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Rates

Rates

 

Mortgage Rates

TERMPointsAPR*Monthly Payment Per $1,000
30 Year Fixed03.125%$4.28
20 Year Fixed03.00%$5.55
15 Year Fixed02.875%$6.85
5/1 Adjustable Rate Mortgage (up to 417,000)03.25%$4.35
5/1 Adjustable Rate Mortgage (417,000 and above)03.50%$4.49
*30/20/15 year fixed rate
Finance rates and APRs are valid as of 04/7/2020 and are subject to change without notice. As of 04/7/2020, a sample $100,000, 15 year fixed-rate conforming mortgage APR is 2.875% with a monthly payment of $6.85 per thousand. APRs are subject to change. Estimated monthly payment does not include taxes and insurance premiums, and the actual monthly payment will be greater. Program is available in New Jersey and eastern Pennsylvania for single family, owner occupied homes and for 2-4 family, owner-occupied homes with a minimum loan amount of $100,000 and a maximum equal to conforming loan limits. Mortgage must be in first lien position.


5/1 Adjustable-rate mortgage (ARM)
Finance rates and APRs are valid as of 04/7/2020 and are subject to change without notice. As of 04/7/2020, a sample $100,000, 5/1 ARM conforming mortgage APR is 3.250% with a monthly payment of $4.35 per thousand. APRs are subject to change. Estimated monthly payment does not include taxes and insurance premiums, and the actual monthly payment will be greater. Program is available in New Jersey and eastern Pennsylvania for single family, owner occupied homes and for 2-4 family, owner-occupied homes with a minimum loan amount of $100,000 and a maximum equal to conforming loan limits. Mortgage must be in first lien position. First adjusted interest rate cap 2.00%, Subsequent adjusted interest rate cap 2.00%, rate adjustment frequency of 12 months.

Unsecured Personal Loan

Term Months APR* (Annual Percentage Rate)
12 mos.as low as12.24%
24 mos.as low as12.24%
36 mos.as low as12.24%
48 mos.as low as12.49%
60 mos.as low as12.49%
*APR =Annual Percentage Rate. Rates are subject to change without notice. Rates are for qualified members only. Rates may vary depending on credit, loan amount, and loan term. A $99 documentation fee will apply. If you borrow the maximum amount of $15,000.00 at 12.24% for a 60 month term, your minimum monthly payment would be $335.49. If you finance the documentation fee, your effective annual rate will be 12.24% with a minimum monthly payment of $337.70 and total cost of the loan $20,262.18.

Over Draft Protection (Ready Cash)

Term Months APR* (Annual Percentage Rate)
N/Aas low as 12.74%

New Auto Loan

Term Months APR* (Annual Percentage Rate)
12 mos.as low as2.99%
24 mos.as low as2.99%
36 mos.as low as2.99%
48 mos.as low as2.99%
60 mos.as low as2.99%
72 mos.as low as3.24%
84 mos.as low as4.00%
*APR = Annual Percentage Rate. Rates are subject to change without notice and restrictions may apply. Rates apply to new vehicles. Rates may vary depending on credit, loan amount, loan term and value of your vehicle. DMV and other fees may apply. A 5-year, fixed-rate new car loan for $25,000 would have 60 monthly payments of $449.11 each, at an Annual Percentage Rate (APR) of 2.99%. **Refinancing APR rates are subject to change without notice and restrictions apply.

Used Auto Loan

Term Months APR*
12 mos.as low as3.24%
24 mos.as low as3.24%
36 mos.as low as3.24%
48 mos.as low as3.49%
60 mos.as low as3.49%
72 mos.as low as3.74%
*APR = Annual Percentage Rate. Rates are subject to change without notice and restrictions may apply. Rates apply to used vehicles. Rates may vary depending on credit, loan amount, loan term and value of your vehicle. The year and mileage of a used car will affect terms and rates. DMV and other fees may apply. A 5-year, fixed-rate used car loan for $15,000 would have 60 monthly payments of $273.00 each, at an Annual Percentage Rate (APR) of 3.49%. **Refinancing APR rates are subject to change without notice and restrictions apply.

