Rates & Fees
Savings Accounts (Last Modified: Apr 01, 2013)
| Description | Balance | Dividend Rate | APY |
|---|---|---|---|
| Savings Account | $0.00 | 0.02% | 0.02% |
| Christmas Club | $0.00 | 0.02% | 0.02% |
APY - Annual Percentage Yield
$25.00 minimum balance is required to maintain a Savings Account. Rates listed above are subject to change after the account is opened. Certain fees may apply and may reduce earnings.
Checking Accounts (Last Modified: Apr 01, 2013)
| Description | Balance | Dividend Rate | APY |
|---|---|---|---|
| Emerald Checking | No minimum balance. | No Dividends Paid | No Dividends Paid |
| Rewards Checking | $200.00+ | 0.02% | 0.02% |
| Performance Money Market Checking Accounts | $200.00 - $1,999.99 | 0.02% | 0.02% |
| $2,000.00 - $14.999.99 | 0.05% | 0.05% | |
| $15,000.00+ | 0.10% | 0.10% |
APY - Annual Percentage Yield
Checking Accounts are earned on the average daily balance and posted quarterly. Rates listed above are subject to change after the account is opened. Dividends on Performance Money Market Accounts are earned on the average daily balance and posted monthly. Certain fees may apply and may reduce earnings.
Certificates (CDs/IRAs) (Last Modified: Jan 28, 2013)
| Description | Term | Dividend Rate | APY |
|---|---|---|---|
| 3 months | 0.10% | 0.10% | |
| 6 months | 0.20% | 0.20% | |
| 12 months | 0.30% | 0.30% | |
| 24 months | 0.40% | 0.40% | |
| 36 months | 0.50% | 0.50% | |
| 48 months | 0.60% | 0.60% | |
| 60 months | 0.70% | 0.70% | |
| Certificates (IRA) | 12 months | 0.30% | 0.30% |
| 24 months | 0.40% | 0.40% | |
| 36 months | 0.50% | 0.50% | |
| Savings IRA (No minimum balance) | N/A | 0.05% | 0.05% |
APY - Annual Percentage Yield
Minimum deposit for IRA Certificate Accounts - $250.00
Rates are fixed for the term of the Account.
A Penalty may be imposed for early withdrawal.
Youth - minimum deposit of $100. 3 months - 2 years terms. $3,000 maximum certificate amount. Dividends may be withdrawn at any time without penalty or added to principal. Penalty for early principal withdrawals.
Personal Loans (Last Modified: Apr 03, 2013)
| Description | APR |
|---|---|
| Unsecured (signature) Personal Loan | as low as 8.50% |
| Secured Personal Loan | 6.00% |
APR - Annual Percentage Rate
Rate will never exceed 18.00% APR.
"As Low As" rates listed below are our best rates based on approved credit; actual rate offered may be higher depending upon applicant's credit rating and other underwriting factors. All advertised rates are subject to change without notice.
Vehicle Loan Rates (Last Modified: Apr 08, 2013)
| Type | Term | APR |
|---|---|---|
| New Autos | Up to 60 months | as low as 2.99% |
| Financing 61 - 72 months | as low as 3.49% | |
| Used Autos | Up to 60 months | as low as 3.49% |
| Financing 61 - 72 months | as low as 3.99% | |
| Motor Homes, Boats, 5th Wheels, and Travel Trailers | Up to 120 months Minimum to Finance $30,000 | as low as 6.99% |
| Up to 84 months Minimum to Finance $20,000 | as low as 6.99% | |
| Motorcycles, ATVs, Personal Water Craft, Other Secured | Up to 60 months | as low as 7.99% |
APR - Annual Percentage Rate
New vehicles are either current or previous year auto with less than 12,000 miles.
Rates listed are best available based on approved credit; actual rate offered may be higher depending upon applicant credit rating and other underwriting factors.
All advertised rates are subject to change without notice.
Other Loan Rates (Last Modified: Apr 08, 2013)
| Type | Term | APR |
|---|---|---|
| Overdraft | 16.50% | |
| Certificate - Secured | 2.00% Greater Than Certificate Earning |
APR - Annual Percentage Rate
Rates listed are our best rates based on approved credit; actual rate offered may be higher depending upon applicant's credit rating and other underwriting factors. All advertised rates are subject to change without notice.
Visa Credit Cards (Last Modified: Mar 20, 2013)
| Description | APR |
|---|---|
| Visa® Classic Card | 16.00% |
| Visa® Gold Card with Bonus Points Program | 10.25%* |
| Visa® Platinum Card with Bonus Points Program | 8.25%* |
| Visa® Firefighter Gold Card | 10.25%* |
| Visa® Secured Card | 16.00% |
Please review our New Account Credit Card Agreement.
