Rates

Savings Accounts

DescriptionMinimum BalanceDividend RateAPY
Savings Account$0.010.02%0.02%
Christmas Club$0.010.10%0.10%

APY - Annual Percentage Yield
$5.00 minimum balance is required to maintain a Savings Account. Rates listed above are subject to change after the account is opened. Certain fees may apply and may reduce earnings.
(Last Modified: Jun 20, 2018)

 

Checking Accounts

DescriptionMinimum BalanceDividend RateAPY
Essentials CheckingNo minimum balance*No Dividends PaidNo Dividends Paid
Simple CheckingNo minimum balanceNo Dividends PaidNo Dividends Paid
Checking Plus$200.00+0.02%0.02%
Performance Money Market Checking Accounts$200.00 - $2,499.990.02%0.02%
$2,500.00 - $9.999.991.00%1.00%
$10,000.00 - $24,999.991.00%1.00%
$25,000.00 +1.00%1.00%

APY - Annual Percentage Yield
Checking Accounts are earned on the average daily balance and posted quarterly. Rates listed above are subject to change after the account is opened. Dividends on Performance Money Market Accounts are earned on the average daily balance and posted monthly. Certain fees may apply and may reduce earnings.
*Monthly Maintenance Fee applies
(Last Modified: Aug 03, 2018)

 

Share Certificates (CDs/IRAs)

DescriptionTermDividend RateAPY
1-5 months0.50%0.50%
6-11 months0.80%0.80%
12-23 months1.00%1.00%
24-35 months1.30%1.31%
36-47 months1.50%1.51%
48-59 months1.90%1.91%
60+ months2.50%2.52%
Youth and Young Adult Savings Certificates3 month0.50%0.50%
6 month0.80%0.80%
12 month1.00%1.00%
24 month1.30%1.30%
Share Certificates (IRA)1-5 months0.60%0.60%
6-11 months0.90%0.90%
12-23 months1.10%1.10%
24-35 months1.40%1.41%
36-47 months1.60%1.61%
48-59 months2.00%2.02%
60+ months2.60%2.63%
Share IRA.50%.50%
Kickstart IRA**12 months1.10%1.10%

Early withdrawal penalties may apply. At maturity, account is subject to automatic renewal at the rate then in effect for that term. Dividends compounded quarterly.

For Share Certificates: Minimum deposit $250.00.

For Youth/Young Adult certificates: Minimum deposit $100.00 with maximum amount of $3,000.00.

For IRA certificates: Dividends compounded quarterly, certificate minimum balance $250.00, minimum deposit to open $250.00. **Kickstart IRA needs minimum $100.00 to open with a max of $250,000.00. Subsequent deposits allowed.

(Last Modified: Aug 03, 2018)

 

Personal Loans

DescriptionAPR
Personal Loanas low as 7.99%

APR - Annual Percentage Rate
Rate will never exceed 18.00% APR.
As Low As rates listed are our best rates based on approved credit; actual rate offered may be higher depending upon applicant's credit rating and other underwriting factors. All advertised rates are subject to change without notice.
(Last Modified: November 1, 2018)

 

Vehicle Loan Rates

TypeTermAPR
New AutosUp to 36 monthsas low as 2.49%
Financing 37 - 60 monthsas low as 2.99%
Financing 61 - 72 monthsas low as 3.49%
Financing 73-84 monthsas low as 4.19%
Used AutosUp to 36 monthsas low as 2.99%
Financing 37 - 60 monthsas low as 3.29%
Financing 61 - 72 monthsas low as 3.69%
Motor Homes, 5th Wheels, Travel Trailers, 

and Other Secured		Up to 120 months

Minimum to Finance $30,000		as low as 6.99%
Up to 84 months

Minimum to Finance $20,000		as low as 6.49%
Up to 60 months

Minimum to Finance $5,000		as low as 5.99%
Boats85-120 months

Minimum to Finance $30,000		as low as 6.49%
61-84 months

Minimum to Finance $20,000		as low as 5.99%
Up to 60 months

Minimum to Finance $5,000		as low as 5.69%

APR - Annual Percentage Rate
New vehicles are either current or previous year auto with less than 12,000 miles.
Rates listed are best available based on approved credit; actual rate offered may be higher depending upon applicant credit rating and other underwriting factors.
All advertised rates are subject to change without notice.
(Last Modified: February 13, 2019)

