Rates 

Effective  April  1,  2014 

Savings Certificates & Individual Retirement Accounts (IRAs)*

$500.00 minimum balance required

  
 Term  Dividend Rate  APY(1)
3 months .200% .200%
6 months .250% .250%
12 months .400% .400%
12 months Jumbo(2) .500% .500%
13 months .450% .450%
18 months .500% .500%
24 months .600% .600%
25 months .650% .650%
30 months .700% .700%
33 months .800% .800%
36 months .900% .900%
50 months 1.090% 1.100%
60 months 1.240% 1.250%

(1)  APY = Annual Percentage Yield.

(2)  $100,000 minimum to open.

Any withdrawal of principal from certificates before maturity will be subject to penalty.

Dividends are subject to credit union earnings and are officially declared at the end of the dividend period. On IRA accounts, substantial tax penalties may be imposed under IRS regulations for withdrawal prior to age 59 1/2. IRA accounts are insured to $250,000; other accounts insured to $250,000 by the NCUA (National Credit Union Administartion) and other savings accounts are insured to $250,000 by the NCUA and backed by the full faith and credit of the United States Government.

Effective  April 1, 2014

Savings Accounts

$5.00 minimum to open

                    
 Type/Term  Dividend Rate  APY(1)
Daily Money Market (2) .250% .250%
Coverdell Education Savings .200% .200%
Regular Savings .200% .200%
Special Savings .200% .200%
Club Accounts - Holiday & Vacation .200% .200%
IRA Savings (3) .200% .200%
Early Advantage (4)  2.960% 3.000%
Early Advantage (5) .200% .200%

(1)  APY = Annual Percentage Yield

(2)  $1,000 minimum balance required to open and earn dividends.

(3)  On IRA accounts, substantial tax penalties may be imposed under IRS regulations for withdrawal prior to age 59 1/2.

(4)  To open an Early Advantage Account, the primary must be 17 years of age or younger.  For minors under the age of 13, we require a parent or legal guardian as a joint owner on the account.  Limit one Early Advantage Account per minor.  This rate applies to balances up to $500.

(5)  Dividend rate earned on all Early Advantage Account balances over $500.

Dividends are subject to credit union earnings and are officially declared at the end of the dividend period.  Rates subject to change on a monthly basis.

Your savings are federally insured up to $250,000 and backed by the full faith and credit of the United States Government.

Effective April 1, 2014 

Money Market Savings Account

$5.00 minimum to open

BalancesDividend RateAPY(1)
Under $1,000 .150% .15%
$1,000-$9,999 .200% .20%
$10,000-$24,999 .250% .25%
$25,000-$49,999 .300% .30%
$50,000-$74,999 .350% .35%
$75,000-$99,999 .400% .40%
$100,000 and over .500% .50%

(1)  APY = Annual Percental Yield

Dividends are subject to credit union earnings and are officially declared at the end of the dividend period.  Rates are subject to change on a monthly basis, any change will be made by 5:00 pm, effective the next day.

Your savings are federally insured to $250,000 and backed by the full faith and credit of the United States Government.




Money Market Checking Account

$1000.00 minimum deposit

Dividend RateAPY
   
   

 

Rates Effective as of April 16, 2014  and are subject to change without notice. 

APR = Annual Percentage Rate.
$ per $1,000 means Monthly Payment per $1,000 borrowed.

Mortgage Rates1

Type Interest Rate APR Points $ Per $1,000 Terms

30 Year Fixed

4.625%

4.652%

0.0

$5.14

Maximum 80% LTV
Minimum Loan: $100,000.

