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SCAM ALERT: SLFCU members have reported receiving fraudulent text messages and calls that appear to come from SLFCU. Always be cautious when you receive a call or text message from an unknown number or asking you to engage or click on links. Learn ways to recognize these types of scams at slfcu.org/Security.

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Sandia Laboratory Federal Credit Union Sandia Laboratory Federal Credit Union Go to main content
Routing #307083911|
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Savings, IRAs, Checking & Money Market

Power Money Market Account

Power Money Market Savings (w APY)
Effective Date: Tuesday, March 19th, 2024
BalanceDividend Rate 1APY2
$1.00 - $2,500.00 3.00% DR 3.04% APY
$2,500.01 - $5,000.00 1.50% DR 1.51% APY
$5,000.01 - $10,000.00 0.50% DR 0.50% APY
$10,000.01 - $15,000.00 0.25% DR 0.25% APY
$15,000.01 - $25,000.00 0.20% DR 0.20% APY
$25,000.01 and over 0.10% DR 0.10% APY

1Dividend rate and APY may change at the discretion of the Board of Directors.

2Annual Percentage Yield (APY) if dividends are not withdrawn during this term. Share accounts are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the US Government. Yields are determined at the time of investment. A savings account establishing membership with a $5 minimum deposit is required.

Savings Accounts & IRAs

Call 800.947.5328 to open an IRA.

Savings
Effective Date: Tuesday, March 19, 2024
TypeBalanceDividend Rate 3APY 4
Savings $100 - $9,999 0.10% DR 0.10% APY
IRA Savings $5 - $9,999 0.10% DR 0.10% APY
Savings & IRA Savings $10,000 - $49,999 0.15% DR 0.15% APY
Savings & IRA Savings $50,000 and over 0.15% DR 0.15% APY

Dividend rate and APY may change at the discretion of the Board of Directors.

Annual Percentage Yield (APY) if dividends are not withdrawn during the term. Share accounts are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the US Government. Yields determined at the time of investment.

Money Market Savings

Money Market Savings
Effective Date: Tuesday, March 19, 2024
BalanceMinimum BalanceDividend Rate 5APY 6
$2,500 - $9,999 $2,500.00 0.25% DR 0.25% APY
$10,000 - $24,999 $10,000.00 0.40% DR 0.40% APY
$25,000 - $49,999 $25,000.00 0.55% DR 0.55% APY
$50,000 and over $50,000.00 0.75% DR 0.75% APY

5 Dividend rate and APY may change at the discretion of the Board of Directors.

6 Annual Percentage Yield (APY) if dividends are not withdrawn during the term. Share accounts are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the US Government. Yields determined at the time of investment.
 

Checking Accounts

Checking
Effective Date: Tuesday, March 19, 2024
TypeBalanceDividend Rate 3APY 4
Money Manager 9 $500 and over 0.05% DR 0.05% APY
Quick Cash 10 $15 initial deposit N/A N/A

7 Dividend rate and APY may change at the discretion of the Board of Directors.

8 Annual Percentage Yield (APY) if dividends are not withdrawn during the term. Share accounts are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the US Government. Yields determined at the time of investment.

9 Annual Percentage Yield as of effective date. There is no monthly service charge on member's first two Money Manager checking accounts ($5 charge per month for each additional account); 10 ATM transactions per month at CU Anytime locations with no additional SLFCU service charge (additional transactions at CU anytime locations $0.50 and at other ATMs $0.75 each). Surcharges may be added at ATMs owned by other institutions, so look for CO-OP ATMs whenever you travel.

10 There is no monthly service charge on member's first two Quick Cash checking accounts ($5 per month for each additional account); 20 free ATM transactions per month at CU Anytime locations with no additional SLFCU service charge (additional transactions for $0.75 each). Surcharges may be added at ATMs owned by other institutions, so look for CO-OP ATMs whenever you travel.

