Rates And Disclosures
Loan Rates
Auto-&-Motorcycle-Loans-2016-to-2017
| Term (up to) | APR (as low as)1 | Monthly Payment2 | |
| 24 Months | 3.79% | $43.40 |
|
| 36 Months | 3.79% | $29.49 |
|
| 48 Months | 3.79% | $22.52 |
|
| 60 Months | 3.99% | $18.45 |
|
| 72 Months | 4.39% | $15.86 |
|
| 84 Months* | 5.35% | $14.34 |
|
Your rate may vary based on your creditworthiness and repayment option.
*84-month term is for new purchases only. Minimum loan amounts may apply.
1 APR is Annual Percentage Rate. Rates reflect a discount for electronic payments and an established Summit Credit Union checking account. The rate without electronic payment and established Summit checking will be higher. The APR may increase after loan closing if an electronic payment is discontinued.
2 Monthly payment is based on payment per $1,000 for term and rate shown above.
auto-and-motorcycle-loans-2014-to-2015
| Term (up to) | APR (as low as)1 | Monthly Payment2 | |
| 24 Months | 4.04% | $43.52 |
|
| 36 Months | 4.04% | $29.60 |
|
| 48 Months | 4.24% | $22.73 |
|
| 60 Months | 4.54% | $18.70 |
|
| 72 Months | 5.60% | $16.43 |
|
Your rate may vary based on your creditworthiness and repayment option.
Minimum loan amounts apply.
1 APR is Annual Percentage Rate. Rates reflect a discount for electronic payments and an established Summit Credit Union checking account. The rate without electronic payment and established Summit checking will be higher. The APR may increase after loan closing if an electronic payment is discontinued.
2 Monthly payment is based on payment per $1,000 for term and rate shown above.
auto-and-motorcycle-loans-2008-and-older
| Term (up to) | APR (as low as)1 | Monthly Payment2 | |
| 24 Months | 9.75% | $46.21 |
|
| 36 months | 9.75% | $32.28 |
|
| 48 Months | 10.00% | $25.47 |
|
| 60 Months | 10.25% | $21.47 |
|
Your rate may vary based on your creditworthiness and repayment option.
Minimum loan amounts may apply.
1 APR is Annual Percentage Rate. Rates reflect a discount for electronic payments and an established Summit Credit Union checking account. The rate without electronic payment and established Summit checking will be higher. The APR may increase after loan closing if an electronic payment is discontinued.
2 Monthly payment is based on payment per $1,000 for term and rate shown above.
other-secured-loans
Other Secured Loans — Includes Boats and RVs
Rates Effective February 17, 2019
| Term (up to) | APR (as low as)1 | Monthly Payment2 | |
| 24 Months | 4.35% | $43.66 |
|
| 36 Months | 4.45% | $29.78 |
|
| 48 Months | 4.55% | $22.87 |
|
| 60 Months | 4.65% | $18.72 |
|
| 72 Months | 5.90% | $16.57 |
|
| 120 Months (Boats & RVs only; $25,000 min.) | 7.00% | $11.65 |
|
| 180 Months (Boats & RVs only; $40,000 min.) | 7.50% | $9.31 |
|
Includes boats, RV’s , snowmobiles, personal watercraft and ATV’s.
Your rate may vary based on your creditworthiness and repayment option.
Minimum loan amounts may apply.
1 APR is Annual Percentage Rate. Rates reflect a discount for electronic payments and an established Summit Credit Union checking account. The rate without electronic payment and established Summit checking will be higher. The APR may increase after loan closing if an electronic payment is discontinued.
2 Monthly payment is based on payment per $1,000 for term and rate shown above.
express-home-refinance
| TYPE AND TERM | APR (as low as)1 | Monthly Payment | |
| 8 Year Fixed2 | 4.250% | $12.10 |
|
| 12 Year Fixed2 | 4.375% | $8.71 |
|
Your rate may vary based upon your creditworthiness and repayment option
No or low closing costs for new Express Refinance loans only. For existing Express Refinance loans of less than 24 months, closing costs ranging from $165 -$313 will apply.
Appraisal fee and title insurance, if required is not included and will be an additional charge. The charge for an appraisal is typically $385-$470. The charge for title insurance is typically $325.
First lien mortgage position and owner occupied properties only. Maximum loan to value is 80%. Maximum loan amount is $424,000. Property insurance is required. Other programs/options are available.
