FAQs

Description

Whether buying or refinancing, you can count on PFCU to be your home buying partner. We’re here to assist you in finding the right mortgage product and loan terms to meet your needs and budget.

Disclaimer

*Instant Decision not available for Home Equity or Mortgage Loans.

*APR= Annual Percentage Rate. +The Flat Fee Mortgage Program is available to borrowers purchasing or refinancing 1-4 family owner-occupied properties located in NJ, PA, DE, MD, DC, VA, NC, SC, GA, FL and is subject to change at any time. The $999 Flat Fee is non-refundable and payable upon return of the signed Initial Disclosure Package. Refinance and new purchase applicants will be responsible for interim interest, funding an escrow account for property taxes and insurance, and all title insurance costs and attorney fees. Home purchase applicants will also be responsible for survey costs, home inspection costs, and all settlement items between the applicant as buyer and seller for the purchase of applicant’s home. Maximum loan amount of $766,550 and the minimum loan amount is $50,000. LTVs up to 95%, conditions apply. Cash out refinances may be subject to different terms and/or restrictions. All applicants with a loan to value over 80% require Private Mortgage Insurance (PMI), which is funded by the applicant. Any member that has financed their mortgage with PFCU in the last twenty-four (24) months is not eligible for this program. Applicants are subject to credit approval and PFCU underwriting guidelines. Additional terms and conditions may apply. Rates, fees, and terms are subject to change at any time. To qualify for membership, you must open a savings account with a minimum deposit of $5.

*APR=Annual Percentage Rate. Loan Rates as of 10/11/24. Rates are subject to change at any time. The APR is calculated based on a loan amount of $100,000. Our minimum mortgage amount is $50,000.00 to a conforming maximum of $766,550 and $1,089,300 for high cost areas for single family residences.  Other terms available for two to four family units.  Speak with one of our Mortgage Loan Officers at (973) 361-5225 extension 157.

NMLS ID 402605

Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

Description

Whether you’re looking to consolidate debt, pay for college tuition or remodel your kitchen, you can use the equity in your home to help finance the cost.

Disclaimers

*APR=Annual Percentage Rate. Loan Rates as of 12/19/24. The actual rate may vary based upon creditworthiness and underwriting policies. Applicants are subject to credit approval and PFCU underwriting guidelines. Additional terms and conditions may apply. Rates and terms are subject to change at any time. To qualify for membership, you must open a savings account with a minimum deposit of $5.

**The APR for all Equity Lines of Credit may vary and is based on the U.S. prime rate as published in The Wall Street Journal. The minimum “floor” APR on all Equity Lines of Credit is 3.25% and the maximum APR that can apply is 18%. Introductory Rate of 1.99% for the first 6 months and adjusts to Prime + a margin after the introductory period. *Loan to value up to 80%. Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

***Closing costs for the first $250,000 will be paid by Picatinny but must be repaid by the borrower(s) if the HELOC is closed within the first 12 months of account opening. These fees can be found on our Early Disclosure. Note: For LTV’s over 80% we have a limit of $250,000, have restrictions to DTI, min credit score, and are not eligible for the Introductory Rate.  Rates will vary for LTV over 80%. Max Line of $350,000, any loan size over $250k, the Applicant will be responsible for Title fees and Appraisal fees. Housing counseling agencies approved by the US Department of Housing and Urban Development (HUD) can offer independent advice about whether a particular set of mortgage loan terms is a good fit based on your objectives and circumstances, often at little or no cost. If you are interested in contacting a HUD-approved housing counseling agency in your area, you can visit the Consumer Financial Protection Bureau’s (CFPB) website and enter your zip code. You can also access HUD’s housing counseling agency website. For additional assistance with locating a housing counseling agency, call the CFPB at 1-855-411-CFPB (2372).

Picatinny Federal Credit Union NMLS ID 402605

Description

From choosing your perfect car at the dealership or utilizing PFCU’s CarMatch, we are here to help you get in the driver’s seat. We want to make your next car-buying experience hassle-free and convenient.