30 Year Fixed

4.375%

4.498%

1.125

$4.99

20 Year Fixed

4.250%

4.287%

0.00

$6.19

20 Year Fixed

4.000%

4.197%

1.375

$6.06

15 Year Fixed

3.625%

3.671%

0.00

$7.21

15 Year Fixed

3.375%

3.586%

1.125

$7.09

5/1 Adjustable2

2.990%

3.030%

0

$4.21

3/1 Adjustable2

2.750%

2.962%

0

$4.08

8 Year Advantage Mortgage3

As low as 2.99%

2.99%

0

$11.72

Refinances only.
Maximum 80% LTV.
Minimum Loan: $25,000.
Maximum Loan: $250,000.
$499 nonrefundable application fee.

12 Year Advantage Mortgage3

As low as 3.29%

3.29%

0

$8.41

8 Year Advantage Mortgage3

As low as 3.19%

3.19%

0

$11.82

Refinances only.
Maximum 80% LTV.
Minimum Loan: $250,001.
Maximum Loan: $350,000.
$899 nonrefundable application fee.

12 Year Advantage Mortgage3

As low as 3.49%

3.49%

0

$8.51

 

 

1 Rates above assume “A” quality credit. Actual rates may differ depending on the loan terms, purpose, property type and the applicant(s) credit score(s). Taxes and insurance not included in $ per thousand.   Interest Rate may be locked for up to 60 days (Purchase or Refinance) at time of application.  All application fees are nonrefundable.  Loans available for owner-occupied Connecticut properties only. Co-ops are not eligible.

230 Year amortization (term).  Maximum 80% LTV Minimum Loan: $100,000.

3This program is for eligible single family, owner occupied dwellings in Connecticut. Mortgage must be a first lien. Rate includes a .25% discount for automatic payment from a Sikorsky Credit Union account.

Terms and conditions apply.


 

Effective March 7, 2013 

Home Equity Rates

     
 Type Term   APR
Home Equity Fixed Rate Loan (HEFIX) (1) (3) 1st Lien Positon

5 years


as low as 3.490%
  10 years as low as 4.740%
  15 years *Call for current rate
  2nd Lien Positon

5 years 
 

as low as 3.790% 
  10 years    as low as 4.990%
  15 years   as low as 5.740%
       
       

APR = Annual Percentage Rate.  Actual rate may vary. This is the minimum rate that Sikorsky Credit Union may charge. Your rate will be determined by your credit history and term of the loan. Subject to credit evaluation. 

Rate includes a .25% discount for automatic payment from a Sikorsky Credit Union account.

(1)  For Home Equity Loans up to 80% of the value minus any remaining mortgage balance.

(2)  No application fee.  For Connecticut owner occupied properties only.  Method to determine value is at the sole discretion of Sikorsky Credit Union and may be other than a full appraisal.  Minimum loan is $10,000.  Refinance Fixed Rate Equity Loan Applications must add at least $10,000 to an existing fixed rate equity loan balance or pay a $325 non refundable  application fee.  We reserve the right to limit no fee refinances to two times during any five (5) year period.

     
 Type Minimum Line Available Initial Period Rate  APR
Home Equity Line of Credit (HELOC) (1) $15,000

4.00% variable

 

4.00%
       
(1) CURRENT INDEX USED: 3.25% [ "INDEX": The "Index" is the highest U.S. Prime Rate as published in the Wall Street Journal on the first publication day of each month. After the initial period, your rate will change on the first day of any month a new index is in effect. If the index changes during a month, other than on the first day, your rate will change effective on the first (1st) day of the month following a change in the index. If the index becomes unavailable or Sikorsky Credit Union is prohibited from using this index, we will choose a comparable interest rate index which is readily verifiable by you.]

Up to 80% (HELOC) of the property value minus the first mortgage balance. Method for Determination of value is at the sole discretion of Sikosky Credit Union.

TERM: 20 Years: Access line and interest only payment required for the first ten (10) years. After 10 years, access is stopped. The required payment is then amortized to pay principal and interest due within the remaining ten (10) years.

The interest rate is fixed at the starting rate during the initial period ("initial period") After the initial period, the rate is Prime -0.75% if prior month ending balance is $25,000 or greater, or Prime +0.25% if priormonth ending balance is below $25,000. The interest rate will never go below 4.00% (the "floor") nor above 17.50% (" the cap").

