Rates

Effective Date:  October 1, 2024

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

Auto, Truck & Motorcycle

Loan Term In Months Annual Percentage Rate Thanku Discounts
To – 24 6.50%

 
Promotional Discounts Available!
Discounts can be used individually or combined together for up to 3.00% off published rates.
 
Automatic Payment Transfer -0.25%
5+ Years of Membership -0.25%
Debt Protection -0.25%
Active College or Trade School Student -0.50%
Active SCFCU Checking Account -0.50%
Active SCFCU Real Estate Loan -1.00%
680+ Credit Score -1.00%
Refi' Discount - applies when refinancing from another financial institution -1.00%

Payment Calculator
25 – 36 7.00%
37 – 48 7.50%
49 – 60 7.75%
61 – 72 8.25%
73 – 841 8.50%

POSTED RATES APPLY TO ALL CREDIT SCORES ABOVE 600.
 

Rates apply to new or used fixed rate loans and are published with the highest possible rate.  Member Loyalty Discounts may be used individually or combined to discount rates up to 3.00% off the published rates.  Active College or Trade School Student is defined as anyone currently enrolled in any college or trade school regardless of the term of the enrollment.  Sample payment based on a 24 month Auto Loan at 2.50% APR* is $42.77 per $1,000 and includes all discounts available.  The credit union reserves the right to discontinue promotion at anytime.  Must be credit qualified. Minimum credit score of 600. 

184 month term applies to new autos only.
 
Loan Term In Months Paylock Loan
Variable Rate/Fixed Payment**
To – 24


Introductory APR* First 6 Months
 

0.99%

 

After Introductory Period
Prime + 1.00%
25 – 36
37 – 48
49 – 60
61 – 72
73 – 841

POSTED RATES APPLY TO ALL CREDIT SCORES ABOVE 600.
 

*Annual Percentage Rate
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.  The credit union reserves the right to discontinue promotion at anytime.  Must be credit qualified.  Minimum credit score of 600.  Credit union may discontinue promotion at any time.

184 month term applies to new autos only.

 

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

Introductory APR* First 6 Months

4.50%

 

After Introductory Period
Prime + 3.00%
25 – 36
37 – 48
49 – 60
61 – 72
73 – 84
85 – 120

POSTED RATES APPLY TO ALL CREDIT SCORES ABOVE 600. 

*Annual Percentage Rate
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.  The credit union reserves the right to discontinue promotion at anytime.  Must be credit qualified.  Minimum credit score of 600.

 

Loan Term In Months Annual Percentage Rate Thanku Discounts
To – 24 7.50%

Promotional Discounts Available!
Discounts can be used individually or combined together for up to 3.00% off published rates.

Automatic Payment Transfer -0.25%
5+ Years of Membership -0.25%
Debt Protection -0.25%
Active College or Trade School Student -0.50%
Active SCFCU Checking Account -0.50%
Active SCFCU Real Estate Loan -1.00%
680+ Credit Score -1.00%
25 – 36 7.50%
37 – 48 7.50%
49 – 60 7.75%
61 – 72 8.00%
73 – 84 9.00%
85 – 120 9.50%

POSTED RATES APPLY TO ALL CREDIT SCORES ABOVE 600.
 

Rates apply to new or used fixed rate loans and are published with the highest possible rate.  Thanku Discounts may be used individually or combined to discount rates up to 3.00% off the published rates.  Active College or Trade School Student is defined as anyone currently enrolled in any college or trade school regardless of the term of the enrollment.  Sample payment based on a 24 month Boat/RV Loan at 4.50% is $43.65 per $1,000 and includes all discounts available.  The credit union reserves the right to discontinue promotion at anytime.  Must be credit qualified.  Minimum credit score of 600.

 

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

Introductory APR* First 6 Months

4.50%

 

After Introductory Period
Prime + 4.00%
25 – 36
37 – 48
49 – 60

*Annual Percentage Rate
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.  The credit union reserves the right to discontinue promotion at anytime.  Must be credit qualified.  Minimum credit score of 600.

 

Loan Term In Months Annual Percentage Rate Thanku Discounts
To – 24 9.00%

Promotional Discounts Available!
Discounts can be used individually or combined together for up to 3.00% off published rates.

Automatic Payment Transfer -0.25%
5+ Years of Membership -0.25%
Debt Protection -0.25%
Active College or Trade School Student -0.50%
Active SCFCU Checking Account -0.50%
Active SCFCU Real Estate Loan -1.00%
680+ Credit Score -1.00%
25 – 36 9.00%
37 – 48 9.25%
49 – 60 9.50%

Rates apply to new or used fixed rate loans and are published with the highest possible rate.  Thanku Discounts may be used individually or combined to discount rates up to 3.00% off the published rates.  Active Educational Active College or Trade School Student is defined as anyone currently enrolled in any college or trade school regardless of term of the enrollment.  Sample payment based on a 24 month Outdoor Activity Vehicle Loan at 6.00% APR* is $44.32 per $1,000 and includes all discounts available. The credit union reserves the right to discontinue promotion at anytime.  Must be credit qualified. Minimum credit score of 600.

