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 High Yield Savings/Investments
Share Savings
Establishes your membership in the Credit Union. Earns interest on balances of $100 or more. Earns interest in tiers, with a better rate for higher account balances.
Two Great Checking Accounts to Choose From
You can choose from two checking accounts. Essential Checking is our basic checking account and Energized Checking is our interest-bearing checking account. Both accounts offer free online banking and bill pay, unlimited checking writing, free checks, loan discounts and more! Click here for more information.
Money Markets
The minimum to open the account and earn interest is $2,500. You may make up to six withdrawals per month, three of which can be made by writing a check.
Share Certificates
Community Resource offers a variety of share certificates with minimum opening deposits as low as $100 and terms as high as five years. Click here for more information on Share Certificates.
Individual Retirement Accounts (IRAs)
We offer Traditional and Roth IRAs that can be set up as a Share Savings Account or a CD.
Health Savings Accounts (HSAs)
HSAs are medical savings accounts available to people who are enrolled in a High Deductible Health Plan, a health plan with lower premiums and higher deductibles than traditional plans. With an HSA, you determine how much money you will need for your non-covered health expenses, such as visits to the orthodontist or chiropractor, and your HSA contributions are tax-free. The money in your HSA must be used to pay qualified medical expenses or the account will be subject to penalties. For more information, call (518) 783-2211, ext. 252.
Coverdell Education Savings Account
You can establish this account for any children under 18 to pay for higher education expense. The maximum annual contribution is $2,000, in addition to contributions made to traditional and/or Roth IRAs. Consult your tax advisor for more information.
Special Share/Vacation/Holiday Share Savings
Open a separate savings account for any special purpose - a vacation, a wedding, etc. Earns interest on balances of $100 or more. Earns interest in tiers, with a better rate for higher account balances.
Scottie Savers Club
The Scottie Savers Club is for members who are under 13 years of age. Scottie Savers teaches children good savings habits and the value of money. Scottie Savers Club members earn one Scottie Buck for every $10 they deposit. Children redeem Scottie bucks for prizes.
MoneyRules! Program
MoneyRules! is a special program for young adults 13-25. MoneyRules! for Teens offers teens ages 13-17 access to financial products with their parent's guidance and educational materials to teach them how to use banking products responsibly. MoneyRules! for Young Adults provides young adults ages 18-25 access to affordable banking products and information to help them learn how to get the most out of their money.
Business Checking
If you have a small business, we offer an affordable business checking account with no per check charges or statement fees. You must also open a business membership account. Click here to apply.
Low Cost Loans
 Refinance Loans
Community Resource may be ale to save you money by offering you a substantially lower rate to refinance your existing loans! That's because we operate under a loan program that assigns loan rates according to your credit score. Your credit score is a measure of your ability to repay your loan. So, you'll earn our lowest rate if you have excellent credit. In general, your annual percentage rate will depend upon your credit score and the type and term of the loan you choose.
Click here for an online loan application
 VISA®
For information or to apply for any of our VISA programs, click here.
Personal Loans
We offer both secured personal loans up to $25,000 and unsecured personal loans up to $20,000. Terms up to six years.
Share Secured Personal Loans
With a share secured loan, the money in your savings accounts is pledged as collateral against your loan. You may borrow the full amount on deposit.
Share Certificate (CD) Secured Loans
With a CD secured loan, you pledge your Community Resource CD as collateral against your loan. The annual percentage rate you'll pay is 2% higher than the rate you're earning on your share certificate.
Overdraft Line of Credit
The overdraft line protects you in the event there are insufficient funds in your checking account to cover checks you've written. Money is transferred from your overdraft loan to your checking account in $50 increments. Lines of credit up to $15,000.
Vehicle Loans
You may finance 100% of the selling price or the NADA retail value, whichever is lower, plus sales tax and warranties on both new and used cars, trucks (up to a one ton) and motorcycles.
First-Time Car Loan
We offer loans for members who have just started working and who have a limited credit history. Loans up to $15,000 are available.
Call 783-2211, ext. 248 for more information.
Credit Builder Loan
Need to establish/re-establish credit? If you’re a first time borrower, or if you’ve had some credit problems, the Credit Builder Loan can help you establish or re-establish credit.
The loan is secured by the funds in your primary share savings account. The amount borrowed is frozen in your share account until the loan is paid in full. You can get up to 10% of the loan proceeds at disbursement. As you make monthly payments, the amount frozen in your share account is reduced. We will also counsel you to help you improve your credit score.
For details, call the Loan Department at 783-2211, ext. 248.
Boat Loans
You may finance 100% of the selling price or the NADA retail value, whichever is lower, plus sales tax and warranties on both new and used boats.
RV Loans
You may finance 100% of the selling price or the NADA retail value, whichever is lower, plus sales tax and warranties on both new and used RVs.
Seasonal Vehicles (Snowmobiles, ATVs, dirt bikes, personal water craft, pop-up campers)
You may finance 100% of the selling price or the NADA retail value (if applicable), whichever is the lower, plus sales tax and warranties.
Education Loan
Supplement your financial aid with the Education Loan. You may borrow up to $7,500 per year if you're a full-time college student. Part-time students may borrow up tot $3,750 per year. Full-time students have the option of interest-only payments while in school. You may borrow up to $35,000 for a maximum term of 12 years. This type of student loan cannot be consolidated with the Federal Guaranteed Loan Program.