1 APR is Annual Percentage Rate
2 Monthly payment is based on payment per $1,000 for term and rate shown above. The payments listed do not include amounts for taxes and insurance and if included the actual payment obligation will be greater because of these additional payments.
home-equity-line-of-credit-up-to-80%-ltv
Home Equity Line of Credit — Up to 80% LTV (Variable/Fixed)
Rates Effective February 17, 2019
| Term (up to) | APR (as low as)1 | VPR (as low as)3 | Monthly Payment | |
| Variable, Revolving | 5.00% | Prime - 0.50% | Minimum $50 or 1.25% of the principal balance as of the time of the draw, whichever is greater |
|
| Fixed, up to 36 Months2 | 3.89% | $29.52 |
|
|
| Fixed, 37 to 48 Months2 | 3.89% | $22.57 |
|
|
| Fixed, 49 to 60 Months2 | 4.39% | $18.63 |
|
|
| Fixed, 61 to 84 Months2 | 4.89% | $14.11 |
|
|
| Fixed, 85 to 120 Months2 | 5.24% | $10.75 |
|
|
| Fixed, 121 to 180 Months2 | 6.24% | $8.60 |
|
Your rate may vary based upon your creditworthiness and loan-to-value.
Closing costs range from $215-$305 unless an appraisal is required. The charge for an appraisal is
typically $385-$470.
Property insurance is required.
The maximum APR is 15%. The minimum APR is 3.99% (Floor).
1 APR is Annual Percentage Rate. Fixed rates reflect a discount for electronic payments and an established Summit Credit Union checking account. The rate without electronic payment and an established Summit checking account will be higher.
2 Monthly payment for fixed rate is based upon payment per $1,000 for term and rate shown above.
Lock-in feature allows up to five fixed rate amounts at any one time. First rate lock is free then $35 for each additional.
Minimum fixed rate loan amount of $5,000 applies.
3 VPR is Variable Periodic Rate. The Variable Periodic Rate is Prime Rate as published in the Wall Street Journal plus or minus a margin. The VPR is subject to change monthly. The Prime Rate as of 12/20/2018 is 5.50%.
Monthly minimum periodic payments made during the end of draw repayment period may not fully amortize the remaining balance of the line of credit at the maturity of the 30-year mortgage. A balloon payment may result.
home-equity-line-of-credit-up-to-90%-ltv
Home Equity Line of Credit — Up to 90% LTV (Variable/Fixed)
Rates Effective February 17, 2019
| Term (up to) | APR (as low as)1 | VPR (as low as)3 | Monthly Payment | |
| Variable Revolving | 6.00% | Prime + 0.50% | Minimum $50 or 1.25% of the principal balance as of the time of the draw, whichever is greater |
|
| Fixed, up to 36 Months2 | 4.89% | $29.98 |
|
|
| Fixed, 37 to 48 Months2 | 4.89% | $23.03 |
|
|
| Fixed, 49 to 60 Months2 | 5.14% | $18.98 |
|
|
| Fixed, 61 to 84 Months2 | 5.89% | $14.59 |
|
|
| Fixed, 85 to 120 Months2 | 6.24% | $11.26 |
|
|
| Fixed, 121 to 180 Months2 | 6.74% | $8.87 |
|
Your rate may vary based upon your creditworthiness and loan-to-value.
Closing costs range from $215-$305 unless an appraisal is required. The charge for an appraisal is
typically $385-$470.
Property insurance is required.
The maximum APR is 15%. The minimum APR is 3.99% (Floor).
1 APR is Annual Percentage Rate. Fixed rates reflect a discount for electronic payments and an established Summit Credit Union checking account. The rate without electronic payment and an established Summit checking account will be higher.
2 Monthly payment for fixed rate is based upon payment per $1,000 for term and rate shown above.
Lock-in feature allows up to five fixed rate amounts at any one time. First rate lock is free then $35 for each additional.
Minimum fixed rate loan amount of $5,000 applies.
3 VPR is Variable Periodic Rate. The Variable Periodic Rate is Prime Rate as published in the Wall Street Journal plus or minus a margin. The VPR is subject to change monthly. The Prime Rate as of 12/20/2018 is 5.50%.
