Savings & Loan rates

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Share Accounts


Rates as of 6/30/2017

Amount APR APY
$.01 - $9,999.99 0.15% 0.15%
$10,000 - $49,999.99 0.20% 0.20%
$50,000 - $999,999.99 0.25% 0.25%
Calculation is based upon the member's average quarterly balance. Dividends are disbursed and compounded on the last day of the quarter.

Share Certificates


Rates as of 6/30/2017

Term Minimum balance APR APY
1 year $500 > 0.65% 0.65%
2 years $500 > 0.95% 0.95%
3 years $500 > 1.30% 1.31%
4 years $500 > 1.55% 1.56%

Calculation is based upon the member's average quarterly balance. Dividends are disbursed and compounded on the last day of the quarter. Penalty for early withdrawal will be the last 30 days of accrued interest at the date of closing, for 1 year certificates, and 90 days of accrued interest for 2, 3, and 4 year certificates. *Fees may reduce earnings.


Rate information:

The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For Share accounts, the Dividend Rate and Annual Percentage Yield may change at any time as determined by the Credit Union’s Board of Directors. The Dividend Rates and Annual Percentage Yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period.

Loan Rates


Risk based scoring: Member’s may be charged a premium over and above the listed base rate as established by the Town of Cheektowaga F.C.U. loan policy and their FICO score at the time of application. The following percentage indexes will apply for all automotive, recreational vehicle, and unsecured loans.

680 - over A +0.00%
640 - 679 B +1.00%
600 - 639 C +2.00%
550 - 599 D +4.00%
549 - below E +6.00%


Loan type APR Term
Share secured loan 2.50% 120 months
Home Equity Line of Credit* 4.25% 180 months
Fixed rate home equity 4.50% -
New automobile 2.25% 60 months
New automobile 2.75% 61 - 78 months
Used automobile 2011 - 2016 3.00% 66 months
Used automobile 2010 and older 4.50% 60 months
New recreational vehicle loan 3.90% 60 months
4.90% 180 months
Used recreational vehicle loan 5.00% 60 months
6.00% 120 months
Unsecured loan 8.90% 12 months
9.90% 36 months
10.90% 60 months
Visa Platinum Credit Card 9.99% (based on credit score)
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The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Results should be discussed with a qualified professional before any product purchases or loan commitments are made.