Rates

Special Promotions

Account Type Rates Terms
Simplicity First Position Equity Loan 2.90% APR 12 years Reflects 50% reduction w/ Auto withdrawal from a CME CU Acct. Min score 680
Holiday Loan Special 6.00% APR Up to 2yrs Reflects 50% reduction w/ Auto withdrawal from a CME CU Acct. New money Only

Savings & Checking Rates

Savings Rates Dividend Rate APY* Term Minimum Balance
Simplicity Share 0.10 0.10 N/A 25.00
Simplicity Checking 0.10 0.10 N/A 500.00
Christmas Club 0.20 0.20 N/A 10.00
Vacation Club Account 0.20 0.20 N/A 10.00

*APY = Annual Percentage Yield Rates are accurate as of 12/1/2020. Rates are subject to change daily.

Money Market Rates

Money Market Dividend Rate APY* Term Minimum Balance
Tier 1 0.15 0.15 N/A 25.00
Tier 2 0.30 0.30 N/A 25,000.00
Tier 3 0.40 0.40 N/A 50,000.00
Tier 4 0.55 0.55 N/A 75,000.00

*APY = Annual Percentage Yield Rates are accurate as of 12/1/2020. Rates are subject to change without notice.

Certificate of Deposit Rates

Certificates Dividend Rate APY* Term Minimum Balance
3 Months 0.40 0.40 3 500.00
6 Months 0.50 0.50 6 500.00
12 Months 0.498 0.50 12 500.00
18 Months 0.498 0.50 18 500.00
24 Months 0.598 0.60 24 500.00
30 Months 0.498 0.50 30 500.00
36 Months 0.648 0.65 36 500.00
48 Months 0.747 0.75 48 500.00
60 Months 0.995 1.00 60 500.00

*APY = Annual Percentage Yield Rates are accurate as of 12/1/2020. Rates are subject to change without notice.

Auto Loan Rates

Loans Year As Low As Term
New Auto * ** ***
(as low as)
2020/2019 2.24% APR Up to 5 Years
New Auto* ** ***
(as low as)
2020/2019 2.99% APR Up to 6 Years
Used Auto* ** *** 2020/2019 2.99% APR Up to 5 Years
2018/2017 3.24% APR Up to 5 Years
2016 3.49% APR Up to 5 Years
2015 4.29% APR Up to 5 Years
2014 4.49% APR Up to 5 Years

APR = Annual Percentage Rate. Loan approval based upon a risk rate schedule that evaluates credit history, debt to income and ability to repay the loan.*Rate reflects .50% reduction with Auto Withdrawal from a CME Credit Union Account

**Interest rate will be determined by individual credit worthiness.
***All Vehicle and Recreational Vehicle Loans require Vendor Single Insurance (VSI) for a fee of $20
****Motorcycle over 4 years old maximum term is 3 years

Recreational Vehicle Loans

Loans As Low as Term Down Payment
New Boat * ** *** 6.00% APR Up to 10 Years 20%
Used Boat * ** *** 7.00% APR Up to 10 Years 20%
New Motorcycle * ** *** **** 5.50% APR Up to 5 Years 10%
Used Motorcycle * ** *** **** 9.00% APR Up to 4 Years 10%
New RV * ** *** 6.00% APR Up to 10 Years 20%
Used RV * ** *** 7.00% APR Up to 10 Years 20%

APR = Annual Percentage Rate. Loan approval based upon a risk rate schedule that evaluates credit history, debt to income and ability to repay the loan.

*Rate reflects .50% reduction with Auto Withdrawal from a CME Credit Union Account
**Interest rate will be determined by individual credit worthiness.
***All Vehicle and Recreational Vehicle Loans require Vendor Single Insurance (VSI) for a fee of $20
****Motorcycle over 4 years old maximum term is 3 years

Personal Loans

Loans As Low as Term
Personal*** 11.00% APR Up to 3 Years
12.00% APR Up to 5 Years
Savings Secured** Rate + 4.00% Up to 5 Years
Certificate Secured** Rate + 3.00% Up to Maturity

APR = Annual Percentage Rate. Loan approval based upon a risk rate schedule that evaluates credit history, debt to income and ability to repay the loan.

Equity Loans

Loans As Low as Term
Simplicity First Position Equity Loan*** 2.90% APR Up to 12 Years
Home Equity Mortgage*** 3.25% APR Up to 5 Years
3.74% APR Up to 10 Years
4.25% APR Up to 15 Years
Home Equity Line of Credit** Prime Rate Revolving Line

APR = Annual Percentage Rate. Loan approval based upon a risk rate schedule that evaluates credit history, debt to income and ability to repay the loan.

****minimum score to apply 680, first position lieu, existing CME loans not eligible for refinance.

*Rate reflects .50% reduction with Auto Withdrawal from a CME Credit Union Account
**Consult your tax advisor regarding the deductibility of interest.
**** Rate fixed with credit score of 680+

¹No Automatic Deduction available for this loan type. Special introductory fixed rate as low as 2.75% APR for the first 12 billing cycles then as Prime + 0.00% APR. 3.25% APR minimum interest rate. Prime rate as published in the Wall Street Journal as of 3/16/2020 is 3.25%.

Some restrictions apply. Rates are subject to change. Cranston Municipal Employee Credit Union Membership is required for all aforementioned services.

CONTACT US

401.463.3010

1615 Pontiac Ave, Cranston, RI 02920-4491

M-F: 10am-4.30pm, S-S: Closed

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