Rates effective June 18, 2018. Rates are subject to change without notice. All loan rates are based on approved credit.

Savings & Checking Rates

Share Savings, Business Savings, Christmas Club and Summer Pay Accounts

Balance RATE APY*
Savings  $0.00 - $2,499.99 balance 0.05% 0.05%
Savings  $2,500.00 - $24,999.99 0.10% 0.10%
Savings  $25,000.00 - $49,999.99 0.15% 0.15%
Savings  $50,000.00 and over 0.20% 0.20%

Share Draft Checking

Balance RATE APY*
Checking $0.00 - $2,499.99 balance 0.00% 0.00%
Checking $2,500.00 - $49,999.99 balance 0.05% 0.05%
Checking $50,000.00 and over 0.10% 0.10%

School Employees Level Pay Account**

Balance RATE APY*
  0.20% 0.20%


*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.

Term RATE APY*
Certificate 6 months 0.50% 0.50%
Certificate 12 months 0.65% 0.65%
Certificate 15 months 0.70% 0.70%
Certificate 18 months 0.75% 0.75%
Certificate 2 year 1.05% 1.06%
Certificate 3 year 1.15% 1.16%
Certificate 4 year 1.46% 1.47%
Certificate 5 year 1.90% 1.92%

Building Block Certificate

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

Balance RATE APY*
  0.65% 0.65%


*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 & SEP Plan

Minimum Balance: IRA / SEP - $5.00

Product RATE APY*
Traditional, Roth, SEP IRAs 0.20% 0.20%

Certificate IRA & SEP Plan

Minimum Balance: $500

Term RATE APY*
IRA Certificate 1 year 0.65% 0.65%
IRA Certificate 2 year 1.05% 1.06%
IRA Certificate 3 year 1.15% 1.16%
IRA Certificate 4 year 1.46% 1.47%
IRA Certificate 5 year 1.90% 1.92%


*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

Product 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 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.

Term 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 and motorcycles

Term APR*
New / Used up to 60 month term 3.24%-15.04%
New / Used 61-72 month term 3.70%-7.39%
New / Used 73-84 month term 4.34%-8.99%


*APR=Annual Percentage Rate. Our lowest rates include a .25% rate reduction based on 80% financing. APR is 2% higher for vehicle 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. Financing available up to 120% of MSRP or Retail Kelley Blue Book, plus tax and license. Option to defer payments up to 90 days; interest accrues during the deferral period. No prepayment penalties.


Recreational Vehicles

Includes boats, jet skis, motorhomes, travel trailers, flatbed trailers and horse trailers

Term 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%


*APR=Annual Percentage Rate. APR is 2% higher for recreational vehicle models 7 years old or older and/or for vehicles with mileage of 100,000 or more. Loan rates subject to applicant qualification. Maximum financing of 100% of MSRP or NADA Guide, plus tax and license. Maximum term based on loan amount. Your Annual Percentage Rate is based on your earned rate lending score and specific vehicle qualification and is subject to credit approval. Additional restrictions may apply.


Specialized Mobility Vehicles

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

Term 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. 4 Loan rate is subject to applicant qualification. Maximum financing of 100% of MSRP or Retail Kelley Blue Book, plus tax and license and cost of equipment and installation. Your APR is based on your earned rate lending score and specific vehicle qualification and is subject to credit approval.

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Real Estate Loans

Rates accurate as of the date indicated. Rates may change without notice.

First Trust Deed - Primary Residences

Fixed Rate First Trust Deed - Conforming Loans ($453,100 or less)

Term Pts RATE APR
15 years  0 4.125% 4.138%
15 years  1 3.875% 4.035%
30 years   0 4.625% 4.633%
30 years  1 4.375% 4.468%


Rates and APR (Annual Percentage Rate) are calculated for owner occupied single family residences and are based on a loan amount of $417,000 for purchase and no cash out refinances; LTV 80%, borrower FICO score of 700 and a 60-day lock. Actual APR may vary and will be disclosed at the time of application.

 

Fixed Rate First Trust Deed - High Balance Loans ($453,101 or greater)

Maximum loan amount for SLO County is $615,250. Maximum loan amount for SB County is $625,500

Term Pts RATE APR
15 years 0 4.125% 4.134%
15 years 1 3.875% 4.032%
30 years 0 4.625% 4.631%
30 years 1 4.375% 4.466%

 

Rates and APR (Annual Percentage Rate) are calculated for owner occupied single family residences and are based on a loan amount of $561,200 for purchase and no cash out refinances; LTV 80%, borrower FICO score of 700 and a 60-day lock. Actual APR may vary and will be disclosed at the time of application.

