Rates as of May 31, 2023
Vehicle
CBCU New Electric and Hybrid Vehicle Green Loans – take an additional .25% APR off posted rates!***. Apply today!
| New** and Used (Maximum borrowed $100,000) | |||
|---|---|---|---|
| Model Years 2022-2023 | Term | APR* | Monthly Cost Per $1,000 Borrowed |
| Up to 48 Months | As low as 5.00% up to 8.09% | $23.03/$24.46 | |
| 49 – 72 Months | As low as 5.25% up to 8.59% | $16.22/$17.82 | |
| 73 – 84 Months | As low as 6.10% up to 9.09% | $14.66/$16.13 | |
| Used (Maximum borrowed $100,000) | |||
|---|---|---|---|
| Model Years 2019-2021 | Term | APR* | Monthly Cost Per $1,000 Borrowed |
| Up to 36 Months | As low as 5.39% up to 8.59% | $30.15/$31.61 | |
| 37 – 60 Months | As low as 5.84% up to 9.09% | $19.26/$20.80 | |
| 61-72 Months | As low as 6.09% up to 9.34% | $16.62/$18.19 | |
| Used (Maximum borrowed $75,000) | |||
|---|---|---|---|
| Model Years 2018 | Term | APR* | Monthly Cost Per $1,000 Borrowed |
| Up to 36 Months | As low as 5.59% up to 8.79% | $30.24/$31.70 | |
| 37 – 48 Months | As low as 5.79% up to 9.04% | $23.30/$24.90 | |
| Used (Maximum borrowed $50,000) | |||
|---|---|---|---|
| Model Years 2017 | Term | APR* | Monthly Cost Per $1,000 Borrowed |
| Up to 36 Months | As low as 6.19% up to 9.39% | $30.51/$31.98 | |
| 37 – 48 Months | As low as 6.39% up to 9.64% | $23.66/$25.19 | |
| Used (Maximum borrowed $50,000) | |||
|---|---|---|---|
| Model Years 2016 | Term | APR* | Monthly Cost Per $1,000 Borrowed |
| Up to 36 Months | As low as 6.74% up to 9.94% | $30.76/$32.24 | |
| 37 – 48 Months | As low as 6.94% up to 10.09% | $23.92/$25.41 | |
| RV Loans (Trailers, Campers & Boats – Maximum borrowed $100,000)# | |||
|---|---|---|---|
| RV – New or Used# | Term | APR* | Monthly Cost Per $1,000 Borrowed |
| 60 Months | As low as 7.75% up to 11.75% | $20.16/$22.12 | |
| 120 Months | As low as 8.25% up to 12.25% | $12.27/$14.49 | |
*A.P.R.=Annual Percentage Rate. Rate determination is based on member’s current credit rating and down payment. All loans subject to credit approval. Other rates and terms available. Monthly Cost per $1000 is based upon the maximum loan amount shown. A.P.R.s are accurate as of the date of printing and subject to change without notice. Must be eligible for City of Boston Credit Union membership to apply.
**New vehicles have 5,000 miles or less
***A.P.R. = Annual Percentage Rate. Rate determination is based on member’s current credit rating, term and down payment. All loans subject to credit approval. Promotion applies to new and used electric and hybrid vehicle models only, take an additional .25% APR off posted rates. Other rates and terms available. Terms and conditions subject to change without notice. A.P.R.s are accurate as of the date of printing and subject to change without notice. Qualified borrowers can also add on vehicle charging station cost and installation, tax, title, warranty or GAP (Guaranteed Asset Protection) insurance coverage costs into their financing, not to exceed 110% of vehicle cost. Some makes and models do not qualify for tax, title, warranty or Guaranteed Asset Protection insurance. Other guidelines may apply. New vehicles must have 5,000 miles or less. Used vehicles maximum mileage of 90,000 miles. Must be eligible for City of Boston Credit Union membership to apply.
# 10% down payment required.
Limited time 1/8th Off Rate1 promotion applies to purchase transactions only.
Mortgage Rates* – No Points!
