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Rate and Fee Schedule

Rates are accurate as of May 1, 2024, and are subject to change without notice. Please contact us if you have questions or need more information.

New & Used Autos

TermsNew Auto Purchase or RefinanceAPR as low asUsed Auto Purchase or RefinanceAPR as low as
60 months or less5.74%6.24%
61 – 72 months5.99%6.49%
73 – 84 months6.24%6.74%
New Auto Purchase or RefinanceAPR as low as
TermsAPR
60 months or less5.74%
61 – 72 months5.99%
73 – 84 months6.24%
Used Auto Purchase or RefinanceAPR as low as
TermsAPR
60 months or less6.24%
61 – 72 months6.49%
73 – 84 months6.74%
Apply Now

New and Used Motorcycles, Classic Cars, Boats, or RVs

Rates for motorcycles, and cars older than 6 model years are 2.5% above your qualified auto loan rate (see table above). For boats or RVs up to 120 months, please contact us for details.
Apply Now

New and Used Low-Speed Vehicles

TermsNew Low-Speed Vehicle APRAPR as low asUsed Low-Speed Vehicle APRAPR as low as
60 months or less6.24%7.24%
61 – 72 months6.49%7.49%
New Low-Speed Vehicle APRAPR as low as
TermsAPR
60 months or less6.24%
61 – 72 months6.49%
Used Low-Speed Vehicle APRAPR as low as
TermsAPR
60 months or less7.24%
61 – 72 months7.49%
Apply Now
  • No payment is due for the first 90 days.
  • New vehicle loans are for the current or next year model with 10,000 miles or under.
  • Used vehicle loans are for vehicles with over 10,000 miles, including pre-owned current-year vehicles with more than 10,000 miles.
  • Rates increase on vehicles with more than 100,000 miles.
  • California Registered Vehicles ONLY.
  • Out-of-state dealer purchase available (upon approval).
  • Rates increase on vehicles with more than 100,000 miles.
  • California Registered Vehicles ONLY.
  • Out-of-state dealer purchase available (upon approval).

APR = Annual Percentage Rate. The rates quoted are the lowest possible rates currently available. The applicant’s loan rate may be higher based upon their personal recorded credit experience. All rates are determined by an evaluation of applicant’s creditworthiness. Your rate may vary from the one listed on this schedule. Please see a loan representative for your qualified rate. Rates are subject to change without notice.

Visa Platinum Credit Card

  • APR as low as 8.99%
  • No annual fee
  • Open-ended term
Apply Now

Personal Line of Credit

  • APR as low as 11.00%
  • No annual fee
  • Open-ended term
Apply Now

Signature Loan

  • APR as low as 11.00%
  • No payment for 90 days
  • Balances starting at $2,501
  • Terms from 12 – 60 months
Apply Now

Unsecured loans are approved for a specific amount based on minimum creditworthiness and income requirements. No collateral is required. APR = Annual Percentage Rate. The rates quoted are the lowest possible rates currently available. The applicant’s loan rate may be higher based upon their personal recorded credit experience. All rates are determined by an evaluation of applicant’s creditworthiness. Your rate may vary from the one listed on this schedule. Please see a loan representative for your qualified rate. Rates are subject to change without notice.

Share Secured Visa Credit Card

  • APR as low as 8.99%
  • No annual fee
  • Open-ended term
Apply Now

Certificate Secured Loan

  • APR as low as certificate rate + 3%
  • No payment for 90 days
  • Open-ended term
  • Not available for IRAs or share accounts
Apply Now

Credit Builder Loan

  • APR as low as 3.05%
  • Term set at time of contract
Contact Us

Secured loans use your savings or share certificate account as collateral to secure the loan at a special low rate while earning dividends. APR = Annual Percentage Rate. The rates quoted are the lowest possible rates currently available. The applicant’s loan rate may be higher based upon their personal recorded credit experience. All rates are determined by an evaluation of applicant’s creditworthiness. Your rate may vary from the one listed on this schedule. Please see a loan representative for your qualified rate. Rates are subject to change without notice.

Savings Accounts (Primary, Secondary & Holiday Club)

Average Daily BalanceProspective Dividend RateProspective Annual Percentage Yield (APY)
$500.00 and above0.05%0.05%
Prospective Dividend Rate
Average Daily BalanceAPY
$500.00 and above0.05%
Prospective Annual Percentage Yield (APY)
Average Daily BalanceAPY
$500.00 and above0.05%

If your average daily balance is more than $500, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period.

