Rates

Rates effective October, 2020, and are subject to change.

Loan TypesAnnual
Percentage
Rates
Terms in MonthsLoan Maximum AvailableMinimum Documents RequiredMonthly Payment per $1,000 Borrowed
Unsecured7.49%(Credit score 701+)
9.99%(Credit score 650-700)
15.99%(Credit score <650)
Up to 84Up to $50,0001$16.54
$17.86
$21.26
100% of Savings/Certificate1.99% Above rate on Savings/CertificateUp to 60100% of Savings/CertificateLoan application$17.63
New Auto2.99%Up to 3680% of Purchase price (Up to 100% available)2$30.14
New Auto3.29%37-4880% of Purchase price (Up to 100% available)2$23.34
New Auto3.49%49-6080% of Purchase price (Up to 100% available)2$19.27
New Auto3.79%61-7280% of Purchase price (Up to 100% available)2$16.65
New Auto3.99%73-8480% of Purchase price (Up to 100% available)2$14.79
Used Auto3.29%Up to 36Subject to price in Red Book2$30.27
Used Auto3.49%37-48Subject to price in Red Book2$23.43
Used Auto3.69%49-60Subject to price in Red Book2$19.37
Used Auto4.10%61-72Subject to price in Red Book2$16.80
Used Auto4.99%73-84Subject to price in Red Book2$15.28
New or Used Boat8.95%Up to 36 balloon notes up to 15 years amortization70% of appraised or purchased value2$11.58
Mitchell-Lama Co-op Equity6.49%Up to 36100% of value3$31.75
Mitchell-Lama Co-op Equity7.49%37-60100% of value3$21.19
Mitchell-Lama Co-op Equity8.49%61-84 > $25,000.00100% of value3$17.06
Mitchell-Lama Co-op Equity9.49%85-120 > $50,000.00100% of value3$14.28
Cooperative Equity4.99%Up to 36Up to $25,000.004$31.04
Cooperative Equity5.49%37-60Up to $25,000.004$20.22
Business Loans <$50,0009.99%Up to 36Up to 80% of value4$33.39
Business Loans <$50,000Up to 15.99%Up to 180Up to 80% of value4$16.39
  1. Loan application & pay stub(s) 15% balance secured in savings (cosigner may be required)
  2. Loan application, pay stub(s), purchase order or bill of sale, proof of full coverage insurance with a $1,000.00 deductible listing Credit Union as lien holder/loss payee
  3. Loan application, pay stub(s), current year tax return, value/ownership letter and approval letter (if new purchase) from Housing Corporation
  4. Loan application, pay stub(s), current year tax return
  • *Borrowers with negative credit, regardless of credit score, including but not limited to outstanding: late payments, collection accounts, judgments, charge-offs and bankruptcies within 2 years are subject to a 2.00% interest rate increase on all of the current rates listed above and 4.00% interest rate increase on unsecured loans. Annual Percentage rates and terms are subject to change; please contact our loan department for current offers. Some loans require fees as listed on our current fee schedules.

Would you like to estimate the payments on any of these loans? Our loan calculator can help you with the numbers.

RESIDENTIAL MORTGAGE LOAN ANNUAL PERCENTAGE RATES AS OF OCTOBER, 2020

Loan TypeTerm Annual
Percentage
Rates
Monthly Payment Per $1,000 Borrowed for the first term payments based on Initial RateMonthly Payment Per $1,000 Borrowed for the remaining payments based on 30 year Amortization and Current Rate
Mortgage Adjustable2 Year2.65%1, 2, 3$4.04$4.04
Mortgage Adjustable5 Year2.95%1, 2, 3$4.19$4.19
Mortgage Adjustable8 Year3.15%1, 2, 3$4.30$4.30
Mortgage Adjustable15 Year3.55%1, 2, 3$4.52$4.52
Mortgage Fixed5 Year2.99%1, 2$17.97$17.97
Mortgage Fixed10 Year2.85%1, 2$9.59$9.59
Mortgage Fixed15 Year3.15%1, 2$6.98$6.98
Mortgage Fixed20 Year3.85%1, 2$5.99$5.99
Mortgage Fixed30 Year** call for current rate1, 2

Adjustable and fixed jumbo loans over $726,525.00 available. Subject to 0.15%-0.25% rate increase or 0.25 points paid at closing.

