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Loan Rates


Cooper's Cave Federal Credit Union Loans
Secured Loan Rates
Credit Rating
A+
A
B
C
D
 
APR*
as low as
APR*
as low as
APR*
as low as
APR*
as low as
APR*
as low as
48 Mon
5.25
5.75
6.75
9.00
11.50
60 Mon
5.50
6.00
7.00
9.25
11.75
72 Mon
5.75
6.25
7.25
9.50
NA
Unsecured Loan Rates
Credit Rating
A+
A
B
C
D
 
APR*
as low as
APR*
as low as
APR*
as low as
APR*
as low as
APR*
as low as
48 Mon
9.75
10.75
12.75
14.75
16.75

*APR= Annual Percentage Rate

 
Rate Reduction
Rate Reduction Program on Secured Loans
10% equity as compared to NADA retail value is .25% reduction on above rates.
20% equity as compared to NADA retail value is .50% reduction on above rates.
Fully Secured by Shares - Loan rate 3.00% above share dividend rate for maximum of 60 months.
Credit Scores
A+ = 775 or higher
A = 700-774
B = 650-699
C = 600-649
D = 550-599
E = 549 or less
Please call for rates on credit scores of 549 or less.
 
Overdraft Loans
Overdraft Loan
Rate
APR*
14.50
14.50

Overdraft loan line of credit of $500 reflects $35 monthly payment

Overdraft loan line of credit of $1,000 reflects $45 monthly payment

 

 
Morgage and Home Equity Loans
First Mortgages (See a Member Service Representative for details)
Rate
Points
APR*
 
Home Equity Fixed (80 % of equity, $10,000 - $25,000 or less, 60 month term)
Rate
Points
APR*
5.50
0
5.50
 
Home Equity Fixed (80 % of equity, $25,001 - $50,000, 120 month term)
Rate
Points
APR*
6.50
0
6.50
 
Home EquityFixed (80 % of equity, $50,001 - $75,000, 180 month term) Rate Points APR*
7.50
0
7.50
 
**Home EquityFixed (80% equity, $75,001 - $100,000, 240 month term)
Rate
Points
APR*
8.50
0
8.50
 
**Home Equity Line of CreditVariable (80% equity, $10,000 to 50,000, 180 month term)
Rate
Points
APR*
4.50
0
4.50
 
**Home Equity Line of CreditVariable (80% equity, $50,001 to $100,000, 240 month term)
Rate
Points
APR*
4.50
0
4.50
 
*APR = Annual Percentage Rate
Home Equity Loan Notes:
  • Using the rate of 5.50% your calculated payment on 5 years is $19.10 for every $1,000 financed.
  • Using the rate of 6.50% your calculated payment on 10 years is $11.36 for every $1,000 financed.
  • Using the rate of 7.50% your calculated payment on 15 years is $9.28 for every $1,000 financed.
  • Using the rate of 8.50% your calculated payment on 20 years is $8.68 for every $1,000 financed.
  • Credit restrictions apply.
  • All Rates are subject to change without advance notice.
  • Cooper's Cave Federal Credit Union is not responsible or liable for typographical errors regarding posted rates.
  • Contact your tax advisor for tax deduction purposes.
Home Equity Variable-Rate Line of Credit Loan Notes:
  • Quoted rate is valid for the first year of the loan. The rate will be adjusted to the prime rate as published in the Wall Street Journal, 30 days prior to the annual interest rate adjustment.
  • The rate adjustment is based on the Prime Rate as published in the Wall Street Journal with a margin of 1.50%. The rate cannot increase or decrease more that 2.0 percentage points in any one year period. The rate cannot fall below the initial rate and not exceed 12.00%.
  • The closing costs for the loan will be New York State Mortgage Tax. New York State Mortgage Tax varies slightly by county and is equal to 3/4% to 1.0% of the financed amount.
  • There is a 7 year draw period on Line of Credit.
  • Credit Restrictions apply
  • All rates are subject to change without advance notice.
  • Cooper's Cave Federal Credit Union is not responsible for typographical errors regarding posting rates.
  • Contact your tax advisor for tax deduction purposes.
 
Savings
Savings
 
Minimum Balance
Dividend Rate
APY*
Term
Share
$500
0.25
0.25
n/a
Club Accounts
$100
0.15
0.15
n/a
Money Market - Tier 1
$500-$4,999
0.50
0.50
n/a
Money Market - Tier 2
$5,000-$24,999
0.74
0.74
n/a
Money Market - Tier 3
$25,000+
1.10
1.11
n/a
IRA
$100
0.50
0.50
n/a
Savings Notes:
  • Effective April 1, 2009
  • Rates on Average Daily Balance for the Month
  • Annual Percentage Yield (APY*)
  • All Rates are subject to change without advance notice

 

 

 

 
Certificates
Certificates
 
Early Withdrawal
Penalty
(Days of Dividend)
Dividend
Rate
APY*
6 Months
90
0.95
0.95
12 Months
90
1.43
1.44
24 Months
120
1.77
1.78
IRA 12 Months
90
1.43
1.44
Certificate Notes:
  • Effective April 1, 2009
  • Minimum $1,000 certificate deposit
  • Rates on Average Daily Balance for the month
  • Annual Percentage Yield (APY*) assumes that the principal and interest are on deposit for one year at the same rate
  • All rates are subject to change without advance notice
 

NCUA Equal Housing Lender
Contact Us
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Main Office & Mailing Address: 92 Dix Avenue | Glens Falls, NY 12801
Phone: 518.793.9502 | Fax: 518.793.7961

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