Loans
Effective: May 4, 2009
New Car Conventional Loan
Used Car Conventional Loans
| 4.9% APR |
0 - 60 months |
0.0134247% |
 |
No payments for 60 days |
|
100% financing includes tax, title, and tags |
|
Up to 100% of NADA clean retail value |
|
Minimum $1,000 cash out to refinance a current Congressional FCU loan |
|
| 5.9% APR |
0 - 60 months |
0.0161644% |
|
No payments for 60 days |
|
101% to 115% financing includes tax, title, and tags |
|
Up to 100% of NADA clean retail value |
|
Minimum $1,000 cash out to refinance a current Congressional FCU loan |
|
| 6.9% APR |
61 - 72 months |
0.0189041% |
|
No payments for 60 days |
|
100% financing includes tax, title, and tags |
|
Up to 100% of NADA clean retail value |
|
Minimum $10,000 loan or vehicle value |
|
Minimum $1,000 cash out to refinance a current Congressional FCU loan |
|
| 7.9% APR |
61 - 72 months |
0.0216438% |
|
No payments for 60 days |
|
101% to 115% financing includes tax, title, and tags |
|
Up to 100% of NADA clean retail value |
|
Minimum $20,000 loan or vehicle value |
|
Minimum $1,000 cash out to refinance a current Congressional FCU loan |
|
|
Terms and rates are subject to change without notice. Approval is subject to income requirements and credit review. |
New Car Balloon Loans
| 4.9%
APR |
0 - 60 months |
0.0134247% |
|
No payments for 60 days |
|
Up to 100% of retail value. Financing includes tax, title and tags. |
|
| 5.9% APR |
0 - 60 months |
0.0161644% |
|
No payments for 60 days |
|
From 101% to 115% of retail value. Financing includes tax, title and tags. |
|
| 6.9% APR |
61 - 72 months |
0.0189041% |
|
No payments for 60 days |
|
Minimum $20,000 loan or vehicle value |
|
Up to 100% of retail value. Financing includes tax, title and tags |
|
| 7.9% APR |
61 - 72 months |
0.0216438% |
|
No payments for 60 days |
|
Minimum $20,000 loan or vehicle value |
|
From 101% to 115% of retail value. Financing includes tax, title and tags. |
|
| Terms and rates are subject to change without notice. Approval is subject to income requirements and credit review. |
Used Car Balloon Loan
| 5.9%
APR |
0 - 60 months |
0.0161644% |
|
No payments for 60 days |
|
100% financing includes tax, title, and tags |
|
Up to 100% of NADA clean retail value |
|
Minimum $1,000 cash out to refinance a current Congressional FCU loan |
|
| 6.9% APR |
0 - 60 months |
0.0189041% |
|
No payments for 60 days |
|
101% to 115% financing includes tax, title, and tags |
|
Up to 100% of NADA clean retail value |
|
Minimum $10,000 loan or vehicle value |
|
Minimum $1,000 cash out to refinance a current Congressional FCU loan |
|
| 7.9% APR |
61 - 72 months |
0.216438% |
|
No payments for 60 days |
|
100% financing includes tax, title, and tags |
|
Up to 100% of NADA clean retail value |
|
Minimum $20,000 loan or vehicle value |
|
Minimum $1,000 cash out to refinance a current Congressional FCU loan |
|
| 8.9% APR |
61 - 72 months |
0.0243836% |
|
No payments for 60 days |
|
101% to 115% financing includes tax, title, and tags |
|
Up to 100% of NADA clean retail value |
|
Minimum $20,000 loan or vehicle value |
|
Minimum $1,000 cash out to refinance a current Congressional FCU loan |
|
| Terms and rates are subject to change without notice. Approval is subject to income requirements and credit review. |
Mortgages - Click
here to learn more about today's rates.
