Loan Rates

Loan Rates

Loan Calculators

If you are looking for a loan, click here to calculate your possible monthly payments and interest charges.


Share Secured And Personal Loans

Account Type or Minimum Balance Term APR
Loans $2,000 or more n/a 3.55% APR
Loans Less Than $2,000 n/a 6.05% APR
Personal Loans n/a As low as 7.90% APR
Overdraft Protection n/a 18.00% APR

Home Equity Loans

Fixed-Rate Home Equity Loans

Account Type or Minimum Balance Term APR
$25,000 or more 60 months As low as 5.99%
$25,000 or more 84 months As low as 5.99%
$25,000 or more 120 months As low as 6.49%

Loans are repayable in equal monthly installments over the term of the loan. 10-year term availability dependent on availability of designated long-term funds. Example: Monthly payment on a $25,000 loan at 5.99% APR for 60 months is $483.34. Total finance charge: $3,999.76. Total loan cost: $28,999.76. Listed rates are for qualified members who borrow up to 80% of their homes’ equity. Amount financed is subject to credit and property approval. Homeowner's insurance is required.

Variable-rate Home Equity Lines of Credit

Account Type or Minimum Balance Term APR
$99,000 or more n/a As low as Prime
$50,000 to $98,999 n/a As low as prime plus .25%
$25,000 to $49,999 n/a As low as Prime plus .75%
$5,000 to $24,999 n/a As low as Prime plus 1.50%

Rate can change on the first of each month and is based on the Prime Rate as published in the Wall Street Journal. On 10/10/18, the Prime Rate was 5.25%. Rate determined by available line of credit as low as the following: $99,000 or more, Prime; $50,000-$98,999, Prime plus .25%; $25,000-$49,999, Prime plus .75%; $5,000-$24,999, Prime plus 1.50%. Listed rates are for qualified members who borrow up to 80% of their homes’ equity. Amount financed is subject to credit and property approval. Homeowner's insurance is required. Maximum APR: 18%. Minimum APR as low as 3.99%. Initial advance of at least $5,000 is required at the time of loan disbursement. Subsequent advances must be at least $500. Minimum monthly payment $120. A $50 annual fee is waived the first year and then becomes effective for the remaining four years of the draw period. If you close your line of credit within two years of its opening, you will be required to reimburse the credit union for certain third party fees up to a maximum of $500.

Interest-only Home Equity Lines of Credit

Account Type or Minimum Balance Term APR
$99,000 or more n/a As low as Prime plus .25%
$50,000 to $98,999 n/a Prime plus .50%
$25,000 to $49,999 n/a Prime plus 1.00%
$5,000 to $24,999 n/a Prime plus 1.75%

Rate can change on the first of each month and is based on the Prime Rate as published in the Wall Street Journal. On 10/10/18, the Prime Rate was 5.25%. Rate determined by available line of credit as low as the following: $99,000 or more, Prime plus .25%; $50,000-$98,999, Prime plus .50%; $25,000-$49,999, Prime plus 1.00%; $5,000-$24,999, Prime plus 1.75%. Listed rates are for qualified members who borrow up to 80% of their homes’ equity. Amount financed is subject to credit and property approval. Homeowner's insurance is required. Maximum APR: 18%. Minimum APR as low as 3.99%. Initial advance of at least $5,000 is required at the time of loan disbursement. Subsequent advances must be at least $500. Minimum monthly payment during principal balance plus interest repayment period is $120. A $50 annual fee is waived the first year and then becomes effective for the remaining nine years of the draw period. If you close your line of credit within two years of its opening, you will be required to reimburse the credit union for certain third party fees up to a maximum of $500.


Mortgages

In addition to the mortgage products listed below, the credit union also offers mortgages for purchases including 30-year fixed-rate mortgages. Rates on these products are subject to change daily. For more information regarding long-term mortgages including current rates, please call Aaron Gitler at (773) 305-5626. For more information about our short-term mortgages, click here.