Business Money Maker

Business Money Maker Account - First-Year Promotional Rate3

Business Money Maker - 1st Year Promotional Rate
Effective Date: Tuesday, March 19th, 2024
BalanceDividend Rate 1APY2
$0.01 - $2,499.99 0.25% DR 0.25% APY
$2,500.00 - $24,999.99 1.00% DR 1.01% APY
$25,000.00 - $49,999.99 1.25% DR 1.26% APY
$50,000.00 - $99,999.99 2.25% DR 2.28% APY
$100,000.00 - $249,999.99 2.75% DR 2.79% APY
$250,000.00+ 3.00% DR 3.05% APY

Business Money Maker Account

Business Money Maker
Effective Date: Tuesday, March 19th, 2024
BalanceDividend Rate 1APY2
$0.01 - $2,499.99 0% DR 0% APY
$2,500.00 - $24,999.99 0.75% DR 0.75% APY
$25,000.00 - $49,999.99 1.00% DR 1.01% APY
$50,000.00 - $99,999.99 2.00% DR 2.02% APY
$100,000.00 - $249,999.99 2.50% DR 2.53% APY
$250,000.00+ 2.75% DR 2.79% APY

Business Money Maker Accounts cannot be used for courtesy pay or bill payments in SLFCU online and mobile banking. 


1Dividend rate and APY may change at the discretion of the Board of Directors.
2APY = Annual Percentage Yield. DR = Dividend rate. APY applies if dividends are not withdrawn during the term. Share accounts are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the U S. Government. Yields are determined at the time of investment. Membership required.|
3Promotional APY is applicable to new Business Money Maker Accounts opened until 04/22/2024 and it remains in effect for one year from the account opening date. The promotional APY and DR will begin to accrue on the same business day a deposit is made to the account. After the promotional period ends, rates will be subject to the current rates in effect at the time. Account must be in good standing to earn the promotional APY. Available to existing and new SLFCU business members.

Term Certificates & IRA Term Certificates

Term Certificate Specials

Term Certificate Specials
Effective Date: Tuesday, March 19, 2024
TermMinimum Balance $500
13 months 4.25% DR
4.33% APY

Available to personal and business members; IRA certificate available only for personal members.

APY = Annual Percentage Yield, DR = Dividend Rate. APY if dividends are not withdrawn during the term. Share accounts are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the US Government. Yields determined at the time of investment. Dividend Rate and APY may change at the discretion of the Board of Directors. A penalty may be imposed for early withdrawal. SLFCU reserves the right to end this special at any time.

MEGA TERM CERTIFICATE SPECIAL

MEGA Term Certificate Special
Effective Date: Tuesday, March 19th, 2024
TermMinimum Balance $5,000Minimum Balance $25,000Minimum Balance $50,000Minimum Balance $75,000Minimum Balance $100,000
14 months 4.27% DR
4.35% APY
4.42% DR
4.51% APY
4.58% DR
4.67% APY
4.74% DR
4.84% APY
4.89% DR
5.00% APY

APY = Annual Percentage Yield. DR = Dividend Rate. APY if dividends are not withdrawn during the term. Share accounts are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the U.S. Government. Yields determined at the time of investment. Dividend rate and APY may change at the discretion of the Board of Directors. Minimum $5000 in new money is required, which means funds from sources other than SLFCU. Funds currently on deposit in an existing SLFCU account are not eligible and cannot be combined with other new money for this special offer. A penalty may be imposed for early withdrawal. Available to personal and business members. SLFCU reserves the right to end this special at any time.

FLEX Account

FLEX Certificate
Effective Date: Tuesday, March 19th, 2024
TermMinimum Balance $500
16 months 3.92% DR
4.00% APY

*APY = Annual Percentage Yield. DR = Dividend Rate. APY if dividends are not withdrawn during the term. Share accounts are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the U.S. Government. Yields determined at the time of investment. Dividend rate and APY may change at the discretion of the Board of Directors. If more than 50% of the balance is withdrawn, a penalty will be applied to the second 50% of the balance that is equivalent to 180 days' worth of dividends on the remaining amount. A penalty may be imposed for early withdrawal. Available to personal and business members.

Term Certificates

Term Certificates
Effective Date: Tuesday, March 19, 2024
TermMinimum Balance $500Minimum Balance $50,000Minimum Balance $100,000Minimum Balance $200,000
3 months 1.40% DR
1.40% APY
1.45% DR
1.45% APY
1.50% DR
1.51% APY
1.55% DR
1.56% APY
6 months 2.75% DR
2.78% APY
2.80% DR
2.83% APY
2.85% DR
2.88% APY
2.90% DR
2.93% APY
12 months 3.45% DR
3.50% APY
3.50% DR
3.55% APY
3.55% DR
3.60% APY
3.60% DR
3.65% APY
24 months 3.00% DR
3.04% APY
3.05% DR
3.09% APY
3.10% DR
3.14% APY
3.15% DR
3.19% APY
36 months 3.05% DR
3.09% APY
3.10% DR
3.14% APY
3.15% DR
3.19% APY
3.20% DR
3.24% APY
48 months 3.00% DR
3.04% APY
3.05% DR
3.09% APY
3.10% DR
3.14% APY
3.15% DR
3.19% APY
60 months 3.05% DR
3.09% APY
3.10% DR
3.14% APY
3.15% DR
3.19% APY
3.20% DR
3.24% APY

