Do more for yourself, keep more for yourself

Lower rates mean reduced interest charges. And that means more control over your monthly payments. Find a better way to borrow with CommonWealth One's mortgages, auto financing, home equity lines, credit cards, and other types of loans.

Effective March 1, 2024

New Cars: 2023 models and newer

Term Fixed APR* (As Low As)
Up to 36 months 4.64%
37 - 48 Months 5.39%
49 - 60 months 5.89%
61 - 72 months 6.39%
73 - 84 months 7.19%

Used Cars: 2019 models and newer

Term Fixed APR* (As Low As)
Up to 36 months 4.99%
37 - 48 months 5.49%
49 - 60 months 5.99%
61 - 72 months 6.49%
73 - 84 months 7.29%

Used Cars: 2018 models and older

Term Fixed APR* (As Low As)
Up to 36 months 6.44%
37 - 48 months 6.99%
49 - 60 months 7.99%
60 -72 months 8.49%

Auto Loan Disclosures

  • *Annual Percentage Rate (APR) is based on an evaluation of applicant’s credit. Your actual rate may vary. Not all will qualify for the lowest rate. Payments for $20,000 loan at 4.64% APR for 36 months are approximately $596.19 per month. Rates are subject to change without notice. Other rates and terms are available. Financing is available up to 135% of NADA Retail Value on new and used cars.
  • Loans are subject to a minimum monthly payment of $45.00.
  • Car loans with terms of 49 to 60 months require a minimum $7,000 purchase price. Car loans with terms of 61 to 72 months require a minimum $15,000 purchase price. Car loans with terms of 73 to 84 months require a minimum $20,000 purchase price.

New Motorcycles/ATVs/UTVs

Term Fixed APR* (As Low As)
Up to 36 months 5.24%
37 to 48 months 5.74%
49 to 60 months 6.99%
61 to 72 months 7.29%

Used Motorcycles/ATVs/UTVs

Term Fixed APR* (As Low As)
Up to 36 months 5.74%
37 to 48 months 5.99%
49 to 60 months 7.49%

Motorcycle Loan Disclosures

  • *Annual Percentage Rate (APR) is based on an evaluation of applicant’s credit. Your actual rate may vary. Not all will qualify for the lowest rate.
  • Loans are subject to a minimum monthly payment of $45.00.
  • Sample payment of $15,000 Motorcycle with 4.74% APR for 72 months term, your monthly payments will be $239.77.
  • See Fee Schedule for related charges and Consumer Loan Disclosure for all terms and conditions.

New Boat/RV

Term Fixed APR* (As Low As)
60 months (minimum of $10,000) 8.49%
84 months (minimum of $25,000) 9.49%
120 months (minimum of $50,000) 10.49%

Used Boat/RV

Term Fixed APR* (As Low As)
60 months (minimum of $10,000) 9.49%
84 months (minimum of $25,000) 10.49%
120 months (minimum of $50,000) 11.49%

Boat and RV Loan Disclosures

  • *Annual Percentage Rate (APR) is based on an evaluation of applicant’s credit. Your actual rate may vary. Not all will qualify for the lowest rate.
  • Loans are subject to a minimum monthly payment of $45.00.
  • Sample payment of $20,000 Boat/RV with 5.49% APR for 60 months term, your monthly payments will be $381.93.
  • See Fee Schedule for related charges and Consumer Loan Disclosure for all terms and conditions.

Today's Mortgage Rates.

EquityLine (Home Equity Line of Credit) up to 70% LTV1

Product *APR (as low as) Rate
Interest Only 8.25% Variable

EquityLine (Home Equity Line of Credit) up to 80% LTV1

Product *APR (as low as) Rate
Interest Only 8.50% Variable

EquityLine (Home Equity Line of Credit) up to 90% LTV1

Product *APR (as low as) Rate
Interest Only 8.75% Variable

Equity Plus up to 70% LTV

Product *APR (as low as) Rate
5 Years 6.74% Fixed
10 Years 6.74% Fixed
15 Years 6.87% Fixed
20 Years 7.50% Fixed

Equity Plus up to 80% LTV

Product *APR (as low as) Rate
5 Years 6.99% Fixed
10 Years 6.99% Fixed
15 Years 7.14% Fixed
20 Years 7.75% Fixed