 

Fixed Rate First Trust Deed - Jumbo Loans

Term Pts RATE APR
15 years 0 4.125% 4.133%
15 years 1 3.875% 4.031%
30 years 0 4.625% 4.630%
30 years 1 4.375% 4.465%


Rates and APR (Annual Percentage Rate) are calculated for owner occupied single family residences and are based on a loan amount of $620,000 for purchase and no cash out refinances; LTV 80%, borrower FICO score of 700 and a 60-day lock. Actual APR may vary and will be disclosed at the time of application.

 

Adjustable Rate First Trust Deed - Conforming Loans

Term Pts RATE APR
1/1 ARM 0 3.625% 3.632%
1/1 ARM .50 3.375% 3.422%
3/1 ARM 0 3.750% 3.757%
3/1 ARM .50 3.500% 3.547%
5/1 ARM 0 3.875% 3.882%
5/1 ARM .50 3.625% 3.673%
7/1 ARM 0 4.125% 4.132%
7/1 ARM .50 3.875% 3.923%


Rates and APR (Annual Percentage Rate) are calculated for owner occupied single family residences and are based on a loan amount of $417,000 for purchase and no cash out refinances; LTV 80%, borrower FICO score of 700 and a 60-day lock. Actual APR may vary and will be disclosed at the time of application.
Index: 11th District Cost of Funds. Limit is $453,100.

 

Adjustable Rate First Trust Deed - Jumbo Loans

Term Pts RATE APR
1/1 ARM 0 3.625% 3.631%
1/1 ARM .50 3.500% 3.547%
3/1 ARM 0 3.750% 3.756%
3/1 ARM .50 3.625% 3.672%
5/1 ARM 0 3.875% 3.882%
5/1 ARM .50 3.750% 3.797%
7/1 ARM 0 4.125% 4.132%
7/1 ARM .50 4.000% 4.048%


Rates and APR (Annual Percentage Rate) are calculated for owner occupied single family residences and are based on a loan amount of $460,000 for purchase and no cash out refinances; LTV 80%, borrower FICO score of 700 and a 60-day lock. Actual APR may vary and will be disclosed at the time of application.
Index: 11th District Cost of Funds. Loan amounts over $453,100.

 


Home Equity Loans - Second Trust Deed

Home Equity Line of Credit (HELOC)

Index: Prime Rate RATE APR
  4.750% - 6.750% 4.750% - 6.750%

Adjustable rate line of credit. No minimum advance required.  Rates are based on credit score and CLTV (combined loan to value) ratio. Actual APR may vary and will be discussed at the time of application. Borrow against the line of credit for 10 years, after which any existing balance must be paid in full within the following 15 years. 


Home Equity Loan (closed end)

Index: 11th District Cost of Funds RATE APR
  5.250% - 5.875% 5.294% - 5.920%

Adjustable rate, closed end loan. 5-year rate hold; 20 year term. Rate based on LTV and credit score. APR is calculated on a loan amount of $100,000 and a term of 20 years. Actual APR may vary and will be discussed at the time of application.


Lot & Construction Loans

Product Pts RATE APR
Adjustable Rate Lot Loan* 0 6.500% 6.229%
Fixed Rate Construction Loan** .50 7.000% 7.195%

*APR is calculated on a loan amount of $100,000 and a term of 15 years. Actual APR may vary and will be discussed at the time of application.
**APR is calculated on a loan amount of $417,000 and a term of 1 year. Actual APR may vary and will be discussed at the time of application.


Investment Properties

First Trust Deed - Non-Owner Occupied , 1-4 Family Residences - Conforming Loans

Amortization: Up to 30 years  |  Term: 15 years   |  Conforming Loans - Up to $453,100
Adjustable Rate Index: 11th District Cost of Funds

Term Pts RATE APR*
5/1 ARM .50 4.250% 4.347%


Rates and APR (Annual Percentage Rate) are calculated for owner occupied single family residences and are based on a loan amount of $417,000 for purchase and no cash out refinances; LTV 70%, borrower FICO score of 700 and a 60-day lock. Actual APR may vary and will be disclosed 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 $453,100
Adjustable Rate Index: 11th District Cost of Funds

Term Pts RATE APR**
5/1 ARM .50 4.500% 4.593%

Rates and APR (Annual Percentage Rate) are calculated for owner occupied single family residences and are based on a loan amount of $460,000 for purchase and no cash out refinances; LTV 70%, borrower FICO score of 700 and a 60-day lock. Actual APR may vary and will be disclosed at the time of application.

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