Rates
Loan Rates
| New / Used Autos & Street Bikes (225 CC or Higher) | ||
| Effective Date: 01.01.2021 | ||
| Term | Annual Percentage Rate | Sample Payment Amount monthly per $1,000 borrowed based on maximum term |
| 0 - 71 months | 2.99% APR | $15.39 |
| 72 - 83 months | 3.25% APR | $13.47 |
| 84 - 95 months | 3.50% APR | $12.07 |
| 96 - 107 months | 4.00% APR | $11.13 |
| 108 - 119 months | 4.50% APR | $10.61 |
| 120 months | 5.00% APR | $10.61 |
| APR = Annual Percentage Rate | The APR you receive is based on your credit worthiness and the term of your loan | ||
| Boats & Travel Trailers | ||
| Effective Date: 01.01.2021 | ||
| Term | Annual Percentage Rate | Sample Payment Amount monthly per $1,000 borrowed based on maximum term |
| 0 - 71 months | 3.25% APR | $15.51 |
| 72 - 83 months | 3.50% APR | $13.59 |
| 84 - 95 months | 4.00% APR | $12.31 |
| 96 - 107 months | 4.50% APR | $11.37 |
| 108 - 119 months | 5.00% APR | $10.68 |
| 120 months | 5.50% APR | $10.86 |
| APR = Annual Percentage Rate | The APR you receive is based on your credit worthiness and the term of your loan | ||
| Personal Recreational Vehicles | ||
| Effective Date: 01.01.2021 | ||
| Term | Annual Percentage Rate | Sample Payment Amount monthly per $1,000 borrowed based on maximum term |
| 0 - 59 months | 4.25% APR | $18.22 |
| 60 - 71 months | 4.25% APR | $15.96 |
| 72 - 83 months | 4.50% APR | $14.05 |
| 84 - 95 months | 5.00% APR | $12.67 |
| APR = Annual Percentage Rate | The APR you receive is based on your credit worthiness and the term of your loan | ||
| Personal Loans - You have dreams, we have money! | ||
| Effective Date: 01.01.2021 | ||
| Term | Annual Percentage Rate | Sample Payment Amount monthly per $1,000 borrowed based on maximum term |
| 12 - 36 months | 8.25% APR | $31.46 |
| 37 - 48 months | 9.25% APR | $25.01 |
| 49 - 60 months | 10.25% APR | $25.00 |
| APR = Annual Percentage Rate | The APR you receive is based on your credit worthiness and the term of your loan | ||
| Debt Consolidation | ||
| Effective Date: 01.01.2021 | ||
| $35.00 processing fee | ||
| Term | Interest Rate / APR* | Sample Payment Amount monthly per $1,000 borrowed based on maximum term |
| 0 - 36 months | 9.75% / 12.16% | $32.14 |
| 48 months | 10.75% / 12.61% | $25.72 |
| 60 months | 11.75% / 13.29% | $22.11 |
| *APR = Annual Percentage Rate | The APR you receive is based on your credit worthiness and the term of your loan | ||
| Buck$ and Dough "No Credit Check" Loan Special | |||
| Effective Date: Oct. 1 thru Dec. 30, 2020 | |||
| Term | Interest Rate / APR* | Application Fee | Sample Payment Amount monthly per $1,100 borrowed based on maximum term |
| 11 months | 18% / 24.46% | $35.00 | $109.14 |
| $1,500 maximum limit available to Members whom have successfully paid off their Buck$ and Dough Loan from last year's promotion. | |||
| *APR = Annual Percentage Rate | No other discounts apply | |||
| LOAN SPECIAL REQUIREMENTS | |||
| 1. Provide 4 months verifiable full direct deposit | |||
| 2. Be in good standing with COPOCO CCU for the previous 4 months | |||
| 3. Make loan payment using Auto Transfer | |||
| Emergency Hardship loan | ||
| Effective Date: 3.25.2020 for LIMITED TIME | ||
| Term | Rate | Sample Payment Amount per $1000 borrowed based on maximum term |
| 180 Days | 2.0% | $1009.86 |
| $1,000 maximum limit available to Members whom fall under the following criteria | ||
| *APR = Annual Percentage Rate | No other discounts apply | ||
| LOAN SPECIAL REQUIREMENTS | ||
| 1. Be in good standing with COPOCO CCU | ||
