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Apply For An Auto Loan Today

Current Rates

CVF Credit Union strives to give you the best possible value for your money with a complete line of banking products and services. As a member-owned financial institution serving the individuals, families, and businesses in the 29 counties we serve. We are committed to providing competitive rates on savings and lower rates on loans to make your life better. For more details download our PDF brochure: Your Insured Funds.

Loan Rates

Effective May 21, 2024. Rates and offers are for new loans only and are subject to change without notice. Loans already financed with CVF Credit Union do not qualify. Call us at (734) 432-0212 for more information.

Autos, Trucks, SUVs, EVs

TYPE OF LOANTERM

ANNUAL PERCENTAGE RATE

(As Low As)*

New Auto

(Model Years 2023-2025)

Apply Online

Up to 60 months

61 to 72 months

73 to 84 months

5.99%

6.24% (Min $15,000)

6.49% (Min $20,000)

Used Auto

(Model Years 2021-2022)

Apply Online

Up to 60 months

61 to 72 months

73 to 84 months

5.99%

6.24% (Min. $15,000)

6.49% (Min. $20,000)

Used Auto

(Model Years 2017-2020)

Apply Online

Up to 36 months

37 to 48 months

49 to 60 months

61 to 72 months

6.49%

6.74%

6.99% (Min. $15,000)

7.49% (Min. $20,000)

Used Auto

(2016 and older, including Classic Cars)

Apply Online

Up to 36 months

37 to 48 months

49 to 60 months

7.49%

7.74% (Min. $10,000)

7.99% (Classic Only, Requires Appraisal)

Example: A loan amount of $40,000 with a rate as low as 5.99% APR for 60 months would have an approximate monthly payment of $773.13.

Boat, RVs, Campers, Travel Trailers

Model YearsTERMANNUAL PERCENTAGE RATE
(As Low As)*
New Recreational (Boats, RVs, Campers, and Travel Trailers)

New

(Model Years 2022-2025)

Apply Online

up to 60 months

61 – 120 months

121 – 180 months

6.99%

7.49% (Min. $20,000)

7.99% (Min. $30,000)

Used

(Model Years 2019-2021)

Apply Online

 

Up to 60 months

61 – 120 months

121 to 180 months

7.49%

7.99% (Min. $20,000)

8.49% (Min. $30,000)

Used

(Model Years 2018 and older)

Apply Online

Up to 60 months

61 – 120 months

121 to 180 months

8.49%

8.99% (Min. $20,000)

9.49% (Min. $30,000)

Example: A loan amount of $40,000 with a rate as low as 6.99% APR for 60 months would have an approximate monthly payment of $791.86.

Motorcycles, Powersports, ATVs, Snowmobiles

Model YearsTERMANNUAL PERCENTAGE RATE
(As Low As)*
Powersports (Motorcycles, ATV, Personal Watercraft, Snowmobiles)

New

(Model Years 2023 thru 2025)

Apply Online

up to 60 months

61 to 84 months

85 to 96 months

97 to 120 months

6.99%

7.24% (Min. $15,000)

7.49% (Min. $20,000)

8.49% (Min. $20,000, Motorcycle only)

Used

(Model Years 2022 and older)

Apply Online

up to 60 months

61 to 72 months

73 to 84 months

7.49%

7.74% (Min. $15,000)

7.99% (Min. $20,000)

Example: A loan amount of $40,000 with a rate as low as 6.99% APR for 60 months would have an approximate monthly payment of $791.86.