| We offer many options for fixed and variable rate mortgages. For mortgage related questions, please call for details, 703-934-8300, option 3, or 800-558-2049. |
Home Equity Loans*
| 4.90% |
5 years |
0.0134247% |
Up to 80% Loan-to-Value |
| 5.50% |
5 years |
0.0150685% |
|
81% to 85% Loan-to-Value |
|
| 6.75% |
5 years |
0.0184932% |
86% to 90% Loan-to-Value |
| 6.75% |
5 years |
0.0184932% |
91% to 95% Loan-to-Value |
| 5.50% |
7 years |
0.0150685% |
|
Up to 80% Loan-to-Value |
|
| 6.00% |
7 years |
0.0164384% |
81% to 85% Loan-to-Value |
| 7.25% |
7 years |
0.0198630% |
86% to 90% Loan-to-Value |
| 7.25% |
7 years |
0.0198630% |
91% to 95% Loan-to-Value |
| 6.00% |
10 years |
0.0164384% |
Up to 80% Loan-to-Value |
| 6.50% |
10 years |
0.0178082% |
81% to 85% Loan-to-Value |
| 7.75% |
10 years |
0.0212329% |
86% to 90% Loan-to-Value |
| 7.75% |
10 years |
0.0212329% |
91% to 95% Loan-to-Value |
| 6.50% |
15 years |
0.0178082% |
Up to 80% Loan-to-Value |
| 7.00% |
15 years |
0.0191781% |
81% to 85% Loan-to-Value |
| 8.25% |
15 years |
0.0226027% |
86% to 90% Loan-to-Value |
| 8.25% |
15 years |
0.0226027% |
91% to 95% Loan-to-Value |
| *The fixed rate loans are fully amortized (no balloon payment) loans. The minimum loan amount is $5,000.00. Rates are based upon the appraised home value and the combined loan-to-value (CLTV) of the first and second mortgages. If the CLTV is greater than 85%, other restrictions may also apply. Available in all states and the District of Columbia, except Alaska, Hawaii, and Texas on owner-occupied residential property. The cost of an appraisal and closing costs are the borrower's expense. Approval is subject to income requirements, a credit review, and a review of the property, title and hazard insurance. If the property is located in a flood plain, as designated by the Federal Emergency Management Agency, flood insurance is required. Rates and terms are subject to change without notice. Rates are considered locked for 45 days upon receipt of the application. |
Home Equity Lines of Credit
|
Prime - .25% (borrower pays closing cost) |
10
years |
Varies |
|
Maximum 85% loan-to-value, subject to a review of your
credit, debt ratio and home appraisal. |
|
$10,000 minimum loan |
|
| Prime + .75% (CFCU pays closing cost) |
10
years |
Varies |
|
Maximum 85% loan-to-value, subject to a review of your
credit, debt ratio and home appraisal. |
| |
$10,000 minimum
loan |
|
| Prime + .75% (Borrower pays closing cost) |
10 years |
Varies |
|
Maximum 95% loan-to-value, subject to a review of your
credit, debt ratio and home appraisal. |
| |
$10,000 minimum
loan |
|
Other restrictions may apply. |
|
Prime + 1.75% (CFCU pays closing cost) |
10 years |
Varies |
|
Maximum 95% loan-to-value, subject to a review of your
credit, debt ratio and home appraisal. |
| |
$10,000 minimum
loan |
|
Other restrictions may apply. |
|
| Variable interest rate is based on the Wall Street Journal Prime Rate and is subject to change quarterly. Minimum monthly payment is 1.5% of the balance outstanding at the end of the previous month. The rate cannot increase or decrease more than 2% in a calendar year and the maximum rate is 18%. For accounts on which CFCU pays closing costs, if the line of credit is terminated within the first year, the closing costs must be reimbursed to the Credit Union. The Wall Street Journal Prime Rate was 3.25% as of April 1, 2009.
|
Visa Credit Cards
| Platinum
with Rewards |
4.9%
APR for first 6 months on purchases, all other transactions 8.5% APR |
3%
of balance,
$15 minimum |
0.0260274% |
|
$48
annual fee for rewards program - earn points for
air travel and name brand merchandise |
|
Limits $1,000 to $35,000 |
|
After 6 months, the APR goes
to the everyday rate, currently 8.5% APR |
|
| Platinum |
4.9%
APR for first 6 months on purchases, all other transactions
8.5% APR |
3% of balance,
$15 minimum |
0.0260274% |
|
No
annual fee. This card does not earn points |
|
Limits $1,000 to $35,000 |
|
After 6 months, the APR goes
to the everyday rate, currently 8.5% APR |
|
| Student Platinum |
4.9%
APR for first 6 months on purchases, all other transactions 8.5% APR |
3%
of balance,
$15 minimum |
0.0260274% |
|
No
annual fee. This card does not earn points |
|
Limits $1,000 to $5,000 |
|
After 6 months, the APR goes
to the everyday rate, currently 8.5% APR |
|
| Terms and rates are subject to change without notice. Approval is subject to income requirements and credit review. |
Personal and Debt Consolidation Loans, Reserve Line of Credit
Secured Loans
| Shared
Secured |
N/A |
N/A |
N/A |
|
Shares
may be used to secure loans if converted to a share
certificate |
|
| Secured
by Certificate |
Dividend
Rate
+ 3% |
Up
to maturity date of the certificate |
Varies |
|
Loan
amount is up to 75% of the initial deposit in the certificate |
|
Motorcycle Loans
| New |
4.5% |
Up to 36 months |
|
$3,000 minimum loan |
|
90% financing of the total drive away price |
|
6 months proof
of paid in full insurance coverage |
