Rates

* APY = Annual Percentage Yield. Certificate Yields assume dividends remain in account until maturity; penalty imposed for early withdrawal. Fees may reduce earnings.

1. Additional deposits of $50.00 or more allowed.
2. Additional deposits of $500.00 or more allowed during initial term only.
3. Additional deposits of $15.00 or more allowed.

† Offer details current as of 7/20/2021 for an eligible Share Certificate (certificate) account that has an open or auto-renewal (rollover) date on or after 7/20/2021. The advertised certificate dividend rate increase can be earned for members who have an “Active Checking” account. Active Checking account is defined as a checking account that has at least one (1) direct deposit or ACH deposit (excluding telephone, teller or dividend posting transactions) during the monthly Statement Cycle (statement cycle period is 12:00 am on the first day of each month and ends at 11:59 pm on the last day of each month). For a Statement Cycle during which the Active Checking account deposit requirement is not met, the certificate will earn the base rate that was set at the account opening or rollover date. The certificate dividend rate increase is earned on a month-by-month basis and disclosed as the Annual Percentage Yield Earned (APYE). The APYE, on a monthly basis, calculates both the certificate base rate and the certificate dividend rate increase as earned. Both the certificate and the checking account must be held by the primary account owner to be eligible for the certificate dividend rate increase. The checking account must be open and in Good Standing, as defined in the SMCU Account Agreement, to earn the certificate dividend rate increase for each month. This offer cannot be combined with any other certificate rate increase offer and not all certificates may be eligible. Offer is subject to change or removal at any time without notice. Penalties may be imposed for early withdrawal and fees may reduce earnings. Please ask an SMCU representative for complete offer details, conditions, and restrictions.

* APY = Annual Percentage Yield as of 3/1/2020; subject to change. 1.00% APY paid on the first $50,000 in average daily balances and 0.05% APY paid on any average daily balances above $50,000 if three monthly (statement cycle) requirements are met, as follows: (1) 10 or more debit card purchases or debit card payments are posted (ACH/bill pay payments and ATM transactions are not counted toward the monthly requirement), (2) one direct deposit, payroll deposit, or external ACH transfer is received, (3) eStatements are selected. All requirements must be applied to the Premium Checking account. If the monthly (statement cycle) requirements are not met in their entirety, the APY paid will be 0% for that statement cycle. Limit one (1) Premium Checking account per membership. Visit smcu.org/checking for more details.

Rates are effective 05/29/2022. Rates, terms, conditions, and availability are subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an offer or commitment to rate or to lend. All loans are subject to credit and property approval. 
*APR means Annual Percentage Rate. Advertised rates are stated for term including applicable points and customary closing costs at a 35 day lock.
Conforming rates are based on a $200,000 loan, High Balance rates based on a $650,000 loan and Jumbo rates are based on a $975,000 loan.
All rates are based on the following:
Owner occupied, California, single family home, no cash-out with 740 credit score and 60% loan-to-value. Additional pricing may apply if the loan amount requested is outside these criteria. All loans subject to credit, income, debt and property qualification. All applicants subject to credit union membership eligibility; membership is required.
Adjustable Rate Mortgage (ARM) Rates: The APR for the ARM loans are based on the United States Treasury securities adjusted to a constant maturity (CMT) of 1 year for the following loan products (if available): 3/1, 7/1 and 10/1 ARMS or the 5 year CMT for the 5/5 ARM product or the 10 year CMT for the 10/10 ARM as made available by the Federal Reserve Board. 3/1, 5/1 and 5/5 ARM products offer 2% Initial and Annual Maximum Adjustment. Maximum APR during the life of the loan will not exceed the APR in effect at the time of funding by more than 5% over the initial start rate. The 7/1 and 10/1 ARM products offers 5% Initial and 2% Annual Maximum Adjustment. Floor rate will not drop below the margin. 

1. APR = Annual Percentage Rate.
2. APR = Annual Percentage Rate. Introductory rates vary based on credit qualifications and are not available for all credit tiers. Introductory APR only applies to purchases and will not apply to balance transfers or cash advances.
3. The Visa Secured card requires 110% of your credit limit to be held in a savings account as collateral.

* APR = Annual Percentage Rate.

* APR = Annual Percentage Rate. Advertised rates are “floor rates” and previously-listed discounts cannot cause the rate to go any lower than the advertised rate.

* APR = Annual Percentage Rate.

* APR = Annual Percentage Rate.