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Loans

C-B-W Schools Federal Credit Union Loans

C-B-W Schools Federal Credit Union offers a full array of loan products to meet every need. Once you’re a member of the credit union you take advantage of our great lending programs that are sure to save you time and money.

No prepayment penalties apply and you can use payroll deduction or direct deposit to make your payments automatically, saving time and postage costs.

LOAN BENEFITS INCLUDE:

  • Great Interest Rates!
  • Convenient Payroll Deduction or Direct Deposit!
  • Transfer loans you have with other institutions to C-B-W and save!
  • Fast and Friendly Service!

Let us show you the credit union difference!

Auto

C-B-W offers auto loans for new and used vehicles.  Loans are also available for purchase of motorcycles and recreational vehicles.  Call and speak to one of our Member Services Representatives about rates and terms available.

Take advantage of our PRE-APPROVED auto loans, a wise way to purchase a vehicle. With a PRE-APPROVED auto loan, we will deduct .25% from the current loan interest rate. All you need is a general idea of how much you’ll need to borrow. After you’re PRE-APPROVED, you can concentrate on negotiating your best deal on the vehicle of your choice. The PRE-APPROVED amount can be adjusted after you determine exactly how much you need to borrow. Simply complete an application and have it PRE-APPROVED before going shopping for your vehicle. Check out our current low interest rates with a simple click of your mouse! Apply today, it’s easy!

Complete an application online, or call us and one of our friendly employees will mail or e-mail you an application.

Mortgage

C-B-W OFFERS CONVENTIONAL MORTGAGE LOANS

Financing the purchase of your new home has never been easier with our low interest mortgage loans.

Up to 20 year terms available on a monthly repayment schedule.
C-B-W finances up to 85% of the cost or appraised value, whichever is lower, for qualifying members
All mortgage loans will be held in-house and not sold
Check out our current low interest Rates!

Call one of our Member Service Representatives today, it’s easy!

Home Equity LOC

C-B-W offers a HOME EQUITY LINE OF CREDIT loan. A HOME EQUITY LINE OF CREDIT is a convenient way to borrow and can be a sophisticated financial tool at your disposal. It allows you to borrow money using the equity in your house as collateral.

Once your credit line has been established, you may draw on it as you need it by using special checks given to you when your line of credit is approved. You can then use the funds to make home improvements, purchase a vehicle, pay off high interest debts, pay education expenses, or some other purpose of your choice. It gives you peace of mind in knowing that funds are available if you need them, simply by writing a check. The interest you pay may be tax-deductible. C-B-W finances up to 85% of the fair market value of the property for qualifying members.

C-B-W’s HOME EQUITY LINE OF CREDIT loan is a variable interest rate loan with the interest rate adjusted semi-annually, March 1 and September 1.

We have a 5 year draw period and the repayment term is based on the amount of your credit line.

Check out our current interest rate with a simple click of your mouse.

Give us a call for more detailed information and an estimate on fees associated with the loan.

Home Equity

C-B-W Offers Its Members Home Equity Loans

Our Home Equity loan has a fixed interest rate with a one time disbursement. C-B-W finances up to 85% of the fair market value of the property for qualifying members.

The maximum term is 20 years.

Fees associated with this type of loan are very minimal and well below what you would be charged elsewhere. Give us a call today for more details!

Check out our current low interest rate with a simple click of your mouse.

Share Secured

Take advantage of one of the lowest interest rate loans C-B-W has to offer.

Use your savings account or a certificate of deposit to secure a loan and pay an interest rate of only 2% above the account securing the loan. For example, if you have a certificate of deposit earning 5.15% and use that certificate as security for a loan, your loan interest rate would be 7.15%.

You continue to earn high interest on your savings while paying low interest on your loan. We think this is a “good deal”.

Call today for more information and talk to one of our friendly employees. They’ll be glad to assist you.

Unsecured

C-B-W also offers unsecured loan for smaller purchases, minor home improvement or whatever need might arise.

Our unsecured loans go up to $5000 per member with a maximum term of 36 months or up to $7500 per member with a maximum term of 48 months

Student Loans

Whether you’re an undergraduate or graduate student, get money for school from Sallie Mae®.   Student loans from CBW Schools FCU in partnership with Sallie Mae® could help!

