APR = Annual Percentage Rate
| Loans | ||
| Effective Date: Wednesday, June 7th, 2023 | ||
| Program | Rates | Term |
| Loan Secured by Shares | 5.00% | APR up to 60 months |
| Signature Line of Credit | 10% | APR |
| Signature Installment Loan | 8% | APR |
| Vehicles 2020 - 2023 | 5.25% | APR up to 36 months |
| Vehicles 2020 - 2023 | 6.25% | APR up to 60 months |
| Vehicles 2020 - 2023 | 7.25% | APR up to 72 months |
| Vehciles 2017 - 2019 | 6.49 | APR up to 60 months |
| Vehicles 2016 and Below | 8.0% | APR up to 48 months |
| (NEW) Classic Vehicles | 5% | up to 72 months |
| New Boats 2022-2023 | 5.99% | APR up to 120 months |
| Boats 2021 and older | 6.25% | APR up to 120 months |
| Recreational Vehicles | 5.00% - 8.00% | APR |
| 30 Year Fixed 1st Mortgage* | 7.25% | APR - ZERO POINTS |
| 20 Year Fixed 1st Mortgage | 7.25% | APR - ZERO POINTS |
| 15 Year Fixed 1st Mortgage* | 6.65% | APR - ZERO POINTS |
| Points Buy Down Option: Call for Details |
1pt.= .25 rate reduction 2pt.= .50 rate reduction |
|
| Home Equity Line of Credit | .5 over published Wall Street Journey with Max rate | |
| Home Equity Installment Loan | 7.50 | APR up to 120 months |
| VISA Classic, | 13.99% | APR |
| Visa Gold, | 11.99% | APR |
| Visa Platinum | 6.87% | APR |
Click Here For: VISA Application
Construction Federal Credit Union expressly prohibits unlawful gambling through any of our products. Members may find it helpful to familiarize themselves with The Unlawful Internet Gambling Enforcement Act (UIGEA) and Regulation GG.
Rates are subject to change to meet market conditions.
We encourage consumer awareness of Federal Regulation Z - 226.6 (b) & 226.16, in relation to HELOCs.
*Our general maximum loan to value on real estate mortgages is 80%, exceptions on a limited case by case basis. Loans under $100,000.00, add .50 basis points to rate; for loans under $50,000.00 add 1% to rate. Mortgages must be primary residence only. 1 point is charged on internal refinances. Rate and term only.
**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 keeping with changes made 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.
