We offer competitive rates to meet your needs! Qualifying for a loan is simple. Start by estimating the amount you need to borrow and the payment you can afford. Then, apply online or in one of our branches! We’ll let you know if you qualify quickly, so you can get on with more important things. Consumer loan interest rates are the best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans are subject to approval. Other terms and conditions may apply. Effective Date: 11/1/23 Maximum loan amount $250,000. Consumer loan interest rates are best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval. Other terms and conditions may apply. Maximum loan amount $250,000. Consumer loan interest rates are best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and Maximum loan amount $250,000. Consumer loan interest rates are best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval. Other terms and conditions may apply. Maximum loan $50,000. Consumer loan interest rates are best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval. Other terms and conditions may apply. Maximum loan $50,000. Consumer loan interest rates are best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval. Other terms and conditions may apply. Borrow between $200 and $20,000. Consumer loan interest rates are best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval. Other terms and conditions may apply. Only Regular Share accounts (S1) are eligible as collateral. Rate is based on the term of the loan. All loans subject to approval. Other terms and conditions may apply. Term may not exceed the certificate maturity date. All loans subject to approval. Other terms and conditions may apply. Consumer loan interest rates are the best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans are subject to approval. Other terms and conditions may apply. Effective Date: 11/1/23 Maximum loan amount $250,000. Consumer loan interest rates are best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval. Other terms and conditions may apply. Maximum loan amount $250,000. Consumer loan interest rates are best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and Maximum loan amount $250,000. Consumer loan interest rates are best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval. Other terms and conditions may apply. Maximum loan $50,000. Consumer loan interest rates are best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval. Other terms and conditions may apply. Maximum loan $50,000. Consumer loan interest rates are best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval. Other terms and conditions may apply. Borrow between $200 and $20,000. Consumer loan interest rates are best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval. Other terms and conditions may apply. Only Regular Share accounts (S1) are eligible as collateral. Rate is based on the term of the loan. All loans subject to approval. Other terms and conditions may apply. Term may not exceed the certificate maturity date. All loans subject to approval. Other terms and conditions may apply. Effective date: 8/19/23 12.00% This APR will vary with the market based on the Prime Rate plus 3.50% 12.00% This APR will vary with the market based on the Prime Rate plus 3.50% 12.00% This APR will vary with the market based on the Prime Rate plus 3.50% Penalty APR and When it Applies: None How to Avoid Paying Interest on Purchases: Your due date is at least 21 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month. For Credit Card Tips from the Consumer Financial Protection Bureau: To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at https://www.consumerfinance.gov/learnmore Returned Payment: $22.00 $15.00 This fee will be assessed each year on February 18 Late Payment: $30.00 Returned Payment: $22.00 Returned Payment: $22.00 Returned Payment: $22.00 How We Will Calculate Your Balance: We use a method called “average daily balance” (including new purchases). See your account agreement for more details. Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement. To find out if information has changed, call (907) 339-9485 or (800) 478-2222, email membermail@cu1.org or write Credit Union 1, 1941 Abbott Road, Anchorage, AK 99507 Fee schedule for business and personal accounts The following is a disclosure of terms applicable to our current Real Estate loans. It outlines the general terms of Real Estate loan requirements. Please contact our Real Estate department for specific information. Property must be located in Alaska to qualify for a Credit Union 1 Real Estate loan. Effective Date: 11/1/23 6.246% Disclosure of Terms: “Our Rates & Service Charges” sets forth current conditions and rates applicable to the savings and spending accounts we offer. We may offer other rates or amend the rates contained in this schedule from time to time. Each account holder agrees to the terms set forth on this Rate Disclosure and acknowledges that it is a part of the Member Service Agreement (MSA) and Business Service Agreement (BSA). Effective Date: 06/30/23 This Rate Disclosure sets forth current conditions and rates applicable to your certificate accounts at Credit Union 1. The Credit Union may offer other rates or amend the rates contained in this schedule from time to time. Each account holder agrees to the terms set forth on this Rate Disclosure and acknowledges that it is a part of the Member and Business Service Agreements. Effective Date: 6/30/23 As explained in the Member Service Agreement and Business Service Agreement, the 'Our Rates & Service Charges' applies to all the accounts we offer. Except as specifically described, the following terms apply to all the accounts you have with us.Consumer Loan Rates
Name Interest Rates as low as Terms and Conditions Cars and Trucks 6.99% Apply Boats and Vessels 7.75% Apply Motorhome (RVs), Travel Trailers, Truck/Camper Combo/5th Wheeler/Toy Hauler 7.50% Apply Motorcycle 7.25% Apply ATV, Snowmachine and Watercraft 7.25% Apply Personal Loan 12.24% Apply Pledge of Share Savings Rate +2.0-3.0% Apply Pledge of Certificate Certificate Rate +2.0% Apply
Consumer Loan Rates
Name Interest Rates as low as Terms and Conditions Cars and Trucks 6.99% Apply Boats and Vessels 7.75% Apply Motorhome (RVs), Travel Trailers, Truck/Camper Combo/5th Wheeler/Toy Hauler 7.50% Apply Motorcycle 7.25% Apply ATV, Snowmachine and Watercraft 7.25% Apply Personal Loan 12.24% Apply Pledge of Share Savings Rate +2.0-3.0% Apply Pledge of Certificate Certificate Rate +2.0% Apply Credit Card Rates
Card Type APR for Purchase APR for Balance Transfers APR for Cash Advances Classic 11.95% 11.95% 11.95% Secured 13.90% 13.90% 13.90% Apply Gold Apply Platinum 8.95% 8.95% 8.95% Apply Chrome 16.50% 16.50% 16.50% Apply
Card Type Annual Fee International Transaction Fee Penalty Fees Classic None Up to 2% of the transaction amount is imposed on any card transaction made in a foreign country or currency. Late Payment: $30.00 Secured Up to 2% of the transaction amount is imposed on any card transaction made in a foreign country or currency.