Monthly minimum periodic payments made during the end of draw repayment period may not fully amortize the remaining balance of the line of credit at the maturity of the 30-year mortgage. A balloon payment may result.
home-equity-line-of-credit-up-to-100%-ltv
Home Equity Line of Credit — Up to 100% LTV (Variable/Fixed)
Rates Effective February 17, 2019
| Term (up to) | APR (as low as)1 | VPR (as low as)3 | Monthly Payment | |
| Variable, Revolving3 | 8.50% | Prime + 3% | Minimum $50 or 1.25% of the principal balance as of the time of the draw, whichever is greater |
|
| Fixed up to 36 Months2 | 8.39% | $31.62 |
|
|
| Fixed, 37 to 48 Months2 | 8.89% | $24.92 |
|
|
| Fixed, 49 to 60 Months2 | 8.89% | $20.78 |
|
|
| Fixed, 61 to 84 Months2 | 9.39% | $16.35 |
|
|
| Fixed, 85 to 120 Months2 | 9.74% | $13.13 |
|
|
| Fixed, 121 to 180 Months2 | 10.24% | $10.95 |
|
Your rate may vary based upon your creditworthiness and loan-to-value.
Closing costs range from $215-$305 unless an appraisal is required. The charge for an appraisal is typically $385-$470.
Property insurance is required.
The maximum APR is 15%. The minimum APR is 3.99% (Floor).
1 APR is Annual Percentage Rate. Fixed rates reflect a discount for electronic payments and an established Summit Credit Union checking account. The rate without electronic payment and an established Summit checking account will be higher.
2 Monthly payment for fixed rate is based upon payment per $1,000 for term and rate shown above.
Lock-in feature allows up to five fixed rate amounts at any one time. First rate lock is free then $35 for each additional.
Minimum fixed rate loan amount of $5,000 applies.
3 VPR is Variable Periodic Rate. The Variable Periodic Rate is Prime Rate as published in the Wall Street Journal plus or minus a margin. The VPR is subject to change monthly. The Prime Rate as of 12/20/2018 is 5.50%.
Monthly minimum periodic payments made during the end of draw repayment period may not fully amortize the remaining balance of the line of credit at the maturity of the 30-year mortgage. A balloon payment may result.
home-equity-loans-up-to-80%-ltv
| Term (up to) | APR (as low as)1 | Monthly Payment2 | |
| 36 Months | 3.89% | $29.53 |
|
| 48 Months | 3.89% | $22.57 |
|
| 60 Months | 4.39% | $18.63 |
|
| 84 Months | 4.89% | $14.12 |
|
| 120 Months | 5.24% | $10.75 |
|
| 180 Months | 6.24% | $8.60 |
|
Your rate may vary based upon your creditworthiness and loan-to-value.
Closing costs range from $215-$305 unless an appraisal is required. The charge for an appraisal is typically $385-$470. Minimum loan amount of $5,000 applies.
Property insurance is required.
1 APR is Annual Percentage Rate. Rates reflect a discount for electronic payments and an established Summit Credit Union checking account. The rate without an electronic payment and an established Summit checking account will be higher.
2 Monthly payment amount is based on payment per $1,000 for term and rate shown above.
home-equity-loans-up-to-90%-ltv
| Term (up to) | APR (as low as)1 | Monthly Payment2 | |
| 36 Months | 4.89% | $29.99 |
|
| 48 Months | 4.89% | $23.04 |
|
| 60 Months | 5.14% | $18.98 |
|
| 84 Months | 5.89% | $14.60 |
|
| 120 Months | 6.24% | $11.26 |
|
| 180 Months | 6.74% | $8.87 |
|
Your rate may vary based upon your creditworthiness and loan-to-value.
Closing costs range from $215-$305 unless an appraisal is required. The charge for an appraisal is typically $385-$470. Minimum loan amount of $5,000 applies.
Property insurance is required.
1 APR is Annual Percentage Rate. Rates reflect a discount for electronic payments and an established Summit Credit Union checking account. The rate without an electronic payment and an established Summit checking account will be higher.
2 Monthly payment amount is based on payment per $1,000 for term and rate shown above.
home-equity-loans-up-to-100%-ltv
| Term (up to) | APR (as low as)1 | Monthly Payment2 | |
| 60 Months | 8.89% | $20.79 |
|
| 84 Months | 9.39% | $16.36 |
|
| 120 Months | 9.74% | $13.13 |
|
| 180 Months | 10.24% | $10.95 |
|
| 36 Months | 8.39% | $31.63 |
|
| 48 Months | 8.89% | $24.93 |
|
Your rate may vary based upon your creditworthiness and loan-to-value.
Closing costs range from $215-$305 unless an appraisal is required. The charge for an appraisal is typically $385-$470. Minimum loan amount of $5,000 applies.
Property insurance is required.
1 APR is Annual Percentage Rate. Rates reflect a discount for electronic payments and an established Summit Credit Union checking account. The rate without an electronic payment and an established Summit checking account will be higher.