Open an Account

High-Yield Savings

Average Daily BalanceProspective Dividend RateProspective Annual Percentage Yield (APY)
$500.00 – $99,999.990.40%0.40%
$100,000 – $499,999.99 0.55%0.55%
$500,000 and above0.65%0.65%
Prospective Dividend Rate
Average Daily BalanceAPY
$500.00 – $99,999.990.40%
$100,000 – $499,999.99 0.55%
$500,000 and above0.65%
Prospective Annual Percentage Yield (APY)
Average Daily BalanceAPY
$500.00 – $99,999.990.40%
$100,000 – $499,999.990.55%
$500,000 and above0.65%

If your average daily balance is more than $500 but less than $100,000, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period. If your average daily balance is more than $100,000 but less than $500,000, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period. If your average daily balance is $500,000 or more, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period.

Contact Us

Money Market Accounts

Average Daily BalanceProspective Dividend RateProspective Annual Percentage Yield (APY)
$2,500 – $9,999.990.20%0.20%
$10,000 – $49,999.990.25%0.25%
$50,000 – $99,999.990.30%0.30%
$100,000 and above0.40%0.40%
Prospective Dividend Rate
Average Daily BalanceAPY
$2,500 – $9,999.990.20%
$10,000 – $49,999.990.25%
$50,000 – $99,999.990.30%
$100,000 and above0.40%
Prospective Annual Percentage Yield (APY)
Average Daily BalanceAPY
$2,500 – $9,999.990.20%
$10,000 – $49,999.990.25%
$50,000 – $99,999.990.30%
$100,000 and above0.40%

If your average daily balance is more than $2,499.99 but less than $10,000, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period. If your average daily balance is more than $9,999.99 but less than $50,000, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period. If your average daily balance is more than $49,999.99 but less than $100,000, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period. If your average daily balance is $100,000 or more, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period.

Contact Us

Premium Money Market

Average Daily BalanceProspective Dividend RateProspective Annual Percentage Yield (APY)
$25,000 – $100,000.002.96%3.00%
$100,000.01 and above2.96%3.00%
Prospective Dividend Rate
Average Daily BalanceAPY
$25,000 – $100,000.002.96%
$100,000.01 and above2.96%
Prospective Annual Percentage Yield (APY)
Average Daily BalanceAPY
$25,000 – $100,000.003.00%
$100,000.01 and above3.00%

If your average daily balance is more than $24,999.99 but less than $100,000, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period. If your average daily balance is $100,000 or more, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period.

Contact Us

Plus Checking Accounts

Average Daily BalanceProspective Dividend RateProspective Annual Percentage Yield (APY)
$2,500.00 and above0.10%0.10%
Prospective Dividend Rate
Average Daily BalanceAPY
$2,500.00 and above0.10%
Prospective Annual Percentage Yield (APY)
Average Daily BalanceAPY
$2,500.00 and above0.10%

If your average daily balance is more than $2,500, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period.

Open an Account

Traditional & Roth Individual Retirement Accounts (IRAs)

Average Daily BalanceProspective Dividend RateProspective Annual Percentage Yield (APY)
$2,500.00 and above0.15%0.15%
Prospective Dividend Rate
Average Daily BalanceAPY
$2,500.00 and above0.15%
Prospective Annual Percentage Yield (APY)
Average Daily BalanceAPY
$2,500.00 and above0.15%

The minimum balance required to open and maintain the Traditional and Roth IRA Savings Account is $50.

Contact Us

Rates are accurate as of the date listed above and are subject to change without notice. Call us at 310.374.3436 for current rate information. APY = Annual Percentage Yield. The minimum average daily balance required to earn the disclosed APY is as set forth below. Dividends are paid from current and available earnings after required transfers to reserves at the end of a dividend period. The dividend rate and APY on such accounts may change daily and after account opening. Fees may reduce earnings. Refer to South Bay Credit Union’s Agreements and Truth-In-Savings Disclosure and Consumer Schedule of Fees and Charges for additional terms and conditions such as fees, rate information, payment of dividends, and other details applicable to your specific account. All accounts are insured to $1,000,000 by American Share Insurance.

