Current Rates

Savings Rates | Certificate Rates | Consumer Loan Rates | Mortgage Rates


Savings Rates
— Effective Date: April 1, 2014

Rate
APY*
Prime Shares
0.20%
0.20%
Checking ($2000+)
Dividends compounded & paid monthly
0.20%
0.20%
Kids Club
1.25%
1.26%
IRA Account (Roth and Traditional)
.90%
.90%
Holiday Club
0.20%
0.20%

Savings Club Account:

 
 
$1,000 to <$2,500
.30%
.30%
$2,500 to <$10,000
.30%
.30%
$10,000 to <$25,000
.35%
.35%
$25,000 to <50,000
.35%
.35%
$50,000 to <$100,000
.45%
.45%
$100,000+
.55%
.55%
*Annual Percentage Yield
Unless otherwise noted, dividends are compounded and paid quarterly.


Personal Pension
— Effective Date: July 1, 2014

 
 
Personal Pension
 
 
Rate
APY
Designed for members 60 and over. Turn your lump sum (including qualified retirement funds such as 401 (k) and IRA) into a monthly annuity of principal and interest deposited directly to your checking account over a period between 5 and 25 years. Variable rate is tied to the 3-year Treasury Rate plus a margin of .25%, adjusted quarterly. A standard penalty applies for early withdrawals in 3-year intervals. Ask for an Information Sheet and start enjoying your retirement.
 
 
1.13%
1.14%
 

Share Certificate Rates
— Effective Date: July 24, 2014
Regular and IRA Share Certificates
Rate
APY*
Rate
APY*
$1,000 minimum
 
 
 
 
6 months
.25%
.25%
 
9 months
.25%
.25%
 
12 months
.45%
.45%
.70%
.70%
24 months
.55%
.55%
.80%
.80%
36 months
.75%
.75%
1.00%
1.00%
60 months
1.50%
1.51%
1.75%
1.76%
Dividends are compunded and paid monthly. Penalties apply for early withdrawal.
 
*Our Bonus rate is offered to all members with an aggregate direct deposit of $800+ per month and 10 debit card POS transactions: or an aggregate direct deposit of $800+ per month and an ADB of $10,000+ (in non-certificate related funds) and checking. Availability will be determined monthly and the bonus applied in any month you qualify. This is our reward yo you for your loyality to us.


Savings Builder Certificate
— Effective Date: April 1, 2014

$25 Minimum
$1,000 Minimum
Savings Builder Certificates
Rate
APY
Rate
APY
6 months
.25%
.25%
.50%
.50%
Dividends are compounded and paid monthly. Penalties apply for early withdrawal.

Saving is easy with SCFCU’s Savings Builder Certificate. This 6-month certificate offers a special rate and helps you get in the habit of saving each month with required automatic recurring transfers of at least $20 per month (from either your savings or checking account or another affiliated member account). The original certificate can be opened in any amount less than $1,000.

After you’ve reached $1,000, you can transfer it to a Savings Club Account or Regular Share Certificate and start a new Savings Builder Certificate or leave it in the Savings Builder Certificate until you reach your next goal. We’ll give you an extra 25 basis points once you reach $1,000. Limited to $3,000 combined limit per member.


Loan Rates
— Effective Date: September 15, 2014

Loan Type
Annual Percentage Rate1
(as low as)
Repayment Schedule or Payment
Amount
Signature Line of Credit
8.00%
Revolving
$500 - $15,000
Signature Closed End Installment
8.00%
Up to 72 months
$500 - $15,000
Vehicle (Includes new & used auto & motorcycle)
2.50%
3.25%
4.00%
up to 60 months
61 - 72 months
73 - 84 months
 
 
Model Yr Term
<2 yrs old up to 84 mo
2 yrs old up to 72 mo
3-4 yrs old up to 60 mo
5 yrs old up to 48 mo
 
6+ years priced at signature loan rate.
Up to $75,000.

