Auto Loans
Savings is a first year estimate based on a purchase of a new vehicle with an auto loan balance of $30,000. Actual savings may vary. BCU rate accurate as of 7/1/20 and subject to change. BCU rate applies to 2020 and newer vehicles with a loan term of up to 60 months (based on credit worthiness), up to 100% LTV (loan to value). The rate listed also assumes an automatic payment method and includes a 0.50% discount for having two of the following relationships: direct deposit of at least $500 or more into your credit union checking account; at least $25,000 on deposit with the credit union; or a loan in good standing. Qualifying loans include mortgage, home equity, auto, and credit card. A qualifying loan must have a current balance and credit cards must have a transaction within the past 30 days. Industry average rate based on best car loan rates from Bankrate.com as of 7/1/20.
Auto Buying Service
Between 1/1/19 and 12/31/19, the average savings off MSRP experienced by consumers who connected with a TrueCar Certified Dealer through the Baxter Credit Union Auto Buying Program and who were identified as buying a new vehicle from that Certified Dealer was $3,422. Your actual savings may vary based on multiple factors, including the vehicle you select, region, dealer, and applicable vehicle-specific manufacturer incentives, which are subject to change. The MSRP is determined by the manufacturer and may not reflect the price at which vehicles are generally sold in the dealer's trade area, as many vehicles are sold below MSRP. Each dealer sets its own pricing.
Cash Rewards Visa
The projected savings are for illustrative purposes only and your actual savings may differ based on the account terms and conditions, rates and fees. The projected savings are based on estimates; there is no guarantee of savings either expressed or implied.
Member value is based on the Cash Rewards Visa assuming an average annual spend of $10,000 and a standard cash rebate of 1.50% on all qualifying purchases in the first year compared to a credit card with no cash back rewards. You will automatically earn 1.5% cash back on net purchases (purchases less any credits, returns, and adjustments). Cash advances, balance transfers, and checks used to access your account are not considered purchases and will not earn rewards. Offer only available on new accounts. You will receive $100 cash bonus after making purchases totaling at least $1,000 (exclusive of credits, returns and adjustments) that post to your account within 90 days of the account open date. Account must be in good standing to receive the cash bonus.
Home Equity LOC
The projected savings are for illustrative purposes only and your actual savings may differ based on the account terms and conditions, rates and fees. The projected savings are based on estimates; there is no guarantee of savings either expressed or implied. Applicable to U.S. service offerings only excluding Puerto Rico.
Average Credit Union member savings of $673.51 is based on an internal study performed 6/19/2018. Overall savings based on interest paid over 1 year after consolidating $6,354 in credit card debt, the average balance on credit cards in 2017 according to Experian.com, with a BCU interest only home equity line of credit (IO HELOC). Comparison made between BCU’s average APR for IO HELOCs in Q1 2018 and the Q1 2018 average rate for an interest assessed credit card plan according to the Federal Reserve.
APR is Annual Percentage Rate. The APR is a variable rate based on the highest Prime Rate published in the “Money Rates” section of The Wall Street Journal on the first business day of the calendar month. The APR on BCU’s equity line products vary between 2.99% and 18.00%, depending on your approved commitment amount, product and credit qualifications. Rates shown assume an automated payment method. Closing costs vary by state and range from $700-$1300. Closing costs paid by BCU are limited to appraisal, flood determination, title insurance and recording fees. Costs to satisfy certain prior liens may be assessed. Property insurance is required; flood insurance may be required. Offer applies to owner-occupied residential 1-4 family properties and is subject to no less than a second lien position on your property and is subject to our underwriting standards. Consult your tax advisor regarding the deductibility of interest. All loans subject to final credit approval, which includes verification of application information and receipt of collateral documents.
First Mortgage
The projected savings are for illustrative purposes only and your actual savings may differ based on the account terms and conditions, rates and fees. The projected savings are based on estimates; there is no guarantee of savings either expressed or implied. Applicable to U.S. service offerings only excluding Puerto Rico.
Total saving based on a combination of $2,173 first year through a BCU SmartBuyer mortgage with no PMI and the $1,545 average cash reward earned purchasing a home through the HomeAdvantage program. PMI savings calculated based on an internal study performed 1/18/2018. Actual PMI rates vary based on several factors including loan amount, FICO, and loan to value. The $181 per month ($2,173 per year) is an estimate of what members would have paid in PMI had they opted for a different loan program and is based on an internal study of SmartBuyer loans indicating an average FICO of 714, an average loan-to-value of 96.29% and an average loan amount of $241,413. Example PMI rates can be located here: https://micu.archcapgroup.com/Rate-Sheets. The HomeAdvantage program is made available to you through a relationship between BCU and CU Realty Services. Program Cash Rewards are awarded by CU Realty Services to buyers and sellers who select and use a real estate agent in the HomeAdvantage network. Home buyers or sellers are not eligible for Cash Rewards if they use an agent outside this network. Using BCU for a mortgage is not a requirement to earn Cash Rewards. Cash Rewards amounts are dependent on the commissions paid to the agent. BCU may have specific rules on how you Cash Rewards will be paid out. Cash Rewards incentives are available in most states; however, are void where prohibited by law or by the lender. Please consult with your credit union to get details that may affect you.
All loan applications are subject to a full underwrite and require verification of income, assets, employment and rental history if applicable. All loans are also subject to final credit approval, which includes verification of application information and receipt of collateral documents. This offer applies to owner-occupied residential properties only. (Single family homes, condos and townhomes). To qualify for Home Advantage Program, you must demonstrate that you haven’t owned a home in the last three years.
PowerPlus Checking
The projected savings are for illustrative purposes only and your actual savings may differ based on the account terms and conditions, rates and fees. The projected savings are based on estimates; there is no guarantee of savings either expressed or implied. Applicable to U.S. service offerings only excluding Puerto Rico.
Average BCU Credit Union member savings of $261.63 per year based on an internal study performed 12/31/2017. Calculation based on a blended rate of 0.89% APY (annual percentage yield) paid out to members in PowerPlus Checking compared to a 0.39% APY market average rate for interest checking per Bloomberg, in addition to ATM refunds paid to members, no foreign ATM fees charged for non-BCU ATM usage, two days of additional interest income from Enhanced Direct Deposits, $29 overdraft fee versus average fee of $34 (see CFPB report), and no overdraft transfer fees compared to the $10-$12 fees generally applied (nerdwallet). See Service Charges and Fees Schedule in BCU Deposit Account Agreement for further terms and conditions of PowerPlus Checking.
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