| 2. Not currently or past severe (over 60 days) delinquency with the credit union | ||
| 3. Membership open for 12 months | ||
| 4. Loan Term 180 Days, One Payment Note. Due in Full. | ||
| *To qualify for relief options, a member must have experienced at least two weeks of lost or significantly reduced (50% or more) work/wages resulting from hardship. Members may be asked to present a letter of hardship. To see what qualifies as hardship click here. | ||
Deposit Rates
| Certificate Account Rates | |||
| Effective Date: 01.01.2021 | |||
| Term | Min. Deposit | Annual % Yield | Annual % Rate |
3 Month |
$1,000.00 | 0.10 APY | 0.10 APR |
6 Month Money Market |
$2,500.00 | 0.15 APY | 0.15 APR |
6 Month Youth |
$300.00 | 0.15 APY | 0.15 APR |
7 Month |
$2,500.00 | 0.18 APY | 0.18 APR |
9 Month |
$2,500.00 | 0.20 APY | 0.20 APR |
1 Year |
$500.00 | 0.35 APY | 0.35 APR |
1 Year Youth |
$50 / $5 adds | 0.35 APY | 0.35 APR |
18 Month |
$500.00 | 0.45 APY | 0.45 APR |
24 Month** |
$5,000.00 | 0.55 APY | 0.55 APR |
| **Your 24 month certificate will not automatically renew if a penalty-free withdrawal taken during the 24 month term has caused the certificate's maturing balance to be less than $5,000. In such case you will have the 10 day grace period to return the balance to the minimum opening balance of $5,000 or the certificate will redeem to your share account. | |||
30 Month |
$500.00 | 0.60 APY | 0.60 APR |
36 Month |
$1,000.00 | 0.75 APY | 0.75 APR |
48 Month*** |
$5,000.00 | 0.85 APY | 0.85 APR |
| ***A one-time increase (bump-up) of the interest rate is allowed during the certificate term. See 48 month Term Share Certifcate disclosure for specific details. | |||
5 Year |
$500.00 | 1.00 APY | 1.02 APR |
| ALL CERTIFICATE RATES subject to change without notice | Fees may reduce the earnings on account | Early withdrawal penalty will or may be imposed | |||
| IRA Certificate Rates | |||
| Effective Date: 01.01.2021 | |||
| Term | Min. Deposit | APY* | Dividend Rate |
| 1 Year Traditional | $1,000.00 | .60 APY | .60 APR |
| 2 Year Traditional | $1,000.00 | .65 APY | .65 APR |
| 5 Year Traditional | $1,000.00 | 1.00 APY | 1.00 APR |
| 1 Year Roth | $1,000.00 | .60 APY | .60 APR |
| 2 Year Roth | $1,000.00 | .65 APY | .65 APR |
| 5 Year Roth | $1,000.00 | 1.00 APY | 1.00 APR |
| IRA Certificates: No adds | 3 month penalty | Automatic renewal | Dividends Compound | |||
| *APR = Annual Percentage Rate | APY = Annual Percentage Yield | Rates subject to change without notice | |||
| Fees may reduce the earnings on account | Early withdrawal penalty will or may be imposed | |||
| Savings Rates | ||
| Effective Date: 01.01.2021 | ||
| APY* | Dividend Rate | |
| A minimum balance of $5.00 is required to obtain APY on Savings / Primary Share Accounts | Rates are subject to change without notice as determined by the Credit Union Board of Directors | ||
| Prospective rates for the 1st quarter ending March 31, 2021 & posting April 1, 2021 are: | ||
| Primary Share (savings) Minimum Balance = $5.00 | 0.01 APY | 0.01 APR |
| Checking / Share Draft | 0.00 APY | 0.00 APR |
| Open Share IRA | 0.25 APY | 0.25 APR |
| Escrow / Sub Share | 0.01 APY | 0.01 APR |
| Premier Business Account | $10,000 minimum daily balance required | 0.10 APY | 0.10 APR |
| *APR = Annual Percentage Rate | APY = Annual Percentage Yield | ||
| Christmas Club | 0.01 APY | 0.01 APR |
Fees can reduce the earnings on share accounts
Certificate rates are subject to change on a daily basis and not all compound interest.
All rates subject to change without notice as determined by the Credit Union Board of Directors