Rates

Savings And Checking Account Rates

Rates effective as of 06/01/13
This schedule contains rates applicable to specified accounts and is incorporated as a part of your account agreement with Credit Union of Southern California.

Savings Accounts

1 APY is Annual Percentage Yield.

2 For minors, the minimum to earn dividends is $1.00.

3 IRA savings include Traditional, Roth, & Coverdell Education IRA

4 Restricted by law to school district employees.

The above rates are variable, subject to change without notice, and are all anticipated rates and annual percentage yields for the current dividend period.


Type Minimum
Opening Balance
Minimum to
Earn Dividend
Dividend
Rate
APY1
Regular Savings2 $10 $500 0.10% 0.10%
Sub-Savings/IRA Savings2,3 $5 $500 0.10% 0.10%
Deferred Compensation4 $10 $1.00 0.45% 0.45%
Holiday Saver $10 $1.00 0.30% 0.30%
Summer Saver $50 $1.00 0.30% 0.30%

Money Market Account

1 APY is Annual Percentage Yield.

The above rates are variable, subject to change without notice, and are all anticipated rates and annual percentage yields for the current dividend period.

Account Type Minimum
Opening
Balance
Minimum
to Earn
Dividend
Dividend
Rate
APY1
Money Market, $2,500 – $14,999 $2,500 $2,500 0.15% 0.15%
Money Market, $15,000 – $24,999 $15,000 $15,000 0.20% 0.20%
Money Market, $25,000 – $49,999 $25,000 $25,000 0.25% 0.25%
Money Market, $50,000 – $99,999 $50,000 $50,000 0.30% 0.30%
Money Market, $100,000 + $100,000 $100,000 0.40% 0.40%

E-Z Earn Checking Account

1 APY is Annual Percentage Yield.

To earn the E-Z Earn Checking dividend rate you must have ten (10) signature-based and/or PIN based debit card purchases each monthly statement cycle. If the requirement is not met, you will earn .05% APY on your checking account balance.

The above rates are variable, subject to change without notice, and are all anticipated rates and annual percentage yields for the current dividend period.

Minimum
Opening Balance
Minimum to
Earn Dividend
Dividend
Rate
APY1
$100 $.01 0.35% 0.35%

Value+ Checking Account

1 APY is Annual Percentage Yield

The above rates are variable, subject to change without notice, and are all anticipated rates and annual percentage yields for the current dividend period.

Account Type Minimum
Opening
Balance
Minimum
to Earn
Dividend
Dividend
Rate
APY1
$5,000 – $14,999 $5,000 $5,000 0.05% 0.05%
$15,000 – $24,999 $15,000 $15,000 0.10% 0.10%
$25,000 – $49,999 $25,000 $25,000 0.15% 0.15%
$50,000 and up $50,000 $50,000 0.25% 0.25%

Value Checking Account

1 APY is Annual Percentage Yield

Range Minimum
Opening Balance
Minimum to
Earn Dividend
Dividend Rate APY1
$0.00 and up N/A N/A N/A N/A

Six Month Access Certificate

Six Month Access Certificate is a tiered fixed-rate account that will earn the stated dividend rate for the duration of the account term. Allows penalty-free withdrawals (as allowable per Federal Regulation D) and deposits at any time.

1 APY is Annual Percentage Yield.

Six Month Access Certificate is a tiered fixed-rate account that will earn the stated dividend rate for the duration of the account term. Allows penalty-free withdrawals (as allowable per Federal Regulation D) and deposits at any time.

Amount Minimum
Opening Balance
Minimum to
Earn Dividend
Dividend Rate APY1
$15,000 – $49,999 $15,000 $15,000 0.15% 0.15%
$50,000 – $99,999 $50,000 $50,000 0.15% 0.15%
$100,000 – $149,999 $100,000 $100,000 0.30% 0.30%
$150,000 + $150,000 $150,000 0.40% 0.40%

Regular and Minor Certificates

The range of certificate rates listed below reflect, at the low end, the Regular Dividend Rate available to Members with less than $15,000 in combined savings and loan balances and, at the high end, the Maximum Dividend Rate (Regular Dividend Rate + .10%) available to Members with combined savings and loan balances of $15,000 or more. Certificates are fixed accounts that will earn the stated dividend rate for the duration of the account term. A penalty may be imposed for early withdrawals.

1 APY is Annual Percentage Yield.

2 For Traditional and Roth IRAs, the minimum term is 12 months. Coverdell Education IRAs are only available in 12-month terms.

3 For Traditional, Roth and Coverdell Education IRAs, the minimum opening balance and minimum to earn dividends is $25.

4 For Minor Certificates, the minimum term is 12 months; the minimum opening balance and minimum to earn dividends is $250.