 

Other Loan Rates

TypeTermAPR (as low as)
MyLine Anytime9.00%
Overdraft (Discontinued)16.50%
Secured by Share Account or CertificateUp to 36 months

37-60 months		5.99%

6.99%

APR - Annual Percentage Rate
Rates listed are our best rates based on approved credit; actual rate offered may be higher depending upon applicant's credit rating and other underwriting factors. All advertised rates are subject to change without notice.
(Last Modified: November 1, 2018)

 

Visa Credit Cards

DescriptionAPR
Visa® Classic Card16.00%
Visa® Gold Card 

with Bonus Points Program 		11.75%*
Visa® Platinum Card

with Bonus Points Program		9.75%* 
Visa® Firefighter Gold Card11.75%*
Visa® Secured Card16.00%

Please review our New Account Credit Card Agreement.
*APR - Annual Percentage Rate. Cards are subject to credit approval. CPM Federal Credit Union reserves the right to change any of the above credit card rates at any time. The APR will vary with the market based on the Prime Rate.
(Last Modified: December 20, 2018)

 

Mortgage

Mortgage TypeTerm 
First Mortgage10 years

15 Years

20 Years

30 Years		Learn More
ARM Mortgages 15/1 ARM

10/1 ARM

7/1 ARM

5/5 ARM		Learn More
1st Time Homebuyer Program15/1 ARMLearn More
Manufactured HomesUp to 30 yearsLearn More

APR - Annual Percentage Rate
Based on a $100,000 loan amount. 30 day rate lock.
As Low As rates listed are our best rates based on approved credit; actual rate offered may be higher depending upon applicant credit rating and other underwriting factors. All advertised rates are subject to change without notice.
(Last Modified: Sep 20, 2018)

 

HELOC

HELOC OptionTermAPR
Variable Rate10 year draw with a 15 year repaymentDiscount Rate*/ Rate as low as

1.99%/4.75%
Fixed Rate5 year draw with a 10 year repaymentRate as low as

4.99%

APR - Annual Percentage Rate. All rates are subject to change without notice.
*Terms and conditions apply. Discount rate is for the initial 6 months, rate will be adjusted to the qualifying tier rate plus prime with a maximum of 18%. Current projected rate after initial discount as low as 4.75% up to 90% LTV. All loan rates are tiered based on credit score unless otherwise stated. No rate will be higher than 18% APR.
"As Low As" rates listed below are our best rates based on approved credit; actual rate offered may be higher depending upon applicant's credit rating and other underwriting factors. All advertised rates are subject to change without notice. See a Branch Representative for more details.
(Last Modified: December 20, 2018)

 

Fees

ItemFeeHow to Avoid
Account Fees
Account Activity Printout/Statement Copy Fee$5.00Sign up for CPM Anytime Online Banking
Account Closure Fee
(Applies if Main Savings Account is closed within 90 days of opening date)		$10.00
Account Research/Balancing Assistance$20.00 per hourSign up for CPM Anytime Online Banking
Bad Address$5.00 per month until updatedSign up for CPM Anytime Online Banking to update account information
Christmas Club - Early Withdrawal$5.00Open a subshare savings with no fee for withdrawal
Excessive Withdrawal Fee
(3 free withdrawals from Main Savings Account allowed per month)		$2.00 per withdrawalOpen a Checking Account
Inactive Account Fee
(Applies if the account has been inactive for 1 year and member only has a savings account)		$5.00 per monthComplete at least one transaction per year.
International Check Processing Fee$25.00 per item
Non-Sufficient Funds
(NSF, ACH, ATM, Check Card, Internet Bill Pay)		$32.00 each time an item is returned Apply for a Myline Anytime reserve line of credit
Overdraft Privilege Fee (Opt-in required for Paper Notification)$32 per item

