Current Rates
Checking
CHECKING ACCOUNTS
| Account Type | Rate APY | Minimum Balance to Earn Dividend |
|---|---|---|
| *Earnings Checking | 0.10% | $750 |
| *Earnings Plus Checking | 0.20% | $2,500 |
| Totally Free Checking | 0% | $0 |
Call us today at (518) 382-0605 or 1-866-SUNMARK to open an account or get more information.
All rates and terms are subject to change without notice. For current rates call 518-382-8433 or 800-462-8449. Please refer to your Terms and Disclosures or contact any Sunmark FCU employee for more detailed savings information.
* Fees could reduce earnings.
Savings
MONEY MARKET
| Account Type | APY | Minimum Balance to Earn Dividend |
|---|---|---|
| Money Market Account | 0.30% | $500 |
| 0.30% | $10,000 | |
| 0.45% | $25,000 | |
| 0.65% | $40,000 | |
| 0.75% | $100,000 | |
Call us today at (518) 382-0605 or 1-866-SUNMARK to open an account or get more information.
All rates and terms are subject to change without notice. For current rates call 518-382-8433 or 800-462-8449. Please refer to your Terms and Disclosures or contact any Sunmark FCU employee for more detailed savings information.
Share Accounts
| Account Type | APY | Minimum to Earn Dividend |
|---|---|---|
| * Regular IRA Share Savings | 0.20% | No minimum |
| 0.50% | $10,000 | |
| 0.75% | $40,000 | |
| Silver Savings Plan | .20% | $100 |
| Special Event Savings Plan & Holiday Savings Plan accounts |
.20% | $100 |
| Moola Moola Kids' Club & Young Adult Savings Plan accounts |
.40% | $25 |
| Membership Savings Plan | .20% | $5 |
| .20% | $500 | |
| .20% | $2,500 | |
| .20% | $5,000 |
For more information on our savings products,
call us at (518) 382-0605 or 1-866-SUNMARK.
All rates and terms are subject to change.
* A penalty may be imposed for early withdrawal.
CERTIFICATES
| Account Type | APY | Term | Minimum | Remarks |
|---|---|---|---|---|
| * Regular Share Certificates | 0.50% | 90 Days | $500 | Additional deposits permitted |
| 0.50% | 6 Months | $500 | Additional deposits permitted | |
| 1.59% | 11 Month Special | $500 or more | No additional deposits | |
| 0.65% | 1 Year | $500 | Additional deposits permitted | |
| 1.25% | 2 Years | $500 | Additional deposits permitted | |
| 1.50% | 3 Years | $500 | Additional deposits permitted | |
| 2.00% | 4 Years | $500 | Additional deposits permitted | |
| 2.20% | 5 Years | $500 | Additional deposits permitted | |
| * IRA Share Certificates | 1.59% | 11 Month Special | $500 or more | No additional deposits |
| 0.65% | 1 Year | $500 | ||
| 0.68% | 18 Months** | $5 | ||
| 1.25% | 2 Years | $500 | ||
| 1.50% | 3 Years | $500 | ||
| 2.00% | 4 Years | $500 | ||
| 2.20% | 5 Years | $500 |
* 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 thea account without being charged an early withdrawal penalty. A penalty may be imposed for early withdrawal.
** 18-Month Variable IRA Share Certificate: Your dividend rate and annual percentage yield may change monthly based on the average weekly 6-month T-bill auction rate for the previous month and adding 50 basis points, or at any time at the discretion of Sunmark's Board of Directors.
Mortgages
MORTGAGE RATES
| Term | Rate | Points | APR |
|---|---|---|---|
| 30 Year Fixed Mortgage | 5.000% | 0 | 5.135% |
| 20 Year Fixed Mortgage | 4.750% | 0 | 4.894% |
| 15-year fixed rate | 4.375% | 0 | 4.499% |
| FHA 30-year fixed rate | 5.250% | 0 | 5.999% |
| FHA 15-year fixed rate | 5.500% | 0 | 6.236% |
Need assistance in choosing a mortgage, have questions about the application process or need guidance in filling out your mortgage application? Want to check the status of your application? Contact us:
| By Phone: 800-990-6653 ext. 3512 Natalie Falk (518) 694-6383 Joanne Gomula (518) 817-2308 Melissa Klapp (518) 694-6381 Angela Hoag (518) 694-6382 Alissa Sykes (518) 605-9906 |
By Mail: Sunmark Mortgage Department 1187 Troy Schenectady Road Latham, NY 12110 |
By Email: mortgage@sunmarkfcu.org
By Fax: (518) 389-1021
The annual percentage rate (APR) may vary. Unless otherwise indicated, information is based on a loan amount of $200,000; credit score above 720; and LTV below 80%. Your actual APR may be different.
RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE!—For additional mortgage rate information please contact a member of the mortgage department.
