Rates
We offer competitive rates to meet your needs! Qualifying for a loan is simple. Start by estimating the amount you need to borrow and the payment you can afford. Then, apply online or in one of our branches! We’ll let you know if you qualify quickly, so you can get on with more important things.
Consumer Loan Rates
Consumer loan interest rates are the best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans are subject to approval. Other terms and conditions may apply.
Effective Date: 11/15/24
| Name | Interest Rates as low as | Terms and Conditions | |
|---|---|---|---|
| Cars and Trucks | 5.99% |
Maximum loan amount $250,000. Consumer loan interest rates are best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval. Other terms and conditions may apply. |
Apply |
| Boats and Vessels | 7.50% |
Maximum loan amount $250,000. Consumer loan interest rates are best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval. Other terms and conditions may apply. |
Apply |
| Motorhome (RVs), Travel Trailers, Truck/Camper Combo/5th Wheeler/Toy Hauler | 7.50% |
Maximum loan amount $250,000. Consumer loan interest rates are best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval. Other terms and conditions may apply. |
Apply |
| Motorcycle | 6.49% |
Maximum loan $50,000. Consumer loan interest rates are best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval. Other terms and conditions may apply. |
Apply |
| ATV, Snowmachine and Watercraft | 6.49% |
Maximum loan $50,000. Consumer loan interest rates are best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval. Other terms and conditions may apply. |
Apply |
| Personal Loan | 11.50% |
Borrow between $200 and $20,000. Consumer loan interest rates are best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval. Other terms and conditions may apply. |
Apply |
| Quick Loan | 24% | Quick loans can be used for braces, sports equipment/uniforms, musical instruments, consolidation, vacations, insurance deductibles, you name it. Borrow between $200 and $2,000. The rate is a set rate for everyone who is approved. Other terms and conditions may apply. | Apply |
| Pledge of Share | Savings Rate +2.0-3.0% |
Only Regular Share accounts (S1) are eligible as collateral. Rate is based on the term of the loan. All loans subject to approval. Other terms and conditions may apply. |
Apply |
| Pledge of Certificate | Certificate Rate +2.0% |
Term may not exceed the certificate maturity date. All loans subject to approval. Other terms and conditions may apply. |
Apply |
Credit Card Rates
Effective date: 10/19/24
| Card Type | APR for Purchase | APR for Balance Transfers | APR for Cash Advances | |
|---|---|---|---|---|
| Classic | 11.95% | 11.95% | 11.95% |
|
| Secured | 13.90% | 13.90% | 13.90% | Apply |
| Gold |
11.50% This APR will vary with the Rate + 3.50% market based on the Prime |
11.50% This APR will vary with the market based on the Prime Rate + 3.50% |
11.50% This APR will vary with the market based on the Prime Rate + 3.50% |
Apply |
| Platinum | 8.95% | 8.95% | 8.95% | Apply |
| Chrome | 16.50% | 16.50% | 16.50% | Apply |
Penalty APR and When it Applies: None
How to Avoid Paying Interest on Purchases: Your due date is at least 21 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month.
For Credit Card Tips from the Consumer Financial Protection Bureau: To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at https://www.consumerfinance.gov/learnmore.
| Card Type | Annual Fee | International Transaction Fee | Penalty Fees |
|---|---|---|---|
| Classic | None | Up to 2% of the transaction amount is imposed on any card transaction made in a foreign country or currency. |
Late Payment: $30.00
Returned Payment: $22.00 |
| Secured |
$15.00 This fee will be assessed each year annually. |
Up to 2% of the transaction amount is imposed on any card transaction made in a foreign country or currency. |
Late Payment: $30.00 |
| Gold | None | Up to 2% of the transaction amount is imposed on any card transaction made in a foreign country or currency. |
Late Payment: $30.00
Returned Payment: $22.00 |
| Platinum | None | Up to 2% of the transaction amount is imposed on any card transaction made in a foreign country or currency. |
Late Payment: $30.00
Returned Payment: $22.00 |
| Chrome | None | Up to 2% of the transaction amount is imposed on any card transaction made in a foreign country or currency. |
Late Payment: $30.00
Returned Payment: $22.00 |
How We Will Calculate Your Balance: We use a method called “average daily balance” (including new purchases). See your account agreement for more details.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.