2 Monthly payment amount is based on payment per $1,000 for term and rate shown above.
personal-loan-rates
| TERM(up to) | APR(as low as)1 | Monthly Payment2 | |
| 24 Months | 10.25% | $46.45 |
|
| 36 Months | 10.25% | $32.52 |
|
| 48 Months | 10.50% | $25.72 |
|
| 60 Months | 10.75% | $21.72 |
|
Your rate may vary based upon your creditworthiness and repayment option.
Minimum loan amounts may apply.
1 APR is Annual Percentage Rate. Rates reflect a discount for electronic payments and an established Summit Credit Union checking account. The rate without electronic payment and an established Summit checking account will be higher. The APR may increase after loan closing if an electronic payment is discontinued.
2 Monthly payment is based on payment per $1,000 for term and rate shown above.
personal-line-of-credit
| Type and Term | APR1 | VPR2 | Monthly Payment |
| Personal Line of Credit, revolving | 10.00% | Prime + 4% | Minimum $15 or 2.5% of the outstanding principal balance |
| Overdraft Protection Line of Credit | 18.00% | n/a | Minimum $15 or 2.5% of the outstanding principal balance |
Minimum loan amount for an Overdraft Protection Line of Credit is $100. Minimum loan amount for a Personal Line of Credit is $1,000. Minimum credit score to qualify for a Personal Line of Credit is 650.
1 APR is Annual Percentage Rate.
2 VPR is Variable Periodic Rate. The Variable Periodic Rate is Prime Rate as published in the Wall Street Journal plus a margin. The VPR is subject to change quarterly. Prime Rate as of 12/20/2018 is 5.50%
The maximum APR for a Personal Line of Credit is 18.00%. The minimum APR for a Personal Line of Credit is 10.00% (Floor)
certificate-secured-loans
| Terms | APR1 |
| Installment loan or single-payment note that is due at the certificate's maturity date. | Annual Percentage Yield + 3.00% |
Maximum loan amount is 95% of the certificate balance. Minimum loan amount is $100. Rate Riser, IRA and Custodial Certificates are not eligible for a certificate secured loan.
1APR is Annual Percentage Rate.
Special Energy Efficient Loans
| Term (up to) | APR1 | Monthly Payment2 | |
| 60 Months | 6.75% | $19.63 |
|
| 180 Months | 7.50% | $9.16 |
|
Special energy efficient loan rates are for the Me2 and Milwaukee Shines loan programs only. Rates are subject to change without notice.
Minimum loan amount is $1,000. Milwaukee Shines maximum loan amount is $20,000. Me2 maximum loan amount is $15,000.
1 APR is Annual Percentage Rate
2 Monthly payment is based on payment per $1,000 for term and rate shown above.
Savings, Investment & Checking Rates
certificates
| TYPE AND TERM | MINIMUM BALANCE TO EARN APY3 | DIVIDEND RATE | ANNUAL PERCENTAGE YIELD | |
| 3 Months | $500 | 0.40% | 0.40% |
|
| 6 Months | $500 | 1.49% | 1.50% |
|
| 9 Months | $500 | 0.55% | 0.55% |
|
| 12 Months | $500 | 0.75% | 0.75% |
|
| 13-Month Special | $500 | 1.98% | 2.00% |
|
| 13-Month IRA Special | $500 | 1.98% | 2.00% |
|
| 18 Months | $500 | 0.85% | 0.85% |
|
| 24 Months | $500 | 1.05% | 1.05% |
|
| 27-Month Special | $500 | 2.97% | 3.00% |
|
| 27-Month IRA Special1 | $500 | 2.97% | 3.00% |
|
| 36 Months | $500 | 1.25% | 1.25% |
|
| 42-Month Special | $500 | 3.11% | 3.15% |
|
| 42-Month IRA Special | $500 | 3.11% | 3.15% |
|
| 48 Months | $500 | 1.44% | 1.45% |
|
| 60 Months | $500 | 2.13% | 2.15% |
|
| 6-Month Certificate Plus | $250 | 0.15% | 0.15% |
|
| 12-Month Certificate Plus | $250 | 0.50% | 0.50% |
|
| 18-Month Certificate Plus | $250 | 0.60% | 0.60% |
|
| 24-Month Certificate Plus | $250 | 0.80% | 0.80% |
|
| 24-Month Rate Riser2 | $1000 | 0.80% | 0.80% |
|
1,2Certificates may have penalty for early withdrawal. Fees may reduce earnings on the account.