|
| New |
5.0% |
Up to 60 months |
|
$10,000 minimum loan |
|
90%
financing of the total drive away price |
|
6
months proof of paid in full insurance coverage |
|
| Used |
4.75% |
Up
to 36 months |
|
$3,000 minimum loan |
|
90%
financing of the total drive away price |
|
6
months proof of paid in full insurance coverage |
|
| Used |
5.75% |
Up to 60 months |
|
$10,000 minimum loan |
|
90%
financing of the total drive away price |
|
6
months proof of paid in full insurance coverage |
|
| Terms and rates are subject to change without notice. Approval is subject to income requirements and credit review. |
Boat Loans
| New |
8.0% |
Up to 60 months |
|
$25,000 or less |
|
50% financed, up to average retail value (including taxes and tags) |
|
| New |
8.0% |
61 - 84 months |
|
$30,000 minimum loan |
|
50%
financed, up to average retail value(including taxes and tags) |
|
| New |
11.0% |
85
- 96 months |
|
$40,000 minimum loan |
|
50% financed, up to average retail value(including taxes and tags) |
|
| Used |
8.0% |
Up
to 60 months |
|
$25,000 or less |
|
50% financed, up to High Value of NADA Marine Appraisal Guide |
|
| Used |
8.0% |
61
- 84 months |
|
$30,000 minimum loan |
|
50% financed, up to High Value of NADA Marine Appraisal Guide |
|
| *A "Certified Marine Survey" is required to establish value for used boats from 26-100 feet in length. A "Preferred Mortgage" is required for boats more than 26 feet in length. Terms and rates are subject to change without notice. Approval is subject to income requirements and credit review. |
RV Loans
| New |
11.3% |
Up
to 60 months |
|
No minimum loan amount required |
|
80%
financed, up to retail value (including taxes and tags) |
|
| New |
11.3% |
61
- 96 months |
|
$25,000 minimum loan |
|
80%
financed, up to retail value(including taxes and tags) |
|
| Used |
11.3% |
Up
to 60 months |
|
No minimum loan amount required |
|
Up to 80% of NADA Used Retail Value |
|
| Used |
11.3% |
61
- 96 months |
|
$25,000 minimum loan |
|
Up to 80% of NADA Used Retail Value |
|
| *Recreational Vehicle loans are limited to states where titles are issued for these vehicles. Terms and rates are subject to change without notice. Approval is subject to income requirements and credit review. |
Educational Loans
We offer Stafford and PLUS loans. Contact our telephone service center for details.
All loans are stated as annual percentage rates and are subject to change. If you are refinancing an existing CFCU loan, you must reapply. Your minimum monthly payment will be $25 unless otherwise noted. |
Savings and Checking Rates
Effective: December 19, 2008
| Classic
Checking |
N/A |
N/A |
N/A |
$0 |
| Capitol
Checking |
0.15% |
0.15% |
$1,000
and above |
$1,000 |
| Money
Market |
0.50%
0.75%
1.00%
1.36%
1.51%
1.61%
1.76%
|
0.50%
0.75%
1.00%
1.35%
1.50%
1.60%
1.75%
|
$0
$2,500 - $9,999
$10,000 - $24,999
$25,000 - $49,999
$50,000 - $74,999
$75,000 - $99,999
$100,000 and above
| $2,500 |
| IRA
Daily |
|
|
| $0 |
- |
$19,999.99
|
| $20,000 |
- |
$49,999.99 |
| $50,000 |
- |
$99,999.99 |
| $100,000 |
- |
and above |
|
$0 |
| Membership
Savings |
0.50% |
0.50% |
$0
and above |
$5 |
| Second
Savings |
0.50% |
0.50% |
$0
and above |
$0 |
Congressional Kids Club
Congressional Freedom
Congressional Independence
|
0.50% |
0.50% |
$0
and above |
$5 |
| Holiday
Club Account |
0.50% |
0.50% |
$0
and above |
$25 |
*The dividend rates and annual percentage yields (APY) disclosed in the table above are as of the last dividend declaration date. The dividend rates and APYs on all share accounts may change weekly as determined by the Credit Union Board of Directors. |
Certificate Rates
Effective: December 19, 2008
| 5 year certificate |
3.30% |
3.25% |
$1,000 |
| 4 year certificate |
3.04% |
3.00% |
$1,000 |
| 3 year certificate |
2.53% |
2.50% |
$1,000 |
| 2 year certificate |
2.17% |
2.15% |
$1,000 |
| 1 year certificate |
1.87% |
1.85% |
$1,000 |
| Flexible Saver - 1 year certificate |
1.87% |
1.85% |
$100 |
| 6 month certificate |
1.31% |
1.30% |
$1,000 |
18 month certificate*
(Available online for a
limited time only)
|
2.17% |
2.15% |
$1,000 |
| Jumbo - 1 year certificate |
2.43% |
2.40% |
$100,000 |
| Jumbo - 6 month certificate |
1.76% |
1.75% |
$100,000 |
| Jumbo - 90 day certificate |
1.76% |
1.75% |
$100,000 |
| Adjustable
Rate Certificates are also available for all terms listed above
with the exception of the Jumbo, Flexible Saver, and Special certificates.
The dividend rate is 0.25% less than the rate for similar
term fixed rate certificates. All certificates are available as IRAs. |
$1,000 |
The rates and APYs were offered within the most recent seven calendar
days and are accurate as of the effective date listed above.
The Flexible Saver is subject to a maximum deposit limit of $1,000. Early withdrawal penalties may/will be assessed.
*To open an 18 month certificate, log in to Online Banking, click on Account Services and Open Account. |
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