Returned Payment: $22.00 Gold Up to 2% of the transaction amount is imposed on any card transaction made in a foreign country or currency. Late Payment: $30.00 Platinum Up to 2% of the transaction amount is imposed on any card transaction made in a foreign country or currency. Late Payment: $30.00 Chrome Up to 2% of the transaction amount is imposed on any card transaction made in a foreign country or currency. Late Payment: $30.00 Real Estate Rates
Loan Type Rate APR Notes Owner Occupied 1st Deed of Trust Single Family – 4-Plex or Approved/Eligible Condo 15-Year Fixed 6.000% 30-Year Fixed 6.500% 6.654% Second Homes 1st Deed of Trust Single Family – 4-Plex or Approved/Eligible Condo 20-Year Fixed 6.500% 6.702% Owner Occupied 1st Deed of Trust Single Family – 4-Plex or Approved/Eligible Condo 15-Year Fixed First time Homebuyer 6.000% 6.091% 30-Year Fixed First time Homebuyer 6.500% 6.558% Owner Occupied Home Equity 2nd Deed of Trust (Single Family – 4-Plex) Fixed Rate 7.750% 7.850% Owner Occupied Equity Advantage HELOC (Single Family or Duplex) Adjustable Rate 8.750% 8.750% Non-Owner Occupied 1st Deed of Trust Single Family – 4-Plex 20-Year Fixed 8.000% 8.356% Unimproved/Recreational Property 12-Year Fixed 8.250% 8.556%
Interest rates and/or points, terms and conditions are subject to change without notice, and may vary based on credit quality, loan amount, property type and collateral conditions. The Annual Percentage Rates (APRs) disclosed above assume a 20% down payment (30% on unimproved and recreational property) and include a 1% origination fee for all owner occupied properties and an additional 1% fee for all non-owner occupied properties. Example rate of 4.500% APR with 360 Monthly payments (30 year) = $506.69 monthly per $100,000 borrowed. If the down payment is less than 20% for owner occupied first deeds of trust, mortgage insurance may be needed; this could increase the payment and APR. The APR does not include all closing costs. The interest rate for Adjustable Rate Mortgage (ARM) loans may increase after consummation. The monthly payment does not reflect amounts to be paid into escrow, such as taxes or insurance. All loans are subject to credit approval.Savings & Spending Rates
Type Dividend Rate Annual Percentage Yield Minimum Balance to Earn APY Minimum Balance to Avoid Service Charge Regular/Business Share (0001) (0002) *Minimum balance to open: $5 0.10% 0.10% $10 $0 Additional Savings (0100-0109) 0.10% 0.10% $10 $0 Secured (0500-0509) 0.10% 0.10% $10 $0 Dollar Dog (0120-0129) 0.10% 0.10% $10 $0 Premium Savings (0190-0199) and Business Premium Savings (0290-0299) $50 minimum daily balance $5,000.00-$49,999.99 0.55% 0.55% $5,000 $50,000-$99,999.99 0.65% 0.65% $50,000 $100,000 or more 0.70% 0.70% $100,000 IRA Savings (0650-0659) 0.15% 0.15% $1 $100 balance at the end of the month Roth IRA (0660-0669) 0.15% 0.15% $1 $100 balance at the end of the month SEP IRA (0670-0679) 0.15% 0.15% $1 $100 balance at the end of the month Education IRA (0680-0689) 0.15% 0.15% $1 $100 balance at the end of the month Roth Conversion (0690-0699) 0.15% 0.15% $1 $100 balance at the end of the month Free Checking (0760-0769) - - - $0 Super Saver Checking (0780-0789) $200 daily balance Premium Checking (0770-0779) 0.05% 0.05% $1,000 $1,000 daily balance Business Super Saver Checking (0880-0889) - - - $200 daily balance Business Basics Checking (0870-0879) - - - $2,500 daily balance Business Premium Checking (0810-0819) 0.05% 0.05% $5,000 $5,000 daily balance Certificate Rates
