Rates effective May 1, 2015. Rates are subject to change without notice. All loan rates are based on approved credit.

Savings & Checking Rates

Share Savings, Christmas Club and Summer Pay Accounts

  RATE APY*
Savings  $0.00 - $2,499.99 balance 0.05% 0.05%
Savings  $2,500 - $24,999.99 0.10% 0.10%
Savings  $25,000 - $49,999 0.15% 0.15%
Savings  $50,000 and over 0.20% 0.20%

Share Draft Checking

  RATE APY*
Checking $100.00 - $2,499.99 balance 0.00% 0.00%
Checking $2,500.00 - $24,999.99 balance 0.10% 0.10%
Checking $25,000.00 - $49,999.99 balance 0.15% 0.15%
Checking $50,000.00 and over 0.20% 0.20%

School Employees Level Pay Account**

  RATE APY*
  1.00% 1.0%


*APY=Annual Percentage Yield. 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 period may incur a penalty fee.

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Share Certificate Rates

Share Certificate

Minimum $1,000 deposit.

  RATE APY*
Certificate 6 months 0.20% 0.20%
Certificate 12 months 0.30% 0.30%
Certificate 15 months 0.45% 0.45%
Certificate 18 months 0.45% 0.45%
Certificate 2 year 0.70% 0.70%
Certificate 3 year 0.75% 0.75%
Certificate 4 year 0.85% 0.85%
Certificate 5 year 0.95% 0.95%

Building Block Certificate

Minimum $250 deposit. Add deposits of $25+ during the certificate term.

  RATE APY*
  0.30% 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.

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Retirement Rates

Share Savings  IRA, Deferred Compensation, SEP Plan

Minimum Balance: IRA / SEP - $5.00; Deferred Compensation - $0.00

  RATE APY*
Traditional, Roth, SEP IRAs 0.30% 0.30%
Deferred Compensation 0.30% 0.30%

Certificate  IRA, Deferred Compensation, SEP Plan

Minimum Balance: $500

  RATE APY*
IRA Certificate 1 year 0.50% 0.50%
IRA Certificate 2 year 0.70% 0.70%
IRA Certificate 3 year 0.85% 0.85%
IRA Certificate 4 year 1.00% 1.00%
IRA Certificate 5 year 1.25% 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.

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Consumer Loan Rates

  APR*
Overdraft Line of Credit 10.00% - 17.00%
Signature Loan, closed end 10.00% - 17.00%
Signature Line of Credit 10.00% - 17.00%
Computer loan 8.50%
Youth Agricultural Project (animal purchase) 5.00%
Share Savings Secured savings rate+3% (4% rate floor)
Share Secured Line of Credit savings rate+3% (4% rate floor)
Share Certificate Secured certificate rate+3% (4% rate floor)

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Sustainable Loan Rates

For eco-friendly projects, including energy efficient windows and appliances, solar panels, water-wise landscaping and more.

  APR*
up to 84 month term 6.49%-7.49%
120 month term 6.49%-7.99%
144 month term 6.99%-8.99%


*APR= Annual Percentage Rate. Minimum loan amount is $1,000. All loans are subject to credit approval. Your Annual Percentage rate is based on your earned rate lending score. Additional restrictions may apply. Rates are subject to change without notice. No prepayment penalties. Monthly payment per $1,000 at 6.49% APR for 7 years is $14.85.

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Vehicle Rates

Includes cars, trucks, SUVs, motorcycles, horse and flatbed trailers

  APR*
New / Used   up to 60 month term 1.90%-14.99%
New / Used   61-66 month term 2.40%-15.49%
New / Used   67-72 month term 2.90%-7.99%
New / Used   73-84 month term 3.40%-8.99%

Recreational Vehicles

Includes boats, motor homes and personal watercraft

  APR*
New / Used   up to 84 month term 5.25%-16.00%
New / Used   120 month term 6.25%-16.50%
New / Used   144 month term 7.50%-8.25%

Specialized Mobility Vehicles

For vehicles adapted with specialized equipment to accommodate individual physical needs, such as wheel chairs, scooter lifts, lowered floor conversions, etc.

  APR*
New   60 month term 5.95%-13.75%
New   84 month term 7.10%-15.75%
New   120 month term 8.75%-16.00%
Used   60 month term 5.95%-14.50%
Used   84 month term 7.60%-15.25%
Used   120 month term** 8.75%-16.00%


*APR=Annual Percentage Rate. Our lowest rates listed above 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.