Share Certificate Accounts and IRA Share Certificates

  • APY = Annual Percentage Yield
  • Minimum balance: $1,000
  • All accounts are insured to $1,000,000 by American Share Insurance.
Available TermsProspective Dividend RateProspective Annual Percentage Yield (APY)
3 months0.25%0.25%
5 months**4.87%5.00%
6 months0.40%0.40%
7 month*3.92%4.00%
9 months* (online only)2.22%2.25%
11 months*2.46%2.50%
12 months0.65%0.65%
13 Month*3.19%3.25%
18 months0.60% 0.60%
24 months0.70%0.70%
36 months0.80%0.80%
48 months0.90%0.90%
60 months0.99%1.00%
Prospective Dividend Rate
Available TermsAPY
3 months0.25%
5 months**4.87%
6 months0.40%
7 month*3.92%
9 months* (online only)2.22%
11 months*2.46%
12 months0.65%
13 Month*3.19%
18 months0.60%
Prospective Annual Percentage Yield (APY)
Available TermsAPY
3 months0.25%
5 months**5.00%
6 months0.40%
7 month*4.00%
9 months* (online only)2.25%
11 months*2.50%
12 months0.65%
13 Month*3.25%
18 months 0.60%

Rates are accurate as of the date listed above and are subject to change without notice. Online-only certificate promotions are available to current members through home banking or mobile banking only. Call us at 310.374.3436 for current rate information.

The minimum balance required to open and maintain each Term Share (Certificate) Account is as set forth above. The minimum balance required to open and maintain each Term Share (Certificate) Account opened as a Traditional and Roth IRA is as set forth above.

The minimum balance required to earn the disclosed APY (Annual Percentage Rate) for each Term Share (Certificate) Account is as set forth above. For purposes of this disclosure, such Dividend Rates or APYs were offered within the most recent seven (7) calendar days and were accurate as of the last date as set forth above. Please call 310.374.3436 to obtain current rate information for such accounts. Dividends are paid from current and available earnings after required transfers to reserves at the end of a dividend period. A substantial penalty may be imposed for early withdrawal. The applicable Dividend Rate or APY as set forth above for each Term Share (Certificate) Account will be paid for the length of the term listed. Fees and other conditions could reduce earnings on any of the listed accounts as set forth in the Credit Union’s Account Agreement and Truth-In-Savings Disclosure. *Not available for IRA accounts. The 5-month certificate will auto-renew to a 6-month certificate at the rate at maturity. The 9-month certificate, 11-month certificate, and 13-month certificate to auto-renew to a 12-month certificate at the current rate at maturity. These offers can end at any time. **Available for new money only. New money is defined as funds not currently or previously on deposit with South Bay Credit Union in the last 30 days. Rate and term valid as of February 1, 2024, through June 30, 2024 for a 5-month Share Certificate only. New 5-month Share Certificate must be opened with at least $10,000 or more. After the account is opened, additional deposits to the Account are not permitted. Dividends accrue daily and are paid monthly and at maturity, but penalties for early withdrawal may apply. At the end of the 5 months, funds will roll over to a 6-month Share Certificate at the then current rate. See Account Agreement and Truth-In-Savings Disclosure for terms and conditions. Rate and offer are subject to change at any time without notice. Must be a member or qualify for membership to open a certificate. Maximum of $500,000 per member in this special 5-month Share Certificate product.

Home and Real Estate Loans (California only)

All rates are expressed in terms of Annual Percentage Rate (APR) and are subject to change without notice. Please contact our Loan Officers at 424.327.9790 or mortgage@southbaycu.com for today’s current rates.

Check Rates

First Trust Deed

  • Available for purchase or refinance
  • FHA, VA, and reverse mortgages available
  • Fixed-rate and adjustable-rate options
  • Terms from 10–30 years
  • Conforming and jumbo loans available
  • Fannie Mae Conforming Loan Limits
    • 1 unit: $766,550.00
    • 2 units: $981,500.00
    • 3 units: $1,186,350.00
    • 4 units: $1,474,400.00
Apply Now

Second Trust Deed

  • Owner-occupied loans only
  • Maximum loan-to-value (LTV) is 80%. The LTV is determined by an evaluation of applicant’s creditworthiness. Your approved LTV may vary from 80%.
  • 15-year fixed-rate: Up to $500,000
  • 15-year adjustable-rate: Up to $500,000
Apply Now

