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LOAN RATES

Effective October 24, 2020

Mortgages



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.


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.

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.

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 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.


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.

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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.