**Maximum term is 84 months for vehicles 6 or more years old.

Rates are subject to applicant qualification. Your APR is based on your earned rate lending score and specific vehicle qualification. All loans are subject to credit approval. You may defer first payment up to 90 days; interest accrues during the deferral period. No prepayment penalties.

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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 - Conforming Loans

Term Pts LTV PMI RATE APR*
30 years - 1 year rate hold 0 80% No 2.500% 3.075%
30 years - 1 year rate hold .50 80% No 2.375% 3.104%
30 years - 3 year rate hold 0 80% No 2.750% 3.124%
30 years - 3 year rate hold .50 80% No 2.500% 3.026%
30 years - 5 year rate hold 0 80% No 3.000% 3.082%
30 years - 5 year rate hold .50 80% No 2.750% 3.034%
30 years - 5 year rate hold 0 95% Yes** 3.000% 3.082%
30 years - 5 year rate hold .50 95% Yes** 2.750% 3.034%
30 years - 7 year rate hold 0 80% No 3.250 3.250
30 years - 7 year rate hold .50 80% No 3.000 3.107
30 years - 7 year rate hold 0 95% Yes** 3.250 3.250
30 years - 7 year rate hold .50 95% Yes** 3.000 3.107


Index: 11th District Cost of Funds. Limit is $417,000 for one unit or single family dwelling.
*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.
**Mortgage insurance may be cancelled when LTV reaches 78%.

 

Adjustable Rate First Trust Deed - Jumbo Loans

Term Pts LTV PMI RATE APR**
30 years - 1 year rate hold 0 80% No 3.000% 3.115%
30 years - 1 year rate hold .50 80% No 2.875% 3.144%
30 years - 3 year rate hold 0 80% No 3.125% 3.125%
30 years - 3 year rate hold .50 80% No 3.000% 3.137%
30 years - 5 year rate hold 0 80% No 3.250% 3.250%
30 years - 5 year rate hold .50 80% No 3.125% 3.164%
30 years - 5 year rate hold 0 95% Yes** 3.250% 3.250%
30 years - 5 year rate hold .50 95% Yes** 3.125% 3.164%
30 years - 7 year rate hold 0 80% No 3.500 3.500
30 years - 7 year rate hold .50 80% No 3.375 3.415
30 years - 7 year rate hold 0 95% Yes** 3.500 3.500
30 years - 7 year rate hold .50 95% Yes** 3.375 3.415


Index: 11th District Cost of Funds. Loans over $417,000 for one unit or single family dwelling.
**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.
**Mortgage insurance may be cancelled when LTV reaches 78%.

 

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

Term Pts LTV PMI RATE APR^
15 years  CALL FOR RATES 0 80% No -- --
15 years  CALL FOR RATES 1 80% No -- --
30 years   CALL FOR RATES 0 80% No -- --
30 years  CALL FOR RATES 1 80% 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

Term Pts LTV PMI RATE APR^^
15 years  CALL FOR RATES 0 80% No -- --
15 years  CALL FOR RATES 1 80% No -- --
30 years   CALL FOR RATES 0 80% No -- --
30 years  CALL FOR RATES 1 80% 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.


Home Equity Loans - Second Trust Deed

Home Equity Line of Credit (HELOC)

Adjustable rate, open-end Line of Credit. No minimum advance required.

Index: Prime Rate RATE APR
  4.000% 4.000%

Home Equity Loan

Adjustable rate, closed end loan.*  5-year rate hold; 20 year term amortized 30 years.

Index: 11th District Cost of Funds RATE APR
  5.875% to 6.125% 5.875% to 6.125%

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.


Lot & Construction Loans

  RATE APR
Adjustable Rate Lot Loan 6.500% 6.128%
Fixed Rate Construction Loan 7.000% 7.000%

Member Business Real Estate Loans (Investment Property)

Please call for availability

First Trust Deed - Non-Owner Occupied , 1-4 Family Residences - Conforming Loans
Amortization up to 30 years. Term: 15 years
Conforming Loans - Up to $417,000
Adjustable Rate Index: 11th District Cost of Funds

Term Pts LTV RATE APR*
1-year rate hold .50 75% 3.000% 4.080%
5-year rate hold .50 75% 3.500% 3.929%


*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 - Over $417,000

Term Pts LTV RATE APR**
1-year rate hold .50 75% 3.250% 4.116%
5-year rate hold .50 75% 3.750% 4.039%

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.

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