Rates

During the past several years, financial institutions, including your credit union, have charged rates on loans based on your credit score. This is referred to as "risk based pricing." Now all members applying for a consumer loan, directly with the credit union, will receive the same rate, regardless of their credit score.

In addition, our unique fixed payment/variable rate loans offer the most attractive rates and terms in the area for those looking to lock in a low payment.

We want your business and believe it is time to move your loans to Saratoga's Community FCU.

Effective Date:  July 1, 2017 

Auto, Truck & Motorcycle
Loan Term In Months Fixed Rate APR* Variable Rate Fixed Payment**
To – 24 2.75%
Introductory First 6 Months
1.99%
 

After Introductory Period
Prime + 1.00%

25 – 36 4.25%
37 – 48 4.75%
49 – 60 5.00%
61 – 72 5.50%
73 – 841 5.75%
Rates Reflect 0.75% Member Loyalty Discount
Rates apply to new or used and include discounts for Automatic Payment Transfer (0.25%), 10+ Years of Membership (0.25%) and incite Rewards redemption (0.25%).  Discount applies to fixed rate loans only.
184 month term applies to new autos only.

 

Boat and RV
Loan Term In Months Fixed Rate APR* Variable Rate Fixed Payment**
To – 24 6.50%

Introductory First 6 Months
3.75%

After Introductory Period
Prime + 3.00%

25 – 36 6.50%
37 – 48 6.50%
49 – 60 6.75%
61 – 72 7.00%
73 – 84 8.00%
85 – 120 8.50%
Rates Reflect 0.75% Member Loyalty Discount
Rates apply to new or used and include discounts for Automatic Payment Transfer (0.25%), 10+ Years of Membership (0.25%) and incite Rewards redemption (0.25%).  Discount applies to fixed rate loans only.

 

Outdoor Activity
Loan Term In Months Fixed Rate APR* Variable Rate Fixed Payment**
To – 24 7.25%

Introductory First 6 Months
3.75%

After Introductory Period
Prime + 4.00%

25 – 36 7.25%
37 – 48 7.50%
49 – 60 7.75%
Rates Reflect 0.75% Member Loyalty Discount
Rates apply to new or used and include discounts for Automatic Payment Transfer (0.25%), 10+ Years of Membership (0.25%) and incite Rewards redemption (0.25%).  Discount applies to fixed rate loans only.

 

Personal Unsecured
Loan Term In Months Fixed Rate APR* Variable Rate Fixed Payment**
To – 24 8.25%

Introductory First 6 Months
3.75%

After Introductory Period
Prime + 6.00%

25 – 36 12.25%
37 – 48

13.25%

49 – 60 13.25%

Rates Reflect 0.75% Member Loyalty Discount
Rates include discounts for Automatic Payment Transfer (0.25%), 10+ Years of Membership (0.25%) and incite Rewards Redemption (0.25%). Minimum Loan $500 | Maximum Loan $15,000.00

 

STUDENT & EDUCATIONAL LoanS
  Index/Margin*** APR*
Undergraduate Student Loan Programs Click for Details  
Student Loan Refinance Program
Consolidate Existing Student Loans
Click for Details  

CU Educational Loan
Daycare, Private Schools, Trade Schools, 2 or 4 Year College/University

$5,000 per school year, $20,000 maximum aggregate, 120 month term, 1% Origination Fee.

Prime + 2.00% 6.25%

 

CA$HFlow Credit (Overdraft Protection)
  Index/Margin*** APR*
Revolving Prime + 10.00% 14.25%
Monthly payment is 2.00% of total outstanding balance or $25.00, whichever is greater.
Overdraft is protection for your Checking Account. Limits of $250 to $15,000 Available

 

Savings Secured Loan
  Annual Percentage Rate
Up to 60 Months 4.25%
Minimum monthly payment $35.00

 

Savings Secured Line of Credit
  APR*
Revolving 9.90%
Monthly Payment are calculated by costs per $100 of amount financed:
$0.01 - $4000.00 $3.50
$4000.01 - $6000.00 $3.00
$6000.01 - $8000.00 $2.50
$8000.01 and over $2.40
Minimum Limit - $500 | Maximum Limit - $25,000.00

 

Certificate of Deposit Secured Loan
Term Annual Percentage Rate
Up to 36 Months Certificate Rate + 3.00%
Limits available from $500 up to certificate balance.