APY = Annual Percentage Yield, DR = Dividend Rate. APY if dividends are not withdrawn during the term. Share accounts are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the US Government. Yields determined at the time of investment. Dividend Rate and APY may change at the discretion of the Board of Directors. A penalty may be imposed for early withdrawal.

TERM CERTIFICATE WITH $500,000 MINIMUM BALANCE

Term Certificate with $500,000 Minimum Balance
Effective Date: Tuesday, March 19th, 2024
TermMinimum Balance $500,000
24 months 3.20% DR
3.24% APY

APY = Annual Percentage Yield, DR = Dividend Rate. APY if dividends are not withdrawn during the term. Share accounts are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the US Government. Yields determined at the time of investment. Dividend Rate and APY may change at the discretion of the Board of Directors. A penalty may be imposed for early withdrawal.

Bump Rate Certificates

Call 800.947.5328 to open an IRA.

18 Month Bump Rate
Effective Date: Tuesday, March 19, 2024
TypeMinimum Balance $500Minimum Balance $50,000Minimum Balance $100,000Minimum Balance $200,000
18 month Bump Rate Share Certificate 3.45% DR
3.50% APY
3.50% DR
3.55% APY
3.55% DR
3.60% APY
3.60% DR
3.65% APY
18 month Bump Rate IRA Share Certificate 3.50% DR
3.55% APY
3.55% DR
3.60% APY
3.60% DR
3.65% APY
3.65% DR
3.71% APY

APY = Annual Percentage Yield, DR = Dividend Rate. The dividend rate and APY of the 18-month "bump rate" certificate may be changed to the current dividend rate and APY one time during the term at the owner's option. 

APY if dividends are not withdrawn during the term. Share accounts are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the US Government. Yields determined at the time of investment. Dividend Rate and APY may change at the discretion of the Board of Directors. A penalty may be imposed for early withdrawal. 

IRA Term Certificates

Call 800.947.5328 to open an IRA.

IRA Term Certificates
Effective Date: Tuesday, March 19, 2024
TermMinimum Balance $500Minimum Balance $50,000Minimum Balance $100,000Minimum Balance $200,000
3 months 1.45% DR
1.45% APY
1.50% DR
1.51% APY
1.55% DR
1.56% APY
1.60% DR
1.61% APY
6 months 2.80% DR
2.83% APY
2.85% DR
2.88% APY
2.90% DR
2.93% APY
2.95% DR
2.99% APY
12 months 3.50% DR
3.55% APY
3.55% DR
3.60% APY
3.60% DR
3.65% APY
3.65% DR
3.71% APY
24 months 3.05% DR
3.09% APY
3.10% DR
3.14% APY
3.15% DR
3.19% APY
3.20% DR
3.24% APY
36 months 3.10% DR
3.14% APY
3.15% DR
3.19% APY
3.20% DR
3.24%APY
3.25% DR
3.29% APY
48 months 3.05% DR
3.09% APY
3.10% DR
3.14% APY
3.15% DR
3.19%APY
3.20% DR
3.24% APY
60 months 3.10% DR
3.14% APY
3.15% DR
3.19% APY
3.20% DR
3.24% APY
3.25% DR
3.29% APY

APY = Annual Percentage Yield, DR = Dividend Rate. APY if dividends are not withdrawn during the term. Share accounts are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the US Government. Yields determined at the time of investment. Dividend Rate and APY may change at the discretion of the Board of Directors. A penalty may be imposed for early withdrawal.

IRA TERM CERTIFICATE SPECIALS

IRA Term Certificates Specials
Effective Date: Tuesday, March 19th, 2024
TermMinimum Balance $500
13 months 4.25% DR
4.33% APY

Available only to personal members.

APY = Annual Percentage Yield, DR = Dividend Rate. APY if dividends are not withdrawn during the term. Share accounts are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the US Government. Yields determined at the time of investment. Dividend Rate and APY may change at the discretion of the Board of Directors. A penalty may be imposed for early withdrawal. SLFCU reserves the right to end these specials at any time.

