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LOAN RATES

Effective December 2, 2022

Mortgages



Auto Loans

Rates valid for 2019-2023 New & Used Auto Loans
Term APR*
12 - 60 months 4.99%
61 - 75 months  |  $15,000 & over 5.24%
76 - 84 months  |  $30,000 & over 5.99%

Rates valid for Used Autos (Model years 2014 - 2018)
Term APR*
12 - 60 months                 4.99%
61 - 75 months  |  $15,000 & over 5.24%

Rates valid for Used Autos (Model years 2013 and older)
Term APR*
12 - 60 months                 7.99%

*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 4.74% APR, the payment will be $375.05. 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. 


Personal Loans

Type Term APR*
Line of Credit   11.49%
Personal Loan**** Up to 60 months 10.49%
Seasonal Personal Loan** For 12 months 6.99%
Share Pledged Loan   4.99%
Certificate Pledged Loan***   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. 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 $1,000 at 12 months with an interest rate of 6.99%, the monthly payment would be $86.52. 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.

Debt Shed

  Loan Amount Rate
Debt Shed Up to $10,000 7.49%*
  $10,001 - $15,000 8.49%**

*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 = $15,000.  Rates listed are based on automatic loan payment. Refinancing of existing CFCU debt not available with Debt Shed. No consolidation of existing Debt Sheds. For example, for a loan of $10,000 at 7.49% APR for 36 months, the monthly payment would be $311.02.

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. **$100 Cash Back for spend and 2% Cash Back for balance transfers is applicable to new accounts only.  Offers do not apply to account upgrades or transfers from an existing CFCU or Motor City credit card account.  Balance transfer offer is valid only on balances transferred from outside institutions.


Boats & Recreational Vehicle Loans

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

Loan Amount Max Term APR*
Any amount Up to 120 months 4.74%
$50,000 - $74,999 Up to 180 months 5.74%
$75,000 and Above Up to 240 months 5.99%

 

*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 $35,000 at 120 months with an interest rate of 4.74% APR, the payment will be $3366.80. **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.


Powersport Loans

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

Term APR*
Up to 60 Months 5.99%
Up to 84 Months (must be over $10,000) 6.99%

*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 5.99% APR, the payment will be $173.95. **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.


Home Equity Loans

 

Home Equity Line of Credit

  APR* as low as Maximum APR
Home Equity Line of Credit 6.25% 14.00%

*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. The minimum rate that may be applied is 4.00% APR. The 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. Property insurance is required. Contact CFCU for more information. 

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*APR = Annual Percentage Rate. All rates are best available, are based on credit history and automatic loan payment, and are subject to change without notice. Auto loans requested for more than 100% of collateral value may be subject to a higher rate of interest. Recreational vehicles requested for more than 85% of collateral value may be subject to a higher rate of interest.
**Max to Lend = $7,000. No additional discounts for Auto Transfer/Electronic Payment. Refinancing of existing CFCU debt not available with Debt Shed.
***Term of loan cannot exceed term of certificate.