For borrowers attending a degree-granting institution, Sallie Mae® higher education loans are designed for the needs of undergraduate and graduate students.

  • Competitive interest rates

  • Multiple repayment options

  • No originations fees; no prepayment penalty1

Smart Option Student Loan® for Undergraduate Students

Plus, the graduate loan suite is designed to meet the needs of students in specific fields of study.

Find out which loan is right for you

Borrow responsibly

We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college.  Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.

These loans are made by Sallie Mae Bank or a lender partner.  CBW Schools FCU is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers.

Smart Option Student Loan and graduate loan products:  These loans are for students at participating degree-granting schools.  Smart Option Student Loan information is for undergraduates only.  Graduate Certificate/Continuing Education coursework is not eligible for MBA, Medical, Dental, and Law School Loans.  Students who are not U.S. citizens or U.S. permanent residents must reside in the U.S., attend a participating school in the U.S., apply with a creditworthy cosigner (who must be a U.S. Citizen or U.S. Permanent resident) and provide an unexpired government-issued photo ID to verify their identity.  Applications are subject to a requested minimum loan amount of $1,000.  Current credit and other eligibility criteria apply.

1Although we do not charge a penalty or fee if you prepay your loan, any prepayment will be applied as outlined in your promissory note – first to Unpaid Fees and costs, then to Unpaid Interest, and then to the Current Principal.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES AND BENEFITS AT ANY TIME WITHOUT NOTICE.

© 2021 Sallie Mae Bank.  All rights reserved.  Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are services marks or registered service marks of Sallie Mae Bank.  All other names and logos used are the trademarks or service marks of their respective owners.  SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.

 

Mastercard

Use Your Card. Get Rewarded.

Choose the C-B-W Schools Federal Credit Union credit card you want and shop in-store or online, pay bills, travel locally or abroad, and earn rewards every time you use your credit card.

Classic Credit Card: Classic Credit Card makes everyday purchases more rewarding with cash back1.

Rewards

  • Earn unlimited 1% cash back1 for every purchase

Ultimate Credit Card: Turn everyday purchases into rewards that you can redeem for gift cards and merchandise.

Rewards

  • Standard Rewards: Earn 1 Rewards Point2 for every $1 spent and redeem for travel, gift cards, merchandise and more.
  • Bonus Rewards: Earn 10,000 bonus points when you spend $3,000 in the first 90 days3.

World Credit Card: Create share-worthy experiences with added card benefits and rewards.

Rewards

  • Standard Rewards: Earn 1 Rewards Point4 for every $1 spent and redeem for travel, gift cards, merchandise, and cash back.
  • Bonus Rewards: Earn 25,000 bonus points when you spend $3,000 in the first 90 days5.

World Elite Credit Card: Travel like a VIP with amazing card benefits and rewards.

Rewards

  • Standard Rewards: Earn 1 Rewards Point6 for every $1 spent ‒ from VIP experiences to day-to-day activities, and redeem for travel, gift cards, cash back and more.
  • Bonus Rewards: Earn 50,000 bonus points when you spend $5,000 in the first 90 days7.

 For rates and fees* associated with the use of these cards, click here.

Mastercard® Benefits

  • Mastercard Zero Liability Protection8
      • Help protect against unauthorized card purchases.
  • Mastercard Global Service8
      • Global assistance, 24/7, for lost or stolen cards, emergency card replacement, and emergency cash advances.
  • Mastercard Airport Concierge9
      • Enhanced travel benefits while traveling.
  • Mastercard ID Theft Protection8
      • High-risk transaction monitoring and alerts, and white-glove restoration services.
  • Priceless® Experiences8
      • Access to exclusive experiences including dining, concerts, etc.

 

Online and Mobile Card Management

Easily and conveniently manage cards and users, view statements, make payments, set controls and alerts, plus much more online or via a mobile device.

Disclosures:

*For information about the rates, fees, other costs and benefits associated with the use of these cards, visit gonow.credit/cbwapply and refer to the disclosures accompanying the credit card applications.

