Rates

                           Rates in effect on April 1, 2014.  Rates may change without notice.
Savings & Checking RatesRATEAPY*
Share Savings, Christmas Club & Summer Pay Accounts
Savings $0.00 - $2,499.99 balance0.05%0.05%
Savings  $2,500 - $24,999.990.10%0.10%
Savings  $25,000 - $49,999.990.15%0.15%
Savings  $50,000 and over0.20%0.20%
Share Draft Checking  
Checking  $100.00 - $2,499.99 balance0.00%0.00%
Checking  $2,500.00 - $24,999.990.10%0.10%
Checking $25,000.00 - $49,999.990.15%0.15%
Checking $50,000.00 and over0.20%0.20%
School Employees Level Pay Account**1.00%1.00%

*APY=Annual Percentage Yield (APY) APY is accurate as of the date indicated above and may vary after the account is opened. A $5 minimum opening deposit is required for Share Savings, Holiday and Summer Savings Accounts. Fees may reduce account earnings.  Dividend rates are variable and may change without notice.

**Level Pay accounts may be opened from June 1 to October 31. No minimum balance. Fund your Level Pay account with automatic deposits during the school year; receive automatic transfers to your checking account during non-paycheck months. Deposits automatically resume with your first school-year paycheck. Direct deposit to a SESLOC Checking account is required. Withdrawals outside the fixed enrollment peirod may incur a penalty fee.

 
Share Certificate RatesRATEAPY*
Share Certificate - Minimum $1,000 deposit
Certificate 6 months0.20%0.20%
Certificate 12 month0.30%0.30%
Certificate 15 month0.45%0.45%
Certificate 18 month0.45%0.45%
Certificate 2 year0.70%0.70%
Certificate 3 year0.75%0.75%
Certificate 4 year0.85%0.85%
Certificate 5 year0.95%0.95%
Building Block Certificate - Minimum $250 deposit. Add deposits of $25+ during the certificate term.
Building Block 1 year certificate0.30%0.30*

*APY=Annual Percentage Yield.  The Annual Percentage Yields are accurate as of the date indicated above. Dividends are compounded monthly. The APY is based on the assumption that dividends remain on deposit within the account until maturity. Early withdrawals penalties may apply.

Retirement RatesRATEAPY*
Share Savings  IRA, Deferred Compensation, SEP Plan
 Minimum Balance: IRA / SEP - $5.00; Deferred Compensation - $0.00
Traditional, Roth, SEP IRAs0.30%0.30%
Deferred Compensation0.30%0.30%
Certificate  IRA, Deferred Compensation, SEP Plan      $500 minimum
IRA Certificate 1 year0.50%0.50%
IRA Certificate 2 year0.70%0.70%
IRA Certificate 3 year0.85%0.85%
IRA Certificate 4 year1.00%1.00%
IRA Certificate 5 year1.25%1.26%

*APY=Annual Percentage Yield.  The APYs are accurate as of the date indicated. Dividends are compounded monthly. The APY is based on the assumption that dividends remain on deposit within the account until maturity. Contribution limits and early withdrawal penalties are regulated by federal law.

Consumer Loan RatesAPR* 
Overdraft Protection10.00%-17.00% 
Signature loan, closed end10.00%-17.00% 
Signature loan, line of credit10.00%-17.00% 
Computer loan8.50% 
Youth Agricultural Project (animal purchase)5.00% 
Share Savings Securedsavings rate+3% (4% rate floor)
Share Certificate Secured

certificate rate+3% (4% rate floor)

Student Choice College Loan - WE ARE NOT ACCEPTING NEW APPLICATIONS AT THIS TIME.
  

Adjustable Rate Loan (Index: Prime Rate)           Rate Floor:  5% APR*

Rate Ranges:      Prime + 0.50%        Prime + 1.00%              Prime + 2.00%   

No origination fees; no disbursement fees; no prepayment fees.

The rate is determined by using the Prime Rate plus a margin, based on the borrower's credit score at the time of application. The rate will never fall below the 5.00% rate floor, with one exception (see below). The index rate is variable rate and can adjust quarterly based on the Prime Rate as published in the Wall Street Journal. While the margin will never change, Prime is a variable rate that can fluctuate throughout the life of the loan.  A 0.25% rate reduction is available during repayment for automated electronic payments. In some cases this could cause the rate to fall below the 5.00% APR rate floor. The maximum rate you may be charged is 18% APR.


*APR - Annual Percentage Rate.  Loan rates are accurate as of the date indicated and may change without notice. When a range of rates is indicated, rates and terms are based on borrower's earned rate lending score. All loans are subject to credit approval. 

Vehicle RatesAPR* 

Automobiles
Includes, Trucks, SUVs, Motorcycles, Horse and Flatbed Trailers

*APR=Annual Percentage Rate. Our lowest rates listed below include a 0.25% rate reduction for 80% financing.
Maximum financing of 120% of MSRP or Retail Kelley Blue Book, plus tax and license.
APR is 2% higher than base rate for models 7 years old or older and/or for vehicles with mileage of 100,000 or more. 

Rates are subject to applicant qualification. Your APR is based on your earned rate lending score and specific vehicle qualification. Loans subject to credit approval. Defer payments up to 90 days; interest accrues during the deferral period. No prepayment penalties.

