CENTRAL HUDSON EMPLOYEES FEDERAL CREDIT UNION
284 SOUTH AVENUE
POUGHKEEPSIE, NY 12601
(845) 486-5209


Loans & Rates

A new or used car, a child's education, a vacation, new appliances, home improvements or a new home - all are major expenses for a family. Here at CENTRAL HUDSON EMPLOYEES FEDERAL CREDIT UNION, we offer a variety of loans to fit almost any want or need at low competitive rates.

Whether you are in the market for a new or used auto, your credit union offers competitive interest rates and flexible terms. A pre-approved auto loan can give you the confidence and bargaining power to help you purchase a new or used car. Contact the credit union about a pre-approved car loan.

Do you currently have an auto loan with someone else? In many cases we can save you money with a lower rate and lower monthly payments. We would be happy to compare your current loan payments to ours and refinance your loan to save you money.





Our First Mortgage loans have very competitive rates. We use CUC Mortgage for these loans.

Thinking about refinancing? For a limited time, CUC Mortgage is reducing closing costs by $200.00.

Call CUC Mortgage at 1.800.453.0263 for current rates or click on their logo below.

College costs looming on the horizon? We now offer the complete Federal Family Education program. This includes Federal Stafford loans for students and loans for parents. Call for a student loan information packet.

Why wait for tomorrow when you can have the things you need today? Please, consider taking advantage of your credit union's loan opportunities!

Rates Effective: April 1, 2008


Fixed Rate Loans

Type of Loan
  Maximum  
Amount
Maximum
Payment Term
Security &
Other
Requirements
Annual
Percentage
Rate
Unsecured$15,00060 MonthsNone11.50%
Overdraft$2,50024 MonthsMust have a Share
Draft Account 		16.00%
Vacation$2,50012 MonthsNone9.50%
Stock80% of the Closing
Price in "The Wall Street Journal"		 72 MonthsStock listed on
NYSE or AMEX		9.50%
New Vehicle100% of Vehicle Price + Taxes + Fees + Warrantees 72 MonthsCopy of Purchase Agreement and Insurance Binder 24 Months 4.50%

36 Months 5.00%

48 Months 5.25%

60 Months 5.75%

72 Months 5.75%
Used Vehicle100% of NADA Retail Value + Options + Taxes + Fees + Warrantees 60 MonthsCopy of Purchase Agreement and Insurance Binder 24 Months 4.50%

36 Months 5.00%

48 Months 5.25%

60 Months 5.75%
Appliance100% of Price + Tax

$5,000 Max.

$500 Min.		 36 MonthsCopy of Purchase Agreement9.50%
Home Equity$250,000 Max.

$5,000 Min.		 120 Months

Only one draw.		Copies of filed Deed and Paid Taxes plus add C.U. to Homeowners Insurance

Fixed Rate - indexed to CUC Mortgage Rates		Call C.U. for current rate


Variable Rate Loans

Type of Loan
  Maximum  
Amount
Maximum
Payment Term
Security &
Other
Requirements
Annual
Percentage
Rate
Share SecuredTotal Amount in Share Account 72 MonthsMust have a
Share Account

(Share Rate + 2.00%)		3.99%
Certificate Account SecuredTotal Amount of the Certificate 72 MonthsCertificate Account from this Credit Union

(Certificate Rate + 2.00%)		Call C.U.
for Rate
Quik Cash$5,00048 MonthsLine of Credit

(Prime + 4.00%)		9.00%
New Boat
New RV		100% of Invoice, up to $50,000 72 Months $0 - $15,000

96 Months $15,001 - $25,000

120 Months $25,001 - $50,000		 Copy of Purchase Agreement and Insurance Binder

(Prime + 2.00%)		7.00%
Used Boat
Used RV		100% of NADA Retail Value, up to $25,000 60 Months $0 - $15,000

96 Months $15,001 - $25,000		 Copy of Purchase Agreement and Insurance Binder

(Prime + 2.50%)		7.50%
Collector Vehicle
90% of certified appraisal by independant appraiser + Tax, up to $50,000 72 Months Copy of certified appraisal and Insurance Binder (Stated Amount or Classic Insurance) for appraised value with Collision Coverage.

(Prime + 1.00%)		6.00%
Quick Line$20,000 Max.

$1,000 Min.		 72 Months $1,000 - $10,000

120 Months $10,001 - $20,000

1 Year Draw Period		Copies of Filed Deed and Paid Taxes. Add CU to Homeowners Insurance.

CAPS:
2% Annual
5% Lifetime

(Prime + 1.00%)
6.00%
Home Equity
Line of Credit		$250,000 Max.

$20,000 Min.		 10 Year Draw Period

10 Year Repayment Period		 Copies of Filed Deed and Paid Taxes. Add CU to Homeowners Insurance.

CAPS: None

(Prime + 0.00%)
5.00%

Please note "Prime" is the Prime Lending Rate published on the first business day of the Quarter in The Wall Street Journal. (Note: We will use the Prime Rate of 5.25% through September 30, 2008.)



Questions? E-Mail Us at chefcu@aol.com


Copyright 2000, Central Hudson Employees Federal Credit Union, All Rights Reserved