30 Year Fixed Mortgage
This mortgage, offering a low fixed rate for a 30-year term, is ideal for buyers who want stable payments and the lowest possible payment. This mortgage option provides maximum interest deduction for tax savings and may require a lower downpayment than some of the lower term fixed rate mortgages.
20 Year Fixed Rate Mortgage
This mortgage, offering a low fixed rate for a 20-year term, is ideal for those who want a lower monthly payment than the 15-year fixed rate mortgage and/or want tax benefits, at least in the early years, that are comparable to the 30-year term, but still want to save more interest over the life of the loan than they would on a 30-year fixed rate mortgage. It also may be easier for some to qualify for a 20-year loan than lower term mortgages.
15 Year Fixed Rate Mortgage
This mortgage, offering a low fixed rate for a 15-year term, is ideal for someone who has a large downpayment, but finds a 15 year payment more affordable than the 10 year payment.
Sunmark offers additional other term loans, please contact a member of Sunmark's Mortgage Department.
Loans & Lines of Credit
NEW AND USED VEHICLES
| Account Type | APR | Term/Repayment | Remarks |
|---|---|---|---|
| New Vehicles and Motorcycles (2008 or newer) and Refinanced Non-Sunmark Loans |
as low as 3.55% |
Up to 72 months | Rates are based on checking relationship with automatic payment discount*, amount of down payment or trade-in value toward purchase price, and member's overall credit history. |
| Used Vehicles and Motorcycles (2007 or older) and Refinanced Non-Sunmark Loans |
as low as 4.15% |
Up to 60 months | Rates are based on checking relationship with automatic payment discount*, amount of down payment or trade-in value toward purchase price, and member's overall credit history. |
| New and Used ATVs and Snowmobiles |
7.64% | 2-4 years | Automatic payment discount* |
| 8.00% | 5 years | Automatic payment discount* | |
| New and Used Boats, Motor Homes, Travel Trailers |
6.65% | 2-4 years | Automatic payment discount* |
| 6.90% | 5 years | Automatic payment discount* | |
| 7.65% | 6+ years** | Automatic payment discount* |
To get your auto loan rate quote today, call us at (518) 382-0605 or 1-866-SUNMARK.
*Automatic Payment Discount: Rates include 0.25% discount with automatic payment from a Sunmark checking account and a monthly direct deposit of at least $500. Cancellation of the automatic payment, Sunmark Checking or direct deposit of at least $500 will result in your loan rate increasing by the amount of the discount.
** Loan rates are determined by each member's overall credit history.
All rates and terms are subject to change.
PERSONAL LOANS
| Account Type | APR | Repayment Period | Maximum Amount |
Remarks |
|---|---|---|---|---|
| Personal Line of Credit | 12.50% | Revolving | $25,000 | Automatic Payment Discount* |
| Overdraft Line of Credit | 9.50% | Revolving | $10,000 | Prime plus 6.25%, adjusted quarterly. Tied to Share Checking. |
| Secured Personal Loan | 5.00% | 10 Years | $50,000 | Secured by Shares |
| 7.25% | 5 Years | $50,000 | Secured by Share Certificate | |
| 8.75% | 5 Years | $100,000 %50 of stock value |
Secured by Stock |
*Automatic Payment Discount: For the designated loans listed in the above tables, you may receive a 0.25% discount on your loan rate when you elect to repay your loan with automatic monthly transfers to your loan from a Sunmark checking account with direct deposit of at least $500 per month. Cancellation of the automatic payment, Sunmark Checking or direct deposit of at least $500 will result in your loan rate increasing by the amount of the discount. Prime is 3.25% as of December 17, 2009.
HOME EQUITY LOANS
| Account Type | APY | Term/Repayment | Maximum Amount | Remarks |
|---|---|---|---|---|
| Home Equity Loan† | 5.49% | Up to 20 years | Less than or equal to 80% of equity | Minimum $10,000; First Lien Position |
| 5.99% | Up to 20 years | Less than or equal to 80% of equity | Minimum $10,000; Second Lien Position | |
| Home Equity Line of Credit†± | 5.00% | 5 Year Draw (renewable) - 15 Year Repayment | Less than or equal to 80% of equity | Prime + 1.75%. Lifetime rate cap of 2% from non-discounted rate. Minimum line amount of $10,000. |
*Automatic Payment Discount: Rates include 0.25% discount with automatic payment from a Sunmark checking account and a monthly direct deposit of at least $500. Cancellation of the automatic payment, Sunmark Checking or direct deposit of at least $500 will result in your loan rate increasing by the amount of the discount.
± Home Equity Lines of Credit are subject to a 1% annual rate cap AND a 2% lifetime cap from the non-discounted rate. There is a rate floor of 5%. Variable rate loan products, such as those based on prime, are subject to rate changes without notice.
Loan rates are determined by each member's overall credit history and loan to value. Prime is 3.25% as of December 17, 2009.