Disclaimers

*APR=Annual Percentage Rate. **New vehicle loan, 5.87% APR for 60 months, $19.00 per month per $1,000 borrowed. Used vehicle loan 6.495% APR for 60 months, $20.00 per month per $1,000 borrowed. Rates and terms are subject to change at any time. The actual rate may vary based upon creditworthiness and underwriting policies. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00.

Vehicle Loans

* APR=Annual Percentage Rate. Loan Rates as of 10/23/24.
Actual rates may vary on New & Used Vehicle Loan Products. Applicants are subject to credit approval and PFCU underwriting guidelines. Additional terms and conditions may apply. Rates and Terms are subject to change at any time. Different terms may be available for 10 model year vehicles. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00. Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

First Time Auto Buying

*APR=Annual Percentage Rate. New or used vehicle loan, 6.50% APR for 60 months, $19.80 per $1,000 borrowed. The rates and terms of the offer are subject to change at any time. Program underwriting guidelines must be met for loan approval. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00.

Contact the credit union for more details.

Description

From choosing your perfect car at the dealership or utilizing PFCU’s CarMatch, we are here to help you get in the driver’s seat. We want to make your next car-buying experience hassle-free and convenient.

Disclaimers

*APR=Annual Percentage Rate. **New vehicle loan, 5.87% APR for 60 months, $19.00 per month per $1,000 borrowed. Used vehicle loan 6.495% APR for 60 months, $20.00 per month per $1,000 borrowed. Rates and terms are subject to change at any time. The actual rate may vary based upon creditworthiness and underwriting policies. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00.

Vehicle Loans

* APR=Annual Percentage Rate. Loan Rates as of 4/08/24.

Actual rates may vary on New & Used Vehicle Loan Products. Applicants are subject to credit approval and PFCU underwriting guidelines. Additional terms and conditions may apply. Rates and Terms are subject to change at any time. Different terms may be available for 10 model year vehicles. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00. Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

Description

Whether boating on Lake Hopatcong or planning a cross-country trip in a new or used RV, PFCU is here to help finance your next adventure.

Disclaimers

*APR=Annual Percentage Rate. **New recreational vehicle loan, 7.865% APR for 60 months, $20.22 per month per $1,000 borrowed. Used recreational vehicle loan 8.115% APR for 60 months, $20.34 per month per $1,000 borrowed. Rates and terms are subject to change at any time. The actual rate may vary based upon creditworthiness and underwriting policies. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00.

Recreational Vehicle Loans

* APR=Annual Percentage Rate. Loan Rates as of 6/13/23.

Actual rates may vary on Recreational Vehicle Loan Products. Applicants are subject to credit approval and PFCU underwriting guidelines. Additional terms and conditions may apply. Rates and terms are subject to change at any time. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00. Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

Description

Whether boating on Lake Hopatcong or planning a cross-country trip in a new or used RV, PFCU is here to help finance your next adventure.

Disclaimers

*APR=Annual Percentage Rate. **New recreational vehicle loan, 7.865% APR for 60 months, $20.22 per month per $1,000 borrowed. Used recreational vehicle loan 8.115% APR for 60 months, $20.34 per month per $1,000 borrowed. Rates and terms are subject to change at any time. The actual rate may vary based upon creditworthiness and underwriting policies. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00.

Recreational Vehicle Loans

* APR=Annual Percentage Rate. Loan Rates as of 6/13/23.

Actual rates may vary on Recreational Vehicle Loan Products. Applicants are subject to credit approval and PFCU underwriting guidelines. Additional terms and conditions may apply. Rates and terms are subject to change at any time. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00. Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

Description

We understand that life can be unpredictable and that savings accounts are a high priority for our members. That’s why we offer savings to fit every need and help you best prepare for your future. 