$33 with paper notification
Apply for MyLine Anytime or Learn More Here
Paper Statement Fee (Free 18 years and under or 55 years and over)$2.00Sign up for eStatements
Transfer of Funds automatically from Savings Account to a Checking Account$2.00Transfer at an ATM, via PAL, CPM Anytime Online Banking, or call our Contact Center up to 6 times per month or apply for a MyLine Anytime line of credit
ATM/Debit Fees
Replace ATM card/Debit card$5.00 (One free replacement per calendar year)
Replace PIN reminders$2.00
Branch Fees
Cashier's/Official Check$3.00 (First per day free)
Stop Payment (Draft, ACH, Internet Bill Pay)$32.00 per item
Checking Fees
Check Copies$2.00 per itemSign up for CPM Anytime Online Banking or eStatements
Checking Plus
Average Daily Balance drops below 

$200.00 min. balance		$3.00Change account to 
Simple Checking
Essentials Checking
Monthly Maintenance Fee		$5.95
Performance Money Market
Average Daily Balance drops below

$1,000 min. balance

$10.00Change account to 
Checking Plus or 
Simple Checking
Performance Money Market - Excessive Withdrawals (over 6 per month)$10.00Change account to 
Checking Plus or 
Simple Checking
Checks - Temporary (Waived if member places order with us on the same day for full box of checks)$5.00 for sheet of 4 checksOrder box of checks
Loans
CARFAX History Report$10.99
Payoff - Signed payoff letter on letterhead for consumer loan.

$10.00Online banking from a desktop supports “Calculate Loan Payoff Amount” under your loan’s Account Details. You may also obtain a system payoff printout from our branches for free.
Payment by phone - if processed by Contact Center Agent$21.00Sign up for CPM Anytime Online Banking and make transfers online or through PAL
Skip-a-Pay fee (Offered Seasonally)$25.00
Miscellaneous
ACH fee per deposit for manually posting deposits due to incorrect routing info$10.00Contact your HR to correct deposit information.
Foreign Checks Deposited and Returned Unpaid (Savings, checking, Loan)$10.00
Gift Card Purchase$3.00
Legal Process (Tax levy, garnishment, etc.)$50.00
Money Orders (available in Beaufort & Orangeburg only)$1.00 per item
Stale Check locator fee$10.00
Online Banking Token service for 5 years *Optional$20.00
Mortgage
Payoff by Third Party$20.00
Mortgage Subordination$50.00
Mortgage Verification (VOD)$20.00
Mortgage Modification$100.00
Safe Deposit Boxes:

10 x 10: $85.00

3 x 10: $40.00

3 x 5: $25.00

5 x 10: $55.00

$5 discount for members age 55 and better

Change Lock/New Key -

Locksmith fees

Drill Box -

Locksmith fees
VISA
Card Recovery$50.00
Card Replacement$5.00
Document Copy$2.00 per copy
Payment by phone - if assisted by Card Processor$10.00Sign up for CPM Anytime Online Banking and make transfers online or through PAL
Payment Late Feeup to $25.00
Payment Return Checkup to $25.00
Wires
Incoming Domestic Wire Transfer$10.00
International Incoming Wire$10.00
Outgoing Foreign Wire Transfer$40.00
Outgoing Wire Transfer$15.00Sign up for PopMoney through online banking
(Last Modified: Aug 01, 2018)

 

Non-Member Fees

The following fees are for Non-Members only:
ATM surcharge for non-members/at SEGS$3/$2Open a Checking Account or a Share account with CPM
Coin Counter Fee (non-members only)10% of cash valueOpen a Share account with CPM
(Last Modified: Jan 03, 2017)

 

Exclusively for our Members:

  
First Cashier Check Each DayFREE
Notary ServicesFREE
Popmoney (person-to-person) TransfersFREE
Bill Payer ServicesFREE
Credit Counseling ServicesFREE
Infant Account Membership Par Value (for infants up to 6 months)FREE
Member Discounts Services thru lovemycreditunion.comFREE
Coin Counter Services (at applicable locations)FREE
Company Hosted Financial Seminars for our MembersFREE
Over 60,000 Surcharge Free ATMsFREE
eStatementsFREE
Telephone & Online BankingFREE
Budget & Financial Calculators OnlineFREE
Drive-thru Goodies (Lollipops for kids, dog treats for pups)FREE
Unlimited use of the branch teller transactions during business hoursFREE
Quicken Integration with Online BankingFREE

Subject to change without notice. This offer will only apply to our standard image checks and will not include any customization.
(Last Modified: Jan 03, 2017)