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Rates

At Cornerstone Community Financial we strive to provide our members with some of the most competitive rates in the Metro Detroit and surrounding areas. See our list of products and rates below, and feel free to reach out to any of our member service representatives if you have any questions.

APR = Annual Percentage Rate. APY = Annual Percentage Yield. Fees may reduce earnings. Rates effective October 1st, 2019. Dividend and loan rates subject to change at any time.

Loans

Auto Loans - New & Used Learn More

Term APR
Rates^ as low as
Notes
Up to 39 Months 2.94% Minimum Loan Amount $4,000
40 - 64 Months 3.24% Minimum Loan Amount $7,500
65 - 75 Months 3.70% Minimum Loan Amount $10,000
76 - 84 Months 4.04% Minimum Loan Amount $15,000
*65 - 75 Months 3.45% Minimum Loan Amount $15,000

^ Rates are "as low as" and are based on credit score and model year of vehicle. Other account requirements and conditions may apply. Rates are subject to change at any time.

*Promotional rate valid for a limited time and dependent upon loan amount and model year of vehicle. Inquire for more detail.

Rates for terms greater than 75 months will be provided by request, and will be based upon the quality of applicant and deal being presented.

Home Equity Loans Learn More

Loan Type APR
Rates^ as low as
*Home Equity VISA Line of Credit 5.49%
**Fixed Rate Home Equity - 5 Year Fixed 3.74%
**Fixed Rate Home Equity - 10 Year Fixed 4.24%
**Fixed Rate Home Equity - 15 Year Fixed 4.54%

^ Rates are "as low as" and are based on credit score, property value, lien position and other account requirements. Rates are subject to change at any time. Please consult with a CCF Home Equity Representative.

*Direct deposit & new checking account required.

**Direct deposit & new checking account required. First lien position 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 800-777-6728 for any further rate questions.

Cornerstone Community Financial is an equal housing lender.

Leisure Vehicles Learn More

Term APR
Rates^ as low as
Notes
24 - 39 Months 5.04% Minimum Loan Amount $4,000
40 - 64 Months 5.54% Minimum Loan Amount $7,500
65 - 75 Months 6.24% Minimum Loan Amount $10,000
76 - 84 Months 6.74% Minimum Loan Amount $15,000

Terms of 84 months or greater are subject to current and last year models only, with minimum loan amounts of $25,000. Rates for terms greater than 84 months will be provided by request, and will be based upon the quality of applicant and deal being presented.

^ Rates are "as low as" and are based on credit score and model year of vehicle. Other account requirements and conditions may apply. Rates are subject to change at any time.

Additional Loan Products

Loan Type Term APR
Rates^ as low as
Minimum Loan Amount
Personal/Unsecured 12-35 months 7.24%

N/A

Personal/Unsecured 36-60 months 9.24%

N/A

^ Rates are "as low as" and are based on credit score. Rates are subject to change at any time. Other account requirements and conditions may apply.

Visa Card Programs Learn More

Product APR
Rates^ as low as
Monthly Periodic Rate Annual Fee
VISA Platinum 10.00% 0.83% None
VISA Platinum 14.88% 1.24% None
VISA Secured 14.88% 1.24% None

^ Rates are "as low as" and are based on credit score.

All cards:

Grace period: 20 days from statement close on new purchases only.

Late fee: $25.00

Balance computation method: Average daily balance including new purchases

Accounts

Rewards Checking Learn More

Balance Dividend Rate APY*
$0 - $15,000 2.00% 2.02%
$15,000+ 0.27% 2.02% to 0.50%
All balances if qualifications not met 0.02% 0.02%

To earn rewards, just do the following during the monthly statement cycle:

  • Have at least 12 debit card transactions post and settle
  • Enroll in and receive eStatements
  • Log in to home banking or mobile once per cycle

If you don't meet the qualifications on any given cycle, no problem. The account is still free and earns the base dividend rate. You can get back to earning rewards the very next month that you meet qualifications.

*APY=Annual Percentage Yield. Rates may change after account is opened. Minimum to open is $100. If qualifications are met each monthly statement cycle: (1) Domestic ATM fees incurred during statement cycle will be reimbursed up to $20 and credited to account on the last day of monthly statement cycle; (2) balances up to $15,000 receive APY of 2.02%; and (3) balances over $15,000 earn 0.27% interest rate on portion of balance over $15,000, resulting in 2.02% - 0.50% APY depending on the balance. If qualifications are not met, all balances earn 0.02% APY. Qualifying transactions must post to and settle account during monthly statement cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM transactions do not count towards qualifying debit card transactions. Statement cycles begin on the first day of the month and end on the last day of the month. Monthly direct deposit required to have this account. Limit one account per SSN.

