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Rates
Savings Rates
Certificate Rates
Loan Rates
VISA Card Programs
Mortgage Rates
Savings Rates
| Share Accounts |
| Effective Date: Sunday, August 1st, 2010 |
| Product | Minimum Balance | Dividend Rate | Paid | APY |
| Savings* |
$10.00 |
0.100% |
Quarterly |
0.100% |
| Rainy Day* |
None |
0.100% |
Quarterly |
0.100% |
| Holiday Share* |
None |
0.100% |
Quarterly |
0.100% |
| * Minimum balance of $50.00 required to earn dividends. |
| IMMIA |
| Effective Date: Sunday, August 1st, 2010 |
| Minimum Balance | Dividend Rate | Paid | APY |
| $2,500 -$7,499 |
0.300% |
Monthly |
0.300% |
| $7,500 - $12,499 |
0.400% |
Monthly |
0.400% |
| $12,500 - $19,999 |
0.450% |
Monthly |
0.450% |
| $20,000 - $24,999 |
0.500% |
Monthly |
0.500% |
| *Minimum balance of $50.00 required to earn dividends. |
| Platinum IMMIA |
| Effective Date: Sunday, August 1st, 2010 |
| Minimum Balance | Dividend Rate | Paid | APY |
| $25,000 -$39,999 |
.650% |
Monthly |
0.650% |
| $40,000 - $99,999 |
0.800% |
Monthly |
0.800% |
| $100,000 - $249,999 |
1.000% |
Monthly |
1.000% |
| $250,000 - $499,999 |
1.050% |
Monthly |
1.060% |
| $500,000 and up |
1.100% |
Monthly |
1.110% |
| Checking Accounts |
| Effective Date: Sunday, August 1st, 2010 |
| Product | Minimum Balance | Dividend Rate | Paid | APY |
| Interest Checking |
$500.00 |
0.200% |
Monthly |
0.200% |
| Money Market Checking |
$2,500 - $7,499 |
0.300% |
Monthly |
0.300% |
| |
$7,500 - $12,499 |
0.400% |
Monthly |
0.400% |
| |
$12,500 - $19,999 |
0.450% |
Monthly |
0.450% |
| |
$20,000 and up |
0.500% |
Monthly |
0.500% |
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Certificates
| Share Certificates |
| Effective Date: Sunday, August 1st, 2010 |
| Term | Minimum Balance | Dividend Rate | APY | Paid |
| 6 Months |
$1,000.00 |
0.550% |
0.550% |
At Maturity |
| 12 Months |
$1,000.00 |
0.750% |
0.750% |
Quarterly |
| 18 Months |
$1,000.00 |
1.050% |
1.060% |
Quarterly |
| 24 Months |
$1,000.00 |
1.400% |
1.410% |
Quarterly |
| 36 Months |
$1,000.00 |
1.900% |
1.920% |
Quarterly |
| 48 Months |
$1,000.00 |
2.250% |
2.270% |
Quarterly |
| 60 Months |
$1,000.00 |
2.500% |
2.530% |
Quarterly |
| Classic level members receive an additional .10% on new share certificates; Premier level members receive an additional .20% on new share certificates (18 Month term or higher). |
| Jumbo Certificates |
| Effective Date: Sunday, August 1st, 2010 |
| Term | Minimum Balance | Dividend Rate | Paid | APY |
| 12 Months |
$50,000.00 |
0.950% |
Quarterly |
0.950% |
| 18 Months |
$50,000.00 |
1.550% |
Quarterly |
1.560% |
| 24 Months |
$50,000.00 |
1.900% |
Quarterly |
1.910% |
| 36 Months |
$50,000.00 |
2.400% |
Quarterly |
2.420% |
| 48 Months |
$50,000.00 |
2.750% |
Quarterly |
2.780% |
| 60 Months |
$50,000.00 |
3.000% |
Quarterly |
3.030% |
| Youth Certificates |
| Effective Date: Sunday, August 1st, 2010 |
| Term | Minimum Balance | Dividend Rate | Paid | APY |
| 6 Months |
$250.00 |
0.550% |
At Maturity |
0.550% |
| 12 Months |
$250.00 |
0.750% |
Quarterly |
0.760% |
| IRA Rates |
| Effective Date: Sunday, August 1st, 2010 |
| Term | Minimum Balance | Dividend Rate | Paid | APY |
| 12 Months |
$500.00 |
0.750% |
Quarterly |
0.750% |
| 18 Months |
$500.00 |
1.050% |
Quarterly |
1.060% |
| 24 Months |
$500.00 |
1.400% |
Quarterly |
1.410% |
| 36 Months |
$500.00 |
1.900% |
Quarterly |
1.920% |
| 48 Months |
$500.00 |
2.250% |
Quarterly |
2.270% |
| 60 Months |
$500.00 |
2.500% |
Quarterly |
2.530% |
| Jumbo* |
$50,000.00 |
0.950% |
Quarterly |
0.950% |
| *Jumbo is a 12 month IRA |
| IRA Share** |
$10.00 |
.650% |
Quarterly |
0.650% |
| ** $50.00 minimum required to earn dividends |
| Classic level members receive an additional .10% on new IRA certificates; Premier level members receive an additional .20% on new IRA certificates (18 Month term or higher), excluding Jumbo CD's. |