 

Mortgage
  Annual Percentage Rate
Mortgage Programs Check Rates

 

Home Equity Line of Credit
Term Maximum Amount Annual Percentage Rate
Term:  Up to 20 Years


Draw Period:  10 Years
(included in repayment term)

80% Loan to Value (CLTV) Introductory First 12 Months
3.50%

After Introductory Period
Prime + 1.00%
Term:  Up to 25 Years


Draw Period:  10 Years
(included in repayment term)

100% Loan to Value (CLTV) Prime + 2.50%
Not to exceed $250,000.00
Variable Rate: This plan has a variable rate feature and the annual percentage rate (corresponding to the periodic rate) and the minimum payment may change as a result. The annual percentage rate can change monthly and is based on the index plus a margin.

 

Home Equity Loan
Term Maximum Amount Fixed APR*
Up to 15 years 80% Loan to Value (CLTV) 3.99%
Up to 20 years 100% Loan to Value (CLTV)

6.75%
Prime Rate + 2.50%

Not to exceed $250,000.00

 

Home Improvement
Term Maximum Amount Annual
Percentage Rate
Up to 20 years 133% Loan to Value (CLTV) 10.00%
7 years $15,000 9.24%
6 years $15,000 7.99%
5 years $15,000 7.74%
4 years $15,000 7.49%
3 years $15,000 7.24%
Minimum Loan $1,000.00

 

Purchase Money Second Mortgage
Term Maximum Amount Fixed APR*
Up to 30 years 100% Loan to Value (CLTV) Mortgage Rate + 2.00%
 

 

Unsecured Credit Disclosures

  • Maximum of unsecured credit per member is $20,000.00.

Home Equity Loan Rate Disclosures

  • Appraisal Fee paid by the borrower.
  • Closing Costs: Closing costs and NYS Mortgage Tax paid by the borrower.

Disclosures

  • *APR = Annual Percentage Rate
  • **APR for Variable Rate/Fixed Payment loans, which may vary, is indexed to the highest Prime Rate in the Wall Street Journal on the last day of each month, plus the rate margin indicated above. Your payment is set at time of application and will not change; instead, the term may be shortened or lengthened. Conversion to a fixed rate option is available at any time during the life of the loan. Currently, the initial annual percentage rate (APR) is "discounted" as stated above and will be in effect for the first 6 months of the loan term. After the first 6 months of the loan term the rate will reflect Prime Rate PLUS the margin for the respective loan type. This offer expires 12/31/2017.  As of 06/30/2017, the highest Prime Rate was 4.25%. All rates disclosed above are done so using the APR (Annual Percentage Rate), and are disclosed with the lowest rate available to our members.
  • ***Variable Rate: This plan has a variable rate feature and the annual percentage rate (corresponding to the periodic rate) and the minimum payment may change as a result. The annual percentage rate can change monthly and is based on the index plus a margin. As of 06/30/2017 the Prime Rate was 4.25% APR (Annual Percentage Rate). The rate will be adjusted to the highest Prime Rate as published in the Wall Street Journal on the last day of every month plus the margin. Refer to our Home Equity Early Disclosure provided at time of application for complete details.
  • Lifetime Cap: The maximum Annual Percentage Rate that can apply is 18.00% or the maximum permitted by law, whichever is less.
  • Interest Rate Change: The interest rate is subject to change monthly and is based on the Index plus a margin.
  • Index: The Index is the highest Prime Rate as published in the Wall Street Journal on the last day of every month.
  • Margin: The margin is the percent added to the Index to determine the current Annual Percentage Rate (APR).
  • All rates disclosed above are done so using the APR (Annual Percentage Rate), and are disclosed with the lowest rate available to our members.
  • All rates are subject to change without notice.