NEWS YOU CAN USE:  BRING YOUR LOANS TO CFCU FOR LOWER RATES  AUTO LOAN RATES AS LOW AS 3.99% APR  CELEBRATING 35 YEARS OF BANKING MADE BETTER  WE ARE SAFE, SOUND, STABLE, STRONG AND SECURE   CFCU WELCOMES THE BUILDING INDUSTRY ASSOCIATION (BIA) TO OUR FIELD OF MEMBERSHIP  CFCU WANTS TO HELP YOU DURING THE ECONOMIC CRISIS AND ENCOURAGES YOU TO VISIT: www.RightAtHomeAnswers.org AS A PRACTICAL GUIDE IN THE AVOIDANCE OF BECOMING A STATISTIC DURING TOUGH TIMES  GOD BLESS AMERICA  CELEBRATING 35 YEARS OF BANKING MADE BETTER   REPORT LOST OR STOLEN CARDS TO (800) 754-4128    WE ARE SAFE, SOUND, STABLE, STRONG AND SECURE   CONFIDENCE MATTERS IN A TROUBLED WORLD    INVEST IN AMERICA - AUTO DISCOUNTS AVAILABLE TO MEMBERS THROUGH G.M. & CHRYSLER   WE ARE A FIVE STAR INSTITUTION AND A SAFE PLACE TO DEPOSIT YOUR HARD EARNED MONEY    WORRIES FADE AS SAVINGS GROW   WE ARE SAFE, SOUND, STABLE, STRONG AND SECURE  GOD BLESS AMERICA  REPORT LOST OR STOLEN CARDS TO (800) 754-4128     EFFECTIVE OCTOBER 3, 2008: FEDERAL INSURANCE ON ALL INDIVIDUAL CFCU DEPOSITS IS UP TO AT LEAST $250,000.00    WORRIES FADE AS SAVINGS GROW     WE ARE SAFE, SOUND, STABLE, STRONG AND SECURE   REPORT LOST OR STOLEN CARDS TO (800) 754-4128   CONSTRUCTION FEDERAL CREDIT UNION HAS A FIVE STAR SUPERIOR RATING WITH BAUER FINANCIAL (A NATIONAL BANK & CREDIT UNION RATING SERVICE)  -  THIS RATING STATES WE ARE SAFE, FINANCIALLY SOUND & OPERATING WELL ABOVE REGULATORY CAPITAL REQUIREMENTS   REPORT LOST OR STOLEN CARDS TO (800) 754-4128     WE ARE SAFE, SOUND, STABLE, STRONG AND SECURE  GOD BLESS AMERICA


Home Banking

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CURRENT SAVINGS AND CERTIFICATE PROGRAMS
     

Program

Required Investment

Annual Percentage Yield (APY)

Savings Account

$250.00

.35%

Checking Account

$250.00

.25%

Money Market Checking Account

$2,500.00

.25%- .50%

1 Month Certificate

>10k

.13%

2 Month Certificate

>10k

.17%

3 Month Certificate

<10k

.23%

3 Month Certificate

>10k

.27%

6 Month Certificate

<10k

.47%

6 Month Certificate

>10k

.64%

12 Month Certificate

 <10k

.80%

 12 Month Certificate

 >10k

 .88%

 12 Month Jumbo Certificate

 >100k

.95%

 18 Month Certificate

 <10k

 .90%

 18 Month Certificate

 >10k

 .95%

 24 Month Certificate

<10k

1.05%

 24 Month Certificate

 >10k

 1.13%

 30 Month Certificate

 <10k

 1.18%

 30 Month Certificate

 >10k

 1.20%

 36 Month Certificate

 <10k

 1.52%

 36 Month Certificate

 >10k

1.54%

****IRA Jumbo****

>100k

1.10%

All accounts must maintain a $250.00 balance to receive a monthly dividend.  Assesed fees could affect annual yield.  Up to 90 day penalty for early withdrawal on certificate of deposit accounts.

EFFECTIVE OCTOBER 3, 2008: Your individual deposits are federally insured to at least $250,000.00 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.

IRAs insured to at least $250,000.00 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.

APY = Annual Percentage Yield

INDIVIDUAL RETIREMENT ACCOUNTS

A tax sheltered retirement plan.