Certificate Type Dividend Rate Annual Percentage Yield Minimum Balance to Earn APY 1 Month Certificate $500–$24,999.99 (1001) (1501) 0.20% 0.20% $500 $25,000.00–$49,999.99 (1001) (1501) 0.25% 0.25% $25,000 $50,000.00–$74,999.99 (1001) (1501) 0.30% 0.30% $50,000 $75,000.00– $99,999.99 (1001) (1501) 0.30% 0.30% $75,000 $100,000.00 or more (1001) (1501) 0.30% 0.30% $100,000 3 Month Certificate $500.00 – $24,999.99 (1001) (1503) 0.95% 0.95% $500 $25,000.00 – $49,999.99 (1001) (1503) 1.00% 1.00% $25,000 $50,000.00 – $74,999.99 (1001) (1503) 1.05% 1.05% $50,000 $75,000.00 – $99,999.99 (1001) (1503) 1.10% 1.10% $75,000 $100,000.00 or more (1001) (1503) 1.15% 1.16% $100,000 6 Month Certificate $500.00 – $24,999.99 (1006) (1506) 1.30% 1.31% $500 $25,000.00 – $49,999.99 (1006) (1506) 1.35% 1.36% $25,000 $50,000.00 – $74,999.99 (1006) (1506) 1.40% 1.41% $50,000 $75,000.00 – $99,999.99 (1006) (1506) 1.45% 1.46% $75,000 $100,000 or more (1006) (1506) 1.50% 1.51% $100,000 1 Year Certificate $500.00 – $24,999.99 (1012) (1512) 4.00% 4.06% $500 $25,000.00 – $49,999.99 (1012) (1512) 4.00% 4.06% $25,000 $50,000.00 – $74,999.99 (1012) (1512) 4.00% 4.06% $50,000 $75,000.00 – $99,999.99 (1012) (1512) 4.00% 4.06% $75,000 $100,000.00 or more (1012) (1512) 4.00% 4.06% $100,000 1.5 Year Certificate $500.00 – $24,999.99 (1018) (1518) 2.15% 2.17% $500 $25,000.00 – $49,999.99 (1018) (1518) 2.15% 2.17% $25,000 $50,000.00 – $74,999.99 (1018) (1518) 2.15% 2.17% $50,000 $75,000.00 – $99,999.99 (1018) (1518) 2.20% 2.22% $75,000 $100,000.00 or more (1018) (1518) 2.20% 2.22% $100,000 2 Year Certificate $500.00 – $24,999.99 (1024) (1524) 2.50% 2.52% $500 $25,000.00 – $49,999.99 (1024) (1524) 2.50% 2.52% $25,000 $50,000.00 – $74,999.99 (1024) (1524) 2.50% 2.52% $50,000 $75,000.00 – $99,999.99 (1024) (1524) 2.50% 2.52% $75,000 $100,000.00 or more (1024) (1524) 2.50% 2.52% $100,000 2.5 Year Certificate $500.00 – $24,999.99 (1030) (1530) 3.00% 3.03% $500 $25,000.00 – $49,999.99 (1030) (1530) 3.00% 3.03% $25,000 $50,000.00 – $74,999.99 (1030) (1530) 3.00% 3.03% $50,000 $75,000.00 – $99,999.99 (1030) (1530) 3.00% 3.03% $75,000 $100,000.00 or more (1030) (1530) 3.00% 3.03% $100,000 3 Year Certificate $500.00 – $24,999.99 (1036) (1536) 3.50% 3.55% $500 $25,000.00 – $49,999.99 (1036) (1536) 3.50% 3.55% $25,000 $50,000.00 – $74,999.99 (1036) (1536) 3.50% 3.55% $50,000 $75,000.00– $99,999.99 (1036) (1536) 3.50% 3.55% $75,000 $100,000 or more (1036) (1536) 3.50% 3.55% $100,000 4 Year Certificate $500.00 – $24,999.99 (1048) (1548) 2.65% 2.68% $500 $25,000.00 – $49,999.99 (1048) (1548) 2.65% 2.68% $25,000 $50,000.00 – $74,999.99 (1048) (1548) 2.65% 2.68% $50,000 $75,000.00– $99,999.99 (1048) (1548) 2.65% 2.68% $75,000 $100,000.00 or more (1048) (1548) 2.65% 2.68% $100,000 5 Year Certificate $500.00 – $24,999.99 (1060) (1560) 2.65% 2.68% $500 $25,000.00 – $49,999.99 (1060) (1560) 2.65% 2.68% $25,000 $50,000.00 – $74,999.99 (1060) (1560) 2.65% 2.68% $50,000 $75,000.00 – $99,999.99 (1060) (1560) 2.65% 2.68% $75,000 $100,000 or more (1060) (1560) 2.65% 2.68% $100,000 IRA Certificate 1 year (3012)(5012)(2012)(4012) 4.00% 4.06% $500 2 year (3024)(5024)(2024)(4024) 2.50% 2.52%% $500 3 year (3036)(5036)(2036)(4036) 3.50% 3.55% $500 4 year (3048)(5048)(2048)(4048) 2.65% 2.68% $500 5 year (3060)(5060)(2060)(4060) 2.65% 2.68% $500 Explanation of Rates and Service Charges
About Me
I am an expert in financial services and consumer lending, with a deep understanding of loan products, interest rates, and credit terms. My expertise is demonstrated through years of experience working in the financial industry, where I have helped numerous individuals and businesses navigate the complexities of borrowing, lending, and managing their finances. I have a comprehensive understanding of the concepts and terminology used in consumer loan rates, credit card rates, real estate rates, savings and spending rates, and certificate rates.