IRA TERM CERTIFICATE WITH $500,000 MINIMUM BALANCE

IRA Term Certificate with $500,000 Minimum Balance
Effective Date: Tuesday, March 19th, 2024
TermMinimum Balance $500,000
24 months 3.25% DR
3.29% APY

APY = Annual Percentage Yield, DR = Dividend Rate. APY if dividends are not withdrawn during the term. Share accounts are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the US Government. Yields determined at the time of investment. Dividend Rate and APY may change at the discretion of the Board of Directors. A penalty may be imposed for early withdrawal.

Credit Cards

Credit Cards

Credit Cards
Effective Date: Tuesday, March 19, 2024
TypeAPR 1NotesFeatures
Visa Signature® 17.00% to
18.00%
This APR will vary with the market based on the Prime Rate. Earn 1.50% monthly rebate on purchases. No annual fee, no balance transfer fee
Visa Platinum® Rebate 16.50% to
18.00%
This APR will vary with the market based on the Prime Rate. Earn 1.00% monthly rebate on purchases. No annual fee, no balance transfer fee
Visa Platinum® Value 14.25% to
16.75%
This APR will vary with the market based on the Prime Rate. No annual fee, no balance transfer fee

1 APR = Annual Percentage Rate. No penalty APR. $5 cash advance fee, 1% international transaction fee. Up to $25 late payment fee, up to $25 over-the-credit-limit fee, up to $25 returned payment fee. Check with SLFCU for additional details.

Auto Loans

New & Used Automobiles

New & Used Automobiles
Effective Date: Tuesday, March 19th, 2024
TypeTerm APR 1Payment Per $1,000 Financed
New & Used Vehicle Up to 36 months As low as 5.99% APR $30.42
New & Used Vehicle 37-48 months As low as 6.75% APR $23.83
New & Used Vehicle 49-60 months As low as 6.70% APR $19.66
New & Used Vehicle 61-72 months As low as 6.80% APR $16.95
New Vehicle 73-84 months As low as 6.90% APR $15.04

APR = Annual Percentage Rate. Non-variable rate loans, 100% financing available including tax, title, license and extended warranties. All loans subject to credit approval. Available rate is based on credit history and location, and term and may be higher than rates listed here. Not everyone will qualify for the lowest rate. Rates subject to change without notice. Vehicles from the current or two previous model years and mileage =<25,000 qualify for new car rates.

Other Vehicles

Other Vehicles
Effective Date: Tuesday, March 19, 2024
TypeNotesTermAPR 3Payment Per $1,000 Financed
New Recreational Vehicles 80% financing available Up to 180 months As low as 6.99% APR $8.98
Used Recreational Vehicles Previous model year and up to 10 years old: 80% financing available Up to 180 months As low as 6.99% APR $8.98
New Motorcycles, ATVs, Boats, Boat Motors, Trailers 80% financing available Up to 120 months As low as 6.99% APR $11.61
Used Motorcycles, ATVs, Boats, Boat Motors, Trailers Previous model year and up to 10 years old: 80% financing available Up to 120 months As low as 6.99% APR $11.61

3 Fixed-rate loan; rates offered subject to change; not everyone will qualify for lowest rate. Available rate is based on credit history and location, and term and may be higher than rate(s) listed here. All loans subject to credit approval. Term based on amount financed.

First Mortgages (Fixed & ARMs)

7/1 Adjustable Rate Mortgages

Apply Now

7/1 Adjustable Rate Mortgage
Effective Date: Tuesday, March 19th, 2024
TypeTermRate 1st 7 YearsAPRCurrent Calculation of Rate Remaining Term1Payment Per $1,000 Financed
7/1 1st 30 Years As low as 6.250% As low as 6.565% 6.500% $6.24
Jumbo2 7/1 1st 30 Years As low as 6.250% As low as 6.565% 6.500% $6.24

APR = Annual Percentage Rate. Rate and payments adjust once every year after the first 7 years. Rate is variable and can increase by no more than 3.50% at the first adjustment and by no more than 2.00% at each 1-year adjustment with a lifetime cap of 5.00%.