Equity Plus up to 90% LTV

Product *APR (as low as) Rate
5 Years 7.24% Fixed
10 Years 7.24% Fixed
15 Years 7.39% Fixed
20 Years 8.00% Fixed

Equity ONEHundred up to 100% LTV

Product *APR (as low as) Rate
5 Years 8.49% Fixed
10 Years 8.49% Fixed
15 Years 8.69% Fixed
20 Years 9.20% Fixed

Home Equity Loan Purchase Money (Second) up to 100% LTV

Product *APR (as low as) Rate
15 Years 8.69% Fixed
20 Years 9.20% Fixed

Home Equity Improvement Loan up to 133% LTV

Product *APR (as low as) Rate
5 Years 8.99% Fixed
10 Years 9.49% Fixed
15 Years 9.99% Fixed

Home Equity Loan and Line of Credit Disclosures

  • CommonWealth One Federal Credit Union complies with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act). A list of our registered originators can be found by searching for CommonWealth One FCU at https://www.nmlsconsumeraccess.org/.
  • 1LTV = Loan-to-Value. The maximum combined loan-to-value for investment properties is 90%.
  • *Annual Percentage Rate (APR) is based on an evaluation of applicant’s credit. Your actual rate may vary. Not all will qualify for the lowest rate. 
  • Minimum loan or line of credit amount is $15,000 and maximum loan or line of credit amount is $250,000.
  • Loans are subject to a minimum monthly payment of $45.00.
  • Home Equity Loans and Lines of Credit are available on primary residences located in Virginia, Maryland, North Carolina, Kentucky, Tennessee, West Virginia, and Washington, DC.
  • Please check with your tax advisor regarding loan interest deductibility.
  • Closing costs include credit reports, appraisal fee, flood certification, title search, recording fees and mortgage transfer taxes. Members will be obligated to pay the closing costs associated with the closing of this loan request. If a drive by or a full appraisal is required to support the loan request, this expense will paid by the member. Total closing costs generally range from $100 to $1,000 based on the loan amount. Closing costs can be incorporated and paid with the loan proceeds. Members should retain a copy of the home equity disclosures. Member may receive a refund of any fees if the rate changes and the member decide not to complete the process.
  • Property insurance is required and flood insurance may be required.
  • Granting of a home equity loan may result in the credit union acquiring a security interest in the property.
  • Certain restrictions apply.

Credit Builder Loan

Term Fixed APR* (As Low As) Variable APR* (As Low As)
Up to 12 months (Maximum $1,000) 16.24%** -

Personal Loan

Term Fixed APR* (As Low As) Variable APR* (As Low As)
12 - 24 months 7.74% -
36 months (Minimum $5,001) 8.74% -
48 Months 9.74% -
60 Months 10.74% -
72 Months 11.74% -

OneLine Loan

Term Fixed APR* (As Low As) Variable APR* (As Low As)
Revolving Up to $25,000 - 13.50%

Campus Bookstore Loan

Term Fixed APR* (As Low As) Variable APR* (As Low As)
Up to 24 Months (Maximum $3,000) 7.15% -

Personal Loan Disclosures

  • *Annual Percentage Rate (APR) is based on an evaluation of applicant’s credit. Your actual rate may vary. Not all will qualify for the lowest rate.
  • **Payments for $1,000 at 15.74% APR for 12 months are approximately $90.61 per month.  Applications are subject to credit approval.  Funds may not be used to pay off an existing CommonWealth One loan. Member may only have one Credit Builder Loan at a time. Other terms and conditions may apply.
  • Loans are subject to a minimum monthly payment of $45.00.

Share/Share Certificate Secured

Term Fixed APR* (As Low As) Variable APR* (As Low As)
Up to 60 months 3.00% above share rate -

Secured Loan Disclosures

  • Loans are subject to a minimum monthly payment of $45.00.
  • Variable rate loan option APR may change after loan closes.
  • Share and Certificate Secured Loans maximum loan amount is the available balance on deposit.

Interest Rates & Charges Platinum Platinum Rewards Signature Rewards Visa Secured Platinum Business Rewards
Annual percentage rate (APR*) for purchases  Variable APR* between 13.24% - 18.00% Variable APR* between 14.24% - 18.00% Variable APR* between 15.24% - 18.00% Variable APR* between 13.24% - 18.00% Variable APR* between 16.24% - 18.00%
Annual percentage rate (APR*) for balance transfers and cash advances

Variable APR* between 13.24% - 18.00%

 Variable APR* between 14.24% - 18.00% Variable APR* between 15.24% - 18.00% Variable APR* between 13.24% - 18.00% Variable APR* between 16.24% - 18.00%
Penalty APR and When it Applies None None None None None

Minimum Interest Charge

If you are charged interest, the charge will be no less than $0.00.

