The Credit Union Difference Eligibility Advantages Products & Services
Membership—Who can Join? Live or work in select counties MO – Clay, Jackson, Platte, St. Charles KS – Douglas, Johnson, Jefferson, Leavenworth, Miami, Shawnee, Wyandotte Select Employee Groups Family Eligibility
Credit Union Advantages We start where banking stops! Not for Profit, Member-Owned Ownership Participation Dividend Governed by Volunteer Board of Directors Lower fees, lower loan rates, higher deposit rates
Products & Services Full-Service Financial Institution Checking Savings Money Markets CDs Loans Financial Coaching Financial Planning Services Convenience 32 Branches (KC Metro, St. Louis, Topeka) 28,000 ATMs Nationwide—surcharge free Online Banking, Mobile Banking
CACU Mortgage Differences Pricing Advantages Product Advantages “Blitz” Product
CACU Mortgage Pricing Advantages - #1 90 Day Lock N Shop Program Lock your rate for 90 days while you shop for a home! Do not need a property address to lock. Free.125 rate float down within 30 days of closing.
CACU Mortgage Pricing Advantages - #2 Extended Lock Programs –Lock today’s rate for 6 months for.75 in price. –Lock today’s rate for 7 months for 1.00 in price. –Free float down up to.125 in rate within 30 days of closing. –Lower PMI than commercial banks – examples will be provided.
CACU Mortgage Product Advantages Combo Loans –80/15/5 up to $417K total loan amount; 80/10/10 up to sales price of $950K Jumbo Loans –Add.75 to conforming rates. Also have the ability to do a 80/10/10 combo up to $950K. Bridge Loans –Allows you to purchase new home without selling existing. USDA MHDC Loans –No down payment program for Missouri properties
CACU Mortgage Product Advantages, cont. Bi-Weekly Payments “Blitz Program” –New program designed to accommodate the “rush” purchase. Big banks are not set up to easily accommodate a purchase transaction to close within as little as 7 days, but we have set up a new process that will allow for these “rushes”