Community Financial: Financial Resource Center

Receive Basic Checking with no monthly fees if you:

Have monthly direct deposit of your paycheck, social security or pension check into this account
Maintain $500 in this account
Are a Member Rewards Club member with a minimum combined deposit/loan balance of $10,000+ (excluding first mortgage)
Join e-Club; this fee is waived when you do not use branches for routine transactions
Are a Student Club member age 16 to 20

Call (734) 453-1200 or toll free (877) 937-2328 for details.

Rates as low as ¼% below Wall Street Journal published prime rate

Prime minus 1/4% ( The Prime Rate as published in the Wall Street Journal -.25%) is available on loans of $25,000+ with a loan to value (LTV) of 80% or less. This includes a .25% discount received when payments are automatically deducted from a Community Financial checking account. Actual rate will be determined by credit history, LTV and the amount borrowed. Minimum rate 4.0%. Maximum Rate 18.0%. There are no closing costs to establish a HELOC but property insurance is required at the member's expense. A $300 cancellation fee is charged to all accounts closed within the first 24 months. The annual fee of $50 is waived the first year and on all accounts with balances of $20,000 or more. Rates information as of 7/2004 and subject to change. Equal opportunity lender.

Call (734) 453-1200 or toll free (877) 937-2328 for details.

Close Window

Adjustable Rate Mortgage Payment Example

ADJUSTABLE RATE MORTGAGE TYPE	LOAN AMOUNT	SAMPLE RATE	NUMBER OF PAYMENTS	PRINCIPLE & INTEREST PAYMENTS
1/1 YEAR	$150,000.00	4.500%	360	$760.03
3/1 YEAR	$150,000.00	4.875%	360	$793.81
5/1 YEAR	$150,000.00	5.250%	360	$828.31
7 YR BALLOON	$150,000.00	5.750%	360	$875.36

The above information is intended to give you an example of the monthly payments on an Adjustable Rate Mortgage. Your actual rate and monthly payments will vary depending on current rate, loan amount and other factors. Please contact a Mortgage Specialist for your personalized payment quote. Rates are subject to change without notice. Community Financial is an Equal Housing Lender.

Call (734) 453-1200 or toll free (877) 937-2328 for details.

Close Window

Qualifying for Free Checking

It is easy to qualify for Free Checking. Simply have your monthly, recurring pay, social security, pension or other recurring government check directly deposited into your Community Financial Basic Checking Account. This will waive the monthly service fee and per check charges

Call (734) 453-1200 or toll free (877) 937-2328 for details.

Close Window

Avoid the $8.00 Monthly Fee on Checking Plus by:

Maintaining $2,500 in this account
Being a Member Rewards Club members with a minimum combined deposit/loan balance of $25,000+ (excluding first mortgages)
Linking this account with others to build your total household balance to $25,000+

Call (734) 453-1200 or toll free (877) 937-2328 for details.

Close Window

Avoid the $15.00 Monthly Fee on High Yield Checking by:

Maintaining $2,500 in this account

Call (734) 453-1200 or toll free (877) 937-2328 for details.

Close Window

Avoid the $3.00 monthly fee on Basic Savings Account by:

Being a new member; this fee is waived for the first 6 months
Maintaining $300 in this account
Being a Member Rewards Club member with a minimum combined deposit/loan balance of $10,000+ (excluding first mortgage)
Joining e-Club; this fee is waived when you do not use branches for routine transactions
Being a member under age 21
Linking this account with others to build your total household balance to $10,000+

Call (734) 453-1200 or toll free (877) 937-2328 for details.

Close Window

Avoid the $5.00 Monthly Fee on your Super Saver Account by:

Maintaining $1,000 in this account
Being a Member Rewards Club members with a minimum combined deposit/loan balance of $25,000+ (excluding first mortgages)
Linking this account with others to build your total household balance to $25,000+

Call (734) 453-1200 or toll free (877) 937-2328 for details.

Close Window

Avoid the Monthly Maintenance & Per Check Fees
on Business Checking when you:

Maintain $2,500 in this account
Are a Member Rewards Club member with a minimum combined deposit/loan balance of $25,000+ (excluding first mortgages)

Please note the $.15 per deposit fee on excess deposits is not waived.

Call (734) 453-1200 or toll free (877) 937-2328 for details.

Close Window

Avoid the $3.00 monthly fee on Business Savings when you:

Maintain $300 in this account
Are a Member Rewards Club member with a minimum combined deposit/loan balance of $10,000+ (excluding first mortgage)
Join e-Club; this fee is waived when you do not use branches
for routine transactions

Call (734) 453-1200 or toll free (877) 937-2328 for details.

Close Window

LIVE Online Support | About Us | Contact Us | Site Map

Quick Links

Checking Options >>
Loan Rates >>
Deposit Rates >>
Mortgage Rates >>
Branch Locations >>
Applications/Forms >>
Youth Programs>>

Home / Financial Resource Center

Thursday, September 9, 2010

Current Market Summary

Appealing Property Taxes—How and Why

While housing prices in many communities have fallen, many local governments have failed to adjust their property tax valuations, meaning that many taxpayers still have homes with assessments based on the market’s peak in 2005 and 2006. You can appeal your property taxes; use our tips to help you.

Keep Your Information Safe

Identity thieves use many methods to steal personal information and then they use the information to file a tax return and get a refund. Read the 10 things the IRS wants you to know about identity theft so you can avoid becoming the victim of an identity thief—and then find out how you can guard your cell phone.

Working Abroad?

Detailed planning is required if you plan to work abroad—and we have the information you need. We also provide links to sites that will help you plan a safe trip.

Back to School!

It’s that time of year again! Be sure your college freshman has the insurance he or she needs before leaving for campus. Now is also a good time to teach your younger children some financial literacy tips. Our resources can help you with both.

NCUA Your Savings federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. Government.
ESI - Your savings also privately insured for an additional $250,000 by Excess Share Insurance Corporation (ESI).
ESI is a subsidiary of American Share Insurance. Equal Housing Lender. Community Financial 2009