Rates

A trained member of our call center staff is available to help with loan rates. (Rates are subject to change.)

Call 281.331.2253 for more info about our rates.

All Vehicles (new & used autos**, boat/motor/trailer, motor homes, motorcycles**, RV’s, machinery & farm equipment

  • With a Chocolate Bayou checking account: rates as low as 2.42%-18.00% APR*
  • Without a Chocolate Bayou checking account: rates as low as 2.92%-18.00% APR*

* APR is Annual Percentage Rate. Actual rates are based on individual credit worthiness and length of loan. For an individual rate quote and terms, please see a Chocolate Bayou Loan Officer. Our staff cannot quote rates over the phone.

** 72-month terms are available for vehicles minimally valued at $25,000. 60-month terms are available for new motorcycle loans of $20,000 or more.

Auto, Boat, Motorcycle, RV’s with a Chocolate Bayou Checking Account.
Level Credit Score 24mo 36mo 48mo 60mo 72mo 84mo 96mo
“A+” 740 & above 2.42% 2.42% 2.42% 2.42% 3.67% 4.67% 5.67%
“A” 700 – 739 3.42% 3.42% 3.42% 3.42% 4.67% 5.67% 6.67%
“B” 660 – 699 4.67% 4.67% 4.67% 4.67% 5.92% 6.92% 7.92%
“C” 620 – 659 6.92% 6.92% 6.92% 6.92% 8.17% 9.17% 10.17%
“D” 580 – 619 9.92% 9.92% 9.92% 9.92% N/A N/A N/A
“E” 549 – 579 13.92% 13.92% 13.92% 13.92% N/A N/A N/A
Sub Prime 548 & below 18.00% 18.00% 18.0% 18.00% N/A N/A N/A
Auto, Boat, Motorcycle, RV’s without a primary Chocolate Bayou Checking Account.
Level Credit Score 24mo 36mo 48mo 60mo 72mo 84mo 96mo
“A+” 740 & above 2.92% 2.92% 2.92% 2.92% 4.17% 5.17% 6.17%
“A” 700 – 739 3.92% 3.92% 3.92% 3.92% 5.17% 6.17% 7.17%
“B” 660 – 699 5.17% 5.17% 5.17% 5.17% 6.42% 7.42% 8.42%
“C” 620 – 659 7.42% 7.42% 7.42% 7.42% 8.67% 9.67% 10.67%
“D” 580 – 619 10.42% 10.42% 10.42% 10.42% N/A N/A N/A
“E” 549 – 579 14.42% 14.42% 14.42% 14.42% N/A N/A N/A
Sub Prime 548 & below 18.00% 18.00% 18.00% 18.00% N/A N/A N/A

Real Estate Loans

Level Credit Score
“A+” 740 & above
“A” 700 – 739
“B” 660 – 699
“C” 620 – 659
“D” 580 – 619
Home Purchases/Refinances Rental/Investment Purchases
10 yr 15 yr 20 yr 10 yr 15 yr 20 yr
“A+” 4.25% 4.50% 5.00% 6.25% 6.50% 7.00%
“A” 4.75% 5.00% 5.50% 6.75% 7.00% 7.50%
“B” 5.25% 5.50% 6.00% 7.25% 7.50% 8.00%
“C” 6.00% 6.25% 6.75% 8.00% 8.25% 8.75%
“D” 7.00% 7.25% 7.75% 9.00% 9.25% 9.75%

**Loan to Value 80% of sales price or 80% of appraisal, using the lesser amount, requires 20% down

***30 year mortgages will be referred out

CBCFCU offers a 80 Plus Mortgage loan

Members who lack the sufficient funds for a down payment to qualify for a conventional real estate loan (20% down payment), may apply to finance the down payment not to exceed 95% of LTV of the property being financed. The loan would be secured by a second lien on the property being purchased and financed at the following terms & rates:

80 PLUS Mortgages 2nd Lien Rates
Level 10 yr 15 yr
“A+” 6.25% 6.50%
“A” 6.75% 7.00%
“B” 7.25% 7.50%
“C” 8.00% 8.25%
“D” 9.00% 9.25%
Home Equity 1st Lien Home Equity 2nd Lien
5 yr 10 yr 15 yr 5 yr 10 yr 15 yr
“A+” 4.25% 4.50% 5.00% 4.50% 5.25% 5.50%
“A” 4.75% 5.00% 5.50% 5.00% 5.75% 6.00%
“B” 5.25% 5.50% 6.00% 5.50% 6.25% 6.50%
“C” 6.00% 6.25% 6.75% 6.25% 7.00% 7.75%
“D” 7.00% 7.25% 7.75% 7.25% 8.00% 8.25%
Property/Land 30% Down* Property/Land 20% Down**
10 yr. 15 yr. 10 yr. 15 yr.
“A” & “A+” 6.75% 7.25% 7.75% 8.25%
“B” 7.25% 7.75% 8.25% 8.75%
“C” 8.00% 8.50% 9.00% 9.50%
“D” 9.00% 9.50% 10.00% 10.50%

*Loan to Value 70% of sales price or 70% of appraisal, using the lesser amount, requires 30% down
**Loan to Value 80% of sales price or 80% of appraisal, using the lesser amount; requires 20% down
Rates are based on individual credit worthiness and length of loan. For an individual rate quote and terms, please see a Chocolate Bayou Loan Officer.

Credit Cards

MasterCard (regular & Gold)
Levels Credit Score
“A” & “A+” 700 & above 9.18%
“B” 660 – 699 10.18%
“C” 620 – 659 12.18%
“D” 580 – 619 17.65%
“E” 549 – 579 17.65%
Sub Prime 548 & below 17.65%

Signature Loans ( Line-of-Credit Loan, Personal Loan, Furniture, home computer, & other unsecured loans )

Levels Credit Score
“A” & “A+” 700 & above 9.18%
“B” 660 – 699 10.18%
“C” 620 – 659 12.18%
“D” 580 – 619 18.00%
“E” 549 – 579 18.00%
Sub Prime 548 & below 18.00%

Rates are based on individual credit worthiness. Please see a Chocolate Bayou Loan Officer for an individual rate quote.

Deposit Accounts

APR* APY**
Savings 0.05% 0.05%
Checking 0.05% 0.05%
Christmas Club 0.05% 0.05%
EMMA Money Market 0.05% 0.05%
IRA 0.05% 0.05%
Term Share (CD’s)$1,000 minimum IMPORTANT NOTE: there may be a substantial penalty for early withdrawal of funds on Term Share accounts.
3 & 6 months 0.15% 0.15%
12 & 18 months 0.15% 0.15%
24 & 30 months 0.15% 0.15%
36 & 48 months 0.15% 0.15%
60 months 1.25% 1.26%
$100,000 minimum – 12 months 1.00% 1.00%

NOTE: Rates can change daily. Call 281.331.2253 for the most current rates.

* APR is Annual Percentage Rate.

** APY= Annual Percentage Yield, All Rates are subject to change without notice. Lending rates are subject to credit approval. All Share accounts are compounded daily and paid monthly. Share Drafts are compounded daily and paid monthly. Rates may change after account is opened. All Share certificates are compounded daily and paid monthly. Fees can reduce the earnings of deposit accounts. Penalties may apply for early withdrawal of CD deposits. Your savings are federally insured to at least $250,000 by the National Credit Union Administration (NCUA) and backed by the full faith and credit of the United States Government. Traditional IRAs, Roth IRAs and KEOGH retirement accounts are separately insured up to at least $250,000 by the National Credit Union Administration (NCUA) and backed by the full faith and credit of the United States Government. The National Credit Union Administration is a US Government Agency.