Disclaimers

*APY=Annual Percentage Yield. APYs are effective as of 2/1/23 and are subject to change without notice. Rates are for comparison only. Actual rates may vary. Fees could reduce the earnings on the account (only applies if maintenance or activity fees are associated with the account). During any month, you may not make more than six (6) electronic transfers between accounts at PFCU, accounts at other financial institutions or third-party payments. Electronic transfers include preauthorized, automatic (overdraft), computer (online), ATM and phone transfers. You are not able to exceed the transfer limitation set forth above. Electronic transfers scheduled to occur after the threshold of 6 has been reached will be rejected.

Transaction limitations on savings/share account: During any month, you may not make more than six withdrawals or transfers to another Credit Union account/ sub account of yours, or to a third party by means of preauthorized, automatic, or computer transfer, or telephonic order or instruction. If you exceed the transfer limitation set forth above, your account will be subject to excessive
transaction fees or closure by the credit union.

Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

Description

A money market account acts similarly to a checking account, allowing you to withdraw money when you need it, while still earning interest at a higher rate than a basic savings account.

Disclaimers

* APY=Annual Percentage Yield. APYs are effective as of 3/31/23 and are subject to change without notice. Rates are for comparison only. Actual rates may vary. Fees could reduce the earnings on the account (only applies if maintenance or activity fees are associated with the account).

To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00.

Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

Description

Disclaimers

*APY=Annual Percentage Yield. APYs are effective as of 9/18/24 and are subject to change without notice. Rates are for comparison only. Actual rates may vary. Fees could reduce the earnings on the account (only applies if maintenance or activity fees are associated with the account).

*13-Month Share Certificate APYs are effective as of 9/18/24. Rates are for comparison only. Actual rates may vary and are subject to change without notice. Fees could reduce the earnings on the account (only applies if maintenance or activity fees are associated with the account). On the maturity date, the certificate will automatically renew to a 12-month term at the rate in effect for that term at the time of renewal.

*18-Month Share Certificate APYs are effective as of 9/18/24. Rates are for comparison only. Actual rates may vary and are subject to change without notice. Fees could reduce the earnings on the account (only applies if maintenance or activity fees are associated with the account).

*24-Month Share Certificate APYs are effective as of 9/18/24. Rates are for comparison only. Actual rates may vary and are subject to change without notice. Fees could reduce the earnings on the account (only applies if maintenance or activity fees are associated with the account).

To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00.

Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

Description

Certificates are perfect for short- or long-term investments, and at PFCU, we have the right terms and rates for you.

Disclaimers

APY=Annual Percentage Yield. APYs are effective as of 9/18/24 and are subject to change without notice. Rates are for comparison only. Actual rates may vary. Fees could reduce the earnings on the account (only applies if maintenance or activity fees are associated with the account).

To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00.

Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

Description

We know how important it is to put money aside for vacations, holiday shopping, unexpected auto expenses, and more. That’s why we’ve created the Club Account, to help you save and grow the money you’ve already been setting aside.

Disclaimers

* APY=Annual Percentage Yield. APYs are effective as of 3/4/22 and are subject to change without notice. Rates are for comparison only. Actual rates may vary.

To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00.

Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

Description

We know how important it is to put money aside for vacations, holiday shopping, unexpected auto expenses, and more. That’s why we’ve created the Club Account, to help you save and grow the money you’ve already been setting aside.

Disclaimers

* APY=Annual Percentage Yield. APYs are effective as of 3/4/22 and are subject to change without notice. Rates are for comparison only. Actual rates may vary.

To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00.

Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

Description

We understand that each of our member’s lives are different, with their own personal and financial situation. At Picatinny, we have personal loans to meet the needs of our individual members.

Disclaimers

*APR=Annual Percentage Rate. Loan Rates as of 1/16/24. Applicants are subject to credit approval and PFCU underwriting guidelines. Actual rates term and amount may vary on Personal Loan Products. Additional terms and conditions may apply. Rates and terms are subject to change at any time. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00.

Actual rates may vary on Personal Loan Products.

Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

Description

We understand that each of our member’s lives are different, with their own personal and financial situation. At Picatinny, we have personal loans to meet the needs of our individual members.