For Credit Card tips from the Consumer Financial Protection Bureau

To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore.

Features & Benefits Platinum Platinum Rewards Signature Rewards Visa Secured Platinum Business Rewards
Technology EMV chip enabled for additional layer of protection against fraud EMV chip enabled for additional layer of protection against fraud EMV chip enabled for additional layer of protection against fraud EMV chip enabled for additional layer of protection against fraud EMV chip enabled for additional layer of protection against fraud
Signature Benefits Not Applicable Not Applicable Complimentary 24-hour Concierge Services, discounts at top retailers and online merchants, Visa Signature Perks Not Applicable Not Applicable
Credit line Up to $50,000 Up to $50,000 Up to $50,000 Not Applicable Up to $50,000
Cardholders Single or joint account, authorized users Single or joint account, authorized users Single or joint account, authorized users Single or joint account Single or joint account, authorized users
Rewards points None Earn 1 CURewards point for every dollar on all purchases Get 10,000 bonus rewards points when you spend $1,500 in retail purchases within the first 90 days of opening your account†
Earn 1.25 CURewards points for every dollar spent on all purchases		 None Earn 1 CURewards point for every dollar on all purchases
Rewards Options None Redeem for cash, travel, merchandise or gift cards Redeem for cash, travel, merchandise or gift cards None Redeem for cash, travel, merchandise or gift cards
Point limits Not Applicable None None Not Applicable None
Point expiration Not Applicable 5 years 5 years Not Applicable 5 years
Extended benefits Auto rental insurance Travel Accident Insurance up to $50,000 Travel Accident Insurance up to $250,000, Emergency assistance service, Warranty management service Not Applicable Travel Accident Insurance up to $50,000
Fees Platinum Platinum Rewards Signature Rewards Visa Secured Platinum Business Rewards
Set-up & Maintenance Fees None None None None None
Balance Transfer Fee None None None None None
Cash Advance Fee None None None None None
Foreign Transaction Fee 1.00% of each transaction in U.S. dollars 1.00% of each transaction in U.S. dollars None 1.00% of each transaction in U.S. dollars 1.00% of each transaction in U.S. dollars
Late Payment Fee Up to $25.00 Up to $25.00 Up to $25.00 Up to $25.00 Up to $25.00
Over-The-Credit Limit Fee None None None None None
Returned Payment Fee Up to $25.00 Up to $25.00 Up to $25.00 Up to $25.00 Up to $25.00
Statement Copy Fee None None None None None
Document Copy Fee None None None None None
PIN Replacement Fee None None None None None
Card Replacement Fee None None None None None

How We Will Calculate Your Balance

We us a method called "average daily balance (including new purchases)."

Effective Date

The information about the costs of the card described in this application is accurate as of January 1, 2024. The information may have changed after that date. To find out what may have changed contact the Credit Union.

 

Disclosures

  • *APR = Annual Percentage Rate. All credit union rates and terms are based upon the evaluation of applicant(s) credit. Your actual rate may vary.  Rates are based on your creditworthiness and will vary with the market based on the Prime Rate. 
  • All credit union rates and terms are based upon the evaluation of applicant(s) credit. Your actual rate may vary. Other terms and conditions may apply. 
  • Visa’s Zero Liability Policy covers U.S.-issued cards and does not apply to certain commercial card transactions or any transactions not processed by Visa. You must notify your financial institution immediately of any unauthorized use. For specific restrictions, limitations and other details, please contact us.
  • 1Certain terms, conditions, and exclusions apply. In order for coverage to apply you must use your covered Visa card to secure transactions. Please refer to your Guide to Benefits for further details.
  • †The Visa Signature Credit Card 10,000 bonus rewards points offer applies to new card holders only. New cardholders will receive 10,000 bonus reward points when they make $1,500 in purchases within first 90 days of account opening. Balance transfers and cash advances do not apply.

CommonWealth One Federal Credit Union is a full-service credit union with branches in Virginia and Washington, D.C.

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