  1. Notes can be refinanced/modified and amortized up to 30 years
  2. Mortgages available for:
    1. Refinance or purchase
    2. New York and New Jersey
    3. 1-4 family owner occupied
    4. Vacation
    5. Secondary residence
    6. Vacant land for new home
    7. Up to 80% of value
    8. Coop up to 75% of value, and
    9. Condo up to 75% of value
  3. Rates and terms are based on Consumers FCU posted rates Notes can be refinanced/modified not to exceed 15 year term and amortized up to 30 years
  • Borrowers with negative credit, including but not limited to: late payments, collection accounts, judgments, charge-offs and bankruptcies (within 2 years) are subject to a 2.00% increase on the current interest rate listed.
  • Refinance of credit union loans to only lower interest rate, require 1.50 points and a $250.00 fee

BUSINESS LOAN ANNUAL PERCENTAGE RATES AS OCTOBER, 2020

Loan TypeTermAnnual
Percentage
Rates
Monthly Payment Per $1,000 Borrowed for the first term payments based on Initial RateMonthly Payment Per $1,000 Borrowed for the remaining payments based on 30 year Amortization and Current Rate
Mortgage Adjustable2 Year4.75%1, 2, 6$5.22$5.22
Mortgage Adjustable5 Year5.00%1, 2, 6$5.37$5.37
Mortgage Adjustable8 Year5.95%1, 2, 6$5.97$5.97
Mortgage Adjustable15 Year6.55%1, 2, 6$6.36$6.36
Mortgage Fixed5 Year4.95%2$18.85$18.85
Mortgage Fixed10 Year5.75%2$10.98$10.98
Mortgage Fixed15 Year6.25%2$8.58$8.58
Auto, Machinery and EquipmentUp to 15 Years7.00%4$8.99$8.99
UnsecuredUp to 15 Years7.75%5$9.43$9.43
  1. Notes can be refinanced/modified not to exceed 15 year term and amortized up to 30 years
  2. Mortgages available for:
    1. Refinance or purchase
    2. New York and New Jersey
    3. 1-4 family non-owner occupied
    4. Commercial
    5. Investment
    6. Vacant land, and
    7. Up to 80% of value
  3. Loans available for:
    1. Refinance, purchase, or cash out,
    2. New York,
    3. Fleet and
    4. Individual, and
    5. Up to 80% of value
  4. Up to 70% of Value
  5. Based on credit, business, and cash flow
  6. Rates and terms are based on Consumers FCU posted rates Notes can be refinanced/modified not to exceed 15 year term and amortized up to 30 years

Borrowers with negative credit, including but not limited to, late payments, collection accounts, judgments, charge-offs and bankruptcies (within 2 years) are subject to a 4.00% increase on the current interest rate listed.

SAVINGS ACCOUNTS RATES AS OF OCTOBER, 2020

Account TypeRequired on DepositDividend Rate PaidAPY
Savings Share AccountsUnder $25,000.000.25%0.25%
Savings Share Accounts$25,000.00 and over0.65%0.65%
Checking AccountsN/A0.15%0.15%
IRA Savings AccountsN/A0.65%0.65%
Club AccountsN/A0.10%0.10%
  • APY = Annual Percentage Yield
  • Rates subject to change at any time.

ALL CERTIFICATE ACCOUNT RATES AS OF OCTOBER, 2020

Certificate Type (Term)Required On DepositAPRAPY
1 Year (12 months)$500.000.70%0.70%
2 Year (24 months)$500.000.85%0.85%
3 Year (36 months)$500.001.00%1.00%
4 Year (48 months)$500.001.05%1.06%
5 Year (60 months)$500.001.15%1.16%
  • APY = Annual Percentage Yield
  • APR = Annual Percentage Rate
  • Rates subject to change at any time.
  • The penalty for early withdrawal, in whole or part, is 90 days simple interest for one or two year certificates and 180 days for three and five year certificates at the certificate rate.
  • Partial and full redemptions for required distributions on IRA’s may not be subject to penalties.

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

Additional Information and Fees

View our fee schedule and TIS Disclosure for additional information, current as of October, 2020.

If you don’t see the loan or term you desire, please contact the loan department at loans@consumersfcu.org

NMLS Information

  • Consumers Federal Credit Union #489381
  • Anna Carbone #493986
  • Stephen Jacoby #875551
  • Anallely Lozada # 1896496
  • Lauro Neto #1973292