To find out if information has changed, call (907) 339-9485 or (800) 478-2222, email membermail@cu1.org or write Credit Union 1, 1941 Abbott Road, Anchorage, AK 99507
Real Estate Rates
The following is a disclosure of terms applicable to our current Real Estate loans. It outlines the general terms of Real Estate loan requirements. Please contact our Real Estate department for specific information. Property must be located in Alaska to qualify for a Credit Union 1 Real Estate loan.
Effective Date: 12/1/24
| Loan Type | Rate | APR | Notes |
|---|---|---|---|
| Owner Occupied 1st Deed of Trust Single Family – 4-Plex or Approved/Eligible Condo | |||
| 15-Year Fixed | 5.750% |
6.071% |
|
| 30-Year Fixed | 6.250% | 6.448% |
|
| Second Homes 1st Deed of Trust Single Family – 4-Plex or Approved/Eligible Condo | |||
| 20-Year Fixed | 6.500% | 6.766% |
|
| Owner Occupied 1st Deed of Trust (Single Family or Approved/Eligible Condo) | |||
| 15-Year Fixed First time Homebuyer | 5.250% | 5.412% |
|
| 30-Year Fixed First time Homebuyer | 5.750% | 5.849% |
|
| Owner Occupied Home Equity 2nd Deed of Trust (Single Family – 4-Plex) | |||
| Fixed Rate | 7.750% | 7.850% |
|
| Owner Occupied Equity Advantage HELOC (Single Family or Duplex) | |||
| Adjustable Rate | 8.000% | 8.000% |
|
| Non-Owner Occupied 1st Deed of Trust Single Family – 4-Plex | |||
| 20-Year Fixed | 7.500% | 7.913% |
|
| Unimproved/Recreational Property | |||
| 12-Year Fixed | 8.250% | 8.556% |
|
| VA Loans | |||
| 15-year | 5.250% | 5.563% |
|
| 30-year | 5.750% | 5.940% |
|
Disclosure of Terms:
Interest rates and/or points, terms and conditions are subject to change without notice, and may vary based on credit quality, loan amount, property type, loan type and collateral conditions. All VA rules, guidelines, and additional program requirements, including a one time VA funding fee will apply. Contact a Mortgage Loan Originator for details. The Annual Percentage Rates (APRs) disclosed above assume a 20% down payment (30% on unimproved and recreational property) and include a 1% origination fee for all owner-occupied properties and an additional 1% fee for all nonowner-occupied properties. Example rate of 4.500% APR with 360 Monthly payments (30 year) = $506.69 monthly per $100,000 borrowed. If the down payment is less than 20% for owner-occupied first deeds of trust, mortgage insurance may be needed; this could increase the payment and APR. The APR does not include all closing costs. The interest rate for Adjustable-Rate Mortgage (ARM) loans may increase after consummation. The monthly payment does not reflect amounts to be paid into escrow, such as taxes or insurance. All loans are subject to credit approval.
Savings & Spending Rates
“Our Rates & Service Charges” sets forth current conditions and rates applicable to the savings and spending accounts we offer. We may offer other rates or amend the rates contained in this schedule from time to time. Each account holder agrees to the terms set forth on this Rate Disclosure and acknowledges that it is a part of the Member Service Agreement (MSA) and Business Service Agreement (BSA).
