Rates


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Deposit Account Rates

APY = Annual Percentage Yield. Dividend rate and APYs subject to change after the account is opened.


Savings

Effective July 1, 2020

Account Dividend Rate APY
Banking for Everyone1 0.10% 0.10%
Banking for Youth1 0.10% 0.10%
Summer Reserve 0.10% 0.10%
Holiday Savings Club 0.10% 0.10%

Minimum $5 required to open and maintain account. Dividends paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Fees and other conditions could reduce earnings on any of the above accounts. The Dividend Rates and APYs on saving accounts are subject to change on a quarterly basis. Dividend Rates and APYs on Super$hare, Premier Money Market and Interest Checking Accounts are subject to change monthly as determined by the Board of Directors. For current Dividend Rates and APYs, please call the Credit Union at 916-569-5400 or 800-962-0990. The Dividend Rates and APYs quoted above are accurate as of July 1, 2020.
 


Checking

Effective July 1, 2020

Account Minimum Balances3 Dividend Rate APY
Interest Checking and Business Checking2 $0.01 - $24,999.99 0.05% 0.05%
  $25,000 - $99,999.99 0.08% 0.08%
  $100,000 + 0.10% 0.10%
Premier Money Market Checking4 $0.01 - $1,999.99 0.05% 0.05%
  $2,000 - $9,999.99 0.15% 0.15%
  $10,000 - $24,999.99 0.20% 0.20%
  $25,000 - $49,999.99 0.25% 0.25%
  $50,000 - $99,999.99 0.35% 0.35%
  $100,000 + 0.45% 0.45%

 


Money Market

Effective July 1, 2020

Account Minimum Balances3 Dividend Rate APY
Premier Money Market $0.01 - $1,999.99 0.05% 0.05%
  $2,000 - $9,999.99 0.15% 0.15%
  $10,000 - $24,999.99 0.20% 0.20%
  $25,000 - $49,999.99 0.25% 0.25%
  $50,000 - $99,999.99 0.35% 0.35%
  $100,000 + 0.45% 0.45%

 


Super$hare

Effective July 1, 2020

Minimum Balances3 Dividend Rate APY
$0.01 - $1,999.99 0.05% 0.05%
$2,000 - $9,999.99 0.15% 0.15%
$10,000 - $24,999.99 0.20% 0.20%
$25,000 - $49,999.99 0.25% 0.25%
$50,000 - $99,999.99 0.35% 0.35%
$100,000 + 0.45% 0.45%

 


Premium Rate Certificate

Effective September 30, 2020

Minimum Balances3 $500 $20,000 $50,000 $100,000 
Term Dividend Rate APY Dividend Rate APY Dividend Rate APY Dividend Rate APY
3 Month 0.30% 0.30% 0.35% 0.35% 0.40% 0.40% 0.45% 0.45%
6 Month 0.45% 0.45% 0.50% 0.50% 0.55% 0.55% 0.60% 0.60%
12 Month 0.60% 0.60% 0.65% 0.65% 0.70% 0.70% 0.75% 0.75%
18 Month 0.70% 0.70% 0.75% 0.75% 0.80% 0.80% 0.85% 0.85%
24 Month 0.75% 0.75% 0.80% 0.80% 0.85% 0.85% 0.90% 0.90%
30 Month 0.75% 0.75% 0.80% 0.80% 0.85% 0.85% 0.90% 0.90%
36 Month 0.85% 0.85% 0.90% 0.90% 0.95% 0.95% 1.01% 1.01%
48 Month 0.95% 0.95% 1.01% 1.01% 1.05% 1.05% 1.10% 1.10%
60 Month 1.05% 1.05% 1.10% 1.10% 1.15% 1.15% 1.19% 1.20%
12 Month Add On5 0.30% 0.30% 0.35% 0.35% 0.40% 0.40% 0.45% 0.45%
30 Month Opt-Up6 0.45% 0.45% 0.50% 0.50% 0.55% 0.55% 0.60% 0.60%
  $200 Minimum Balance3
Term Dividend Rate APY
12 Month College Saver 0.70% 0.70%

Premium Rate Certificates automatically renew at the prevailing APY with a 10-day grace period. A penalty may be imposed for early withdrawal. The applicable Dividend Rates and APYs set forth above would be paid for the length of the term listed.


 

 


IRA & Deferred Compensation Shares

Effective July 1, 2020

Account Minimum Balances3 Dividend Rate APY
IRA & Deferred Compensation  All Balances 0.25% 0.25%

 