Disclaimers

*APR=Annual Percentage Rate. Loan Rates as of 6/13/23. Applicants are subject to credit approval and PFCU underwriting guidelines. Actual rates term and amount may vary on Personal Loan Products. Additional terms and conditions may apply. Rates and terms are subject to change at any time. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00.

Actual rates may vary on Personal Loan Products.

Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

Description

A low-risk loan, with all the benefits. Our Share Secured loans are secured with money in your own savings (Share) account. As you begin to pay off the loan, the funds in your savings account become available. This is a low-risk way to borrow and still receive interest on the money in your account.

Disclaimers

*APY=Annual Percentage Yield. APYs are effective as of 3/18/24 and are subject to change without notice. Rates are for comparison only. Actual rates may vary. Fees could reduce the earnings on the account (only applies if maintenance or activity fees are associated with the account). Transaction limitations on savings/share account: During any month, you may not make more than six (6) electronic transfers between accounts at PFCU, accounts at other financial institutions or third-party payments. Electronic transfers include preauthorized, automatic (overdraft), computer (online), ATM and phone transfers. You are not able to exceed the transfer limitation set forth above. Electronic transfers scheduled to occur after the threshold of 6 has been reached will be rejected.

To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00. Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

Description

We understand that each of our member’s lives are different, with their own personal and financial situation. At Picatinny, we have personal loans to meet the needs of our individual members.

Disclaimers

*APR=Annual Percentage Rate. Loan Rates as of 6/13/23. Applicants are subject to credit approval and PFCU underwriting guidelines. Actual rates term and amount may vary on Personal Loan Products. Additional terms and conditions may apply. Rates and terms are subject to change at any time. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00.

Actual rates may vary on Personal Loan Products.

Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

Description

We understand that each of our member’s lives are different, with their own personal and financial situation. At Picatinny, we have personal loans to meet the needs of our individual members.

Disclaimers

*APR=Annual Percentage Rate. Loan Rates as of 12/19/24. Applicants are subject to credit approval and PFCU underwriting guidelines. Actual rates term and amount may vary on Personal Loan Products. Additional terms and conditions may apply. Rates and terms are subject to change at any time. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00.

Actual rates may vary on Personal Loan Products.

Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

Description

We understand that each of our member’s lives are different, with their own personal and financial situation. At Picatinny, we have debt consolidation loans to meet the needs of our individual members.

Disclaimers

*APR=Annual Percentage Rate. Loan Rates as of 4/22/24. Applicants are subject to credit approval and PFCU underwriting guidelines. Actual rates term and amount may vary on Personal Loan Products. Additional terms and conditions may apply. Rates and terms are subject to change at any time. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00.

Actual rates may vary on Personal Loan Products.

Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

Description

From choosing your perfect car at the dealership or utilizing PFCU’s CarMatch, we are here to help you get in the driver’s seat. We want to make your next car-buying experience hassle-free and convenient.

Disclaimers

*APR=Annual Percentage Rate. **New vehicle loan, 5.87% APR for 60 months, $19.00 per month per $1,000 borrowed. Used vehicle loan 6.495% APR for 60 months, $20.00 per month per $1,000 borrowed. Rates and terms are subject to change at any time. The actual rate may vary based upon creditworthiness and underwriting policies. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00.

Vehicle Loans

* APR=Annual Percentage Rate. Loan Rates as of 10/23/24.

Actual rates may vary on New & Used Vehicle Loan Products. Applicants are subject to credit approval and PFCU underwriting guidelines. Additional terms and conditions may apply. Rates and Terms are subject to change at any time. Different terms may be available for 10 model year vehicles. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00. Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

First Time Auto Buying

*APR=Annual Percentage Rate. New or used vehicle loan, 7.00% APR for 60 months, $19.80 per $1,000 borrowed. The rates and terms of the offer are subject to change at any time. Program underwriting guidelines must be met for loan approval. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00. Contact the credit union for more details.

Description

From choosing your perfect car at the dealership or utilizing PFCU’s CarMatch, we are here to help you get in the driver’s seat. We want to make your next car-buying experience hassle-free and convenient.