Valid for adjustable rate first mortgages for owner occupied properties. Construction loans are excluded from this offer. Maximum loan-to-value is 80%. Rate for the remaining term adjusts once every year after the first 7 years and is based on the then-current index plus margin, rounded to the nearest eighth of a percentage point, and subject to the floor rate of 4.00%. Index is the one-month average yield of the 10-Year Treasury Note. Rates subject to change; check with SLFCU for current rates. Available rate based on credit history. Not everyone will qualify for the lowest rate. Third party fees may apply in certain circumstances. Additional fees may apply outside New Mexico. Survey fee may be required. You will receive an estimate of closing costs when you apply. Consult your tax advisor regarding the deductibility of interest. You must insure the property that secures the loan. Fees subject to change without notice. If loan does not close, fees incurred will be charged to the member. APR Calculations are based on the following loan amounts for properties located in New Mexico or California: Non-Jumbo: $180,000, Jumbo: $726,200. All loans subject to credit approval. Contact SLFCU for details.

1 Since the index in the future is unknown, the Current Calculation of the Rate for the Remaining Term displayed is based on the current index plus margin (fully indexed rate) as of the date above, subject to the floor rate of 4.00%

2 For loans over $726,200

15/15 Adjustable Rate Mortgages

Apply Now

15/15 Adjustable Rate Mortgages
Effective Date: Monday, March 18th, 2024
TypeTermRate 1st 15 YearsAPRPayment Per $1,000 Financed
15/15 1st 30 Years As low as 6.750% As low as 6.891% $6.49
Jumbo1 15/15 1st 30 Years As low as 6.750% As low as 6.891% $6.49

APR = Annual Percentage Rate. Rate and payments adjust only once at 15 years. Rate is variable and can increase by no more than 6.00% at the 15 year adjustment.

Valid for adjustable rate first mortgages for owner occupied properties. Construction loans are excluded from this offer. Maximum loan-to-value is 80%. Rate for the remaining term adjusts at 15 years and is based on the then-current index plus margin, rounded to the nearest eighth of a percentage point, and subject to the floor rate of 4.00%. Index is the one-month average yield of the 10-Year United States Treasury Security.  Rates subject to change; check with SLFCU for current rates. Available rate based on credit history. Not everyone will qualify for lowest rate. A $45 initial credit report fee applies to all loans. Third party fees may apply in certain circumstances. Additional fees may apply outside New Mexico. Survey fee may be required. You will receive an estimate of closing costs when you apply. Consult your tax advisor regarding the deductibility of interest. You must insure the property that secures the loan. Fees subject to change without notice. If loan does not close, fees incurred will be charged to the member. APR Calculations are based on the following loan amounts for properties located in New Mexico or California: Non-Jumbo: $180,000, Jumbo: $726,200. All loans subject to credit approval. Contact SLFCU for details.

1 For loans over $726,200

5/5 Adjustable Rate Mortgages

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Owner Occupied 1st
Effective Date: Tuesday, March 19th, 2024
TypeTermRate 1st 5 YearsAPRCurrent Calculation of Rate Remaining Term 1Payment Per $1,000 Financed
5/5 1st 30 Years As low as 6.375% As low as 6.565% 5.750% $6.32
Jumbo 2 5/5 1st 30 Years As low as 6.375% As low as 6.565% 5.750% $6.32
5/5 >80%3 1st 30 Years As low as 7.125% As low as 7.362% 6.250% $6.82
Jumbo 2 5/5 >80%3 1st 30 Years As low as 7.125% As low as 7.362% 6.250% $6.82

APR = Annual Percentage Rate. Rate and payments adjust only once every 5 years. Rate is variable and can increase by no more than 2.0% every five years with a lifetime cap of 5.0%. 4.00% floor rate applies beginning at first adjustment.

Valid for adjustable rate first mortgages for owner occupied properties. Construction loans are excluded from this offer. Maximum loan-to-value is 80%. Rate for the remaining term adjusts every five years and is based on the then-current index plus margin, rounded to the nearest eighth of a percentage point, and subject to the floor rate. Index is the one-month average yield of the 10-Year Treasury Note. Rates subject to change; check with SLFCU for current rates. Available rate based on credit history. Not everyone will qualify for lowest rate. A $45 initial credit report fee applies to all loans. Third party fees may apply in certain circumstances. Additional fees may apply outside New Mexico. Survey fee may be required. You will receive an estimate of closing costs when you apply. Consult your tax advisor regarding the deductibility of interest. You must insure the property that secures the loan. Fees subject to change without notice. If loan does not close, fees incurred will be charged to the member. APR Calculations are based on the following loan amounts for properties located in New Mexico or California: Non-Jumbo: $180,000, Jumbo: $726,200. All loans subject to credit approval. Contact SLFCU for details.