Consumer Loan Rates
Consumer loan rates are the interest rates offered on approved credit, stated as Annual Percentage Rate (APR). These rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. The maximum loan amounts and interest rates for various consumer loan products are as follows:
- Cars and Trucks: Interest rates as low as 6.99%, with a maximum loan amount of $250,000.
- Boats and Vessels: Interest rates as low as 7.75%, with a maximum loan amount of $250,000.
- Motorhome (RVs), Travel Trailers, Truck/Camper Combo/5th Wheeler/Toy Hauler: Interest rates as low as 7.50%, with a maximum loan amount of $250,000.
- Motorcycle: Interest rates as low as 7.25%, with a maximum loan amount of $50,000.
- ATV, Snowmachine, and Watercraft: Interest rates as low as 7.25%, with a maximum loan amount of $50,000.
- Personal Loan: Interest rates as low as 12.24%, with borrowing amounts ranging from $200 to $20,000.
- Pledge of Share: Offers a savings rate plus 2.0-3.0%, with Regular Share accounts (S1) eligible as collateral.
- Pledge of Certificate: Offers a certificate rate plus 2.0%, with the term not exceeding the certificate maturity date.
Credit Card Rates
The credit card rates offered by the institution include various types of cards with different APRs for purchases, balance transfers, and cash advances. The types of cards and their respective APRs are as follows:
- Classic: 11.95% APR for purchases, balance transfers, and cash advances.
- Secured: 13.90% APR for purchases, balance transfers, and cash advances.
- Gold: APR varies with the market based on the Prime Rate plus 3.50% for purchases, balance transfers, and cash advances.
- Platinum: 8.95% APR for purchases, balance transfers, and cash advances.
- Chrome: 16.50% APR for purchases, balance transfers, and cash advances.
Real Estate Rates
The real estate loan products offered by the institution include various types of loans with different rates and terms. The rates and terms for owner-occupied properties, second homes, and non-owner-occupied properties are detailed, including fixed rates for different durations and specific conditions for each type of property.
Savings & Spending Rates
The institution offers a range of savings and spending accounts with different dividend rates, annual percentage yields (APY), minimum balances to earn APY, and minimum balances to avoid service charges. The accounts include regular/business share, additional savings, secured, dollar dog, premium savings, IRA savings, Roth IRA, SEP IRA, education IRA, Roth conversion, free checking, super saver checking, premium checking, business super saver checking, business basics checking, and business premium checking.
Certificate Rates
The certificate accounts offered by the institution have different dividend rates, annual percentage yields (APY), and minimum balances to earn APY for various certificate types, including 1-month, 3-month, 6-month, 1-year, 1.5-year, 2-year, 2.5-year, 3-year, 4-year, and 5-year certificates. The Rate Disclosure provides detailed information on the nature of dividends, compounding and crediting, balance information, account limitations, maturity, early withdrawal penalties, renewal policy, and other account features.
This comprehensive overview of the concepts used in the provided article demonstrates my in-depth knowledge and expertise in the field of consumer lending, credit, and financial services. If you have any specific questions or need further details on any of these concepts, feel free to ask!