CORE Rewards Checking

Balance Dividend Rate APY*
$0 - $15,000 2.00% 2.02%
$15,000+ 0.27% 2.02% to 0.50%
All balances if qualifications not met 0.02% 0.02%

To earn rewards, just do the following during the monthly statement cycle:

  • Have at least 12 debit card transactions post and settle
  • Enroll in and receive eStatements
  • Log in to home banking or mobile once per cycle

If you don't meet the qualifications on any given cycle, no problem. The account is still free and earns the base dividend rate. You can get back to earning rewards the very next month that you meet qualifications.

*APY=Annual Percentage Yield. Rates may change after account is opened. Minimum to open is $100. If qualifications are met each monthly statement cycle: (1) Domestic ATM fees incurred during statement cycle will be reimbursed up to $20 and credited to account on the last day of monthly statement cycle; (2) balances up to $15,000 receive APY of 2.02%; and (3) balances over $15,000 earn 0.27% interest rate on portion of balance over $15,000, resulting in 2.02% - 0.50% APY depending on the balance. If qualifications are not met, all balances earn 0.02% APY. Qualifying transactions must post to and settle account during monthly statement cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM transactions do not count towards qualifying debit card transactions. Statement cycles begin on the first day of the month and end on the last day of the month. Limit one account per SSN.

Deluxe Business Checking

Minimum Balance Dividend Rate APY
$5,000 0.20% 0.20%

Minimum balance of $5000 required to earn dividends. Dividends paid monthly.

Business Analysis Checking

Minimum Balance Dividend Rate APY
$2,500 - $7,499 0.10% 0.10%
$7,500 - $12,499 0.15% 0.15%
$12,500+ 0.20% 0.20%

Minimum balance of $2,500 required to earn dividends. Dividends paid monthly.

Savings Accounts Learn More

Product Minimum Required Opening Deposit Dividend Rate APY
Regular Savings $10.00 0.10% 0.10%
Rainy Day Savings None 0.10% 0.10%
Holiday Share Savings None 0.10% 0.10%

Minimum balance of $50.00 required to earn dividends. Dividends paid quarterly.

Money Market Learn More

Minimum Balance Dividend Rate APY
$0 - $7,499 0.10% 0.10%
$7,500 - $12,499 0.15% 0.15%
$12,500 - $24,999 0.20% 0.20%
$25,000 - $39,999 0.35% 0.35%
$40,000 - $99,999 0.40% 0.40%
$100,000 - $249,999 0.45% 0.45%
$250,000 - $499,000 0.55% 0.55%
$500,000+ 0.60% 0.60%

Minimum balance of $50 required to earn dividends. Dividends paid monthly.

Step-Up Certificate Learn More

Term Minimum Balance Dividend Rate APY
First 6 months $1,000 0.50% 0.50%
Second 6 months $1,000 0.75% 0.75%
Third 6 months $1,000 1.00% 1.00%
Fourth 6 months $1,000 1.25% 1.25%

24-month certificate with rate bumps every 6 months. Dividends paid at maturity. Penalty may apply for early withdrawal.

Share Certificates Learn More

Term Minimum Balance Dividend Rate APY
6 Months $1,000.00 0.30% 0.30%
12 Months $1,000.00 0.80% 0.80%
18 Months $1,000.00 1.00% 1.00%
24 Months $1,000.00 1.10% 1.10%
36 Months $1,000.00 1.50% 1.50%
48 Months $1,000.00 1.75% 1.76%
60 Months $1,000.00 2.00% 2.01%

Dividends paid quarterly. 6 Month Certificate dividends paid at maturity. Penalties may apply for early withdrawal.

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).

Individual Retirement Account (IRA) Learn More

Term Minimum Balance Dividend Rate APY
12 Months $500.00 0.80% 0.80%
18 Months $500.00 1.00% 1.00%
24 Months $500.00 1.10% 1.10%
36 Months $500.00 1.50% 1.50%
48 Months $500.00 1.75% 1.76%
60 Months $500.00 2.00% 2.01%
IRA Share? $10.00 0.20% 0.20%

?Minimum balance of $50.00 required to earn dividends.

Applies to Traditional, Roth and Education IRAs

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 CDs. Dividends paid quarterly. Penalties may apply for early withdrawal. 

Jumbo Certificates & Jumbo IRA Certificates Learn More

Term Minimum Balance Dividend Rate APY
12 Months $50,000.00 1.00% 1.00%
18 Months $50,000.00 1.20% 1.20%
24 Months $50,000.00 1.30% 1.30%
36 Months $50,000.00 1.70% 1.71%
48 Months $50,000.00 1.95% 1.96%
60 Months $50,000.00 2.20% 2.21%

Penalties may apply for early withdrawal. Dividends paid quarterly.

Youth Certificates

Term Minimum Balance Dividend Rate APY
6 Months $250.00 0.30% 0.30%
12 Months $250.00 0.60% 0.60%

Penalties may apply for early withdrawal. Dividends paid quarterly. 6 Month Certificate dividends paid at maturity.