Home Equity Lines of Credit (HELOCs)

  • The Prime Rate for the HELOC is 8.500%. Current fully indexed APR is 9.500%.
  • The rate is based upon prime rate, WSJ Money Rates, plus 0.50% for loan-to-value (LTV) less than 50% or plus 1.00% for LTV of 50% or higher, a minimum interest rate of 4.000%, which is the floor rate. Your rate may be more based on your credit risk score as reported by the credit bureau.
  • The maximum interest rate cannot exceed 12.00% APR.
  • The rate is subject to change at the first of each month as the prime rate changes.
  • The draw period is for 10 years, and payments are interest-only during this time. After the draw period, the loan is fully amortized to payoff for 15 years. All loans are subject to credit approval, title search, and verification of equity. Homeowners insurance and flood insurance, if applicable, is required. Consult your tax advisor for potential tax breaks.
  • Home Equity Loans are fixed rate and fully amortized up to 15 years with a one-time advance.

New & Used Autos

TermsNew Auto Purchase or RefinanceAPR as low asUsed Auto Purchase or RefinanceAPR as low as
60 months or less5.74%6.24%
61 – 72 months5.99%6.49%
73 – 84 months6.24%6.74%
Apply Now

New and Used Motorcycles, Classic Cars, Boats, or RVs

Rates for motorcycles, and cars older than 6 model years are 2.5% above your qualified auto loan rate (see table above). For boats or RVs up to 120 months, please contact us for details.
Apply Now

New and Used Low-Speed Vehicles

TermsNew Low-Speed Vehicle APRAPR as low asUsed Low-Speed Vehicle APRAPR as low as
60 months or less6.24%7.24%
61 – 72 months6.49%7.49%
Apply Now
  • No payment is due for the first 90 days.
  • New vehicle loans are for the current or next year model with 10,000 miles or under.
  • Used vehicle loans are for vehicles with over 10,000 miles, including pre-owned current-year vehicles with more than 10,000 miles.
  • Rates increase on vehicles with more than 100,000 miles.
  • California Registered Vehicles ONLY.
  • Out-of-state dealer purchase available (upon approval).
  • Rates increase on vehicles with more than 100,000 miles.
  • California Registered Vehicles ONLY.
  • Out-of-state dealer purchase available (upon approval).

APR = Annual Percentage Rate. The rates quoted are the lowest possible rates currently available. The applicant’s loan rate may be higher based upon their personal recorded credit experience. All rates are determined by an evaluation of applicant’s creditworthiness. Your rate may vary from the one listed on this schedule. Please see a loan representative for your qualified rate. Rates are subject to change without notice.

Visa Platinum Credit Card

  • APR as low as 8.99%
  • No annual fee
  • Open-ended term
Apply Now

Personal Line of Credit

  • APR as low as 11.00%
  • No annual fee
  • Open-ended term
Apply Now

Signature Loan

  • APR as low as 11.00%
  • No payment for 90 days
  • Balances starting at $2,501
  • Terms from 12 – 60 months
Apply Now

Unsecured loans are approved for a specific amount based on minimum creditworthiness and income requirements. No collateral is required. APR = Annual Percentage Rate. The rates quoted are the lowest possible rates currently available. The applicant’s loan rate may be higher based upon their personal recorded credit experience. All rates are determined by an evaluation of applicant’s creditworthiness. Your rate may vary from the one listed on this schedule. Please see a loan representative for your qualified rate. Rates are subject to change without notice.

Share Secured Visa Credit Card

  • APR as low as 8.99%
  • No annual fee
  • Open-ended term
Apply Now

Certificate Secured Loan

  • APR as low as certificate rate + 3%
  • No payment for 90 days
  • Open-ended term
  • Not available for IRAs or share accounts
Apply Now

Credit Builder Loan

  • APR as low as 3.05%
  • Term set at time of contract
Contact Us

Secured loans use your savings or share certificate account as collateral to secure the loan at a special low rate while earning dividends. APR = Annual Percentage Rate. The rates quoted are the lowest possible rates currently available. The applicant’s loan rate may be higher based upon their personal recorded credit experience. All rates are determined by an evaluation of applicant’s creditworthiness. Your rate may vary from the one listed on this schedule. Please see a loan representative for your qualified rate. Rates are subject to change without notice.

