Rates

Effective Date:  July 28, 2021

Boat & RV | Outdoor Activity | Mortgage | Home Loans | | Education Loans | School Supply Assistance Program | Secured Loans
 

Auto, Truck & Motorcycle - limited time GRAND OPENING special
Loan Term In Months Grand Opening Promotional Fixed Rate APR* Variable Rate Fixed Payment**
To – 24 3.50%   0.99%
Introductory First 6 Months
 

0.99%

 

After Introductory Period
Prime + 1.00%

25 – 36 5.00%   1.99%
37 – 48 5.50%   1.99%
49 – 60 5.75%   1.99%
61 – 72 6.25%    1.99%
73 – 841 6.50%    2.99%

POSTED RATES APPLY TO ALL CREDIT SCORES ABOVE 600.
 

Rates apply to all vehicle loan options and include new or used. Discount applies to fixed rate loans only. Sample payment per $1,000, based on a 60 month Auto Loan at 1.99% is $17.53 per $1,000.  Limited time promotion, expires 9/30/2021.  The credit union reserves the right to discontinue promotion at anytime.  Must be credit qualified.  Members with a variable rate/fixed payment loan are eligible to convert to a fixed rate option at any time during the life of the loan and are eligible for this promotion.  Offer is not valid to refinance existing Saratoga’s Credit Union fixed rate loans.
184 month term applies to new autos only.

 

Boat and RV - LIMITED TIME GRAND OPENING SPECIAL
Loan Term In Months Grand Opening Promotional Fixed Rate APR* Variable Rate Fixed Payment**
To – 24 6.50%   1.99%

Introductory First 6 Months

4.50%

 

After Introductory Period
Prime + 3.00%

25 – 36 6.50%   3.50%
37 – 48 6.50%   3.50%
49 – 60 6.75%   4.50%
61 – 72 7.00%   4.50%
73 – 84 8.00%   5.50%
85 – 120 8.50%   5.50%

POSTED RATES APPLY TO ALL CREDIT SCORES ABOVE 600.

Rates apply to new or used boats and RVs.  Discount applies to fixed rate loans only.  Sample payment per $1,000, based on a 120 month Boat/RV Loan at 4.5% is $10.37 per $1,000. Limited time promotion, expires 9/30/2021.  The credit union reserves the right to discontinue promotion at anytime.  Must be credit qualified.  Offer is not valid to refinance existing Saratoga’s Credit Union fixed rate loans.

 

 

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

Introductory First 6 Months

4.50%

 

After Introductory Period
Prime + 4.00%

25 – 36 7.25%
37 – 48 7.50%
49 – 60 7.75%

POSTED RATES APPLY TO ALL CREDIT SCORES ABOVE 600.

Rates Reflect 0.75% Member Loyalty Discount
Rates apply to new or used and include discounts for Automatic Payment Transfer (0.25%), 5+ Years of Membership (0.25%) and incite Rewards redemption (0.25%).  Discount applies to fixed rate loans only.

 

Mortgage
  Annual Percentage Rate
Mortgage Programs

Check Rates

 

MORTGAGE REFINANCE line of credit
Terms Details Annual Percentage Rate
Term:  Up to 25 Years


Draw Period:  10 Years
(included in repayment term)

Maximum Amount:
100% Loan to Value (CLTV)
Maximum $250,000

No PMI Required
No Appraisal Fee
No Title Search Fee
No Application Fee
No Attorney Fee
No Recording Fee
No Pre Payment Penalty
No Tax Escrow Required

Cash Out Available

 

4.25%

Prime + 1.00%


POSTED RATE APPLIES TO ALL CREDIT SCORES ABOVE 660.

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.

Title insurance may be required at owner’s expense. This offer is good for refinance only, cash out may be available. Must be primary residence and first lien only. Maximum amount financed is 100% of the combined loan to value (CLTV), not to exceed $250,000. New York State mortgage tax is required and paid by the borrower.  Geographic Areas:  Only properties located in the following counties will be considered:  Albany, Fulton, Montgomery, Rensselaer, Saratoga, Schenectady, Warren and Washington.
1.00% Origination Fee Applies.

 

mortgage refinance LOAN
Terms Maximum Amount Fixed Annual Percentage Rate

Term:  Up to 20 years

Maximum Amount:  100% Loan to Value (CLTV)
Maximum $250,000

No PMI Required
No Appraisal Fee
No Title Search Fee
No Application Fee
No Attorney Fee
No Recording Fee
No Pre Payment Penalty

No Tax Escrow Required

Cash Out Available.

5.25%
Prime Rate + 2.00%

POSTED RATE APPLIES TO ALL CREDIT SCORES ABOVE 660.

Term:  Up to 30 years

Maximum Amount:  100% Loan to Value (CLTV)
Maximum $250,000

100% Loan to Value (CLTV)
Maximum $250,000

Cash Out Not Available.

5.25%
Prime Rate + 2.00%

POSTED RATE APPLIES TO ALL CREDIT SCORES ABOVE 660.

Title insurance may be required at owner’s expense. This offer is good for refinance only, cash out may be available. Must be primary residence and first lien only. Maximum amount financed is 100% of the combined loan to value (CLTV), not to exceed $250,000. New York State mortgage tax is required and paid by the borrower.  Geographic Areas:  Only properties located in the following counties will be considered:  Albany, Fulton, Montgomery, Rensselaer, Saratoga, Schenectady, Warren and Washington.
1.00% Origination Fee Applies.