Home Equity Loan

Term Years APR* (Annual Percentage Rate)
5 yrsas low as3.25%
10 yrsas low as3.75%
15 yrsas low as4.25%
20 yrsas low as4.50%

Home Equity Loan 2nd Lien

Term Years APR* (Annual Percentage Rate)
5 yrsas low as 4.75%
10 yrsas low as 5.00%
15 yrsas low as 5.25%
20 yrsas low as 5.50%

Regular Term Share Certificates

30 Days – 12 Months

TERM30 Days3 Months6 Months9 Months12 Months
DIVIDENDS
Annual Percentage Yield (APY), %		0.15%0.15%0.20%0.65%1.00%
Dividend Rate, %0.15%0.15%0.20%0.65%1.00%
Dividends CreditedMonthlyMonthlyMonthlyMonthlyMonthly
BALANCE REQUIREMENTS
Minimum Opening Balance		$1000.00$1000.00$1000.00$1000.00$500.00
Minimum to Earn APY$1000.00$1000.00$1000.00$1000.00$500.00

Regular Term Share Certificates

18 Months – 60 Months

TERM18 Months24 Months30 Months36 Months48 Months60 Months
DIVIDENDS
Annual Percentage Yield (APY), %
1.02%1.05%1.07%1.10%1.15%1.20%
Dividend Rate, %1.02%1.05%1.06%1.09%1.14%1.19%
Dividends CreditedMonthlyMonthlyMonthlyMonthlyMonthlyMonthly
BALANCE REQUIREMENTS
Minimum Opening Balance
$500.00$500.00$500.00$500.00$500.00$500.00
Minimum to Earn APY$500.00$500.00$500.00$500.00$500.00$500.00

Individual Retirement Term Share Certificates

TERM6 Months12 Months18 Months24 Months30 Months36 Months60 Months
DIVIDENDS
Annual Percentage Yield (APY), %
.25% .45%.50%.75%.75%1.05%1.25%
Dividend Rate, %.25% .45%.50%.75%.75%1.04%1.24%
Dividends CreditedMonthlyMonthlyMonthlyMonthlyMonthlyMonthlyMonthly
BALANCE REQUIREMENTS
Minimum Opening Balance
$1,000.00$1,000.00$1,000.00$1,000.00$1,000.00$1,000.00$1,000.00
Minimum to Earn APY$1,000.00$1,000.00$1,000.00$1,000.00$1,000.00$1,000.00$1,000.00

U-Fi Student Loan

Student Loans APR*
Fixed RateRates as low as 5.45% - 12.37%
Variable RateRates as low as 3.55% - 12.87%
Student Loans RefinanceAPR**
Fixed RateRates as low as 4.35% - 7.33%
Variable RateRates as low as 3.60% - 8.13%
Student Loan
*Fixed interest rates range from 5.45% APR (with auto debit discount) to 12.37% APR (without auto debit discount).Your interest rate will depend on your (and if applicable, your cosigner’s) credit qualifications. The fixed interest rate will remain the same for the life of the loan.

Variable interest rates range from 3.55% APR (with auto debit discount) to 12.87% APR (without auto debit discount). Your interest rate will depend on your (and if applicable, your cosigner’s) credit qualifications. Variable rates may increase after consummation. The variable interest rate is equal to the One-Month London Interbank Offered Rate (“One-Month LIBOR”) plus a margin. The One-Month LIBOR in effect for each monthly period (from the first day of the month through and including the last day of the same month) will be the highest One-Month LIBOR published in The Wall Street Journal “Money Rates” table on the twenty-fifth (25th) day (or if such day is not a business day, the next business day thereafter) of the month immediately preceding such calendar month. The Annual Percentage Rate (APR) for a variable interest rate loan will change monthly on the first day of each month if the One-Month LIBOR index changes. This may result in higher monthly payments. The current One-Month LIBOR index is 2.05% as of March 4, 2020.

The lowest interest rate for each loan type requires automatically withdrawn (“auto debit”) payments, a five-year repayment term for both graduate and undergraduate loans, and the borrower making immediate principal and interest payments. The interest rate and Annual Percentage Rate (APR) may be higher depending upon (1) the credit history of the borrower and, if applicable, the cosigner, (2) the repayment option and loan term selected, and (3) the loan type selected. If approved, applicants will be notified of the rate qualified for within the stated range.

Refinance Loan

**Fixed interest rates range from 4.35% APR (with auto debit discount) to 7.33% APR (without auto debit discount). Your interest rate will depend on your (and if applicable, your cosigner’s) credit qualifications. The fixed interest rate will remain the same for the life of the loan.