Savings Accounts (Primary, Secondary & Holiday Club)

Average Daily BalanceProspective Dividend RateProspective Annual Percentage Yield (APY)
$500.00 and above0.05%0.05%

If your average daily balance is more than $500, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period.

Open an Account

High-Yield Savings

Average Daily BalanceProspective Dividend RateProspective Annual Percentage Yield (APY)
$500.00 – $99,999.990.40%0.40%
$100,000 – $499,999.99 0.55%0.55%
$500,000 and above0.65%0.65%

If your average daily balance is more than $500 but less than $100,000, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period. If your average daily balance is more than $100,000 but less than $500,000, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period. If your average daily balance is $500,000 or more, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period.

Contact Us

Money Market Accounts

Average Daily BalanceProspective Dividend RateProspective Annual Percentage Yield (APY)
$2,500 – $9,999.990.20%0.20%
$10,000 – $49,999.990.25%0.25%
$50,000 – $99,999.990.30%0.30%
$100,000 and above0.40%0.40%

If your average daily balance is more than $2,499.99 but less than $10,000, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period. If your average daily balance is more than $9,999.99 but less than $50,000, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period. If your average daily balance is more than $49,999.99 but less than $100,000, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period. If your average daily balance is $100,000 or more, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period.

Contact Us

Premium Money Market

Average Daily BalanceProspective Dividend RateProspective Annual Percentage Yield (APY)
$25,000 – $100,000.002.96%3.00%
$100,000.01 and above2.96%3.00%

If your average daily balance is more than $24,999.99 but less than $100,000, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period. If your average daily balance is $100,000 or more, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period.

Contact Us

Plus Checking Accounts

Average Daily BalanceProspective Dividend RateProspective Annual Percentage Yield (APY)
$2,500.00 and above0.10%0.10%

If your average daily balance is more than $2,500, the prospective Dividend Rate and prospective APY as set forth above will be paid on the entire account balance for the dividend period.

Open an Account

Traditional & Roth Individual Retirement Accounts (IRAs)

Average Daily BalanceProspective Dividend RateProspective Annual Percentage Yield (APY)
$2,500.00 and above0.15%0.15%

The minimum balance required to open and maintain the Traditional and Roth IRA Savings Account is $50.

Contact Us

Rates are accurate as of the date listed above and are subject to change without notice. Call us at 310.374.3436 for current rate information. APY = Annual Percentage Yield. The minimum average daily balance required to earn the disclosed APY is as set forth below. Dividends are paid from current and available earnings after required transfers to reserves at the end of a dividend period. The dividend rate and APY on such accounts may change daily and after account opening. Fees may reduce earnings. Refer to South Bay Credit Union’s Agreements and Truth-In-Savings Disclosure and Consumer Schedule of Fees and Charges for additional terms and conditions such as fees, rate information, payment of dividends, and other details applicable to your specific account. All accounts are insured to $1,000,000 by American Share Insurance.

Share Certificate Accounts and IRA Share Certificates

  • APY = Annual Percentage Yield
  • Minimum balance: $1,000
  • All accounts are insured to $1,000,000 by American Share Insurance.
Available TermsProspective Dividend RateProspective Annual Percentage Yield (APY)
3 months0.25%0.25%
5 months**4.87%5.00%
6 months0.40%0.40%
7 month*3.92%4.00%
9 months* (online only)2.22%2.25%
11 months*2.46%2.50%
12 months0.65%0.65%
13 Month*3.19%3.25%
18 months0.60% 0.60%
24 months0.70%0.70%
36 months0.80%0.80%
48 months0.90%0.90%
60 months0.99%1.00%

Rates are accurate as of the date listed above and are subject to change without notice. Online-only certificate promotions are available to current members through home banking or mobile banking only. Call us at 310.374.3436 for current rate information.

The minimum balance required to open and maintain each Term Share (Certificate) Account is as set forth above. The minimum balance required to open and maintain each Term Share (Certificate) Account opened as a Traditional and Roth IRA is as set forth above.