Terms in excess of 72 months require a minimum loan amount of $25,000
 
 
New 2014 models, up to 125% of M.S.R.P. based on credit worthiness.
 
Existing loans on new models will be refinanced using the M.S.R.P. for up to 90 days after purchase. Thereafter, they will be financed based on industry valuation sources.

Used vehicles and prior year models sold as new are based on industry valuation sources suggested retail price.

Regardless of a member's qualifying account relationship or discounts at no time will the rate go lower than our current floor of 2.50%

Boat (new and used)
& RV
 
 
 
 
 
 
4.24%
4.99%
7.00%
 
 
 
 
 
Up to 72 months
73 to 120 months
121 to 180 months
RV Loans limited to the last 10 model years.
 
 
 
 
 
 
 
$5,000 to $100,000.
$25,000 to $100,000
$50,000 to $100,000
Max LTV 90% up to $25,000
Max LTV 80% over $25,000
Minimum loan amount $5,000. Value based on book value, survey or dealer cost.
Share Secured
3.00% above SCFCU dividend rate; adjusted with dividend rate
Up to 10 years with a minimum monthly payment of $25.00.
Up to balance in Prime Shares at time of loan
Share Certificate
3.00% above SCFCU dividend rate
Up to 10 years with a minimum monthly payment of $25.00.
Up to value of certificate at time of loan
VISA Credit Card
Platinum as low as 8%
Prime + 4.75% adj quarterly.

Secured 17%
(requires pledge of prime shares equal to 120% of the credit limit)

Student Visa 8%

Student Visa Secured 8% (requires pledge of prime shares equal to 120% of the credit limit)
$25 or 2% of balance monthly 25-day grace period on purchases
$500 - $20,000
 

$500 - $2,500

$500 - $1,000
 
$250 - $2,500
Home Equity Variable Rate Line of Credit

Home Equity Fixed Rate
Prime Adjusted Qt
Floor rate of 3.5%

6.00%
7.00%

7.00%
 
8.00%
Revolving


 
 
7 years Up to 80% LTV
7 years Over 80% LTV
15 years Up to 80% LTV
15 years Over 80% LTV
Up to 90% of net* appraised value If SCFCU holds 1st. Additional limitations may apply.

Up to 80% of net* appraised value if 1st is held elsewhere. Limited to $100,000.

Limited to loans in the Delmarva Peninsula.
*Appraised value less 1st lien.
1 Stated APR is the lowest rate available for qualified members. Rates for Vehicle, Boat/RV and Signature loans include .25% relationship pricing discount for qualified members. Actual rate may be higher based on credit worthiness.

PAYMENT EXAMPLE — $20,000 financed for a term of 60 months at an annual percentage rate of 4.45% is equal to 60 monthly payments of approximately $372.42 each.

 

Adjustable Rate Mortgages1(ARM) — Effective Date: September 15, 2014

Loan Type
Loan to Value
Index2
Margin
Base APR3
1 Year ARM
Up to 80%
Up to 100%
.67%
2.25%
2.75%
2.92%
3.42%
3/1 Year ARM
Up to 80%
Up to 100%
.67%
2.50%
3.00%
3.17%
3.67%
5/1 Year ARM
Up to 80%
Up to 100%
.67%
2.75%
3.25%
3.42%
3.92%

1 Adjustable Rate Mortgages are variable; annual percentage rate may increase after the original fixed period. Payments on all ARMs are based on a 30-year amortization schedule.

2 The index represents the credit union’s cost of funds.

3 APR = annual percentage rate; includes interest and no other costs. Actual APR will be disclosed in loan documents. Stated ARR is the lowest rate available for qualified members. Actual rate may be higher based on income and credit worthiness.

The 1 Year ARM: The initial rate can change every year by no more than 2 percentage points up or down, never to exceed 18% APR. When the rate adjusts, the new APR will be the current index plus a margin.

Lot loans available - 2.5% added to lowest Base APR for 1/3/5 year ARM - 70% LTV