Variable interest rates range from 3.60% APR (with auto debit discount) to 8.13% APR (without auto debit discount). Your interest rate will depend on your (and if applicable, your cosigner’s) credit qualifications. Variable rates may increase after consummation. The variable interest rate is equal to the One-Month London Interbank Offered Rate (“One-Month LIBOR”) plus a margin. The One-Month LIBOR in effect for each monthly period (from the first day of the month through and including the last day of the same month) will be the highest One-Month LIBOR published in The Wall Street Journal “Money Rates” table on the twenty-fifth (25th) day (or if such day is not a business day, the next business day thereafter) of the month immediately preceding such calendar month. The Annual Percentage Rate (APR) for a variable interest rate loan will change monthly on the first day of each month if the One-Month LIBOR index changes. This may result in higher monthly payments. The current One-Month LIBOR index is 2.05% as of March 4, 2020.

The lowest interest rate for each loan type requires automatically withdrawn (“auto debit”) payments, a five-year repayment term, and the borrower making immediate principal and interest payments. Not all borrowers will receive the lowest rate. The interest rate and Annual Percentage Rate (APR) may be higher depending upon (1) the credit history of the borrower and, if applicable, the cosigner, (2) the repayment option and loan term selected, (3) the loan type selected, and (4) the highest level of education attained. If approved, applicants will be notified of the rate qualified for within the stated range.

 

Truth-In-Savings Disclosures

Rate information: The dividend rates and annual percentage yields for term share certificates as set forth above were offered within the most recent seven calendar days and are accurate as of the effective date above. Please call the Credit Union at 973-785-9200 to obtain current rate information.
Compounding and crediting: Dividends for Membership share savings, IRA savings, and Club accounts accrue daily, compound quarterly and are credited quarterly. Dividends for all other accounts is accrued daily and is both credited and compounded monthly. The dividend period for all term share certificate accounts and monthly accounts begins on the first calendar day of the month and ends on the last calendar day of the month. The dividend period for quarterly accounts begins on the first day of the quarter (January 1, April 1, July 1, October 1) and ends on the last day of the quarter. The dividend declaration date is the ending date of the dividend period. Dividends begin to accrue on the day you deposit cash and non-cash items to your account. If you close your account before dividends are credited, you will not receive accrued dividends.
Minimum balance requirements: The minimum balance to open each account type is set forth above. No dividends will be earned on any day the account balance is below the minimum to earn the APY.
Withdrawal of dividends prior to maturity: Upon opening the account, the member must choose to have dividends remain in the account, be transferred to another account, or be mailed. The annual percentage yield is based on an assumption that dividends remain in the account until maturity. A withdrawal will reduce earnings.
Balance computation method: Dividends are calculated by the daily balance method which applies a periodic rate to the balance in your account each day.
Transaction limitations: After the account is opened you may not make deposits until the maturity date stated on the certificate. Maximum IRA contributions vary; please consult your tax advisor. A 10% penalty will apply to withdrawals from IRA accounts if you are under 59 1/2 years old or funds are not rolled over into another IRA plan within 60 days.
Early withdrawal penalties: We may impose a penalty if you withdraw any of the funds before the maturity date. The penalty will equal 90 days loss of dividends on the amount withdrawn for term share certificates with terms of 30 days to 6 months, 180 days loss of dividends on the amount withdrawn for term share certificates with terms of over 6 months to 18 months, 270 days loss of dividends on the amount withdrawn for term share certificates with terms of 2 years, and 365 days loss of dividends on the amount withdrawn for term share certificates with terms of 3 to 5 years.
Savings
If a member has a regular share savings account only with a balance less than $50 AND no transactions that have taken place within a 12-month period, then a monthly dormant account fee may be charged.
Checking
A member can opt to have overdraft protection from their Ready-Cash & their savings &/or money market.  However, funds may be transferred from the Ready-Cash first then the savings or money market.  A member can also opt to have overdraft protection from Courtesy Pay & their savings or money market.  However, funds may be transferred from the savings or money market first; then transferred from Courtesy Pay.  Also, the full amount needed must be either available on the Ready-Cash or in the savings or money market (funds may not be transferred from a combination of both instruments).
1 Rates are subject to change without notice. Restrictions may apply. Rates may vary depending on credit, loan amount, and loan term.  Loan Rates may apply to new loans only, and may not apply to refinancing of existing NJFCU loans.  Advertised promotions may not always be combined with another, and such may end at any time without notice.
2 Rates for real estate-secured loans are for qualified members and are subject to loan amount, credit, and value of home.
3 Balance transfer offers are not available for the Liberty Card.

See our Truth In Savings Disclaimer