PRODUCT DISCLOSURES

MORTGAGE LENDING DISCLOSURES

 


Home Equity Loan:  *APR = Annual Percentage Rate.  4.75% APR effective as of December 1, 2018 and is subject to change.  No manufactured homes or condos.  Loan payment based on term.  Member must provide hazard insurance coverage.  ** Minimum balance of $15,000 required for free appraisal.  A fee recoupment will be collected if you payoff and close the loan within the first 36 months if there were out-of-pocket costs paid by Community 1st.  All loans subject to credit approval and other underwriting criteria.  NMLS #403439


Conventional Mortgage:  *APR = Annual Percentage Rate. APR effective as of December 1, 2018 and is subject to change. APR is based on type of loan, credit score, and LTV. Financing available on all owner and non-owner occupied homes in WA State. No condos. Borrow up to 65% - 80% of appraised value based on type of home/property not to exceed $417,000.00. Only first liens are eligible. Loan payment based on term. Member must provide hazard insurance coverage. Impound account required. All loans are subject to credit approval and other underwriting criteria. NMLS #403439

Home Equity Line of Credit:  *APR = Annual Percentage Rate.  3.99% APR is floor rate on our 80% combined loan to value Home Equity Line of Credit.  Variable rate on Premier Equity Line of Credit may change monthly and is based on Prime Rate published in the Wall Street Journal with added margin of 0% - 4% based on your credit history.  In no event will the regular APR be less than 3.99% floor or more than the lesser of 18% per annum or the maximum rate allowed by applicable law.  Payments calculated on 1.5% of existing balance ($100 min).  **Minimum opening balance of $15,000 required for free appraisal.  A fee recoupment will be collected if you payoff and close the loan within the first 36 months if there were out-of-pocket costs paid by Community 1st.  All loans subject to credit approval and other underwriting criteria.  NMLS #403439


Simple Mortgage:  *APR = Annual Percentage Rate.  APR effective as of December 1, 2018 and is subject to change.  Financing available on all owner-occupied homes in WA State, not currently financed at Community 1st.  No manufactured homes or condos.  Borrow up to 70% of appraised value not to exceed $150,000.  Minimum loan amount is $30,000.  Only first liens are eligible.  Loan payment based on term.  Member must provide hazard insurance coverage. **If the mortgage is closed within the first 36 months, all third party costs will be due at payoff.  Full appraisal cost, if required and mutually agreed upon, are not included.  Member pays taxes and insurance.  All loans are subject to credit approval and other underwriting criteria. NMLS #403439


 

CONSUMER LENDING DISCLOSURES

 


Visa Cards: * APR = Annual Percentage Rate. Variable APR will be 12.65% - 18.00% based on your creditworthiness. See the credit card application for terms & conditions.


GO! Auto Approval Program:  APR = Annual Percentage Rate. All rates and terms are subject to change. All loans are subject to approval. Your rate and term are determined by your credit history and loan amount. Rate presented for vehicles is for 2015 and newer. Rates are current as of December 1, 2018. Offers do not apply to existing Community 1st loans and are non-transferable. Interest will accrue during 90 day no payment offer. Other restrictions may apply.

Skip-a-payment: *Not all loans will qualify for the option to skip one payment per 12 months. Skip a pay not valid until after 1st year.

RVs, Boats, and Motorcycles:  * APR: Annual Percentage Rate. Additional rates & terms available. Ask for details. Rates shown are the lowest available rates for the listed terms as of December 1, 2018. Rates & terms are subject to change. All loans subject to approval of credit. Actual rate is determined based upon credit history and loan amount.


Credit Protection:   This product is optional. Your purchase of Credit Protection is optional. Whether or not you purchase this product will not affect your application for credit or the terms of any existing credit agreement you have with Community 1st Credit Union. We will give you additional information before you are required to pay for Credit Protection. This information will include a copy of the contract containing the terms and conditions of Credit Protection. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving Credit Protection benefits. You should carefully read your Credit Protection contract for a full explanation of the terms and conditions of the Credit Protection plan.


Unsecured Loans: All loans subject to approval of credit and our lending policies. Your interest rate based on your credit history. Your term is based on your purchase price and/or loan amount.


Holiday Loan: Maximum term for holiday loan is 12 months. Rate is 2% lower than published Signature loan rates based on your credit history and subject to approval. Cannot be combined with existing holiday loan. Offer ends 12/31/2018.


 

SHARE, SHAREDRAFT, MONEY MARKET, & CD DISCLOSURES

 


Personal Checking:  $5 statement monthly fee if eStatements not activated. eStatements are free-of-charge.

Required minimum opening deposit of $5 to establish membership. Minimum opening deposit of $25 required on checking accounts. Disclosure of rates & fees are available at account opening and upon request.


USPS Early Paycheck:  Federally insured by NCUA. $5 statement monthly fee if eStatement not activated. Required minimum opening deposit of $5 to establish membership. Minimum opening deposit of $25 required on checking accounts. Disclosure of rates and fees are available at account opening and upon request. Early paycheck only applies to current USPS employees and is not guaranteed.


Check Orders: Checks for Less is not operated by Community 1st Credit Union. We are not responsible for the content on their website and we do not represent the third party or the member in any transaction. Checks for Less privacy & security policies may differ from those practiced by Community 1st Credit Union.


Money Market: All Community 1st Money Market Accounts are federally insured and easily accessible by check or funds transfer.
 


CDs: The following rates are current as of November 1, 2018. If you redeem your CD before it matures, you may have to pay an “early withdrawal” penalty or forfeit a portion of the interest you earned.

 


IRAs: The following rates are current as of December 1, 2018. Transaction limitations apply to all Community 1st Savings Accounts, Money Market Accounts, Certificates, and IRAs. If 50 or over, you can contribute an additional $1,000 as a catch-up contribution. The amount of your qualified contribution is based on your adjusted gross income and the IRA you select. Contributions to a Traditional IRA are usually tax deductible. Contributions to a Roth IRA and Coverdell ESA are not, but the earnings are tax-free. Ask your tax adviser for details on contribution limits, allowable deductions and help in determining the right IRA for you. IRAs qualify for additional federal insurance. Penalties for early withdrawal.


 

MISCELLANEOUS DISCLOSURES

 


Scholarships: Applications must be completed and returned no later than the last day of March for each calendar year.


NCUA: Brochure presented by the National Credit Union Administration, July 2013.


Foreclosure:  In order for us to evaluate your eligibility for foreclosure assistance options, you should be prepared to present information necessary to assess your financial ability to meet a modified or restructured loan obligation.

 


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