*APR - Annual Percentage Rate. Cards are subject to credit approval. CPM Federal reserves the right to change any of the above credit card rates at any time. The APR will vary with the market based on the Prime Rate.
Mortgage (Last Modified: Mar 01, 2013)
| Mortgage Type | Term | Rates as low as | APR | Points | Origination Fee |
|---|---|---|---|---|---|
| First Mortgage | 15 Year | 2.875% | 3.112% | 0.000 | 1.00% |
| 20 Years | 4.000% | 4.055% | 0.000 | 1.00% | |
| 30 Years | 4.500% | 4.541% | 0.000 | 1.00% |
APR - Annual Percentage Rate
Based on a $100,000 loan amount. 30 day rate lock.
"As Low As" rates listed below are our best rates based on approved credit; actual rate offered may be higher depending upon applicant's credit rating and other underwriting factors. All advertised rates are subject to change without notice.
Second Mortgage (Last Modified: May 01, 2013)
| Type | Term | APR |
|---|---|---|
| Fixed Rate Second Mortgage | 15 Years | 6.75% |
APR - Annual Percentage Rate
"As Low As" rates listed below are our best rates based on approved credit; actual rate offered may be higher depending upon applicant's credit rating and other underwriting factors. All advertised rates are subject to change without notice.
HELOC (Last Modified: May 01, 2013)
| HELOC Option | Term | APR |
|---|---|---|
| Variable Rate | 10 year draw with a 15 year repayment | Discount Rate/ Rate as low as 1.99%/3.25% |
| Fixed Rate | 5 year draw with a 10 year repayment | Rate as low as 4.24% |
APR - Annual Percentage Rate
"As Low As" rates listed below are our best rates based on approved credit; actual rate offered may be higher depending upon applicant's credit rating and other underwriting factors. All advertised rates are subject to change without notice.
Fees (Last Modified: Jun 22, 2012)
| Item | Fee |
|---|---|
| Check cashing fee (Applies when you do not have a checking account and your share account has a balance of less than $100)(Does not apply to CPM Federal checks) | $5 per item |
| Replace ATM card | $5 |
| Visa gift card purchase | $3 |
| Rewards Checking Account drops below minimum balance of $200.00 | $3 |
| Performance Money Market Account - average daily balance falls below $200.00 | $3 |
| Automatic transfer of funds from a Savings account to Checking account | $1 per transfer |
| Automatic transfer of funds from Overdraft Loan to Checking account | $1 per transfer |
| More than 6 withdrawals from Money Market | $10 |
| Certified check | $3 |
| Inactive account (applies if your account has been inactive for one year and only have a savings account) | $5.00 per month |
| Closed Account Fee (If Savings Account is closed within 90 days of opening date) | $5 |
| Non-sufficient funds (NSF, ACH, ATM, Check Card, Internet Billpay) | $31 |
| Overdraft Privilege Check Payment Fee | $31 |
| Stop payment (Draft, ACH, Corporate Check, Internet Billpay) | $31 |
| Statement Copy Fee | $5 per copy |
| Check Copy Fee | $2 per copy |
| Deposited foreign checks returned unpaid- Savings, Checking, Loan | $10 |
| Account Research/Balancing Assistance | $15 |
| Account activity printout | $5 |
| Outgoing wire transfer | $10 |
| Outgoing foreign wire transfer | $35 |
| Incoming wire transfer | $5 |
| Money orders (where available) | $.75 |
| Copy of share draft | $2 per item |
| Coin Counter Fee (non-members) | 10% of cash value |
| Excessive Withdrawal fee (You are allowed three free withdrawals from a Savings account each month) | $2 per withdrawal |
| Locator fee on stale checks | $10 |
| Visa payment by phone - if processed by card company | $10 |
| Visa payment late fee | up to $25 |
| Visa Payment Return Check | up to $25 |
| Visa Card Replacement | $5 |
| Visa Document Copy | $2 per copy |
| Visa Card Recovery | $50 |
| Personal check printing | Free basic checks to all members. Other costs vary depending upon style and quantity ordered. |
| Verification of Mortgage | $20 |
| 3rd Party Mortgage Payoff | $20 |
| CARFAX History Report | $10.99 |
| Bad Address | $5 per month until address is updated |
| ATM Surcharge Fee (non-members) | $2 |
| Safety Deposit Boxes** | 3 x 5 = $25 per year |
| 3 x 10 = $40 per year | |
| 5 x 10 = $55 per year | |
| 10 x 10 = $85 per year | |
| Change Lock / New Key = $25 per occurrence | |
| Drill Box = $125 per occurrence |
Fees listed above are subject to change without notice.
** Members age 55 and better will receive a $5.00 discount
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