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| Secured Loans |
| Effective Date: Sunday, August 1st, 2010 |
| Term | APR* as low as |
| 24 Months |
3.25% |
| 36 Months |
3.45% |
| 48 Months |
3.75% |
| 60 Months |
3.75% |
| 72 Months |
4.50% |
| Driving Sense Loans (Lease Program) |
Contact branch for rate. |
| * APR = Annual Percentage Rate. Rates are "as low as" and are based on credit score, term of loan. Rates are subject to change at any time. |
| Additional charges may apply (e.g. late payment fee). |
| Additional Loan Products |
| Effective Date: Sunday, August 1st, 2010 |
| Loan Type | Term | APR* as low as | Minimum Loan Amount |
| RV and Boat Loan |
7 Year Balloon |
6.550% |
$35,000.00 |
| RV, Boat and Mobile Home |
15 Year Fixed |
6.800% |
$25,000.00 |
| Personal / Unsecured |
Varies |
9.600% |
N/A |
| * APR = Annual Percentage Rate. Rates are "as low as" and are based on credit score, term of loan. Rates are subject to change at any time. |
| Additional charges may apply (e.g. late payment fee). |
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| VISA Card Programs |
| Effective Date: Sunday, August 1st, 2010 |
| Product | APR* as low as | Monthly Periodic Rate | Annual Fee | Grace Period** | Late Fee | Balance Computation Method |
| VISA Platinum |
10.00% |
0.83% |
None |
25 Days from statement close |
$25.00 |
Average daily balance including new purchases |
| VISA Classic |
14.88% |
1.24% |
None |
25 Days from statement close |
$25.00 |
Average daily balance including new purchases |
| VISA Secured |
14.88% |
1.24% |
None |
25 Days from statement close |
$25.00 |
Average daily balance including new purchases |
| BOOM VISA |
10.00% |
0.83% |
None |
25 Days from statement close |
$25.00 |
Average daily balance including new purchases |
| ** Grace period on new purchases only. |
This Rate Schedule sets forth certain conditions and rates applicable to your accounts at the Credit Union at this time. The Credit Union may offer other rates or amend the rates contained in this schedule at any time.
Please call (248) 340-9310 for current rates.
Cornerstone Community Financial is an equal housing lender.
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| Fixed Rate Mortgages |
| Effective Date: Sunday, August 1st, 2010 |
| Mortgage Program | 0.500% Point Rate | APR (est**) | Zero Point Rate | APR (est**) | Notes |
| 15-Year Fixed |
N/A |
N/A |
4.250% |
4.356% |
|
| 20-Year Fixed |
N/A |
N/A |
4.875% |
4.960% |
|
| 30-Year Fixed |
N/A |
N/A |
4.875% |
4.937% |
|
| Please consult with a CCF mortgage representative. |
| MSHDA |
|
|
5.375% |
5.528% |
|
| 5-Year Balloon |
4.500% |
3.714% |
|
|
0.500% points |
| Adjustable Rate Mortgages (ARM) |
| Effective Date: Sunday, August 1st, 2010 |
| Mortgage Program | 0.50% POint Rate | APR (est**) | Zero Point Rate | APR (est**) | Notes |
| 1/1 ARM |
N/A |
N/A |
6.000% |
3.473% |
|
| 5/1 ARM |
4.500% |
3.714% |
N/A |
N/A |
0.500% points |
| 7/1 ARM |
4.875% |
4.063% |
N/A |
N/A |
0.500% points |
| Please consult with a CCF mortgage representative. |
| Home Equity Loans |
| Effective Date: Sunday, August 1st, 2010 |
| Loan Type | APR* as low as |
| Home Equity VISA Line of Credit |
4.25*** |
| Fixed Rate Home Equity |
4.875% |
| Please consult a CCF mortgage representative. |
* APR = Annual Percentage Rate. Rates are subject to change at any time without notice. Current prime rate is 3.25%. Contact a branch office for the most up-to-date rates.
** Estimated APR’s shown are based on a $120,000 loan with a 20% down payment, applicable loan disocount fees, closing costs. Rates are for conforming loans under $417,000. All other first mortgages will be assessed 1/4% higher rate.
***Rate includes discount for qualifying services such as: direct deposit, active checking account, e-statements & online bill pay
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