Short-Term, Fixed-Rate Mortgages

Term APR
60 months 3.75% (3.804% APR)
84 months 3.75% (3.790% APR)
120 months 3.85% (3.880% APR)

Minimum loan amount is $15,000. 10-year mortgage product availability dependent on availability of designated funds. Loans are repayable in equal monthly installments over the term of the loan. Example: Monthly payment on a $75,000 loan at 3.85% (3.880% APR for 120 months is $754.10. Total finance charge: $15,586.34. Total loan cost: $90,675.37. Listed rates are for qualified members who borrow up to 80% of their homes’ current market value. Amount financed is subject to credit and property approval. Homeowner's insurance is required. For loans not exceeding $250,000, closing costs will be a maximum of $250 plus the actual cost of an appraisal if it is determined an appraisal is needed. For loans exceeding $250,000, closing costs will be the actual costs. Should it be determined that an appraisal is necessary, you will be charged the appraisal fee at the credit union’s cost.


Vehicle Loans

Reduce your vehicle loan rate from the rates listed below by .10% with our relationship discount. To qualify, you must have a Central Credit Union Of Illinois checking account, real estate loan, vehicle loan or Visa Platinum at the time you disburse your vehicle loan. Members with Platinum Premiere Visa cards can redeem 5,000 Premiere Points and reduce their rates by an additional .25%.

Vehicle Year(s) Term APR
2016, '17, '18 & '19 Models 24 Months As low as 3.59%
2016, '17, '18 & '19 Models 36 Months As low as 3.59%
2016, '17, '18 & '19 Models 48 Months As low as 3.59%
2016, '17, '18 & '19 Models 60 Months As low as 3.59%
2016, '17, '18 & '19 Models 72 Months As low as 3.99%
2016, '17, '18 & '19 Models 84 Months (New purchases only) As low as 4.09%
2015 Models 60 Months As low as 4.05%
2015 Models 72 Months As low as 4.55%
2014 Models 60 Months As low as 4.15%
2012, '13 Models 60 Months As low as 6.00%
2010, '11 Models 48 Months As Low As 7.85%

Listed rates are for up to 110% financing for qualified members. APR may vary based on creditworthiness. At the listed rates, the credit union will finance up to 110% of the manufacturer's suggested retail price less any manufacturer's rebate for new vehicles and up to 110% of the NADA book retail price for used vehicles for qualified members. Members who have a Central Credit Union checking account, real estate loan, vehicle loan or Visa Platinum at the time they disburse their vehicle loans will qualify for a .10% member relationship discount. Members with Platinum Premiere Visa cards can redeem 5,000 Premiere Points and reduce their rates by an additional .25%. Loans are repayable in equal monthly installments over the term of the loan. Example: Monthly payment on a $20,000 loan at 3.49% APR (includes .10% relationship discount) for 60 months is $363.75. Total finance charge: $1,824.98. Total loan cost: $21,824.98. Refinances not valid for existing Central Credit Union loans. Secretary of State retitling fee will be added to the loan balance of members who refinance. 84-month loans available for new car purchases or refinances of new cars purchased within one year.


Visa Platinum Cards

Account Type or Minimum Balance Term APR
First-Rate Platinum Visa n/a 9.90% APR to 18% APR when you open your account based on your creditworthiness
Platinum Premiere Visa n/a 12.6% APR to 14.7% APR when you open your account based on your creditworthiness
C3 Visa n/a 14.7% APR
Secured Visa Platinum n/a 20.00% APR

The information about the costs of the cards described above is accurate as of 11/16/18 and is subject to change at any time. To find out what information may have changed, call us at (708) 649-6430 or at (800) 750-3660 if outside Chicago area.


Visa Fees

Type of Fee Fees
Late Payment Fee Up to $25
Over-Limit Fee Up to $25
Returned Check Fee Up to $25
Draft Copy Fee $5
Statement Copy Fee $3
Card Pick-Up Fee $65
Card Replacement Fee $10
Cash Advance For ATM Transactions And Non-Check Advances (Excluding Balance Transfers) Either $3 or 3% of the amount of the transaction, whichever is greater
Foreign Transaction 2% of each transaction in U.S. dollars
   

Real Estate Fees

Type of Fee Fees
Modification Fee For Closed-End Real Estate Loans $250
Subordination Fee $200

 

Rates on this page are accurate as of 12/12/18 and are subject to change at any time.