Please note:
The COPFCU Prime Rate as of July 1, 2014 is 3.25% APR.

APY = Annual Percentage Yield earned on savings dividends
APR = Annual Percentage Rate charged on loan interest




Share Rates

Type

APY

Rate

Share Savings Account

0.10%%

0.10%

IRA Savings Account

0.10%%

0.10%



HSA Checking Tiered Rates

Balance

APY

Rate

$0 - $499.99

.10%

0.10%

$500 - $2,499.99

.10%

0.10%

$2,500 - $9,999.99

.15%

0.15%

$10,000 +

.20%

0.20%



Money Market Rates

 

Value Membership

Classic Membership *

Premier Membership *

Balance

APY

Rate

APY

Rate

APY

Rate

$2,000-$9,999

0.15%

0.150%

0.30%

0.30%

0.40%

0.40%

$10,000 - $24,999

0.15%

0.150%

0.30%

0.30%

0.40%

0.40%

$25,000 - $49,999

0.20%

0.200%

0.35%

0.35%

0.45%

0.45%

$50,000+

0.30%

0.300%

0.45%

0.45%

0.55%

0.55%


*As part of our Member Rewards program, Classic Memberships (members with aggregate deposit & loan balances of $25,000 - $49,999) receive a rate bonus of .15% on Money Market Rates. Premier Memberships (members with aggregate deposit & loan balances of $50,000 or more) receive a rate bonus of .25%. Click here for more information on our Member Rewards loyalty program.



Certificates of Deposit
Individual Retirement Account Certificates
Health Savings Account Certificates

 

Minimum

Value Membership

Classic Membership **

Premier Membership **

Type

Balance

APY

Rate

APY

Rate

APY

Rate

CD & IRA, 3-month

$1,000

0.20%

0.20%

0.35%

0.35%

0.45%

0.45%

CD & IRA, 6-month

$1,000

0.40%

0.40%

0.55%

0.55%

0.65%

0.65%

CD & IRA, 9-month

$1,000

0.45%

0.45%

0.60%

0.60%

0.70%

0.70%

CD & IRA, 1-year

$1,000

0.50%

0.50%

0.65%

0.65%

0.75%

0.75%

CD & IRA, 18-month

$1,000

0.60%

0.60%

0.75%

0.75%

0.85%

0.85%

CD & IRA, 2-year

$1,000

0.75%

0.75%

0.90%

0.90%

1.00%

1.00%

CD & IRA, 30-month

$1,000

0.85%

0.85%

1.00%

1.00%

1.10%

1.10%

CD & IRA, 3-year

$1,000

1.00%

1.00%

1.15%

1.15%

1.25%

1.25%

CD & IRA, 4-year

$1,000

1.50%

1.49%

1.65%

1.64%

1.75%

1.74%

CD & IRA, 5-year

$1,000

1.75%

1.74%

1.90%

1.89%

2.00%

1.99%

Y-12 CD, 12 Months

$250

3.00%

2.99%

 

 

 

 


**As part of our Member Rewards program, Classic Memberships (members with aggregate deposit & loan balances of $25,000 - $49,999) receive a rate bonus of .15% on CDs and IRAs (excluding Y-12 CDs and IRA Share Accounts). Premier Memberships (members with aggregate deposit & loan balances of $50,000 or more) receive a rate bonus of .25%. Click here for more information on our Member Rewards loyalty program.

Vehicle Loans

Loan Type

Term

Value Rate

Classic Rate 1

Premier Rate 1

Vehicle (2011-2014 > $20,000)

up to 72 months

2.74

2.49

2.24

Vehicle (2009 - 2010)

up to 60 months

2.74

2.49

2.24

Vehicle (2008 & older)

up to 48 months

2.74

2.49

2.24


1 All rates quoted above are for applicants with a credit score of 720 or higher. Higher rates may apply based on your overall creditworthiness. As part of our Member Rewards program, Classic Memberships (members with aggregate deposit & loan balances of $25,000 - $49,999) receive a loan rate discount of .25% on vehicle loans. Premier Memberships (members with aggregate deposit & loan balances of $50,000 or more) receive a loan rate discount of .50%. Click here for more information on our Member Rewards loyalty program.

Signature (Personal) Loans

Loan Type

Term

Value Rate

Classic Rate 2

Premier Rate 2

Signature

up to 48 months

6.99

6.74

6.49


2 All rates quoted above are for applicants with a credit score of 720 or higher. Higher rates may apply based on your overall creditworthiness. As part of our Member Rewards program, Classic Memberships (members with aggregate deposit & loan balances of $25,000 - $49,999) receive a loan rate discount of .25% on signature loans. Premier Memberships (members with aggregate deposit & loan balances of $50,000 or more) receive a loan rate discount of .50%. Click here for more information on our Member Rewards loyalty program.

Visa

Visa Platinum

9.99% - 17.99%



Home Equity Loans. Fixed rate

Loan Type

Term

Fixed APR

5 Year, 80% equity

60 months

3.25

5 Year, 90% equity

60 months

3.50

10 Year, 80% equity

120 months

3.75

10 Year, 90% equity

120 months

4.00

15 Year, 80% equity

180 months

4.25

15 Year, 90% equity

180 months

4.50

       

COPFCU will finance up to 90% of the Equity in your home. The Home Equity fixed rate can be as low as 3.75% APR. The rate you receive may be higher depending upon your credit history and the amount of equity you have available in your home.
     

Home Equity Line of Credit

Loan Type

Variable APR

Variable APR **

80% equity

3.75

Prime + .50%

90% equity

4.25

Prime + 1.00%

       

Home Equity Lines can be as low as Prime + .50% = 3.75%, which reflects the maximum Member Rewards relationship discount. The rate you receive may be higher depending upon your credit history.

     

Mortgage and Refinancing Loans

View Current Rates

CPFCU's lending rate structure is a risk-based pricing format. Risk-based pricing is a means by which the credit union will be able to more effectively meet the credit needs of our members. It involves setting a tiered-pricing structure that assigns loan rates based upon an individual's earned credit risk score. Members with a high credit risk score (Beacon Score) will be rewarded with lower loan rates; members with less than perfect credit histories, while paying higher rates, will still be able to obtain loans that are considerably better than those offered by alternative "finance providers." The Cincinnati Police Federal Credit Union remains committed to providing our members the best rates and terms available.

**Variable rates: The annual percentage rate on a Home Equity Line Of Credit is based on the value of an index. The index is the prime rate published in The Wall Street Journal. When a range of rates has been published, the highest rate is used. We will use the most recent index value available to us as of 10 days before the date of any annual percentage adjustment. To determine the annual percentage rate that will apply to your account, we add a margin value of the index. If the rate is not already rounded we then round up to the next .125%. Ask us for the current index value, margin, and annual percentage rate. After you open a plan, rate information will be provided on periodic statements that we send to you.

The annual percentage rate can change quarterly on the first day of January, April, July, and October. There is no limit on the amount by which the annual percentage rate can change during any one-year period. The maximum annual percentage rate that can apply is 18%.

Your rate is based on your credit history. For more information on your credit score [click here to pop up "How is your credit score (Beacon score) computed?"]

For additional information contact Member Services.