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RATES


Effective August 14, 2020

Share Accounts

  Dividend Rate APY* Minimum Balance
Savings** 0.050% 0.05% $100.00
Christmas Club** 0.250% 0.25% $100.00
Draft (checking) Accounts 0.000% 0.00% $0.00
Health Savings (HSA) 0.499% 0.50% $0.00
IRA Savings  0.499% 0.50% $1,000.00

*APY= Annual Percentage Yield. **If fees are applied, it may reduce the earnings on the account. Click here to view the full list of service charges & fees. The dividend rate is subject to change without notice.

Money Market

  Dividend Rate APY* Minimum Balance
Money Market Savings** 0.050% 0.05% $100.00 - $2,499.99
  0.250% 0.25% $2,500.00 -  $9,999.99
  .399% .40% $10,000.00 - 49,999.99
  .648% .65% $50,000.00 and over

*APY= Annual Percentage Yield. The dividend rate is subject to change without notice. **This account has a blended rate. Contact us for full terms and conditions.

Certificates of Deposit

Term Dividend Rate APY* Minimum Balance
6 Month 0.499% 0.50% $1,000
12 Month Super Saver Certificate** 0.499% 0.50% $500
12 Month Save To Win Certificate*** 0.499% 0.50% $25
12 Month Youth Certificate 0.598% 0.60% $250
12 Month 0.598% 0.60% $1000
18 Month 0.648% 0.65% $1000
24 Month 0.747% 0.75% $1,000
36 Month 1.045% 1.050% $1,000
48 Month 1.193% 1.200% $1,000
60 Month 1.490% 1.500% $1,000

*APY = Annual Percentage Yield. APY is not variable and will not change after the certificate is opened. **Additional Super Saver deposits not to exceed $50,000 in aggregate per Certificate. Maximum number of Super Saver Certificates is limited to TWO per Social Security number. *** Additional deposits can be made throughout the term of the certificate. Maximum number of Save To Win Certificates is limited to ONE per Social Security number. See full disclosures for specific Save To Win CD details. CD Early Withdrawal Penalties:
   -   CDs with a maturity of 12 months or less: the penalty will be equal to 90 days interest (whether earned or not);
   -   CDs with a maturity of 18, 24, 36, or 48 months: the penalty will be 180 days interest (whether earned or not);
   -   CDs with a maturity of 60 months or more: the penalty will be one year of interest (whether earned or not);
   -   Twelve Month Save To Win CDs: the penalty will be equal to $25.
Note: If the interest penalty exceeds the interest earned, the difference shall be deducted from the principal amount.
The dividend rate is subject to change without notice.

NestFund

Term Interest Rate APY* Minimum Balance
24 Month  1.345 % 1.353% $100.00
36 Month 1.601% 1.613% $100.00
48 Month  1.716% 1.730% $100.00
60 Month   2.146% 2.168% $100.00

Please note, due to deed availability delays at the local recording office for Wayne County, caused by the COVID-19 crisis, S&P Dow Jones indices and core logic are unable to generate a valid update of the Detroit Case-Shiller Indices for the release. The rate will adjust to the most current index when it becomes available.

As of 4.27.2020 Christian Financial Credit Union we will no longer be opening new NestFund accounts. All current NestFund accounts will continue to be active until the certificate matures.

*APY = Annual Percentage Yield. Total deposits not to exceed $25,000 in aggregate per Certificate. Maximum number of NestFund Certificates is limited to ONE per Social Security number. Minimum opening balance is $100.00.

CD Early Withdrawal Penalties: CDs with a maturity of 24 months: the penalty will be 180 days interest (whether earned or not); CDs with a maturity of 36, 48, or 60 months: the penalty will be one year of interest (whether earned or not). Note: If the interest penalty exceeds the interest earned, the difference shall be deducted from the principal amount. Penalty waived if funds are used towards a home purchase financed through Mortgage Center. CFCU will match interest earned up to $500 when funds are used for a down payment for a mortgage financed with Mortgage Center. Rate may increase or decrease based on changes in the Case Shiller Detroit Index. The maximum rate at any point in the term shall not exceed 3.00% APY or fall below 0.50% APY.

IRA Certificates

 
Term Dividend Rate APY* Minimum Balance
12 Month 0.598% 0.60% $1,000
18 Month 0.648% 0.65% $1,000
24 Month 0.747% 0.75% $1,000
36 Month 1.045% 1.050% $1,000
48 Month 1.193% 1.20% $1,000
60 Month 1.490% 1.50% $1,000

*APY = Annual Percentage Yield. All rates are subject to change without notice. Contact a CFCU Financial Service Representative for full details.

Visa Credit Cards

  APR*
Visa Platinum Credit Card 8.90%
Visa Signature Credit Card - (Minimum Credit Line of $5,000) 9.90%

*APR = Annual Percentage Rate. Rates shown are the best available, are based on credit history, and subject to change without notice. Please see a CFCU Financial Service Representative for full details. Click here to view a complete guide to your signature benefits.

Debt Shed

  APR*
Debt Shed 7.99%**

*APR = Annual Percentage Rate. Rates shown are the best available, are based on credit history, and subject to change without notice. Please see a CFCU Financial Service Representative for full details. **Max to Lend = $7,000. No additional discounts for Auto Transfer/Electronic Payment. Refinancing of existing CFCU debt not available with Debt Shed.