Tax Advantage Loan
Faster and less costly than taking a home equity, the Tax Advantage Loan may allow you to deduct the loan interest you pay because we file a mortgage to secure your loan. (Consult your tax advisor.) Your Annual Percentage Rate is the same as the consumer loan product you're attaching to the Tax Advantage Loan.
Energy Smart Loans
The New York State Energy Smart Loan is offered at a discounted Annual Percentage Rate to finance approved energy-efficient improvement projects.
Federally Guaranteed Student Loans
We offer three federally guaranteed student loans. The Subsidized Stafford loan is a need-based loan for dependent/independent undergraduates and graduate/professional students. The Unsubsidized Stafford loan is for dependent/independent undergraduates and graduate/professional students. It is not need-based. The Parent Loan for Students (PLUS) is for parents of dependent undergraduates and graduate/professional students. PLUS is also not need-based.
Click here to apply
Federal Consolidation Student Loans
Save money and a lot of hassles by consolidating your student loans to one loan through the Federal Consolidation Program. By consolidating, you'll make one payment at a fixed rate. The rate is based upon the weighted average of the interest rates of all loans the member consolidates, rounded up to the nearest one-eighth percent.
No Closing Cost Home Equity Loans/Lines
We offer three types of home equities: Fixed Rate Home Equity Loans, a One Year Adjustable Line with a convertable option to a
fixed rate, and a Three Year Adjustable Line.
Mortgages
Whether you're purchasing a new home or looking to refinance your current mortgage, we have the mortgage product for you. We offer both fixed rate and adjustable rate mortgage programs with terms to 30 years. We finance both first and second home, as well as income property to four units. We also have mortgage programs for first time homebuyers and for special circumstances.
Click here for CUC Mortgage
Loan Skip-A-Payment
You can skip up to two, non-consecutive loan payments per year (except VISA, Guaranteed Student Loans, Education Loans and Home Loans). There's a fee of $30 that can be paid by check, taken from your savings accounts, or added to your loan.
Payment Protection
We offer affordable credit life and disability protection on most loans.
Convenience Services
 Member Connection Card (ATM/debit)
You can get cash at any of our affiliated ATMs. You'll be charged $1 per withdrawal when you exceed your free withdrawal limit. Please remember, there may be a surcharge at an ATM that is not affiliated with the Credit Union. Click here for information about our affiliated ATMs and how to use your ATM card for free. There's never a fee to use your Member Connection Card for signature-based purchases (press "credit"), transfers or inquiries. You can get cash back with your purchase using your card by selecting "debit". However, you'll be charged a $.50 fee. The retailer may also charge a fee. The Member Connection Card will enable you to access both your checking and savings accounts.
24/7 Phone Link
24/7Phone Link is our 24-hour a day, seven day a week audio response telephone system. 24/7 Phone Link is free to use. Use 24/7 Phone Link to get account information, transfer between accounts, make loan payments, calculate an estimated loan payment, listen to our current interest rates, and more! Click here for more information.
Overdraft Protection for Checking
You have three options of overdraft protection on your checking account. The first option is set up an overdraft transfer from your savings. There's a small fee for each daily occurrence of an ACH or check posting. The second option is to apply for an overdraft line of credit. There is no fee to access your overdraft line. Finally, you can choose to have both types of coverage, and you can choose which type you'd like to access first.
Credit Union Owned ATMs
Community Resource owns two ATMs, one at its 20 Wade Road, Latham office and one in Westmere News, Guilderland. Member Connection Cardholders can use their cards at these ATMs without charge. In addition, members can use any ATM that participates in the SUM, CU24/Member Access, Accel/Exchange or CO-OP ATM networks without charge. Click here for our affiliated ATMs.
Automatic deposits/payments through direct deposit or payroll deduction
Direct deposit and payroll deduction make it easy to save money regularly. You determine how much you want deducted from your pay and automatically deposited to your savings and/or checking account(s) each pay period. You can set up payroll deduction or direct deposit to pay a loan as well. We accept direct deposit or payroll deduction from any employer or retirement plan.
CU@Home Banking
CU@Home Banking will allow you to access your Community Resource accounts from the comfort of home or anywhere you and your computer happen to be -- free of charge. In addition to reviewing up to 90 days of account history, you can also print copies of checks. In order to enroll, visit our website and click on the link for CU@Home Banking. The first time you log on, you'll enter your member number, the last four digits of your social security number, your date of birth and the personal identification number that you use for 24/7 Phone Link. You'll be prompted to choose a new user name and password.
Click here to go to CU@Home Banking
Free e-z Pay Bill Payer
Pay as many bills as you like from your checking account using your computer at no charge.
You must be enrolled in CU@Home Banking and have our checking account.
In order to enroll you must print the application from the applications page of our web site and return it to us. After your application has been processed, you will receive a notification from the Credit Union via secured e-mail through CU@Home Banking. After you receive notification,"click on" the Bill Pay tab when you are logged into CU@Home Banking.
Courtesy Pay
Should you inadvertantly overdraw your account, Courtesy Pay kicks in to help cover your overdraft if there insufficient funds after your overdraft options are accessed. Courtesy pay penalties are much less than penalties merchants or other financial institutions will charge you for processing a bad check. There's a fee of $30 for each overdraft of a check, ACH or POS transaction. You must repay the overdraft within 30 days.
Other convenience services include:
Drive-through window
Night depository
Bank by mail
Fax transactions
VISA gift cards
Western Union
Wire transfers
Notary public
Postage stamps
American Express Gift Checques
American Express Traveler's Checques |
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