1. Earn one Rewards Point (1% cash back) for each $1 spent on qualified purchases. The cash redemption value of each Reward Point is $0.01. Fractional Rewards Points will be rounded down to the nearest whole number. For example, if you make a qualifying purchase of $5.65, you will be awarded 5 Rewards Points. Rewards Points do not expire. You must request redemption of Rewards Points to receive cash back as a statement credit. See the uChoose Rewards® Program Terms and Conditions credit/rewards for redemption instructions and additional information

2. Earn one Rewards Point for each $1 spent on qualified purchases. Fractional Rewards Points will be rounded down to the nearest whole number. For example, if you make a qualifying purchase of $5.65, you will be awarded 5 Rewards Points. Rewards Points expire after 3 years from the accrual date. See the uChoose Rewards® Program Terms and Conditions credit/rewards for redemption instructions and additional information.

3. Ultimate Card Bonus Points Offer. You will earn 10,000 bonus points if you use your new credit card account to make any combination of Purchase transactions totaling at least $3,000 (exclusive of balance transfers, cash advances, fees, returns and adjustments) that post to your account within 90 days of the account open date. Points expire after three years. Redeem for travel, gift cards, merchandise and more.

4. Earn one Rewards Point for each $1 spent on qualified purchases. Rewards Points may be redeemed for cash back or other non-cash options. Fractional Rewards Points will be rounded down to the nearest whole number. For cash-back redemptions, each Rewards Point can be redeemed for a $.01 statement credit. For example, if you make a qualifying purchase of $5.65, you will be awarded 5 Rewards Points. Rewards points do not expire. You must request redemption of Rewards Points to receive cash back as a statement credit. See the uChoose Rewards® Program Terms and Conditions credit/rewards for redemption instructions and additional information.

5. World Card Bonus Points Offer. You will earn 25,000 bonus points if you use your new credit card account to make any combination of Purchase transactions totaling at least $3,000 (exclusive of balance transfers, cash advances, fees, returns and adjustments) that post to your account within 90 days of the account open date. Rewards Points do not expire and can be redeemed for travel, gift cards, merchandise and more. Cash back via statement credit.

6. Earn one Rewards Point for each $1 spent on qualified purchases. Rewards Points may be redeemed for cash back or other non-cash options. Fractional Rewards Points will be rounded down to the nearest whole number. For cash-back redemptions, each Rewards Point can be redeemed for a $.01 statement credit. For example, if you make a qualifying purchase of $5.65, you will be awarded 5 Rewards Points.  Rewards Points do not expire. You must request redemption of Rewards Points to receive cash back as a statement credit. See the uChoose Rewards® Program Terms and Conditions at credit/rewards for redemption instructions and additional information.

7. World Elite Card Bonus Points Offer. You will earn 50,000 bonus points if you use your new credit card account to make any combination of Purchase transactions totaling at least $5,000 (exclusive of balance transfers, cash advances, fees, returns and adjustments) that post to your account within 90 days of the account open date. Rewards points do not expire and can be redeemed for travel, gift cards, merchandise and more. Cash back via statement credit.

8. Mastercard, Priceless, Mastercard World Elite and the circles design are registered trademarks of Mastercard International Incorporated. Please refer to the Mastercard Guide to Benefits for more information.

9. For details on Mastercard Airport Concierge visit globalairportconcierge.com

These Credit Cards are issued by Fifth Third Bank, National Association. Member FDIC. Credit Cards are subject to credit review and approval.

Insurance Program

MEMBERS® Auto & Homeowners Insurance Program

You trust C-B-W Schools Federal Credit Union to provide you and your family with quality products and services to meet your financial needs. We’ve joined with a dedicated team of insurance professionals to bring you the MEMBERS® Auto & Homeowners Insurance Program.

  • The MEMBERS® Auto & Homeowners Insurance Program is the property and casualty coverage solution preferred by credit unions and their members.
  • Access convenient e-service, pay your bill or make changes to your policy, even report a claim.
  • Receive fast, easy access to claims service 24 hours a day.
  • Obtain a free, no-obligation quote.

Start saving today!

The MEMBERS Auto & Homeowners Insurance Program is made available by CUNA Mutual Insurance Agency, Inc. and underwritten by leading insurance companies. To the extent permitted by law, applicants are individually underwritten; not all applicants may qualify. Discounts are not available in all states and discounts vary by state. A consumer report from a consumer reporting agency and/or motor vehicle report will be obtained on all drivers listed on your policy where state regulations allow. The insurance offered is not a deposit and is not federally insured or guaranteed by your credit union.