500, the rates and terms above are based on this minimum deposit amount. Contact a Member Service Representative for exact APYs for a specific amount and term.

Fees could reduce the earnings of the account.

Individual Retirement Accounts (IRAs) See Details

Type Dividend Rate APY
Traditional 0.25% 0.25%
Roth 0.25% 0.25%
IRA 0.25% 0.25%

Super Cash Money Market See Details

Balance Dividend Rate APY
0 - $5,000 0.00% 0.00%
$5,000.01 - $20,000 0.15% 0.15%
$20,000.01 - $50,000 0.20% 0.20%
$50,000.01+ 0.25% 0.25%

Loans & Credit

Product Term up to Rate (APR**) As Low As
Auto Loans (New) 60 Months 2.49%
Auto Loans (New) 61-72 Months 2.49%
Auto Loans (Used) 60 Months 2.49%
Auto Loans (Used) 61-72 Months 2.49%
Boat Loans 72 Months 3.49%
Boat Loans (> $20,000) 73 - 144 Months 4.49%
Boat Loans (> $40,000) 145 - 180 Months 4.99%
RV Loans 72 Months 3.99%
RV Loans (> $20,000) 73 - 144 Months 4.99%
RV Loans (> $40,000) 145 - 180 Months 5.49%
Motorsports 72 Months 5.25%
Other Collateral 72 Months 5.75%
Unsecured Loans1
Signature Loan 60 Months 9.00%
Home Improvement Loan 120 Months 8.00%
Visa Cards & Line of Credit2
Visa Cash In Fixed Rate (Risk Based Pricing Applies) 9.50%
Visa To Go Adjusts Annually (Prime + 3.00%) 6.25%
Visa Business Adjusts Annually (Prime + 4.00%) 9.25%
Line of Credit Fixed Rate (NO Annual Fee) 12.00%

*All rates and terms are subject to change without notice. Rates listed are the lowest rates available at CP Federal Credit Union to qualifying members with high credit scores. Actual rates may be higher and are determined by a member’s individual credit score.

Home Equity Loans / HELOC

Product Margin Rate (APR**) As Low As
Home Equity Line of Credit +0.75% 4.00%
Fixed Rate Home Equity Loan (Terms up to 180 Months)   4.75%

**APR = Annual Percentage Rate.

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.

If an appraisal is needed the member cost is up to $450 and must be collected in advance. All home equity loans over $100,000 require an appraisal.

All rates based on credit experience and are subject to change without notice. Rates listed are the lowest rates available at CP Federal Credit Union. Term listed is the maximum term available.  

HELOC rates adjust monthly based on prime rate plus the margin listed above; they have a 2% annual cap and a 4% floor rate for decreases in the adjusted rate. The index is the PRIME RATE as published in the WALL STREET JOURNAL, under Money Rates.

Fees could reduce the earnings of the account.

Mortgage Loans

NOTICE

We are currently expereincing higher than usual volumes of loan applications and phone calls and we are working diligently to get to everyone in a timely manner. We are just as excited to work through your application with you, however, it is taking a little longer than usual due to the higher application volumes. We thank you for your patience and appreciate your understanding!

Product Rate Rate (APR**) As Low As
Conventional Sold Loans
30 Year Fixed

3.250%

3.353%
15 Year Fixed 2.750% 2.935%
Conventional Portfolio Loans
30 Year Fixed 3.250% 3.353%
20 Year Fixed 3.000% 3.144%
15 Year Fixed 2.750% 2.935%
10 Year Fixed 2.500% 2.767%
Construction Loans
30 Year 3.500% 3.833%
20 Year 3.250% 3.711%
15 Year 3.000% 3.590%
10 Year 2.750% 3.595%
Vacant Land Loans
5 Year Balloon / 30 Year Amortization 5.750% 5.985%

 

**APR = Annual Percentage Rate

All rates based on credit experience and are subject to change without notice. Rates listed are the lowest rates available at CP Federal Credit Union. Term listed is the maximum term available.

*Rates and APRs may vary depending on loan details, such as loan amount, loan-to-value, your credit, property type, purpose (purchase or refinance with cash-out vs. cash-out), occupancy (owner occupied or second home) and points paid. Rates are subject to change without notice. You will need to speak to one of our loan officers to obtain a specific quote or to lock a rate.