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To apply, please call the Loan Department at (708) 649-6420.

(708) 649-6400
1001 Mannheim Road, Bellwood, Illinois 60104
9850 W 159th Street, Orland Park, Illinois 60467



Loan Rates


Share Secured and Personal Loans

Account Type APR
Share Secured Loans
         Loans $2,000 Or More 3.55%
         Loans Less Than $2,000 6.05%
Personal Loans As low as 7.90%
Overdraft Protection 18.00%


Home Equity Loans

Fixed Rate Home Equity Loans* Terms 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%

Variable Rate Home Equity Lines of Credit** APR
$99,000 Or More As low as Prime
$50,000 to $98,999 As low as Prime plus .25%
$25,000 to $49,999 As low as Prime plus .75%
$5,000 to $24,999 As low as Prime 1.50%

Interest-Only Home Equity Line of Credit*** APR
$99,000 Or More Prime plus .25%
$50,000 to $98,999 Prime plus .50%
$25,000 to $49,999 Prime plus 1.00%
$5,000 to $24,999 Prime plus 1.75%

*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.

**Rate can change on the first of each month and is based on the Prime Rate as published in the Wall Street Journal. On 6/15/17, the Prime Rate was 4.25%. 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.

***Rate can change on the first of each month and is based on the Prime Rate as published in the Wall Street Journal. On 6/15/17, the Prime Rate was 4.25%. 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.

For more information, please see our Home Equity Loans page.


Home Mortgages

In addition to the mortgage products listed below, the credit union also offers longer-term mortgages 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 Jim Kisel at (773) 305-7041.
For more information about our short-term mortgages, click here.

Short-Term, Fixed-Rate First Mortgages*
(Borrow up to 50% of your home's value)
APR
60 Months Unavailable at this time
84 Months Unavailable at this time
120 Months Unavailable at this time

Short-Term, Fixed-Rate First Mortgages**
(Borrow up to 80% of your home's value)
APR
60 Months 2.80% (2.855% APR)
84 Months 2.80% (2.841% APR)
120 Months 2.90% (2.930% APR)

5/1 Adjustable Rate Mortgages***
APR Unavailable at this time

*Currently unavailable.

**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 2.90% (2.930% APR for 120 months is $720.86. Total finance charge: $11,597.50. Total loan cost: $86,502.50. 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.

***Currently unavailable.


Vehicle Loans

You can reduce your vehicle loan rate from the rates listed below by .10% with our relationship discount. To qualify, you must have a checking account, real estate loan, vehicle loan or Visa Platinum with us 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%.

Model Year Terms
2015, '16 & '17 Models As Low As... 2.34% APR for 24 Months
2.34% APR for 36 Months
2.34% APR for 48 Months
2.34% APR for 60 Months
2.74% APR for 72 Months
2.84% APR for 84 Months
(New purchases only)
'14 Models As Low As...

2.80% APR for 60 Months

  3.30% APR for 72 Months
'13 Models As Low As... 2.90% APR for 60 Months
'11 & '12 Models As Low As... 4.75% APR for 60 Months
'09 &'10 Models As Low As... 7.30% APR for 48 Months

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 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 2.34% APR for 60 months is $353.57.  Total finance charge: $1,214.04.  Total loan cost: $21,214.04. 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. Your loan must be disbursed by the credit union. 84-month loans available for new car purchases or refinances of new cars purchased within one year.

For more information, please see our Vehicle Loans page.


Visa Platinum Cards

Account Type Annual Percentage Rate (APR)
For Purchases, Cash Advances and Balance Transfers
First-Rate Platinum Visa 9.9% to 18% when you open your account based on your creditworthiness.
Platinum Premiere Visa 12.6% to 14.7% when you open your account based on your creditworthiness.
C3 Visa 14.7%
Secured Visa Platinum 19%

For additional important rate and fee information for Visa Platinum Accounts, please click here. The information about the costs of the cards described above is accurate as of 7/23/17 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.

Rates accurate as of 7/26/17 and are subject to change at any time.


Fees

Visa 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
Modification Fee for Closed-End Real Estate Loans $250
Subordination Fee $200


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