Effective Date: 08/26/24
| Type | Dividend Rate | Annual Percentage Yield | Minimum Balance to Earn APY | Minimum Balance to Avoid Service Charge |
|---|---|---|---|---|
| Regular/Business Share (0001) (0002) *Minimum balance to open: $5 | 0.10% | 0.10% | $10 | $0 |
| Additional Savings (0100-0109) | 0.10% | 0.10% | $10 | $0 |
| Secured (0500-0509) | 0.10% | 0.10% | $10 | $0 |
| Dollar Dog (0120-0129) | 0.10% | 0.10% | $10 | $0 |
| Premium Savings (0190-0199) and Business Premium Savings (0290-0299) | $50 minimum daily balance | |||
| $5,000.00-$49,999.99 | 0.55% | 0.55% | $5,000 | |
| $50,000-$99,999.99 | 0.65% | 0.65% | $50,000 | |
| $100,000 or more | 0.70% | 0.70% | $100,000 | |
| Health Savings Account | $100 daily balance | |||
| $0.00 - $999.99 | 0.03% | 0.03% | $1 | |
| $1,000.00 - $49,999.99 | 0.06% | 0.06% | $1,000 | |
| $50,000+ | 0.09% | 0.09% | $50,000 | |
| IOLTA | ||||
| Regular/Business Share (0001) | 0.10% | 0.10% | $10 | $0 |
| Additional Savings (0109) | 0.10% | 0.10% | $10 | $0 |
| Premium Checking (0770 | 0.05% | 0.05% | $1,000 | $1,000 daily balance |
| IRA Savings (0650-0659) | 0.15% | 0.15% | $1 | $100 balance at the end of the month |
| Roth IRA (0660-0669) | 0.15% | 0.15% | $1 | $100 balance at the end of the month |
| SEP IRA (0670-0679) | 0.15% | 0.15% | $1 | $100 balance at the end of the month |
| Education IRA (0680-0689) | 0.15% | 0.15% | $1 | $100 balance at the end of the month |
| Roth Conversion (0690-0699) | 0.15% | 0.15% | $1 | $100 balance at the end of the month |
| Free Checking (0760-0769) | - | - | - | $0 |
| Super Saver Checking (0780-0789) | $200 daily balance | |||
| Premium Checking (0770-0779) | 0.05% | 0.05% | $1,000 | $1,000 daily balance |
| Business Super Saver Checking (0880-0889) | - | - | - | $200 daily balance |
| Business Basics Checking (0870-0879) | - | - | - | $2,500 daily balance |
| Business Premium Checking (0810-0819) | 0.05% | 0.05% | $5,000 | $5,000 daily balance |
Certificate Rates
This Rate Disclosure sets forth current conditions and rates applicable to your certificate accounts at Credit Union 1. The Credit Union may offer other rates or amend the rates contained in this schedule from time to time. Each account holder agrees to the terms set forth on this Rate Disclosure and acknowledges that it is a part of the Member and Business Service Agreements.
Effective Date: 10/18/24
| Certificate Type | Dividend Rate | Annual Percentage Yield | Minimum Balance to Earn APY |
|---|---|---|---|
| 3 Month Certificate | |||
| $500–$99,999.99 (1003) (1503) | 1.25% | 1.26% | $500.00 |
| $100,000 or more (1003) (1503) | 1.25% | 1.26% | $100,000.00 |
| 6 Month Certificate | |||
| $500.00 – $99,999.99 (1006) (1506) | 2.25% | 2.27% | $500.00 |
| $100,000 or more (1006) (1506) | 2.25% | 2.27% | $100,000.00 |
| 1 Year Certificate | |||
| $500.00 – $99,999.99 (1012) (1512) | 4.00% | 4.06% | $500.00 |
| $100,000 or more (1012) (1506) | 4.00% | 4.06% | $100,000.00 |
| 1.5 Year Certificate | |||
| $500.00 – $99,999.99 (1018) (1518) | 3.50% | 3.55% | $500.00 |
| $100,000 or more (1018) (1581) | 3.50% | 3.55% | $100,000.00 |
| 2 Year Certificate | |||
| $500.00 – $99,999.99 (1024) (1524) | 2.50% | 2.52% | $500.00 |
| $100,000 or more (1024) (1524) | 2.50% | 2.52% | $100,000.00 |
| 2.5 Year Certificate | |||
| $500.00 – $99,999.99 (1030) (1530) | 2.75% | 2.78% | $500.00 |
| $100,000 or more (1030) (1530) | 2.75% | 2.78% | $100,000.00 |
| 3 Year Certificate | |||
| $500.00 – $99,999.99 (1036) (1536) | 3.00% | 3.03% | $500.00 |
| $100,000 or more (1036) (1536) | 3.00% | 3.03% | $100,000.00 |
| 4 Year Certificate | |||
| $500.00 – $99,999.99 (1048) (1548) | 2.50% | 2.52% | $500.00 |
| $100,000 or more (1048) (1548) | 2.50% | 2.52% | $100,000.00 |
| 5 Year Certificate | |||
| $500.00 – $99,999.99 (1060) (1560) | 2.65% | 2.68% | $500.00 |
| $100,000 or more (1048) (1548) | 2.65% | 2.68% | $100,000.00 |
| IRA Certificate | |||
| 1 year (3012)(5012)(2012)(4012)(8012) | 4.00% | 4.06% | $500.00 |
| 2 year (3024)(5024)(2024)(4024)(8024) | 2.50% | 2.52% | $500.00 |