3APY is Annual Percentage Yield.
money-market-plus-account
| Minimum Balance to Earn APY2 | Dividend Rate | APY1 | |
| $100,000 | 0.25% | 0.25% |
|
| $50,000 | 0.25% | 0.25% |
|
| $25,000 | 0.25% | 0.25% |
|
| $10,000 | 0.20% | 0.20% |
|
| $2,500 | 0.15% | 0.15% |
|
| $0 | 0.10% | 0.10% |
|
1APY is Annual Percentage Yield. Rate Information: The dividend rate and annual percentage yield may change at any time as determined by credit union management.
2Minimum Balance Requirements: The minimum balance to open this account is $2,500. Please contact SCU for other terms and conditions of these accounts. Fees may reduce earnings on the account.
Ultimate-money-market-account
Ultimate Money Market Account Rates
Rates Effective February 17, 2019
| Minimum Balance to Earn APY2 | Dividend Rate | APY1 | |
| $200,000 | 1.25% | 1.25% |
|
| $150,000 | 1.05% | 1.05% |
|
| $100,000 | 1.00% | 1.00% |
|
| $75,000 | 0.65% | 0.65% |
|
| $50,000 | 0.60% | 0.60% |
|
| $0 | 0.00% | 0.00% |
|
1APY is Annual Percentage Yield. Minimum balance to open account is $50,000. Fees may reduce earnings on the account. Dividend Rates may change at any time.
ira-savings-rates
| Type and Term2 | Minimum Balance to Earn APY1 | Dividend Rate | Annual Percentage Yield | |
| IRA Savings | $25 | 0.20% | 0.20% |
|
1APY is Annual Percentage Yield. Rate Information: The dividend rate and annual percentage yield may change at any time as determined by credit union management.
2Minimum Balance Requirements: The minimum balance to open this account is $25.00. You must maintain a minimum daily balance of $25 in your account to obtain the disclosed annual percentage yield. Please contact SCU for other terms and conditions of these accounts. Fees may reduce earnings on the account.
checking
| Type and Term2 | Minimum Balance to Earn APY1 | Dividend Rate | Annual Percentage Yield | |
| Ultimate Checking | $2,500 | 0.25% | 0.25% |
|
| Dividend Checking | $25 | 0.05% | 0.05% |
|
1APY is Annual Percentage Yield. Rate Information: The dividend rate and annual percentage yield may change at any time as determined by credit union management.
2Please contact SCU for other terms and conditions of these accounts. Fees may reduce earnings on the account.
business-dividend-checking-account
| Minimum Balance to Earn APY1 | Dividend Rate | APY1 | |
| $2,500 | 0.05% | 0.05% |
|
1APY is Annual Percentage Yield. Please contact SCU for other terms and conditions of these accounts. Fees may reduce earnings on the account.
| TYPE AND TERM3 | MINIMUM BALANCE TO EARN APY1 | DIVIDEND RATE | ANNUAL PERCENTAGE YIELD | |
| Holiday Savings | $25 | 0.10% | 0.10% |
|
| Savings2 | $25 | 0.10% | 0.10% |
|
| 2nd Savings | $25 | 0.10% | 0.10% |
|
1APY is Annual Percentage Yield. Rate Information: The dividend rate and annual percentage yield may change at any time as determined by credit union management.
2Minimum Balance Requirements: The minimum balance to open this account is $5.00. You must maintain a minimum daily balance of $25 in your account to obtain the disclosed annual percentage yield.
3Please contact SCU for other terms and conditions of these accounts. Fees may reduce earnings on the account.
gosave
| Minimum Balance to Earn APY2 | Dividend Rate | APY1 | |
| $10,000 | 0.10% | 0.10% |
|
| $1,000 | 0.15% | 0.15% |
|
| $25 | 0.15% | 0.15% |
|
Allows one free withdrawal per month. Monthly automatic deposit required.
1APY is Annual Percentage Yield. Rate Information: The dividend rate and annual percentage yield may change at any time as determined by credit union management.
2Minimum Balance Requirements for GoSave Account: The minimum balance to open this account is $100. Please contact SCU for other terms and conditions of these accounts. Fees may reduce earnings on the account.
health-savings
| Minimum Balance to Earn APY | Dividend Rate | APY1 | |
| $0 | 0.55% | 0.55% |
|
| $2,500 | 0.75% | 0.75% |
|
| $5,000 | 0.95% | 0.95% |
|
| $10,000 | 1.15% | 1.15% |
|
1APY is Annual Percentage Yield. Rate Information: The dividend rate and annual percentage yield may change at any time as determined by credit union management.