*Conventional loan of $200,000 based on a value of $270,000 for a primary residence and purchase transaction of an existing single family detached home in the City of Albany, Albany County, New York for an interest rate lock period of 60 days and includes tax and homeowner's insurance escrows. The actual APR and fees will be based on individual loan features and creditworthiness of at least 740 credit score.
^5.000% simple interest rate, 5.348% APR good for 10 years. 80% LTV required. Beginning in year 11, through year 30, rate can adjust up to 2% annually, with a maximum rate of 11.000% and minimum simple interest rate of 4.00% for the remainder of the loan term. Available for purchase transactions only. Rates subject to change.
Vehicle Loans
Account Type
APR
Term / Repayment
Remarks
New and Used Auto and Motorcycle
As Low As 1.89%
Terms are flexible.
Rates are based on term and overall credit history.
New and Used ATV, Snowmobiles, Boats, Motor Homes, Travel Trailers
As Low As 4.29%
Terms are flexible.
Rates are based on term and overall credit history.
Loan rates are determined by each member’s overall credit history. All rates and terms are subject to change. APR = Annual Percentage Rate. Credit lines are based on credit worthiness and are subject to approval.
Checking Accounts
Account Type
Dividend Rate
APY
Minimum Balance To Open
Minimum Balance To Earn Dividend
Kasasa Cash ® Checking – Tier 1 up to $25,000
2.47%
2.50%
$20.00
$0.01
Kasasa Cash ® Checking – Tier 2 portion of balance over $25,000
0.25%
0.25%
$20.00
$25,000.01
Kasasa Cash ® Back
n/a
n/a
$20.00
n/a
Earnings Checking
0.05%
0.05%
$750
$750
Simple Checking
0%
0%
$20
Dividend Not Available
Student Checking
0%
0%
$20
Dividend Not Available
APY = Annual Percentage Yield. Earnings may be reduced if fees are incurred.
Home Equity Loans
APR
Term / Repayment
Maximum Amount
Remarks
3.99%
Up to 20 Years
Less than or equal to 85% of property value
Minimum $2,000; First or Second Lien Position.
† Payment Per $1,000 is based on a 20 year Home Equity Loan. Payments do not include amounts for taxes and insurance premiums, if applicable, and your payment may be higher. Sample payment for a 20-year fixed Home Equity loan at 3.99% is $6.05 per $1,000.
HomeFlex Lines of Credit
Account Type
APR
Term / Repayment
Maximum Amount
Remarks
HomeFlex
60-month introductory rate of 3.25%
5-year draw (renewable), 15 year repayment period
Less than or equal to 85% of property value
3.25% rate is fixed for first 60 months, then Prime + 0.00% (variable rate that adjusts annually based on Prime). Lifetime cap of 9.25%
HomeFlex100
60-month introductory rate of 5.25%
5-year draw (renewable), 15-year repayment period
Up to 100% LTV
5.25% rate is fixed for first 60 months, then Prime + 2.25% (variable rate that adjusts annually based on Prime). Non-promotional rate is 5.50% APR. Lifetime cap of 11.25%
HomeFlex No Closing Cost
12-month introductory rate of 1.99%
5-year draw, 15-year repayment period
Less than or equal to 85% of property value
1.99% rate is fixed for the first 12 months, then Prime + 0.00% (variable rate that adjusts annually based on Prime). Lifetime cap of 9.25%. Home Equity Line of Credit must remain open for at least 36 months or the member will be obligated to pay back any and all closing costs.
All rates and terms are subject to change.
APR = Annual Percentage Rate. Credit lines are based on credit worthiness and are subject to approval.
Home Improvement Loans
APR
Term / Repayment
Maximum Amount
Payment Per $1,000
Remarks
7.49%
Up to 10 years
Up to 133% LTV
$11.86
$10,000 maximum; credit 660 and higher
7.49%
Up to 15 years
Up to 133% LTV
$9.26
$10,001 minimum; $25,000 maximum; credit 680 and higher
† Payment Per $1,000 is based on a 10-year or 15-year repayment period. Payments do not include amounts for taxes and insurance premiums, if applicable, and your payment may be higher. This product is an unsecured loan. Please consult your tax advisor regarding deductibility of interest.
Money Market Accounts
Account Type
Dividend Rate
APY
Minimum Balance to Open
Minimum Balance To Earn Dividend
Money Market Account
0.10%
0.10%
$500
$500 - $9,999
Money Market Account
0.10%
0.10%
$500
$10,000 - $24,999
Money Market Account
0.15%
0.15%
$500
$25,000 - $39,999
Money Market Account
0.15%
0.15%
$500
$40,000 - $99,999
Money Market Account
0.20%
0.20%
$500
$100,000 and above
APY = Annual Percentage Yield. Earnings may be reduced if fees are incurred.