 

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

3.25%

 

After Introductory Period
Prime + 1.00%

POSTED RATE APPLIES TO ALL CREDIT SCORES ABOVE 600.

Term:  Up to 20 Years


Draw Period:  10 Years
(included in repayment term)

100% Loan to Value (CLTV)

Prime + 2.50%

POSTED RATE APPLIES TO ALL CREDIT SCORES ABOVE 660.

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.

 

RATE APPLIES TO ALL CREDIT SCORES ABOVE 600.

 

Home Equity Loan
Term Maximum Amount Fixed Annual Percentage Rate
Up to 15 years 80% Loan to Value (CLTV) 3.99%

POSTED RATE APPLIES TO ALL CREDIT SCORES ABOVE 600.
Up to 20 years 100% Loan to Value (CLTV)

5.75%
Prime Rate + 2.50%

POSTED RATE APPLIES TO ALL CREDIT SCORES ABOVE 660.

Not to exceed $250,000.00
Sample payment per $1,000, based on a 15 year Home Equity Loan at 80% Loan to Value (CLTV) is $7.40 per $1,000. Sample payment per $1,000, based on a 20 year Home Equity Loan at 100% Loan to Value (CLTV) is $7.91 per $1,000.

 

Home Improvement - Limited time grand opening Special
Loan Term in Months Maximum Amount Annual
Percentage Rate
To - 36 $15,000 7.24%   4.99%
37 - 48 $15,000 7.49%   4.99%
49 - 60 $15,000 7.74%   4.99%
61 - 72 $15,000 7.99%   4.99%
73 - 84 $15,000 9.24%   4.99%

POSTED RATES APPLY TO ALL CREDIT SCORES ABOVE 600.

Minimum Loan $1,000.00
Limited time promotion, expires 9/30/2021.  The credit union reserves the right to discontinue promotion at anytime.  Must be credit qualified. 

Loan Term in Months Maximum Amount Annual Percentage Rate
Up to 20 Years 133% Loan to Value (CLTV) 10.00%

RATE APPLIES TO ALL CREDIT SCORES ABOVE 660.

Minimum Loan $1,000.00
Sample payment per $1,000, based on a 20 year Home Improvement Loan at 133% Loan to Value (CLTV) is $9.66 per $1,000.  
Must be credit qualified.

 

Purchase Money Second Mortgage loan
Term Maximum Amount Fixed APR*
Up to 30 years 100% Loan to Value (CLTV) Mortgage Rate + 2.00%
POSTED RATE APPLIES TO ALL CREDIT SCORES ABOVE 660.

PURCHASE MONEY SECOND MORTGAGE line of credit

Term Maximum Amount Annual Percentage Rate

Term:  Up to 30 Years

Draw Period:  10 Years
(included in repayment term)

100% Loan to Value (CLTV) Prime + 2.50%
POSTED RATE APPLIES TO ALL CREDIT SCORES ABOVE 660.

 

CA$HFlow Credit (Overdraft Protection)
  Index/Margin*** Variable APR*
Revolving Prime + 6.00% 9.25%

POSTED RATES APPLY TO ALL CREDIT SCORES ABOVE 600.

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 $20,000 Available

 

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

Introductory First 6 Months

4.50%

 

After Introductory Period
Prime + 6.00%

25 – 36 12.25%
37 – 48

13.25%

49 – 60 13.25%

POSTED RATES APPLY TO ALL CREDIT SCORES ABOVE 600.

Rates Reflect 0.75% Member Loyalty Discount
Rates include discounts for Automatic Payment Transfer (0.25%), 5+ Years of Membership (0.25%) and incite Rewards Redemption (0.25%). Minimum Loan $500 | Maximum Loan $20,000.00

 

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, $15,000 maximum aggregate, 120 month term, 1% Origination Fee.

Prime + 2.00% 5.25%
POSTED RATES APPLY TO ALL CREDIT SCORES ABOVE 600.

 

SCHOOL SUPPLY ASSISTANCE LOAN
Loan Term In Months Fixed Rate APR*
9 Months 0.00%

POSTED RATES APPLY TO ALL CREDIT SCORES ABOVE 600.

Qualifications
Available to all New York State Certified Teachers who are currently employed as an educator in New York State.  Proof of employment required.  Through this program members will have a 9 month term to repay the loan with 0.00% Annual Percentage Rate (APR). 

 

Savings Secured Loan
  Annual Percentage Rate
Up to 60 Months

1.55%
Share Rate + 1.50%

NO MINIMUM CREDIT SCORE, NO EMPLOYMENT VERIFICATION, NO INCOME REQUIREMENT.

Minimum monthly payment $35.00

 

Savings Secured Line of Credit
  Index/Margin Variable APR*
Revolving Share + 1.50%

1.55%

NO MINIMUM CREDIT SCORE, NO EMPLOYMENT VERIFICATION, NO INCOME REQUIREMENT.

Minimum Limit - $500 | Maximum Limit - $75,000.00

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. As of 6/30/2021 the Share Rate was 0.05% APR (Annual Percentage Rate). The rate will be adjusted on the last day of every month plus the margin. 

 

Certificate of Deposit Secured Loan
Term Annual Percentage Rate
Up to 36 Months Certificate Rate + 3.00%

NO MINIMUM CREDIT SCORE, NO EMPLOYMENT VERIFICATION, NO INCOME REQUIREMENT.

Limits available from $500 up to certificate balance.

 


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 12/31/2021.  As of 3/31/2020, the highest Prime Rate was 3.25%. 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 3/31/2019 the Prime Rate was 3.25% 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.