CVF Credit Union strives to give you the best possible value for your money with a complete line of banking products and services. As a member-owned financial institution serving the individuals, families, and businesses in the 29 counties we serve. We are committed to providing competitive rates on savings and lower rates on loans to make your life better. For more details download our PDF brochure: Your Insured Funds.
Effective December 21, 2024. Rates and offers are for new loans only and are subject to change without notice. Loans already financed with CVF Credit Union do not qualify. Call us at (734) 432-0212 for more information.
| TYPE OF LOAN | TERM | ANNUAL PERCENTAGE RATE (As Low As)* |
|---|---|---|
| New Auto (Model Years 2023-2025) | Up to 60 months 61 to 72 months 73 to 84 months | 5.99% 5.99% (Min $15,000) 6.49% (Min $20,000) |
| Used Auto (Model Years 2021-2022) | Up to 60 months 61 to 72 months 73 to 84 months | 5.99% 6.24% (Min. $15,000) 6.49% (Min. $20,000) |
| Used Auto (Model Years 2017-2020) | Up to 36 months 37 to 48 months 49 to 60 months 61 to 72 months | 6.49% 6.74% (Min $10,000) 6.99% (Min. $15,000) 7.49% (Min. $20,000) |
| Used Auto (2016 and older, including Classic Cars) | Up to 36 months 37 to 48 months 49 to 60 months | 7.49% 7.74% (Min. $10,000) 7.99% (Classic Only, Requires Appraisal) |
Example: A loan amount of $40,000 with a rate as low as 5.99% APR for 60 months would have an approximate monthly payment of $773.13.
| Model Years | TERM | ANNUAL PERCENTAGE RATE (As Low As)* |
|---|---|---|
| New Recreational (Boats, RVs, Campers, and Travel Trailers) | ||
| New (Model Years 2022-2025) | up to 60 months 61 – 120 months 121 – 180 months | 6.99% 7.49% (Min. $20,000) 7.99% (Min. $30,000) |
| Used (Model Years 2019-2021)
| Up to 60 months 61 – 120 months 121 to 180 months | 7.49% 7.99% (Min. $20,000) 8.49% (Min. $30,000) |
| Used (Model Years 2018 and older) | Up to 60 months 61 – 120 months 121 to 180 months | 8.49% 8.99% (Min. $20,000) 9.49% (Min. $30,000) |
Example: A loan amount of $40,000 with a rate as low as 6.99% APR for 60 months would have an approximate monthly payment of $791.86.
| Model Years | TERM | ANNUAL PERCENTAGE RATE (As Low As)* |
|---|---|---|
| Powersports (Motorcycles, ATV, Personal Watercraft, Snowmobiles) | ||
| New (Model Years 2023 thru 2025) | up to 60 months 61 to 84 months 85 to 96 months 97 to 120 months | 6.99% 7.24% (Min. $15,000) 7.49% (Min. $20,000) 8.49% (Min. $20,000, Motorcycle only) |
| Used (Model Years 2022 and older) | up to 60 months 61 to 72 months 73 to 84 months | 7.49% 7.74% (Min. $15,000) 7.99% (Min. $20,000) |
Example: A loan amount of $40,000 with a rate as low as 6.99% APR for 60 months would have an approximate monthly payment of $791.86.
| TYPE OF LOAN | TERM | ANNUAL PERCENTAGE RATE (As Low As)* |
|---|---|---|
| Unsecured (All Purpose) Closed End
| up to 24 months 25 to 48 months 49 to 60 months | 11.49% (Min. $1,000) 11.49% (Min. $2,000) 11.49% (Min. $2,500) |
| Share Secured | up to 60 months 61 to 84 months 85 to 120 months | 5.75% 6.00% (Min. $10,000) 6.25% (Min. $25,000) |
| Certificate of Deposit Secured | Not to exceed certificate maturity | Certificate Rate + 3.00% |
| Tuition (Checks payable to the schools) | 12 months | 7.49% |
| Unsecured Overdraft Line of Credit | 11.75% (Min. $500) |
Example: An unsecured closed end loan amount of $2,000 with a rate as low as 11.49% APR for 36 months would have an approximate monthly payment of $65.49.