Personal Loans & Lines of Credit
Account Type
APR
Repayment Period
Maximum Amount
Remarks
Signature Credit Card
prime + 6.74%
revolving
$50,000
$5,000 minimum to open
Platinum Rewards Credit Card
prime + 6.74%
revolving
$50,000
$500 minimum to open
Platinum Credit Card
prime + 4.74%
revolving
$50,000
$500 minimum to open
Personal Loan
As Low As 7.49%
up to 60 Months
$25,000
$1,000 minimum to open
Personal Line of Credit
As Low As 12.75%
Revolving
$25,000
$1,000 minimum to open
Overdraft Line of Credit
11.50%
Revolving
$10,000
Prime plus 8.25%, adjusted quarterly. Tied to Share Checking.
Secured Personal Loan
7.25%
5 Years
$50,000
Secured by Share Certificate
Secured Personal Loan
5.00%
10 Years
$50,000
Secured by Shares
Student Loan
Please refer to remarks section.
10 years
Varies by program.
Minimum loan amount of $2,000. For current student loan rates, please visit: https://partner.lendkey.com/sunmark.student
Student Refinance
Please refer to remarks section.
10 years
Varies by program.
Minimum loan amount of $5,000. For current refinance rates, please visit: https://partner.lendkey.com/sunmark/refinance
Savings Accounts
Account Type
Dividend Rate
APY
Minimum Balance to Open
Minimum Balance to Earn Dividend
Kasasa Saver ® Tier 1 up to $150,000
0.75%
0.75%
$0.01
$0.01
Kasasa Saver ® Tier 2 portion of balance over $150,000
0.25%
0.25%
$0.01
$150,000.01
Membership Savings Plan
0.05%
0.05%
$0.01
$0.01
Youth Savings
0.20%
0.20%
$0.01
$0.01
Silver Savings Plan
0.05%
0.05%
$0.01
$0.01
Special Event Savings Plan
0.10%
0.10%
$0.01
$0.01
Holiday Savings Plan
0.10%
0.10%
$0.01
$0.01
Regular IRA Share Savings
0.10%
0.10%
$0.01
$0.01 - $9,999
Regular IRA Share Savings
0.20%
0.20%
$0.01
$10,000 - $39,999
Regular IRA Share Savings
0.45%
0.45%
$0.01
$40,000 and above
Health Savings Account
1.00%
1.00%
$0.01
under $999
Health Savings Account
1.00%
1.00%
$0.01
$1,000 - $2,499
Health Savings Account
1.49%
1.50%
$0.01
$2,500 - $4,999
Health Savings Account
1.49%
1.50%
$0.01
$5,000 - $9,999
Health Savings Account
1.49%
1.50%
$0.01
$10,000 - $24,999
Health Savings Account
1.49%
1.50%
$0.01
$25,000 - $49,999
Health Savings Account
1.49%
1.50%
$0.01
$50,000 - $99,999
Health Savings Account
1.49%
1.50%
$0.01
$100,000 and above
APY = Annual Percentage Yield. Earnings may be reduced if fees are incurred.
Certificates
Account Type
Dividend Rate
APY
Term
Minimum Balance to Open
Minimum Balance to Earn Dividend
Regular Share Certificate
0.10%
0.10%
90 Days
$500
$500
Regular Share Certificate*
0.60%
0.60%
18 months
$500
$500 - $74,999
Regular Share Certificate*
0.60%
0.60%
18 months
$500
$75,000 - $150,000 and above
Regular Share Certificate
0.10%
0.10%
6 Months
$500
$500
Regular Share Certificate
0.15%
0.15%
1 Year
$500
$500
Regular Share Certificate
0.30%
0.30%
2 Years
$500
$500
Regular Share Certificate
0.35%
0.35%
3 Years
$500
$500
Step Up Certificate
0.50%
0.50%
3 Years
$500
$500
Regular Share Certificate
0.40%
0.40%
4 Years
$500
$500
Regular Share Certificate
0.40%
0.40%
5 Years
$500
$500
IRA Share Certificate*
0.60%
0.60%
18 months
$500
$500 - $74,999
IRA Share Certificate*
0.60%
0.60%
18 months
$500
$75,000 - $150,000 and above
IRA Share Certificate
0.15%
0.15%
1 Year
$500
$500
IRA Share Certificate
0.30%
0.30%
2 Years
$500
$500
IRA Share Certificate
0.35%
0.35%
3 Years
$500
$500
IRA Share Certificate
0.40%
0.40%
4 Years
$500
$500
IRA Share Certificate
0.40%
0.40%
5 Years
$500
$500
APY = Annual Percentage Yield. Earnings may be reduced if fees are incurred.
Certificate Renewal Policy: Share certificates automatically renew at the time of maturity. Sunmark will provide 30 days notice prior to the maturity date. If you do not contact Sunmark on or before the maturity date, the account will renew for the term stated, at the rate current at the time of renewal. For certificates with maturities of greater than 90 days, you will have a 10-day grace period after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty. A penalty may be imposed for early withdrawal.
*No additional deposits permitted
Prime is 3.25% as of March 17, 2020.
All rates and terms are accurate as of today and are subject to change without notice. For current rates call (866) SUNMARK. Please refer to your Terms and Disclosures or contact any Sunmark Credit Union employee for more detailed information.