 

Mortgage
  Annual Percentage Rate

Mortgage Programs

Conventional Mortgages
Adjustable Rate Mortgages (ARM)
Federal Housing Administration (FHA)
Veteran Affairs (VA)
United States Department of Agriculture  (USDA)

Rates Calculator
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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

 

9.00%

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, Essex, Fulton, Hamilton, 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.

10.00%
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.

10.00%
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, Essex, Fulton, Hamilton, 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 Period
First 12 Months

5.50%

 

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
The credit union reserves the right to discontinue promotion at anytime.
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 Fixed Annual Percentage Rate Maximum Amount
Up to 5 Years
(Up to 60 Months)

6.99%

80% Loan to Value (CLTV)
 

POSTED RATE APPLIES TO ALL CREDIT SCORES ABOVE 600.
5 to 10 Years
(61 to 120 Months)

6.99%
10 to 15 Years
(121 to 180 Months)

6.99%
15 to 20 Years
(181 to 240 Months)

6.99%
Up to 20 years
(Up to 240 Months)

9.75%

100% Loan to Value (CLTV)

POSTED RATE APPLIES TO ALL CREDIT SCORES ABOVE 660.

Not to exceed $250,000.00
Sample payment per $1,000, based on a 5 year Home Equity Loan at 6.99% APR* and 80% Loan to Value (CLTV) is $19.80. Sample payment per $1,000, based on a 20 year Home Equity Loan at 9.75% APR* and 100% Loan to Value (CLTV) is $9.49.

 

Home Improvement
Loan Term in Months Annual Percentage Rate Thanku Discounts
To - 36 8.25%

Promotional Discounts Available!
Discounts can be used individually or combined together for up to 3.00% off published rates.

Automatic Payment Transfer -0.25%
5+ Years of Membership -0.25%
Debt Protection -0.25%
Active College or Trade School Student -0.50%
Active SCFCU Checking Account -0.50%
Active SCFCU Real Estate Loan -1.00%
680+ Credit Score -1.00%
37 - 48 8.50%
49 - 60 8.75%
61 - 72 9.00%
73 - 84 10.25%

POSTED RATES APPLY TO ALL CREDIT SCORES ABOVE 600.

Rates are published with the highest possible rate.  Thanku Discounts may be used individually or combined to discount rates up to 3.00% off the published rates.  Active College or Trade School Student is defined as anyone currently enrolled in any college or trade school regardless of term of the enrollment.  Sample payment based on a 36 month Home Improvement Loan at 5.25% Annual Percentage Rate is $30.09 per $1,000 and includes all discounts available. The credit union reserves the right to discontinue promotion at anytime.  Must be credit qualified. Minimum credit score of 600.

Minimum Loan $1,000.00 
Maximum Loan $15,000
Loan Term in Months Maximum Amount Annual Percentage Rate
Up to 20 Years 133% Loan to Value (CLTV) 11.00%

RATE APPLIES TO ALL CREDIT SCORES ABOVE 660.

Sample payment per $1,000, based on a 20 year Home Improvement Loan at 11.00% APR* and 133% Loan to Value (CLTV) is $10.33 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.

 

ECASH (Overdraft Protection)
  Index/Margin*** Variable APR*
Revolving Prime + 6.00% 14.00%

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 Variable Rate Fixed Payment**
To – 24

Introductory First 6 Months

4.50%

 

After Introductory Period
Prime + 6.00%
25 – 36
37 – 48
49 – 60

POSTED RATES APPLY TO ALL CREDIT SCORES ABOVE 600.

Minimum Loan $500 | Maximum Loan $20,000.00 
The credit union reserves the right to discontinue promotion at anytime.
Loan Term In Months Fixed Rate APR* Thanku Discounts
To – 24 10.00%

Promotional Discounts Available!
Discounts can be used individually or combined together for up to 3.00% off published rates.

Automatic Payment Transfer -0.25%
5+ Years of Membership -0.25%
Debt Protection -0.25%
Active College or Trade School Student -0.50%
Active SCFCU Checking Account -0.50%
Active SCFCU Real Estate Loan -1.00%
680+ Credit Score -1.00%
25 – 36 13.00%
37 – 48

14.00%
49 – 60 14.00%

POSTED RATES APPLY TO ALL CREDIT SCORES ABOVE 600.

Rates are published with the highest possible rate.  Thanku Discounts may be used individually or combined to discount rates up to 3.00% off the published rates.  Active College or Trade School Student is defined as anyone currently enrolled in any college or trade school regardless of the term of the enrollment.  The credit union reserves the right to discontinue promotion at anytime.  Must be credit qualified. Minimum credit score of 600.

Minimum Loan $500 | Maximum Loan $20,000

 

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

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

$5,000 per school year, $15,000 maximum aggregate, 120 month term

 Prime + 2.00% 10.00%
POSTED RATES APPLY TO ALL CREDIT SCORES ABOVE 600.

 

CLASSROOM 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 12/31/2022 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.

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.  As of 10/01/2024, the highest Prime Rate was 8.00%. All rates disclosed above are done so using the APR (Annual Percentage Rate), and are disclosed with the lowest rate available to our members.  Credit union may discontinue promotion at any time.
  • ***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 10/01/2024 the Prime Rate was 8.00% 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).
  • All rates are subject to change without notice.