Rates effective August 18, 2019
Dividends are paid from current and available earnings, after required transfers to reserves at the end of the dividend period. Fees or other conditions could reduce earnings on any of the accounts listed. For all Savings and Money Market Savings the prospective Dividend Rate and prospective Annual Percentage Yield are set forth above. The Dividend Rate and APY on Savings Accounts may change monthly as determined by the Board of Directors. The Dividend Rate and APY on Money Market Savings may change daily.
* APY = Annual Percentage Yield.
** Minimum balance required to earn stated APY.
Rates are subject to change.
* APY = Annual Percentage Yield. The rate in effect at the time of certificate opening is the rate you will be paid for the entire term of the Certificate. The Annual Percentage Yield (APY) assumes dividends will remain on deposit until maturity. A withdrawal will reduce your earnings. Minimum deposit is $500. Maximum deposit is $250,000. No additional deposits are permitted to a Certificate once it is opened, unless otherwise disclosed. We may impose penalties for early withdrawal of a Certificate. The penalty can be deducted from either dividends and/or principal. This Certificate is non-negotiable and non-transferable. We will send a reminder notice of the Maturity Date thirty (30) days in advance. If you take no action, the Certificate will renew automatically at Maturity for a like term. The Interest Rate and Annual Percentage Yield on the renewal certificate will be the rate then in effect for like Certificate. A grace period for withdrawal after automatic renewal of seven (7) days will apply. Thereafter, withdrawals of principal balance on the renewed Certificate will again be subject to an early withdrawal penalty until the Maturity Date. Santa Cruz Community Credit Union membership required. Rates subject to change. Federally insured by NCUA.
New IRAs are not being opened at this time, rates posted are for renewals only.
There is an early withdrawal penalty on IRA accounts.
The Dividend Rate and Annual Percentage Yield (APY) are subject to change at any time. The APY is based on the assumption that dividends will remain in the account until maturity. Any withdrawals, fee's, or transfers reduce earnings and there may be penalties for early withdrawals. Please refer to our "Truth In Savings Disclosure" for specific details about any account.
All loans subject to credit approval and collateral approval.
* Loan to Value, 100% Certificate (frozen), 100% Savings (frozen).
** Annual Percentage Rate (APR) is .25% higher without Automatic Payment from a SCCCU account.
*Proceeds of loan must be paid directly to other creditors. All loans subject to credit approval.
First Deed Trust
**Annual Percentage Rate (APR) is .25% higher without Automatic Payment from an SCCCU account.
Up to 110% financing of Manufacturer's Suggested Retail Price (MSPR) or Retail Kelly Blue Book (RKBB) including applicable sales taxes, insurance and any other associated loan products.
*Vehicles older than 10 model years or more than 100,000 miles are subject to Credit Union approval and rate may be higher.
**84 month term is available on loans of $25,000 or more. 72 month term is available on loans of $15,000 or more.
Monthly Payment example for a loan of $10,000 at a rate of 2.49% your payment will be $219.10 for 4 years.
Motorcycles - Add 1.00% to the corresponding auto loan rates above. All loans subject to credit approval and collateral approval.
Annual Percentage Rate (APR) is .25% higher without Automatic Payment from a SCCCU account.
Up to 100% financing on new model years. Up to 90% financing on models that are 2 years or newer. Up to 80% financing on models that are 4 years or newer. Loans up to 120 months with minimum financing of $40,000. Max loan amount is $80,000. Must use NADA retail value.
*All loans subject to credit approval and collateral approval.
**Annual Percentage Rate(APR) is .25% higher without Automatic Payment from a SCCCU account.
Max Loan of $5,000. *Proceeds paid directly to merchant. All loans subject to credit approval and collateral.
* Loan to Value (LTV) Single Wide add 0.50% to rate.
*** Owner Occupied only. Must be sited in an approved Mobile Home Park. 20 Years old or newer. For single-wide mobile homes, add .50% APR. Annual Percentage Rate (APR) is .25% higher without Automatic Payment from an SCCCU account.
100% financing for installation of solar energy for your home or investment property.
All loans subject to credit approval and collateral approval. Property lien required for amounts greater than $15,000 and some recording fees apply. See Credit Union for more details.
** LTV = Loan to value
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