Length
of Certificate
Minimum
Opening Balance
Minimum to
Earn Dividend
Dividend Rate APY1
1 month $7,500 $7,500 0.10% – 0.20% 0.10% – 0.20%
3 month $1,000 $1,000 0.10% – 0.20% 0.10% – 0.20%
6 month $1,000 $1,000 0.10% – 0.20% 0.10% – 0.20%
12 month24 $1,00034 $1,000 0.15% – 0.25% 0.15% – 0.25%
18 month $1,000 $1,000 0.35% – 0.45% 0.35% – 0.45%
24 month $1,000 $1,000 0.35% – 0.45% 0.35% – 0.45%
30 month $1,000 $1,000 0.30% – 0.40% 0.30% – 0.40%
36 month $1,000 $1,000 0.55% – 0.65% 0.55% – 0.65%
48 month $1,000 $1,000 0.75% – 0.85% 0.75% – 0.85%
60 month $1,000 $1,000 1.00% – 1.10% 1.00% – 1.10%



Real Estate Loan Rates

Mortgage & Equity Loans:
 
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Business Loan Rates

Investment Property Loan

CU SoCal is pleased to offer competitive Investment Property loan rates.
Learn more about CU SoCal’s Investment Property Loans.

Contact our Director of Business Lending:

Dexter De Mesa
562.365.1888
562.325.4135 (cell)
DDeMesa@CUSoCal.org

SBA Loan Rates

SBA 7(a)

1A 10% borrower investment required.

2Loan and line of credit amounts subject to credit qualification and appraised property value.

3Prime Rate: The Current Index Value is the lowest Prime Rate as published in the Money Rates section of The Wall Street Journal in effect on the first business day of the month immediately preceding the first day of each calendar quarter of each year. Current Index Value: 3.250%.

4 The Margin is the percentage points added to the Current Index Value to calculate the interest rate at each adjustment. The Margin remains stable over the life of the loan.

5 Payment factor is based on the FULL RATE for 83 payments for SBA 7(a) term < 7 years and 300 payments for SBA 7(a) term 7-25 years.

Program Maximum
LTV1
Min/Max
Loan Amount2
Prime Rate3 Margin4 Full Rate Est. Payment
per $100,0005
SBA 7(a)
(term < 7 years)
90% $100,000 to
$2,000,000
3.250% 2.250% 5.500% $1,451.21
SBA 7(a)
(term 7-25 years)
90% $100,000 to
$2,000,000
3.250% 2.750% 6.000% $644.30

Business Express Line of Credit

1A 10% borrower investment required.

2Loan and line of credit amounts subject to credit qualification and appraised property value.

3Prime Rate: The Current Index Value is the lowest Prime Rate as published in the Money Rates section of The Wall Street Journal in effect on the first business day of the month immediately preceding the first day of each calendar quarter of each year. Current Index Value: 3.250%.

4 The Margin is the percentage points added to the Current Index Value to calculate the interest rate at each adjustment. The Margin remains stable over the life of the loan.

5 Payment factor is based on the FULL RATE for 83 payments for SBA 7(a) term < 7 years and 300 payments for SBA 7(a) term 7-25 years.

Program Maximum LTV1 Line Amount2 Prime Rate3 Margin4 Full Rate Est. Payment
per $100,0005
Business Express
Line of Credit
(<$50,000)
100% $25,000 to
$49,999
3.250% 6.500% 9.750% Interest Only 2 years
5 years amortizing
7-year term
Business Express
Line of Credit
(>=$50,000)
100% $50,000 3.250% 4.500% 7.750% Interest Only 2 years
5 years amortizing
7-year term

Rates and Terms

The rates and prices quoted above are effective as of 11/03/10, are not guaranteed and are subject to change without notice. Other terms and conditions may apply. For more information, please call the SBA Loan Officer at 562.365.1888 or 714.476.0754 (cell).

SBA 7(a)
  • Purpose: Can be used for working capital, fixtures and furniture, machinery, purchase of owner-occupied land and building, or business acquisition.
  • Minimum/Maximum Loan Amounts: $100,000 minimum up to $2,000,000.
  • Maximum Maturity: Working capital = 10 years. Furniture and fixtures / machinery = useful life. Owner-occupied land and building = 25 years.
  • Guarantor Requirements: All parties with ownership of 20% or more.
  • Injection Requirements: 10% down.
  • Collateral: Required.
  • Interest Rate (variable adjusts quarterly): Maturities less than 7 years = Prime plus 2.25 percent; Maturities of 7 years or higher = Prime plus 2.75%.
  • Personal guarantee will be required.
Business Express Line of Credit
  • Purpose: Can be used for working capital. (Note: loans only offered in conjunction with a 7a Loan.)
  • Minimum / Maximum Loan Amounts: $25,000 to $50,000
  • Maximum Maturity: Revolving Line of Credit. 2-year interest-only draw period followed by 5-year repayment at fully amortizing principal and interest payment; 7-year maximum term.
  • Guarantor Requirements: All parties with ownership of 20 percent or more required for guaranty.
  • Injection Requirements: Not required.
  • Collateral: Collateral on 100 percent of the line is required.
  • Interest Rate (Adjusts monthly.): Up to $50,000 = Prime + 6.5 percent; $50,000 and over = Prime plus 4.5 percent.
  • Personal guarantee will be required.

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