All Rates

Rates effective November 23, 2020

Personal Deposit Rates
Savings
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Account Opening Balance Minimum Balance** Interest Rate APY*
Regular Savings $5 $100 0.04% 0.04%
Money Market $2,500 - $9,999 $2,500 0.05% 0.05%
Money Market $10,000 - $24,999 $10,000 0.07% 0.07%
Money Market $25,000 and over $25,000 0.10% 0.10%

* APY = Annual Percentage Yield.

** Minimum balance required to earn stated APY.

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 earning 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. Federally insured by the NCUA.


Share Certificates

Rates are subject to change.

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Term Opening Balance Interest Rate APY*
7 Months $500 0.05% 0.05%
9 Months $500 0.10% 0.10%
13 Months $500 0.15% 0.15%
15 Months $500 0.20% 0.20%
24 Months $500 0.25% 0.25%

* 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.


Individual Retirement Accounts
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Term Opening Balance Interest Rate APY*
6 Months $100 0.05% 0.05%
12 Months $100 0.05% 0.05%
18 Months $100 0.05% 0.05%
24 Months $100 0.05% 0.05%
48 Months $1,000 0.05% 0.05%
60 Months $1,000 0.05% 0.05%

* APY = Annual Percentage Yield.

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, fees, 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. Federally insured by the NCUA.


Personal Loan Rates
Emergency Loans
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Term Amount APR*
12 Months $1,000 2.00%
12-36 Monrhs $1,000–$5,000 3.00%

**Annual Percentage Rate (APR).
All loans subject to credit approval.


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Term APR as low as* LTV†
36 Months 2.49% 120%
48 Months 2.49% 120%
60 Months 2.74% 120%
72 Months 3.24% 120%
84 Months** 4.24% 120%

Vehicles older than 10 model years or more than 120,000 miles are subject to Credit Union approval and rate may be higher.
All loans subject to credit approval and collateral approval.

*Annual Percentage Rate (APR) is .25% higher without Automatic Payment from a SCCCU account.
**84 month term is available on loans of $25,000 or more. 72 month term is available on loans of $15,000 or more.

 Loan to Value (LTV). Up to 120% 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.

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.


Real Estate
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Loan Term APR** LTV*
30/15 Balloon – First Trust Deed 180 Months Contact our Real Estate Lending Department for current rate and additional details. Up to 80%
Equity Fixed Rate – First or Second Trust Deed 60–180 Months Contact our Real Estate Lending Department for current rate and additional details. Up to 70%
HELOC–Home Equity Line of Credit (Owner Occupied) 180 Months WSJ Prime Rate + (0.74% to 3.74%) ⁺ Up to 80%
HELOC–Home Equity Line of Credit (Non-Owner Occupied) 180 Months WSJ Prime Rate + 2.75% ⁺ Up to 70%

All loans subject to credit approval.

*Maximum Loan to Value of all real estate loans held on property.
**Annual Percentage Rate (APR) is .25% higher without Automatic Payment from an SCCCU account.
⁺WSJ Prime Rate is 3.25%. as of 3/17/2020. Interest Rate Cap/Ceiling – 18.000% APR.


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Park Type APR as low as* Term Maximum LTV**
CO-OP 5.50% 240 Months 80%
Leased Space 5.50% 240 Months 80%
Real Estate Owned 3.875% 30/15 Balloon 80%

Owner Occupied only. Must be sited in an approved Mobile Home Park. Age of mobile home must be 20 Years old or newer.

* Annual Percentage Rate (APR) is .25% higher without Automatic Payment from an SCCCU account. Final APR determined by the age of the home and the FICO credit score. For single-wide mobile homes, add .50% to APR.
** Loan to Value (LTV) based on age of home and FICO credit score.


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Term APR as low as* Maximum LTV**
60 to 180 Months 6.00% 100%

Financing for solar energy installation available on owner-occupied or investment properties.
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.

* Annual Percentage Rate (APR). APR determined by FICO credit score at the time of application. First 18 months of loan payments are interest-only.


RV/Boat Loans
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Term APR as low as* LTV**
Up to 120 Months 7.75% 100%

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.
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.


Personal Loans
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Loan Term Rate APR**
Community Visa Revolving 12.40% Fixed (No Annual Fee) 12.40% Fixed (No Annual Fee)
Unsecured Personal & Bill Consolidation 1-4 Years 9.74% to 16.74% 9.74% to 16.74%

* Annual Percentage Rate (APR) is .25% higher without Automatic Payment from a SCCCU account.

On Bill Consolidation Loans, the proceeds of loan must be paid directly to creditors.

Maximum unsecured loan to a single borrower is $25,000.


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Loan Term Rate APR
Savings/Share and Certificate Secured 1-5 Years Dividend/Certificate Rate + 3% 3.00%

Maximum loan amount is equal to funds on deposit.

 


Bike Loans
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Term APR as low as* Max Loan Amount**
12 Months 5.75% $5,000
24 Months 6.25% $5,000
36 Months 6.75% $5,000
48 Months 6.95% $5,000

Proceeds paid directly to merchant.
All loans subject to credit approval and collateral.

* Annual Percentage Rate (APR) determined by FICO credit score at the time of application.
** Maximum Loan Amounts $5,000–$25,000; determined by FICO credit score at the time of application