| Account | Introductory Rate | ANNUAL PERCENTAGE RATE (As Low As)* |
|---|---|---|
| Platinum | 0.00% for first 6 months | as low as 13.49% |
| Signature | 0.00% for first 6 months | as low as 15.49% |
Please contact us directly for most current rate disclosures.
| Account | Term | ANNUAL PERCENTAGE RATE (As Low As)* |
|---|---|---|
| Home Equity Line of Credit | 7.75% | |
| Home Equity Closed End (80% LTV) | up to 60 months | 6.99% |
| up to 120 months | 7.24% | |
| up to 180 months | 7.74% | |
| Home Equity Closed End (90% LTV) | up to 60 months | 7.49% |
| up to 120 months | 7.74% | |
| up to 180 months | 8.24% |
*Annual Percentage Rate. The Home Equity Line of Credit (HELOC) is a variable rate loan based on the Wall Street Journal Prime Rate, plus or minus an index, and can change quarterly. Regular HELOC rate for A+ credit is currently as low as 7.75% APR. Ask us for “Important Terms” and view historical rates and payment examples. Your actual rate and index will be based on your credit score and combined loan to value. The rate floor for A+ credit and 80% LTV is 7.75% APR. The maximum rate is 14.00% APR. The minimum loan for this Home Equity Line of Credit is $10,000. Appraisal fee of approximately $500 is due at time of application. Assumes A+ credit and 80% Combined Loan to Value. Your fee may be more or less depending on property and appraisal required.
*Annual Percentage Rate (APR). Individual rates vary and are dependent on individual credit history and other factors including LTV and term.
Effective December 21, 2024. Rates are subject to change without notice. Call us at (734) 432-0212 for more information.
Dividends are paid quarterly based on previous quarter rates.
| SHARES | DIVIDEND RATE | ANNUAL PERCENTAGE YIELD |
| Savings (Shares) Accounts | 0.05% | 0.05% |
| Checking (Draft) Accounts | 0.00% | 0.00% |
| Youth Accounts (16 years of age or under) | ||
| $0.01 to $1,000.00 | 1.00% | 1.00% |
| $1,000.01 and up | 0.05% | 0.05% |
| Club Accounts | 0.05% | 0.05% |
| IRA Shares (Traditional, Roth & ESA) | 0.15% | 0.15% |
Annual Percentage Yield (APY). APY may change before or after the account is opened. Fees may reduce earnings. Fee Schedule is now available in online banking.
| MONEY MARKET | DIVIDEND RATE | ANNUAL PERCENTAGE YIELD |
| $0 – $2,499.99 | 0.00% | 0.00% |
| $2,500 – $24,999.99 | 1.00% | 1.00% |
| $25,000 – $74,999.99 | 1.25% | 1.26% |
| $75,000 – $149,999.99 | 1.50% | 1.51% |
| $150,000 – $249,999.99 | 1.75% | 1.76% |
| $250,000 + | 2.00% | 2.02% |
Annual Percentage Yield (APY). APY may change before or after the account is opened. Fees may reduce earnings. Fee Schedule is now available in online banking.
| IRA/SHARE CERTIFICATES | DIVIDEND RATE | ANNUAL PERCENTAGE YIELD |
| Rates are subject to change without notice. | ||
| 1-year Certificate | 3.50% | 3.55% |
| 2-year Certificate | 3.00% | 3.03% |
| 3-year Certificate | 3.00% | 3.03% |
| 4-year Certificate | 3.00% | 3.03% |
| 5-year Certificate | 3.00% | 3.03% |
Annual Percentage Yield (APY). APY subject to change without notice. Minimum to open: $500 for IRA certificates. Fees may reduce earnings; subject to penalty for early withdrawal. Fee Schedule is now available in online banking.