NCUA Releases New, Improved Insurance Coverage Estimator

 

EXPERIENCE THE LATEST IN ON LINE MORTGAGES with the service excellence you expect from the credit union! Through our new partnership with Mortgage Markets CUSO, a credit union owned mortgage lender, we now offer you an extensive array of low rate mortgage options with the convenience of 24/7 access to on line approvals.

The Mortgage Markets web site is a leading edge window to a new world of on line tools that can cut the mortgage process in half! You can print out your mortgage commitment after spending just 15-20 minutes completing a streamlined application. And best of all - from start to finish you will be dealing with solutions specifically designed for credit union members.

If you are looking to refinance you will obtain instant approvals, great rates, low overall closing costs, rate tracking notifications and the tools to make comparison shopping easier. For new home buyers there are many other great self help tools such as automated pre-approval letters, mortgage calculators, complete process information / checklists, on line and phone loan consultant options, and much more. So to research or apply for a mortgage loan with your credit union click here.

Refinance

Is it possible that refinancing can pay off again? Don't wonder! In less than 2 minutes you can know by inputting your mortgage payment (Principle & Interest Only) and your mortgage balance in our refinance calculator. You will get a printout listing the payback period required to recoup your up front refinance costs and current rate assumptions used. This is just one of the great new tools you can use on our mortgage site!

Pre-qualification Letters

House hunting, but not ready to apply? Get a free Pre-qualification letter today! Simply answer a few questions, and you will be able to print out a Pre-qualification Letter in minutes. You can share this letter with your realtor or independent home seller as evidence they can afford that new dream home.

 

32,000 Surcharge-Free ATMs Nationwide
 

CSPCU is pleased to provide, Allpoint, America's largest surcharge-free ATM network at no charge to our members. With over 32,000 ATMs, Allpoint is the largest single source for surcharge-free access coast to coast. To find a surcharge free ATM use the convenient locator on the Locations page.

US map

Allpoint ATMs by State

 

Fraud Alert

Residents in New Jersey and surrounding areas have been receiving automated "Vishing" telephone calls impersonating a local financial institution. The calls have gone out to thousands of area residents regardless of which financial institution they patronize. It is clear that the perpetrators of this scam are not in possession of specific information for the financial institution they are impersonating.

In the scam the consumer receives a pre-recorded call identifying a specific local financial institution. The message informs the consumer that their personal bank accounts have been frozen. The message advises the consumer to immediately input their ATM or Debit Card number, expiration date and PIN to reactivate the affected account. The security code from the back of the card may also be requested. Unauthorized ATM withdrawals are occurring immediately.

Never give out personal information over the phone unless your sure of the party you are dealing with.

Do we have your current address?

If you move please make sure to notify the credit union of your new address.

 

Is comparing APRs the best way to decide which lender has the lowest rates and fees?

The Federal Truth in Lending law requires that all financial institutions disclose the APR when they advertise a rate. The APR is designed to present the actual cost of obtaining financing, by requiring that some, but not all, closing fees are included in the APR calculation. These fees in addition to the interest rate determine the estimated cost of financing over the full term of the loan. Since most people do not keep the mortgage for the entire loan term, it may be misleading to spread the effect of some of these up front costs over the entire loan term.

Also, unfortunately, the APR doesn't include all the closing fees and lenders are allowed to interpret which fees they include. Fees for things like appraisals, title work, and document preparation are not included even though you'll probably have to pay them.

For adjustable rate mortgages, the APR can be even more confusing. Since no one knows exactly what market conditions will be in the future, assumptions must be made regarding future rate adjustments.

You can use the APR as a guideline to shop for loans but you should not depend solely on the APR in choosing the loan program that's best for you. Look at total fees, possible rate adjustments in the future if you're comparing adjustable rate mortgages, and consider the length of time that you plan on having the mortgage.

Don't forget that the APR is an effective interest rate--not the actual interest rate. Your monthly payments will be based on the actual interest rate, the amount you borrow, and the term of your loan.

Identity Theft

If you would like to learn how to protect yourself from identity theft and other internet scams click on the icon below.

 Fighting Back Against Identity Theft - Federal Trade Commission

 

Video
A 10-minute educational video that provides an overview of identity theft and outlines the steps you can take.

 Deter. Detect. Defend. Avoid ID Theft - Play Video
 

 

Mortgage money is available.  Call 1-800-310-7728 for information and rates.



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