New / Nearly New     48 month term
(12,000 miles or less)
1.90% - 13.50% 

 New / Nearly New     60 month term

1.90% - 13.50%

 
New / Nearly New     72 month term

2.70% - 10.50% 
New / Nearly New     84 month term3.75% - 11.00% 
Used Vehicle          48 month term1.90% - 16.50% 
Used Vehicle          60 month term
 
1.90% - 16.50% 
Used Vehicle          72 month term2.70% - 11.50% 
Used Vehicle          84 month term3.75% - 12.00% 
Recreational Vehicles
Includes Boats, Motor Homes, Personal Watercraft
Extended terms available up to 144 months.
New   60 month term6.75% - 16.00% 
New   84 month term7.75% - 16.00% 
New  120 month term8.75% - 16.50% 
Used   60 month term7.75% - 16.50% 
Used   84 month term8.75% - 16.50% 
Used  120 month term9.25% - 17.00% 
Specialized Mobility Vehicles
Vehicles adapted for specialized equipment: wheel chairs, scooter lifts, lowered floor conversions, power doors, remote control doors to accommodate individual physical needs.
New   60  month term5.95% - 13.75% 
New   84  month term7.10% - 15.75% 
New  120  month term8.75% - 16.00% 
Used   60  month term5.95% - 14.50% 
Used   84 month term7.60% - 15.25% 
Used  120 month term*8.75% - 16.00% 
*Maximum term 84 months for vehicles 6 or more years old.
Real Estate Loans 
Rates accurate as of the date indicated.  Rates  may change without notice.
First Trust Deed - Primary Residences
Adjustable Rate First Trust Deed  (Index: 11th District Cost of Funds)
Conforming Loans - Limit is $417,000 for one unit or single family dwelling.
TermPtsLTVPMIRATEAPR*
30 years
1 year rate hold
080%No2.500%3.075%
30 years
1 year rate hold
1/280%No2.375%3.104%
30 years
3 year rate hold
080%No2.750%3.043%
30 years
3 year rate hold
1/280%No2.500%3.027%
30 years
5 year rate hold 
080%No3.125%3.125%
30 or 40 years -
5 year rate hold 
1/280%No3.000%3.121%
*Annual Percentage Rate (APR) is calculated using a loan amount  of $417,000 and a term of 30 years. Actual APR may vary and will be disclosed at the time of application.
Adjustable Rate First Trust Deed  (Index: 11th District Cost of Funds)
Jumbo Loans - Loans over $417,000 for one unit or single family dwelling.
TermPtsLTVPMIRATEAPR**
30 years
1 year rate hold
080%No3.000%3.115%
30 years
1 year rate hold
1/280%No2.875%3.145%
30 years
3 year rate hold
080%No3.125%3.125%
30 years
3 year rate hold
1/280%No3.000%3.137%
30 years
5 year rate hold 
080%No3.500%3.500%
30 years
5 year rate hold 
1/280%No3.375%3.415%
**Annual Percentage Rate (APR) is calculated using a loan amount  of $450,000 and a term of 30 years. Actual APR may vary and will be disclosed at the time of application.

Fixed Rate First Trust Deed
Conforming Loans
-  $417,000 or less

TermPtsLTVPMIRATEAPR^
15 years080%No 3.250%3.250%
15 years180%No 3.000% 3.145%
30 years     CALL FOR AVAILABILITY080%No -- --
30 years     CALL FOR AVAILABILITY180%No  --  --
^Annual Percentage Rate (APR) is calculated using a loan amount  of $417,000. Actual APR may vary and will be disclosed at the time of application.

Fixed Rate First Trust Deed
High Balance Loans
- $417,000 or greater
Maximum loan amount for SLO County is $561,200
Maximum loan amount for SB County is $625,500

TermPtsLTVPMIRATEAPR^^

15 years

080%No 3.500%3.500%
15 years180%No 3.250% 3.396%
30 years     CALL FOR AVAILABILITY080%No  --  --
30 years     CALL FOR AVAILABILITY180%No -- --
^^Annual Percentage Rate (APR) is calculated using a loan amount  of $561,200. Actual APR may vary and will be disclosed at the time of application.
Mobile Home Loans - In Share Park

Please call for availability and rates LTVPMIRATEAPR
In Rental Park  (please call for availability of rental park loans)
Rate and LTV are determined by credit score. Term is determined by age of home.
Home Equity Loans - Second Trust Deed
Home Equity Line of Credit (HELOC)  (Index: Prime Rate)   RATEAPR
Open-end Line of Credit
No minimum advance required
   4.000% 4.000% 
Adjustable Rate* - closed end loan (Index: 11th District Cost of Funds)

5-year rate hold
20 year term, amortized 30 years
Rate based on LTV and credit score.
*Rates quoted are for loans behind a SESLOC first mortgage. Rates for loans behind other lienholders are different. Please call for details.

   5.875%
to 6.125%
5.875% to 6.125%
Lot & Construction Loans
Adjustable Rate Lot Loan6.500%6.064%
Fixed Rate Construction Loan7.000%7.000%
Member Business Real Estate Loans    (Investment Property

*Please call for availability

First Trust Deed - Non-Owner Occupied , 1-4 Family Residences - Conforming
Amortization up to 30 years.  Term: 15 years
Conforming Loans - Limit is $417,000

Adjustable Rate  (Index: 11th District Cost of Funds)
 PtsLTVRATEAPR*
1-year rate hold.5075%3.000%4.180%
5-year rate hold.50.753.500%3.999%

*Annual Percentage Rate (APR) is calculated using a loan amount of $417,000 and a term of 30 years. Actual APR may vary and will be discussed at the time of application.

 

First Trust Deed - Non-Owner Occupied, 1-4 Family Residences - Jumbo Loans
Amortization up to 30 years   Term: 15 Years
Jumbo Loans - Loans over $417,000
 PtsLTVRATEAPR**
1-year rate hold.5075%3.250%4.229%
5-year rate hold

.50

75%3.750%4.108%

**Annual Percentage Rate (APR) is calculated using a loan amount of $450,000 and a term of 30 years.  Actual APR may vary and will be discussed at the time of application.

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