Home Equity Loans

  APR*
Home Equity Line of Credit 4.00%
Closed End Home Equity Click Here to View Rates from our partner, Mortgage Center

*APR = Annual Percentage Rate. Rates shown are best available, based on 80% loan-to-value and are based on credit history. The rate is variable and subject to change without notice. Loans requested for more than 80% of collateral value may be subject to a higher rate of interest. Home Equity Lines of Credit are available on primary residences only. Rates are subject to change without notice and are variable. Maximum rate that can be applied is 14.00% APR. Non-members may be charged a $10 new membership fee upon account opening. Members refinancing existing Christian Financial Credit Union loans are subject to a higher rate of interest. Contact CFCU for more information.  ​​Click here for more information on Home Equity loans from the Federal Reserve. **CFCU will pay up to $350 of closing costs, to be refunded after closing.

Auto Loans

Rates valid for 2018-2020 New & Used Auto Loans
Term APR*
12 - 60 months 1.99%
61 - 75 months  |  $15,000 & over 2.49%
76 - 84 months  |  $30,000 & over 2.99%

Rates valid for Used Autos (Model years 2012 - 2017)
Term APR*
12 - 60 months                 1.99%
61 - 75 months  |  $15,000 & over 2.49%

Rates valid for Used Autos (Model years 2011 and older)
Term APR*
12 - 60 months                 4.99%

*APR = Annual Percentage Rate. Rates shown are the best available, are based on credit history, are available only on loans not already financed with CFCU and subject to change without notice. Rates listed are based on automatic loan payment. For example, for a loan of $20,000 at 60 months with an interest rate of 1.99% APR, the payment will be $350.47. Loans requested for more than 105% of collateral value may be subject to a higher rate of interest. Members refinancing existing Christian Financial Credit Union loans are subject to a higher rate of interest. Please see a CFCU Financial Service Representative for full details. **APR average from bankrate.com on 3/4/2020. Members refinancing existing Christian Financial Credit Union loans are subject to a higher rate of interest.

Boats & Recreational Vehicle Loans

(Boats, RVs, Travel Trailers, Motor Homes, Mobile Homes)

Loan Amount Max Term APR*
Any amount Up to 120 months 3.49%
$50,000 - $99,999 Up to 180 months 3.99%
$100,000 and Above Up to 240 months 4.49%

 

*APR = Annual Percentage Rate. Rates shown are the best available, require automatic payments, are based on credit history, and subject to change without notice. Loans requested for more than 85% of collateral value may be subject to a higher rate of interest. Members refinancing existing Christian Financial Credit Union loans are subject to a higher rate of interest. Please see a CFCU Financial Service Representative for full details.For example, for a loan of $35,000 at 120 months with an interest rate of 3.99% APR, the payment will be $354.19. **Loan must be current (cannot be delinquent) to qualify for free annual Skip a Payment. Recreational vehicles only. Excludes loans written to covered borrowers under the Military Lending Act. The skipped payment will be added to the end of the loan and will extend the maturity date of the loan. If a scheduled payment for the loan has been set up through Online Banking or initiated by the member at another financial institution, the member is responsible for canceling the scheduled payment. Eligible loans may skip only one payment per calendar year. Recreational Vehicles that skip a payment are not eligible for the Holiday Skip a Payment program. Members refinancing existing Christian Financial Credit Union loans are subject to a higher rate of interest.



Power Sports Loans

(Motorcycles, Jet Ski's, Snowmobiles, Off Road Vehicles, Camper Tops, Riding Lawn Tractors)

Term APR*
Up to 60 Months 4.49%
Up to 84 Months (must be over $10,000) 4.99%

*APR = Annual Percentage Rate. Rates shown are the best available, require automatic payments, are based on credit history, and subject to change without notice. Loans requested for more than 85% of collateral value may be subject to a higher rate of interest. Members refinancing existing Christian Financial Credit Union loans are subject to a higher rate of interest.Please see a CFCU Financial Service Representative for full details. For example, for a loan of $9,000 at 60 months with an interest rate of 4.99% APR, the payment will be $169.80. **Loan must be current (cannot be delinquent) to qualify for free annual Skip a Payment. Recreational vehicles only. Excludes loans written to covered borrowers under the Military Lending Act. The skipped payment will be added to the end of the loan and will extend the maturity date of the loan. If a scheduled payment for the loan has been set up through Online Banking or initiated by the member at another financial institution, the member is responsible for canceling the scheduled payment. Eligible loans may skip only one payment per calendar year. Recreational Vehicles that skip a payment are not eligible for the Holiday Skip a Payment program. Members refinancing existing Christian Financial Credit Union loans are subject to a higher rate of interest.

Personal Loans

Type Term APR*
Line of Credit   9.90%
Personal Loan**** Up to 60 months 8.90%
Seasonal Personal Loan** For 12 months 5.99%
Share Pledged Loan   6.25%
Certificate Pledged Loan***   6.25%

*APR = Annual Percentage Rate. Rates shown are the best available, are based on credit history, are available only on loans not already financed with CFCU and subject to change without notice. Loans requested for more than 95% of collateral value may be subject to a higher rate of interest. Members refinancing existing Christian Financial Credit Union loans are subject to a higher rate of interest.Please see a CFCU Financial Service Representative for full details. **For example, for a loan of $5,000 at 12 months with an interest rate of 5.99%, the monthly payment would be $430.31. Minimum loan amount limited to $500.00. Maximum loan amount limited to $5,000.00. No additional discounts for Auto Transfer/Electronic Payment. ***Term of loan cannot exceed term of certificate. ****Rate shown includes discount for automatic payment.

High School Tuition Loans

(Only applies to preapproved High Schools)

Term APR*
Up to 12 Months 7.00%
Up to 18 Months 7.50%

*APR = Annual Percentage Rate. Rates shown are the best available, are based on credit history, and subject to change without notice. For example, for a loan of $10,000 at 12 months with an interest rate of 7.00% APR, the payment will be $865.27. Please see a CFCU Financial Service Representative for full details.