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Rates

BDCU offers a variety of borrowing and savings options with competitive rates.

 

Share Rates & Annual Percentage Yields

Rates Effective as of October 1, 2021

Savings Accounts

Share Type

Minimum Balance

to Open 

Minimum Balance

to Earn Dividends 

APY1

Dividend 

Primary Savings

 $5

$5

0.25%

0.25%

Secondary Savings

 $5

$5

0.25%

0.25%

IRA Savings2

 $5

$5

0.50%

0.50%

Checking Accounts

Share Type

Minimum Balance

to Open 

Minimum Balance

to Earn Dividends 

APY1

Dividend

 Checking

 $5

 N/A

 0.00%

0.00%

Dividends are paid and compounded monthly and are based on the average daily balance in the account.

1APY= Annual Percentage Yield. Fees could reduce earnings on the account. Rates are subject to change without notice. The rate may change after the account is opened. The APY is accurate as of the last dividend declaration date, September 30, 2021.

2We may impose a penalty if you withdraw funds from your account before the eligibility date. Maintenance or activity fees could reduce the earnings on the account.

Mortgage and Consumer Loan Rates

Rates Effective as of October 1, 2021

1st Mortgage Loans

Loan Type

Term 

APR1 

Interest Refund2

Net Rate

1st Mortgage

 Up to 360 Months

 8.00%

40%

4.80%

1st Mortgage (30 Year)

360 Months

 3.99%

N/A

N/A

1st Mortgage (15 Year)

180 Months

3.49%

N/A

N/A

1st Mortgage (10 Year) 120 Months 3.24% N/A N/A

Down payment requirements vary depending on loan terms and could be as low as 5%.  For current down payment amounts, check with a loan officer.

Financing Example: A 1st Mortgage Loan of $200,000 at 3.99% APR for a 360-month term results in a monthly payment of approximately $954.00.

Loan Type

 Line of Credit Limit

 

Term 

APR

Interest Refund2

Net Rate

Home Equity Lines of Credit (HELOC)

HELOC 1st

95% of appraised value or selling price,

whichever is less  

Single Family

Boulder City  

 180 Months

3.99% 

N/A

N/A 

HELOC 1st

90% of appraised value or selling price,

whichever is less  

 Single Family

Outside Boulder City 

 180 Months

 3.99%

N/A

N/A 

HELOC 2nd

85% of appraised value

 Single Family

Boulder City 

 180 Months

 8.00%

40% 

4.80%

HELOC 2nd

 70% of appraised value

 Single Family

Outside Boulder City 

 180 Months

 8.00%

40% 

4.80%

HELOC’s have a 5-year draw period and must be owner occupied.

BDCU does not charge fees for HELOC loans but 3rd party fees may apply. These could include flood insurance, excess title fees, and appraisal fees. 3rd party fees generally do not exceed 1% of the loan balance. Other terms, and conditions may apply.

Financing Example: A HELOC of $50,000 at 8.00% APR for a 180-month term results in a monthly payment of approximately $475.00.

Loan Type

Term 

APR

Interest Refund2

Net Rate

Home Equity Loans

Home Equity 1st

 Up to 360 Months

3.99% 

N/A

N/A 

Home Equity 2nd

Up to 360 Months

 8.00%

40%

4.80%

BDCU does not charge fees for Home Equity loans but 3rd party fees may apply. These could include flood insurance, excess title fees, and appraisal fees. 3rd party fees generally do not exceed 1% of the loan balance. Other terms, and conditions may apply.

Financing Example: A Home Equity Loan of $50,000 at 8.00% APR for a 360-month term results in a monthly payment of approximately $365.00.

Loan Type

Term 

APR

Interest Refund2

Net Rate

Commercial Real Estate

 Commercial Loan

 Up to 240 Months

8.00% 

40%

4.80% 

75% of appraised value or selling price, whichever is less. Maximum loan amount of $2,000,000 to any borrower on any one commercial property.

Financing Example: A Commercial Loan of $100,000 at 8.00% APR for a 240-month term results in a monthly payment of approximately $831.00.

Mortgage Loan Disclosures

1APR= Annual Percentage Rate. Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval.

2Interest Refund

For loans subject to an Interest Refund, the Credit Union charges a flat rate of 8.00%. Each quarter the Board of Directors, after reviewing financial performance, determines how much of an Interest Refund should be paid. When they declare a certain percentage, that amount is multiplied by the actual loan interest paid by each member during the quarter and the resulting amount is deposited directly into the member’s savings account after the last day of the quarter.

EXAMPLE: A member paid $450 in interest during the quarter. The Board declares a 40% Interest Refund. A deposit of $180 will be put in the member’s account. ($450 x 40% = $180). Net Rate after this refund 4.80%.

Nationwide Mortgage Licensing System Organization Number 372241.

Loan Type

Term 

APR

Auto Loans

New Auto (2022)

 Up to 84 Months

2.99% 

Used Auto (2021 or older)

 Up to 72 Months

3.99%

Financing Example: An Auto Loan of $50,000 at 2.99% APR for an 84-month term would result in a monthly payment of approximately $661.00.

Loan Type

Term 

APR

Interest Refund2

Net Rate

Recreational Vehicles (Boat, Motor Home, Travel Trailer)

New Boat

 Up to 144 Months

8.00% 

40%

4.80%

Used Boat

 Up to 108 Months

8.00%

40%

4.80%

New Motor Home

 Up to 144 Months

8.00%

40%

4.80%

Used Motor Home

 Up to 120 Months

8.00%

40% 

4.80%

New Travel Trailer

 Up to 144 Months

8.00%

40%

 4.80%

Used Travel Trailer

 Up to 120 Months

8.00%

40%

 4.80%

Financing Example: A Recreational Vehicle Loan of $35,000 at 8.00% APR for a 144-month term results in a monthly payment of approximately $377.00.

Loan Type

Term 

APR

Interest Refund2

Net Rate

Signature & Secured Loans

Signature Loans

 Up to 36 Months

8.00% 

40%

4.80%

Share Secured Loans

 Up to 144 Months

2.00 % above Primary Savings Dividend Rate

The aggregate amount of unsecured debt cannot exceed $10,000 for an individual and $20,000 jointly.

Financing Example: A Signature Loan of $5,000 at 8.00% APR for a 36-month term results in a monthly payment of approximately $156.00.

 

APR

VISA Credit Card Loans

 Annual Percentage Rate (APR1) for Purchases

13.00% 

APR1 for Balance Transfers

 13.00%

APR1 for Cash Advances

 13.00%

Consumer Loan Disclosures

1APR= Annual Percentage Rate. Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval.

2Interest Refund

For loans subject to an Interest Refund, the Credit Union charges a flat rate of 8.00%. Each quarter the Board of Directors, after reviewing financial performance, determines how much of an Interest Refund should be paid. When they declare a certain percentage, that amount is multiplied by the actual loan interest paid by each member during the quarter and the resulting amount is deposited directly into the member’s savings account after the last day of the quarter.

EXAMPLE: A member paid $450 in interest during the quarter. The Board declares a 40% Interest Refund. A deposit of $180 will be put in the member’s account. ($450 x 40% = $180). Net Rate after this refund 4.80%.

 

 

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