Disclaimers

*APR=Annual Percentage Rate. **New vehicle loan, 5.87% APR for 60 months, $19.00 per month per $1,000 borrowed. Used vehicle loan 6.495% APR for 60 months, $20.00 per month per $1,000 borrowed. Rates and terms are subject to change at any time. The actual rate may vary based upon creditworthiness and underwriting policies. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00.

Vehicle Loans

* APR=Annual Percentage Rate. Loan Rates as of 10/23/24.

Actual rates may vary on New & Used Vehicle Loan Products. Applicants are subject to credit approval and PFCU underwriting guidelines. Additional terms and conditions may apply. Rates and Terms are subject to change at any time. Different terms may be available for 10 model year vehicles. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00. Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

First Time Auto Buying

*APR=Annual Percentage Rate. New or used vehicle loan, 7.00% APR for 60 months, $19.80 per $1,000 borrowed. The rates and terms of the offer are subject to change at any time. Program underwriting guidelines must be met for loan approval. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00.

Contact the credit union for more details.

Description

Whether boating on Lake Hopatcong or planning a cross-country trip in a new or used RV, PFCU is here to help finance your next adventure.

Disclaimers

*APR=Annual Percentage Rate. **New recreational vehicle loan, 8.365% APR for 60 months, $20.45 per month per $1,000 borrowed. Used recreational vehicle loan 8.615% APR for 60 months, $20.57 per month per $1,000 borrowed. Rates and terms are subject to change at any time. The actual rate may vary based upon creditworthiness and underwriting policies. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00.

Recreational Vehicle Loans

* APR=Annual Percentage Rate. Loan Rates as of 6/13/23.

Actual rates may vary on Recreational Vehicle Loan Products. Applicants are subject to credit approval and PFCU underwriting guidelines. Additional terms and conditions may apply. Rates and terms are subject to change at any time. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00. Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

Description

From choosing your perfect car at the dealership or utilizing PFCU’s CarMatch, we are here to help you get in the driver’s seat. We want to make your next car-buying experience hassle-free and convenient.

Disclaimers

*APR=Annual Percentage Rate. **New recreational vehicle loan, 8.365% APR for 60 months, $20.45 per month per $1,000 borrowed. Used recreational vehicle loan 8.615% APR for 60 months, $20.57 per month per $1,000 borrowed. Rates and terms are subject to change at any time. The actual rate may vary based upon creditworthiness and underwriting policies. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00.

Recreational Vehicle Loans

* APR=Annual Percentage Rate. Loan Rates as of 6/13/23.

Actual rates may vary on Recreational Vehicle Loan Products. Applicants are subject to credit approval and PFCU underwriting guidelines. Additional terms and conditions may apply. Rates and terms are subject to change at any time. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00. Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

Description

Whether you’re looking to consolidate debt, pay for college tuition or remodel your kitchen, you can use the equity in your home to help finance the cost.

Disclaimers

* APR=Annual Percentage Rate. Loan Rates as of 10/31/23. Applicants are subject to credit approval and PFCU underwriting guidelines. Additional terms and conditions may apply. Rates and terms are subject to change at any time. To qualify for membership, you must open a savings account with a minimum deposit of $5.

** The APR for all Equity Lines of Credit may vary and is based on the U.S. prime rate as published in The Wall Street Journal. The minimum “floor” APR on all Equity Lines of Credit is 3.25% and the maximum APR that can apply is 18%.

Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

NMLS ID 402605

Description

We understand that life can be unpredictable and that savings accounts are a high priority for our members. That’s why we offer savings to fit every need and help you best prepare for your future. 

Disclaimers

*APR=Annual Percentage Rate. Loan Rates as of 1/13/24. Applicants are subject to credit approval and PFCU underwriting guidelines. Actual rates term and amount may vary on Personal Loan Products. Additional terms and conditions may apply. Rates and terms are subject to change at any time. To qualify for membership, other deposit and loan products, you must open a savings account with a minimum deposit of $5.00. Actual rates may vary on Personal Loan Products. Please call the credit union for the most up to date rate information. Not responsible for typographical errors.