The minimum balance required to earn the disclosed APY (Annual Percentage Rate) for each Term Share (Certificate) Account is as set forth above. For purposes of this disclosure, such Dividend Rates or APYs were offered within the most recent seven (7) calendar days and were accurate as of the last date as set forth above. Please call 310.374.3436 to obtain current rate information for such accounts. Dividends are paid from current and available earnings after required transfers to reserves at the end of a dividend period. A substantial penalty may be imposed for early withdrawal. The applicable Dividend Rate or APY as set forth above for each Term Share (Certificate) Account will be paid for the length of the term listed. Fees and other conditions could reduce earnings on any of the listed accounts as set forth in the Credit Union’s Account Agreement and Truth-In-Savings Disclosure. *Not available for IRA accounts. The 5-month certificate will auto-renew to a 6-month certificate at the rate at maturity. The 9-month certificate, 11-month certificate, and 13-month certificate to auto-renew to a 12-month certificate at the current rate at maturity. These offers can end at any time. **Available for new money only. New money is defined as funds not currently or previously on deposit with South Bay Credit Union in the last 30 days. Rate and term valid as of February 1, 2024, through June 30, 2024 for a 5-month Share Certificate only. New 5-month Share Certificate must be opened with at least $10,000 or more. After the account is opened, additional deposits to the Account are not permitted. Dividends accrue daily and are paid monthly and at maturity, but penalties for early withdrawal may apply. At the end of the 5 months, funds will roll over to a 6-month Share Certificate at the then current rate. See Account Agreement and Truth-In-Savings Disclosure for terms and conditions. Rate and offer are subject to change at any time without notice. Must be a member or qualify for membership to open a certificate. Maximum of $500,000 per member in this special 5-month Share Certificate product.

Home and Real Estate Loans (California only)

All rates are expressed in terms of Annual Percentage Rate (APR) and are subject to change without notice. Please contact our Loan Officers at 424.327.9790 or mortgage@southbaycu.com for today’s current rates.

Check Rates

First Trust Deed

  • Available for purchase or refinance
  • FHA, VA, and reverse mortgages available
  • Fixed-rate and adjustable-rate options
  • Terms from 10–30 years
  • Conforming and jumbo loans available
  • Fannie Mae Conforming Loan Limits
    • 1 unit: $766,550.00
    • 2 units: $981,500.00
    • 3 units: $1,186,350.00
    • 4 units: $1,474,400.00
Apply Now

Second Trust Deed

  • Owner-occupied loans only
  • Maximum loan-to-value (LTV) is 80%. The LTV is determined by an evaluation of applicant’s creditworthiness. Your approved LTV may vary from 80%.
  • 15-year fixed-rate: Up to $500,000
  • 15-year adjustable-rate: Up to $500,000
Apply Now

Home Equity Lines of Credit (HELOCs)

  • The Prime Rate for the HELOC is 8.500%. Current fully indexed APR is 9.500%.
  • The rate is based upon prime rate, WSJ Money Rates, plus 0.50% for loan-to-value (LTV) less than 50% or plus 1.00% for LTV of 50% or higher, a minimum interest rate of 4.000%, which is the floor rate. Your rate may be more based on your credit risk score as reported by the credit bureau.
  • The maximum interest rate cannot exceed 12.00% APR.
  • The rate is subject to change at the first of each month as the prime rate changes.
  • The draw period is for 10 years, and payments are interest-only during this time. After the draw period, the loan is fully amortized to payoff for 15 years. All loans are subject to credit approval, title search, and verification of equity. Homeowners insurance and flood insurance, if applicable, is required. Consult your tax advisor for potential tax breaks.
  • Home Equity Loans are fixed rate and fully amortized up to 15 years with a one-time advance.
Forms

Forms

At South Bay Credit Union, we believe in transparency. That’s why our forms are available online 24/7, so you can access them at your convenience.


Cash Withdrawal Request

Cash withdrawals over $5,000.00 need to be requested 48 hours prior to disbursement. Please submit your request to notify the Branch Manager at the location you will be conducting your withdrawal.

Cash Withdrawal Request

Fees

Fees

As a not-for-profit cooperative, the only way we can raise money is by charging interest on loans or by charging fees for services. The money we earn is used to pay for the expenses associated with providing services and to pay members dividends earned on their savings and investment accounts; the rest is returned to our members and our communities. Access our current Fee Schedule and please feel free to reach out if you have any questions or concerns.

We keep our fees as low as possible.

We keep our fees as low as possible.

We don’t charge hidden fees.

We don’t charge hidden fees.

We haven’t increased our fees in more than 8 years.

We haven’t increased our fees in more than 8 years.