Effective Novembe 1, 2013 

Auto & Other Loan Rates

Type

Term

APR* As low as

New Auto Loans (1)

Up to 48 months (other rates avail. up to 78 months)

2.39%

Used Auto Loans(1)

Up to 48 months (other rates avail. up to 72 months)

2.39%

Auto Refinance (2)

Up to 48 months

2.39%

Auto Refinance (2)

49 to 60 months

2.49% 

Auto Refinance (2)

61 to 66 months

2.99%

New Boat (3)

Up to 60 months (other rates avail. up to 144 months)

5.49%

Used Boat  (3)

Up to 60 months (other rates avail. up to 72 months)

5.99%

New Motorcycle (4)

Up to 36 months (other rates avail. up to 72 months)

2.99%

Used Motorcycle (4)

Up to 36 months (other rates avail. up to 72 months)

3.49%

New RV/Trailer (5)

Up to 60 months

8.75%

Used RV/Trailer 

Up to 48 months

9.25%

Personal Loan (6)

Up to 60 months

9.74%

Advantage Loan (7)

Up to 36 months

8.99%

Line One Line of Credit (8)                              

Open End

13.00%

 

* APR = Annual Percentage Rate

Actual rates may vary.  Rate includes a .25% discount for automatic payment from a Sikorsky Credit Union account. This is the minimum rate that Sikorsky Credit Union may charge.  Your rate will be determined by your credit history and term of the loan.  Subject to credit evaluation. Terms and conditions may apply. For qualified borrowers only. Rates are subject to change without notice.

(1) Used auto rates apply to model years 2009 or newer. Older used vehicle (model years 2004-2008) terms and rates also available.  

(2) These rates apply to vehicle model years 2009 or newer. Existing Sikorsky Credit Union auto loans are NOT eligible. Older used vehicle (model years 2004-2008) terms and rates also available.  Standard vehicle financing guidelines apply.

(3) Used boat rates apply to model years 2012-2014.  Other used boat (model years 2008-2011) terms and rates also available.  
 
(4) New/used motorcycle loans up to 100% financing available.
 
(5) New RV loans up to 110% of purchase price plus tax and license. 
 
(6) An unsecured loan with a maximum loan amount of $25,000 on one signature with terms up to 60 months.  A .25% rate discount does not apply.

(7) Maximum Advantage Loan amount $5,000, subject to credit approval. Existing Sikorsky Credit Union Loans are not eligible.

(8) An unsecured personal line of credit which allows access to a line of credit up to $15,000.

Contact the Lending Department at (203) 377-2252 for specific details.

Effective October 1, 2010 

Credit Card Rates

$5.00 minimum to open

 Type/Term                                                                    Term                  Current Variable APR
VISA Classic (1)  Open End 12.90%
VISA Platinum (2)  Open End 9.75%
Student VISA (3) Open End 12.90%

(1) Credit lines available from $500 to $25,000. Your APR may vary. The rate is determined by adding 9.65% for purchases, cash advances and balance transfers to the Prime Rate on the last business day of the preceding month. 

(2) Credit lines available from $500 to $25,000. The rate is determined by adding 6.50% for purchases, cash advances and balance transfers to the Prime Rate on the last business day of the preceding month. "Scorecard Program"—every retail dollar charged earns redeemable points. Points expire in 48 months, each year thereafter points will expire yearly.

(3) Credit lines available from $500 to $1,500. The rate is determined by adding 9.65% for purchases, cash advances and balance transfers to the Prime Rate on the last business day of the preceding month. "Scorecard Program"—every retail dollar charged earns redeemable points. Points expire in 48 months, each year thereafter points will expire yearly.

No annual fee. Your APR (Annual Percentage Rate) may vary. The Prime Rate used to determine your APR is published in the "Money Rates" table of the Wall Street Journal on the last business day of the preceding month.