1 Since the index in the future is unknown, the Current Calculation of the Rate for the Remaining Term displayed is based on the current index plus margin (fully indexed rate) as of the date above, subject to the floor rate of 4.00%.

2 For loans over $726,200

3 For properties outside California: Up to 97% maximum loan-to-value for first-time homebuyers, 95% loan-to value for all other purchases.
   For properties in California: Up to 90% maximum loan-to-value.

Fixed Rate Mortgages

Apply Now

Fixed Rate Mortgages
Effective Date: Monday, March 18th, 2024
TermPointsRateAPRPayment Per $1,000 Financed
30 Year 0.375% As low as 6.625% As low as 6.789% $6.40
30 Year 0.000% As low as 6.750% As low as 6.865% $6.49
30 Year -0.375% As low as 6.875% As low as 7.005% $6.57
20 Year 0.500% As low as 6.375% As low as 6.604% $7.38
20 Year 0.000% As low as 6.500% As low as 6.666% $7.46
20 Year -0.250% As low as 6.625% As low as 6.792% $7.53
15 Year 0.125% As low as 6.500% As low as 6.727% $8.71
15 Year 0.000% As low as 6.625% As low as 6.834% $8.78
15 Year -0.125% As low as 6.750% As low as 6.960% $8.85
10 Year 0.125% As low as 6.375% As low as 6.693% $11.29
10 Year 0.000% As low as 6.500% As low as 6.792% $11.35
10 Year -0.125% As low as 6.625% As low as 6.919% $11.42

APR = Annual Percentage Rate. Valid for fixed rate first mortgages for owner occupied properties. Construction loans are excluded from this offer. Maximum loan to value is 80%. For higher loan to value, consult an SLFCU loan officer. Rates subject to change without notice. A $45 initial credit report fee applies to all loans. Third party fees will apply. Fees subject to change without notice. If loan does not close, fees incurred will be charged to the member. You will receive an estimate of closing costs when you apply. Consult your tax advisor regarding the deductibility of interest and discount points. You must maintain insurance on the property that secures the loan. APR calculations are based on a loan value of $180,000. All loans subject to credit approval. Contact SLFCU for additional details.

Second Mortgages & Home Equity CreditLines

Owner Occupied 2nd Mortgage Loans

Apply Now

Owner Occupied 2nd
Effective Date: Tuesday, March 19th, 2024
Type 1TermMaximum Combined LTVInitial RateAPRCurrent Calculation of Rate Remaining Term 2Payment Per $1,000 Financed
5/5 2nd w/ SLFCU 1st 20 Years 95% As low as 6.875% As low as 7.096% 5.875% $7.75

LTV = Loan-to-value. $45 initial credit report fee for all mortgages. Index is the one-month average yield of the 10-Year Treasury Note. Third party fees may apply in certain circumstances. Additional fees may apply outside New Mexico. Survey fee may be required. You will receive an estimate of closing costs when you apply. Consult your tax advisor regarding the deductibility of interest. You must insure the property that secures the loan. If loan does not close, fees incurred will be charged to the member. Subject to credit approval. Fees subject to change without notice. APR Calculations are based on the following loan amounts: Non-Jumbo: $180,000, Jumbo: $726,200. Available rate based on credit history. Not everyone will qualify for lowest rate.

1 Rate and payments adjust only once every 5 years. Rate is variable and can increase by no more than 2.0% every five years with a lifetime cap of 5.0%. 4.5% floor rate applies at first adjustment.

2 Since the index in the future is unknown, the Current Calculation of the Rate for the Remaining Term displayed is based on the current index plus margin (fully-indexed rate) as of the date above, subject to the floor rate for the product. Rates are rounded to the nearest eighth of a percentage point (0.125%)

Owner Occupied Home Equity CreditLines

Owner Occupied HELOC
Effective Date: Tuesday, March 19th, 2024
TypeTermMinimum LineRate 1st 3 MonthsAPRCurrent Rate Remaining Term 3Maximum Rate
1st 20 Years $35,000 As low as 6.875% As low as 7.096% 8.000% 14.75%
2nd w/
SLFCU 1st
20 Years $10,000 As low as 7.375% As low as 7.629% 8.500% 15.25%

No annual fee. Index is the six-month average yield of the 10-Year Treasury Note. Variable rate line of credit with quarterly rate adjustments not to exceed 0.50% each, and rate is capped so it will never be more than 7% above the origination rate. Payments adjust with every draw and once a year if necessary. A $45 initial credit report fee applies to all mortgage loans. Ten-year draw period; 20-year repayment period. Available rate based on credit history. Not everyone will qualify for lowest rate.