IRA & Deferred Compensation Certificates

Effective September 30, 2020

Minimum Balances3 $500 $20,000 $50,000 $100,000
Term Dividend Rate APY Dividend Rate APY Dividend Rate APY Dividend Rate APY
3 Month 0.35% 0.35% 0.40% 0.40% 0.45% 0.45% 0.50% 0.50%
6 Month 0.50% 0.50% 0.55% 0.55% 0.60% 0.60% 0.65% 0.65%
12 Month 0.65% 0.65% 0.70% 0.70% 0.75% 0.75% 0.80% 0.80%
18 Month 0.75% 0.75% 0.80% 0.80% 0.85% 0.85% 0.90% 0.90%
24 Month 0.80% 0.80% 0.85% 0.85% 0.90% 0.90% 0.95% 0.95%
30 Month 0.80% 0.80% 0.85% 0.85% 0.90% 0.90% 0.95% 0.95%
36 Month 0.90% 0.90% 0.95% 0.95% 1.01% 1.01% 1.05% 1.05%
48 Month 1.01% 1.01% 1.05% 1.05% 1.10% 1.10% 1.15% 1.15%
60 Months 1.10% 1.10% 1.15% 1.15% 1.19% 1.20% 1.24% 1.25%
12 Month Add On4 0.35% 0.35% 0.40% 0.40% 0.45% 0.45% 0.50% 0.50%
30 Month Opt-Up5 0.50% 0.50% 0.55% 0.55% 0.60% 0.60% 0.65% 0.65%

IRA & Deferred Compensation Certificates automatically renew at the prevailing APY with a 10-day grace period. A penalty may be imposed for early withdrawal. The applicable Dividend Rates and APYs above are paid for the length of the term listed.

1 Banking for Everyone/Youth accounts opened on or before 12/31/2019, a dividend rate of 7% will be paid only on the portion of your daily balance that is less than $500.01 that meets the Banking for Everyone/Youth qualifications. The APY will range between 7% and 7.19% depending upon account balance. Dividends compound at 7% APY up to an account balance of $500. Notwithstanding anything to the contrary in your Schools Financial Truth in Savings Disclosure (“Disclosure”), you understand and agree that the 7% APY does not compound on the portion of your daily account balance greater than $500. An APY of .10% will be paid on non-qualifying accounts and the portion of your account balance greater than $500. Business and organization accounts are not eligible. One Banking for Everyone account per Social Security Number. Contact the Credit Union or visit schools.org for additional account qualifying information.
2 This rate applies to Business Checking accounts initially opened as an Interest Checking account prior to May 29, 2018.
3 Minimum balances required to earn the stated Annual Percentage Yield (APY).
4 The Credit Union no longer offers the Premier Money Market Checking. Accounts established prior to June 1, 2020, are grandfathered at the existing terms and conditions outlined in the "About Your Credit Union Account Agreement and Disclosure."
5 Premium Rate Add-On Certificates, and IRA and Deferred Compensation Add-On Certificates allow additional deposits in increments of $500 or more up to an amount equal to the initial opening (or renewal) balance.
6 Premium Rate, and IRA and Deferred Compensation Certificates allow a one-time interest rate increase during the certificate term. The member may either opt-up to the current dividend rate while also extending their term an additional 30 months OR opt-up to the current dividend rate of a certificate less than or equal to the remaining months on the certificate.

Dividend rates are prospective and subject to change. Dividends paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Fees and other conditions could reduce earnings on any of the above accounts. The Dividend Rates and APYs on Saving Accounts are subject to change on a quarterly basis. Dividend Rates and APYs on Super$hare, Premier Money Market and Interest Checking Accounts are subject to change monthly as determined by the Board of Directors. For current Dividend Rates and APYs, please call the Credit Union at 916-569-5400 (Sacramento area) or 800-962-0990.



 

Consumer Loan Rates

APR = Annual Percentage Rate.


Auto Loan, New

Effective October 1, 2020

Term APR as low as
0-48 months 2.44%
49-60 months 2.44%
61-66 months 2.74%
67-72 months 2.74%
73-84 months 3.54%
   

A new vehicle is defined as a current or previous model year with less than 10,000 miles. Financing for new vehicles is available for up to 125% of MSRP plus GAP waiver ($1,000 max) and ancillary products.1 GAP is not required. Your interest rate will be determined by the amount financed, loan term and your creditworthiness.
Representative Example: A $28,000, 48-month loan at 2.44% APR and 100% financing, would require 47 payments of $612.85 with one final payment of $612.45.
1 Ancillary products would include warranty and/or prepaid maintenance, up to $3,500 or 15% MSRP whichever is greater, $8,000 max.


Auto Loan, Used

Effective October 1, 2020

Term APR as low as
0-48 months 2.44%
49-60 months 2.44%
61-66 months 2.74%
67-72 months 2.74%

Financing for used vehicles is available for up to 120% of Retail Blue Book value plus GAP waiver ($1,000 max) and ancillary products.2 Refinances up to 120% of Retail Blue Book value plus GAP waiver. GAP is not required. Your interest rate will be determined by the amount financed, loan term and your creditworthiness.
Representative Example: A $15,000, 48-month loan at 2.44% APR and 100% financing, would require 47 payments of $328.31 with one final payment of $328.22.
1 Ancillary products would include warranty and/or prepaid maintenance, up to $3,500 or 15% Retail Blue Book whichever is greater, $8,000 max.

2 Rates for cars, trucks, vans and sports utility vehicles with model years 2006 through 2010 will be priced at rates as low as 5.09%. The maximum term for a vehicle older than 10 years is 66 months.


Personal Loan

Effective September 2, 2020

Amount Term APR
Up to $50,000 60 months 6.70% - 13.00%

Unsecured personal loan limits are subject to Credit Union policies.
Representative Example: A $10,000, 60-month loan at 6.70% APR and 100% financing, would require 59 payments of $196.60 with one final payment of $196.16.