- Payments shown do not include taxes or insurance. Your payment may be greater
- NMLS #403469
| 10 Year Fixed Rate | |
|---|---|
| A.P.R.** | 6.500% – 0.125% = 6.375%1 |
| Monthly cost per $1,000 Borrowed | $11.29 per $1,000 for 120 months |
| 15 Year Fixed Rate | |
|---|---|
| A.P.R.** | 6.625% – 0.125% = 6.500%1 |
| Monthly cost per $1,000 Borrowed | $8.71 per $1,000 for 180 months |
| 20 Year Fixed Rate | |
|---|---|
| A.P.R.** | 6.875% – 0.125% = 6.750%1 |
| Monthly cost per $1,000 Borrowed | $7.60 per $1,000 for 240 months |
| 30 Year Fixed Rate | |
|---|---|
| A.P.R.** | 7.000% – 0.125% = 6.875%1 |
| Monthly cost per $1,000 Borrowed | $6.57 per $1,000 for 360 months |
| First Time Home Buyer Program | |
|---|---|
| Term | 360 Months |
| A.P.R.** | 6.750% |
| Monthly cost per $1,000 Borrowed | $6.49 per $1,000 for 360 months |
| 5/25 Year ARM (Adjustable Rate) {2 step fixed rate} [cap:4%]*** | |
|---|---|
| Term | 360 Months |
| A.P.R.** | 5.375% – 0.125% = 5.250%1 |
| Monthly cost per $1,000 Borrowed | 60 months at $5.52 per $1,000 and 300 months at $5.52 per $1,000 |
| 7/23 Year ARM (Adjustable Rate) {2 step fixed rate} [cap:4%]*** | |
|---|---|
| Term | 360 Months |
| A.P.R.** | 5.625% – 0.125% = 5.500%1 |
| Monthly cost per $1,000 Borrowed | 84 months at $5.68 per $1,000 and 276 months at $5.68 per $1,000 |
*These rates reflect the best rates available for the indicated terms and are subject to change at any time. Rates are determined by creditworthiness, loan to value (LTV) ratio, purpose of loan, occupancy status, and property type, so your rate may be higher.
**A.P.R. = Annual Percentage Rate
***ARM = Adjustable Rate Mortgage. ARMs and their APRs are adjustable and may change after closing.
1Annual Percentage Rate (“APR”) and Interest Rate (“Rate”) are effective March 1, 2023 and are subject to change without notice. New Mortgages to City of Boston Credit Union only. This discount promotion applies to purchase transactions only. The APR and Rate are calculated using a loan amount of $647,200 for a term of 30 years or 360 months and a down payment of 20%. Payments are $6.08 per $1,000 borrowed. Payment does not include taxes and insurance; your payment may be greater. Complete application required, with approval subject to meeting underwriting qualifications. Available on owner occupied, 1-4 unit, purchase transactions with a maximum loan amount of $1,500,000. Fees and closing costs may apply. This rate and APR are not available for programs offering discounted rates or closing costs. Must be eligible for City of Boston Credit Union membership to apply. Subject to Credit and Underwriting approval.
All loans are subject to credit approval. A.P.Rs are subject to change at anytime without prior notice.
Equity Loans & Lines of Credit
- NMLS #403469
- Max. amount $250,000.00
| 5 Year Fixed Rate | |
|---|---|
| Max. Loan Amount | $250,000 |
| A.P.R.** | 7.000% |
| Monthly cost per $1,000 Borrowed | $19.80 per $1,000 for 60 months |
| 10 Year Fixed Rate | |
|---|---|
| Max. Loan Amount | $250,000 |
| A.P.R.** | 7.250% |
| Monthly cost per $1,000 Borrowed | $11.74 per $1,000 for 120 months |
| 15 Year Fixed Rate | |
|---|---|
| Max. Loan Amount | $250,000 |
| A.P.R.** | 7.500% |
| Monthly cost per $1,000 Borrowed | $9.27 per $1,000 for 180 months |
| 20 Year Fixed Rate | |
|---|---|
| Max. Loan Amount | $250,000 |
| A.P.R.** | 7.750% |
| Monthly cost per $1,000 Borrowed | $8.21 per $1,000 for 240 months |
| Line of Credit Adjustable @ Prime^^ | |
|---|---|
| Max. Loan Amount | $250,000 |
| A.P.R.** | 8.250% |
| Monthly cost per $1,000 Borrowed | This payment would be dependent upon the term of the loan. |
*These rates reflect the best rates available for the indicated terms and are subject to change at any time. Rates are determined by creditworthiness, loan to value (LTV) ratio, purpose of loan, occupancy status, and property type, so your rate may be higher.
