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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 share certificate to secure a loan and pay an interest rate of only 2% above the account securing the loan. For example, if you have a share certificate 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 $10,000 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.

Credit Card

Credit Cards to satisfy all your personal or business needs.

Personal Credit Cards

Choosing the right credit card is easier than ever.  Whether you want to pay down balances faster, maximize cash back, earn rewards or begin building your credit history, we have the ideal card for you!

No matter which card you chooses, you’ll enjoy important features like:

  • Convenient and flexible purchasing power.  Accepted at millions of locations worldwide.
  • Mobile Purchasing capability for added convenience.
  • Zero Fraud Liability. *You won’t be liable for fraudulent purchases when your card is lost or stolen.
  • Cardmember Service available 24 hours a day/365 days per year.
  • Plus much more!

LEARN MORE

Business Credit Cards

Choose from our popular business credit card options such as low rate, cash back or flexible rewards to find the one that works best for your business.

No matter which card you choose, your business will benefit from important features like:

  • Free online expense reporting tools
  • No fee for additional employee cards
  • Mobile payment capability for added convenience
  • Zero Fraud Liability. *You won’t be liable for fraudulent purchases when your card is lost or stolen.
  • Cardmember Service available 24 hours a day/365 days per year.

LEARN MORE

*Elan Financial Services provides zero fraud liability for unauthorized transactions.  Cardholder must notify Elan Financial Services promptly of any unauthorized use.  Certain conditions and limitations may apply.
The creditor and issuer of these cards is Elan Financial Services, pursuant to separate licenses from Visa U.S.A Inc., and Mastercard International Incorporated.  Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.