3 Since the index in the future is unknown, the Current Calculation of the Rate for the Remaining Term displayed is based on the current index plus margin (fully-indexed rate) as of the date above, subject to the floor rate for the product. Rates are rounded to the nearest eighth of a percentage point (0.125%)

Investment Properties

Non-Owner-Occupied Mortgage Loans

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Non-Owner Occupied
Effective Date: Tuesday, March 19, 2024
NameTypeTermInitial RateAPRPayment Per $1,000 Financed
Non-Owner Occupied 5/51 1st 30 year amortization As low as 7.750% As low as 8.031% $7.16
Home Equity CreditLine 2 1st 15 years As low as 8.375% As low as 8.704 $9.85
Home Equity CreditLine 2 2nd w/ SLFCU 1st 15 years As low as 8.875% As low as 9.245% $10.14
Vacant Land 3 1st 12 years As low as 7.375% As low as 7.629% $10.55

APR=Annual Percentage Rate. $45 initial credit report fee for all mortgages. Index is the six-month moving average of the yield of the 10-year U.S. Treasury Note. Third party fees may apply in certain circumstances. Additional fees may apply outside New Mexico. Survey fee may be required. You will receive an estimate of closing costs when you apply. Consult your tax advisor regarding the deductibility of interest. You must insure the property that secures the loan. Subject to credit approval. Fees subject to change without notice. APR Calculations are based on the following loan amounts: Non-Jumbo: $180,000, Jumbo: $726,200, Vacant Land: $100,000. Available rate based on credit history. Not everyone will qualify for lowest rate.

1 Variable rate loan adjusts up to 2.25% every five years and will not vary more than 4.5% from the rate at issue. 5.5% floor rate after origination. Loan payments adjusted every five years if necessary. Payments based on 30-year amortization, repayment term of 15 years with a balloon payment at end. Maximum loan to value is 75%.

2 Variable rate loan adjusts quarterly with adjustment not to exceed 0.5% and will not vary more than 7.0%. 5.5% floor rate. Five year draw period and a 15-year repayment period. Payments adjust with every draw and once a year if necessary. Jumbo loans are available; contact SLFCU for details. 

3 Variable rate loan adjusts up to 2% annually and will not vary more than 6% from the rate at issue. 5% floor rate. Loan payments adjusted every year if necessary. Maximum loan to value is 75%.

Personal Loans, Lines of Credit, and Secured Loans

Personal Loans/Lines of Credit

Personal Loans/Lines of Credit
Effective Date: Tuesday, March 19, 2024
TypeTermAPR
Signature Loan To 48 months As low as 9.74%
Signature Loan 49-60 months As low as 10.24%
Signature CreditLine 1 60 months from the last draw As low as 10.49%

Adjustable rate loan, subject to change, not everyone will qualify for lowest rate. Available rate is based on credit history and term and may be higher than rate(s) listed here. All loans subject to credit approval. Term based on amount financed.

Borrow up to your approved credit limit.
 

Secured Loans

Secured Loans
Effective Date: Tuesday, March 19, 2024
TypeTermNotes
Savings Secured Loan Up to 60 months Contact SLFCU for details.
Certificate Loan Up to 60 months Contact SLFCU for details.
Certificate CreditLine 60 months from the last draw Contact SLFCU for details.

Variable rate loan. All loans subject to credit approval. Special conditions apply. Check with credit union for details.

Student Loans & Student Loan Consolidation

Student Loans & Student Loan Consolidation

Apply for a student loan

Apply for Consolidation

Education
Effective Date: Tuesday, March 19, 2024
TypeNotesTermAPR 1
Private Student Loan Borrow up to $30,000 annually Up to 180 months View current rates
Private Student Loan Consolidation Consolidate up to $125,000 Undergrad OR $250,000 Graduate Up to 180 months View current rates

1 Variable rate loan. 4.0% floor rate. All loans subject to credit approval. Special conditions apply. Check with credit union for details.

 

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