**A.P.R. = Annual Percentage Rate
^^This reflects the rate based upon Prime of 8.250% on 05/03/23. This rate will change without notice on a monthly basis at the end of each billing cycle. The maximum APR under this plan would be 18.00%. The borrower is required to maintain property insurance coverage as a condition of the loan. Please consult your tax advisor concerning the deductibility of interest paid.
All loans are subject to credit approval. A.P.Rs are subject to change at anytime without prior notice.
Consumer Loans
| Consumer/Other Loan Rates | |||||
|---|---|---|---|---|---|
| Products | Credit Score | Max. Term | Max. Loan Amount | A.P.R.* | Monthly cost per $1,000 Borrowed |
| Personal Loans | 760+ | 72 months | $30,000 | 9.99% | 18.52 |
| 720-759 | 72 months | $30,000 | 12.99% | 20.07 | |
| 660-719 | 72 months | $30,000 | 14.99% | 21.14 | |
| 600-659 | 72 months | $30,000 | 16.99% | 22.24 | |
| 599 & Below | 72 months | $30,000 | 17.99% | 22.80 | |
| Tuition (K-12) and/or College Education Loan (undergraduate/graduate | 760+ | 96 months | $25,000 | 7.50% | 13.88 |
| 720-759 | 96 months | $25,000 | 8.00% | 14.14 | |
| 660-719 | 96 months | $25,000 | 8.50% | 14.39 | |
| 600-659 | 96 months | $25,000 | 9.00% | 14.65 | |
| 599 & Below | 96 months | $25,000 | 10.99% | 15.70 | |
| Secured Loans – Secured by Main Share Account | 3.25% | A | |||
| Home Improvement Loans+++ | 760+ | 180 months | $50,000 | 6.99% | 8.98 |
| 720-759 | 180 months | $50,000 | 7.99% | 9.55 | |
| 660-719 | 180 months | $35,000 | 9.99% | 10.74 | |
| 600-659 | 180 months | $15,000 | 11.99% | 12.00 | |
| 599 & Below | 180 months | $5,000 | 13.99% | 13.38 | |
| Energy Loans | 18 months | $5,000 | 10.99% | 60.51 | |
| Vacation Loan | 18 months | $5,000 | 10.99% | 60.51 | |
| Back to School Loan | 18 months | $5,000 | 10.99% | 60.51 | |
| Holiday | 12 months | $5,000 | 10.99% | 88.38 | |
| Uniform and Equipment Loan** | 18 months | $5,000 | 5.99% | 58.23 | |
| Mass Save® HEAT Loan*** | 84 months | $25,000 | 0.00% | 11.91 | |
| Electric Bicycle Loan | 18 months | $5,000 | 7.99% | 59.14 | |
| VISA Credit Card Rates | |||||
|---|---|---|---|---|---|
| Card Type | Max. Term | A.P.R.* | Monthly cost per $1,000 Borrowed | ||
| Visa® Signature Credit Card++++ (max. loan amount $20,000) | Open End | 3.990% | varies | ||
| Visa® Platinum Credit Card++++ (max. loan amount $20,000) | Open End | 3.990% | varies | ||
*A.P.R. = Annual Percentage Rate.
+Other rates available based on term of financing and credit score. Annual Percentage Rate is based on member’s current credit rating. Please contact a Loan Representative at 617-635-4545 for more information.
+++Annual Percentage Rate is based on member’s current credit rating and automatic payment deduction. Other rates available based on term and credit score. Maximum LTV (Loan to Value) 115%. UCC filing. Signature of all homeowners required. Only one (1) Home Improvement Loan allowed per household.
++++3.99% Introductory Annual Percentage Rate for first twelve (12) billing cycles, thereafter A.P.R. is based on member’s credit rating at account opening. For complete disclosure and agreements click here.
# A.P.R. reflects credit score of 760 or above. Other rates available for different scores. 10% down payment required.
A – This payment would be dependent upon the term of the loan.
** Uniform and Equipment Loan is for the purpose of purchases related to member occupation required uniform and equipment needs. Checks will be made payable to supplier or the member for reimbursement of a qualified purchase made within past 30 days.
*** Members must meet program eligibility requirements to participate. Eligibility for the HEAT Loan is based on findings from the Home Energy Assessment and require pre-approval. Some restrictions apply and offers are subject to change or cancellation. Owner occupied properties only. Additional terms and conditions apply. Visit www.MassSave/HEATLoan or call 1-866-527-SAVE (7283) for details and to learn more about the program.
All loans are subject to credit approval. A.P.R.s are subject to change without notice.