Secured, All Purpose, Tuition, Line of Credit

TYPE OF LOANTERM

ANNUAL PERCENTAGE RATE

(As Low As)*

Unsecured (All Purpose) Closed End

 

up to 24 months

25 to 48 months

49 to 60 months

11.99% (Min. $1,000)

11.99% (Min. $2,000)

11.99% (Min. $2,500)

Share Secured

up to 60 months

61 to 84 months

85 to 120 months

5.75%

6.00% (Min. $10,000)

6.25% (Min. $25,000)

Certificate of Deposit SecuredNot to exceed certificate maturityCertificate Rate + 3.00%
Tuition (Checks payable to the schools)12 months7.99%
Unsecured Overdraft Line of Credit11.75% (Min. $500)

Example: An unsecured closed end loan amount of $2,000 with a rate as low as 11.99% APR for 36 months would have an approximate monthly payment of $66.42.

Credit Card

AccountVariable Rate. Please read disclosure.ANNUAL PERCENTAGE RATE
(As Low As)*
PlatinumRate Disclosure0.00% 1st 6 months then as low as 13.99%

Signature

CC Rewards

Affinity

Rate Disclosure

Rate Disclosures

Rate Disclosures

0.00% 1st 6 months then, as low as 15.99%

0.00% 1st 6 months, then as low as 15.99%

0.00% 1st 6 months, then as low as 15.99%

Home Equity

AccountANNUAL PERCENTAGE RATE
(As Low As)*
HELOC8.25%

*Annual Percentage Rate. The Home Equity Line of Credit (HELOC) is a variable rate loan based on the Wall Street Journal Prime Rate, plus or minus an index, and can change quarterly. Regular HELOC rate for A+ credit is currently as low as 8.25% APR.  Ask us for  “Important Terms” and view historical rates and payment examples. Your actual rate and index will be based on your credit score and combined loan to value. The rate floor for A+ credit and 80% LTV is 8.25% APR. The maximum rate is 18.00% APR. The minimum loan for this Home Equity Line of Credit is $10,000.  Appraisal fee of approximately $500 is due at time of application. Assumes A+ credit and 80% Combined Loan to Value. Your fee may be more or less depending on property and appraisal required.

*Annual Percentage Rate (APR). Individual rates vary and are dependent on individual credit history and other factors including LTV and term. 

Savings Rates Rates

Effective May 21, 2024. Rates are subject to change without notice. Call us at (734) 432-0212 for more information.

Savings, Checking, Youth, Club

Dividends are paid quarterly based on previous quarter rates.

SHARESDIVIDEND RATEANNUAL PERCENTAGE YIELD
Savings (Shares) Accounts0.05%0.05%
Checking (Draft) Accounts0.00%0.00%
Youth Accounts (16 years of age or under)
$0.01 to $1,000.001.00%1.00%
$1,000.01 and up0.05%0.05%
Club Accounts0.05%0.05%
IRA Shares (Traditional, Roth & ESA)0.15%0.15%

Annual Percentage Yield (APY). APY may change before or after the account is opened. Fees may reduce earnings. Fee Schedule is now available in online banking.

Certificates of Deposit & IRAs

IRA/SHARE CERTIFICATESDIVIDEND RATEANNUAL PERCENTAGE YIELD
Rates are subject to change without notice.
1-year Certificate4.00%4.06%
2-year Certificate3.50%3.55%
3-year Certificate3.50%3.55%
4-year Certificate3.50%3.55%
5-year Certificate3.50%3.55%

Annual Percentage Yield (APY). APY subject to change without notice. Minimum to open: $500 for IRA certificates. Fees may reduce earnings; subject to penalty for early withdrawal. 13-month CD Special rate does not apply for IRA certificates. Fee Schedule is now available in online banking.

Money Market

MONEY MARKETDIVIDEND RATEANNUAL PERCENTAGE YIELD
$0 – $2,499.990.00%0.00%
$2,500 – $24,999.991.00%1.00%
$25,000 – $74,999.991.25%1.26%
$75,000 – $149,999.991.50%1.51%
$150,000 – $249,999.991.75%1.76%
$250,000 +2.00%2.02%

Annual Percentage Yield (APY). APY may change before or after the account is opened. Fees may reduce earnings. Fee Schedule is now available in online banking.