ADVANTAGES TO CREDIT UNION IRA'S
  • Insured up to $250,000.00 by the full faith and credit of the United States Government 
  • No loading fees
  • No annual fees for maintaining the account
  • No hidden penalties for early withdrawal (other than those by IRS)
  • Deposits can be made through the convenience of payroll deduction
  • Earnings paid and compounded quarterly
CURRENT LOAN PROGRAMS

APR = Annual Percentage Rate

Program

Rates

Loan Secured by Shares

5.65% APR up to 60 months

Vehicles 2007-2010

3.99% APR up to 24 months

Vehicles 2007-2010

4.20% APR up to 60 months

Vehicles 2007-2010

4.45% APR up to 72 months

Vehicles 2002-2006

4.90% APR up to 60 months

Vehicles 1999-2001

5.40% APR up to 60 months

Vehicles 1997 and Below

6.10% APR up to 48 months

Line of Credit

8.00% - 11.00%  APR

Home Improvement

6.875% APR up to 120 months 

30 Year Fixed 1st Mortgage*

4.95% APR

15 Year Fixed 1st Mortgage*

4.65% APR

5 Year Fixed Balloon 1st Mortgage*

4.55% APR, Amortized Over 30 Years

Home Equity Line of Credit(Program Suspended)

PRIME RATE as published in the WSJ**, PLUS 1.00% MIN APR is 5.00%; MAX APR is 12.00% 

New Boats 2005-2007

5.15% APR up to 120 months

Boats 2004 and older

5.55% APR up to 120 months

Recreational Vehicles

5.75% - 8.% APR

VISA Platimum Preferred

6.87 % APR

VISA Classic

11.99 % APR

 

REPORT LOST OR STOLEN CARDS TO (800) 754-4128  

Rates are subject to change to meet market conditions.  Please contact the Credit Union for further updates.

*Maximum loan to value on real estate mortgages is 80%. 

 **The initials stand for the Wall Street Journal, which surveys large banks and publishes the consensus prime rate. The Journal surveys the 30 largest banks, and when three-quarters of them (23) change, the Journal changes its rate, effective on the day the Journal publishes the new rate. It's the most widely quoted measure of the prime rate, which is the rate at which banks will lend money to their most-favored customers. The prime rate will move up or down in lock step with changes by the Federal Reserve Board.

***To be eligible to receive a $50.00 "bonus" for the establishment of direct deposit, the member must be establishing direct deposit for the first time with CFCU, be directing the full net amount of a payroll, government social security or recognized retirement plan for deposit with CFCU, no bonus will be released before a good faith record of not less than six (6) months has been observed with the member.

  

Branch Locations:    Ann Arbor: 4687 Wastenaw, E of US-23    ·    Canton: 5810 N Sheldon Road, at Ford Rd.    ·    Detroit-Eastside: 11190 Gratiot Ave., N. of Outer Drive    ·    Detroit-Northwest: 18463 Livernois, S. of 7 Mile Rd.    ·    Garden City: 30094 Ford Road, W. of Middlebelt    ·    Grandville: 3022 28th Street SW, E. of Ivanest    ·    Jackson: 1238 McDevitt Ave., at Draper in Vandercook Lake    ·    Kalamazoo: 6286 S. Westedge, Southland Mall in Portage    ·    Lansing: 6250 S. Cedar Street, N. of I-96    ·    Livonia: 33036 W. 7 Mile, E. of Farmington Rd.    ·    Madison Heights: 1419 W. 14 Mile Road, W of I-75    ·    Novi: 41690 W. 10 Mile Road, NW Corner Meadowbrook    ·    Redford: 25489 Grand River, N. of 7 Mile Rd.    ·    Riverview: 19040 W. Fort Street, at Sibley    ·    Rochester Hills: 925 E. Auburn, NW Corner of John R    ·    Southfield: 23647 Greenfield Rd, between 9&10 Mile Rd.   ·    St. Clair Shores: 31065 Harper, at 13 Mile    ·    Sterling Heights: 43722 Schoenherr, NE Corner of Canal    ·    Taylor: 22605 Ecorse Road, E. of Telegraph    ·    Walker: 3286-0 Alpine NW, N of I-96    ·    Waterford: 5150 Highland Road (M-59), NW Corner of Crescent Lake Rd.
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