| 3 year (3036)(5036)(2036)(4036)(8036) | 3.00% | 3.03% | $500.00 |
| 4 year (3048)(5048)(2048)(4048)(8048) | 2.50% | 2.52% | $500.00 |
| 5 year (3060)(5060)(2060)(4060)(8060) | 2.65% | 2.68% | $500.00 |
Explanation of Rates and Service Charges
As explained in the Member Service Agreement and Business Service Agreement, the 'Our Rates & Service Charges' applies to all the accounts we offer. Except as specifically described, the following terms apply to all the accounts you have with us.
- Rate Information. The Dividend Rate and Annual Percentage Yield (APY) on the certificate accounts you have with us are identified above. The Dividend Rates and Annual Percentage Yields are the prospective rates as of the effective date identified above. The Dividend Rate and Annual Percentage Yield are fixed and will be in effect for the term of the account. The APY is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings.
- Nature of Dividends. Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period.
- Compounding and Crediting. For most certificates, the dividend period begins on the first calendar day of the quarter and ends on the last calendar day of the quarter. Dividends will be compounded and credited at the end of each calendar quarter and upon maturity. For certificates with terms of one month and three months, dividends will be paid upon maturity only.
- Accrual of Dividends. Dividends will begin to accrue on the day you make the deposit to your account. If you close your certificate account before accrued dividends are credited, accrued dividends will not be paid.
- Balance Information. The minimum balance required to open each account and earn the stated APY is set forth above. If you do not maintain the minimum balance, you will not earn the stated APY. Dividends are calculated by using the daily balance method, which applies a daily periodic rate to the balance in the account each day.
- Certificate Account Features
- Account Limitations. After your certificate account is opened, you may not make additional deposits to a certificate account.
- Maturity. Your certificate account will mature on the maturity date set forth on your renewal notice.
- Early Withdrawal Penalty. We may impose a penalty if you withdraw any of the principal of your certificate account before the maturity date.
- Amount of Penalty. The amount of the early withdrawal penalty is 60 days' dividends calculated on the amount withdrawn for certificates with terms of 1 year or less, and 180 days' dividends for certificates with terms of more than 1 year.
- How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends that has been or would be earned at the nominal dividend rate on the account. It applies whether or not the dividend has been earned. In other words, if the account has not yet earned enough dividends or if the dividend has already been paid, the penalty will be deducted from the principal.
- Exceptions to Early Withdrawal Penalties. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstance:
- For any reason which the law establishes as a valid condition for the waiver of a prepayment penalty such as the member's death or total disability
- On the basis of any permissible early distribution of an IRA recognized by federal law
- As an incident of the liquidation of the Credit Union or
- After the failure of the Credit Union to pay a dividend within 10 days after the agreed date.
- IRAs may be revoked within 7 days of an account opening without paying the early withdrawal penalty applicable to other term accounts.
- Renewal Policy Certificate Accounts are automatically renewable accounts. Automatically renewable accounts will renew for another term upon maturity. You have a grace period of ten (10) days after maturity in which to withdraw funds in the account without being charged an early withdrawal penalty.
- Nontransferable/Nonnegotiable. The account(s) you have with us is/are non transferable and nonnegotiable. This means that an account and the funds in the account may not be pledged to secure any obligation of an owner, except obligations with the Credit Union.
