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Canandaigua Federal Credit Union
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Sallie Mae

Loan Desk

Overview of Lending Services


We believe a member should be a saver BEFORE becoming a borrower. All members must meet credit criteria as established by policy.  All loan applications must be signed and accompanied by verification of income. It is preferable that loans be repaid through payroll deduction so that you will always remain a member in good standing. Loan rates vary depending on the type of loan and change frequently, you can see tables of current loan rates at our Interest Rates Page.

Full service members receive 1/2% discount on loan rates and 1/4% higher rates on share certificates. To meet these requirements, you need to have a savings account, a share draft account, VISA, and debit card. The interest rate on loans is dependent on credit score.

Available Products



VISA Card


No Annual Fee
Excluded from Life Insurance
Excluded from Full Service Discount

New Vehicles Loans


Up to 84 months

Pre-owned Vehicles


Up to 72 months
(Credit Unions discretion)

Boat, RV, & Trailer Loans


Up to 96 months

Personal Loan


12, 24, 36, 48, 60 months

Education Loan


Up to 60 months

Home Improvement Loan


Up to 96 Months

Home Equity Loan


Up to 180 months
Member responsible for closing costs
No application fee
No Title Insurance required on most loans
Excluded from Life Insurance


Rates are subject to change and are dependent upon credit approval
Rates available to full service members only.
Rates for non full services members are 1/2% higher
Full Service Members: Active Savings, Share Draft, VISA, and ATM.


Loan Rates Savings Rates Share and IRA - Term Share Certificates Fees and Services

Effective as of: 02/01/2021
New RVs, Boats, Mortocycles, etc.
Max TermAPR*
Up to 180 Monthsas low as 7.00%
Pre-Owned RVs, Boats, Motorcycles, etc.
Max TermAPR*
Up to 120 Monthsas low as 8.00%
New Vehicles
YearMax TermAPR*
New-up to 5,000 milesup to 36 Monthsas low as 3.25%
up to 48 Monthsas low as 3.49%
up to 60 Monthsas low as 2.99%
up to 72 Monthsas low as 3.49%
up to 84 monthsas low as 3.99%
Pre-Owned Vehicles
Model YearMax TermAPR*
up to 2021up to 36 Monthsas low as 3.59%
up to 48 Monthsas low as 3.75%
up to 60 Monthsas low as 3.99%
up to 72 Monthsas low as 4.59%
Home Improvement
Max Term/AmountAPR*
up to 120 Months/$30,000as low as 7.99%
Anything Loan: Unsecured
Max Term/AmountAPR*
up to 120 Months/$30,000as low as 7.99%
Personal Loans: Share Secured
Max TermAPR*
up to 36 Monthsas low as 2.75%
up to 60 Monthsas low as 3.50%
Education Loan
Max Term/AmountAPR*
up to 120 Months/$30,000as low as 6.00%
Visa Credit Card
DescriptionAdditionalAPR*
No Annual Fee/No Cash Advance Fee Plus Earn Rewards Pointsas low as 7.99%
* Annual Percentage Rate
Mortgages
DescriptionAPR*
Through Owners Choice FundingClick on Mortgage CenterRates change daily..call or check online
Summer Vacation Special July 1 Through August 31,
DescriptionMax Term/AmountAPR*
Summer Vacation Loan Specialup to 36 Months/$10,000as low as 6.75%
This loan special rate is offered during the months of July through August
Wedding Loan
DescriptionMax TermAPR*
Wedding Loanup to 36 monthsas low as 7.99%
Consolidation Loan
DescriptionMax Term/AmountAPR*
Consolidation Loanup to 120 Months/$30,000as low as 7.99%
Enterprise Car Loan
DescriptionMax TermAPR*
Enterprise Car Loanup to 36 Monthsas low as 3.25%
up to 48 Monthsas low as 3.75%
up to 60 Monthsas low as 4.25%
up to 72 Monthsas low as 4.75%
These loan rates are now offered all year round
Holiday Loan Special
DescriptionMax Term/AmountAPR*
Holiday Loan Specialup to 36 Months/$5,000as low as 6.75%
This Loan is offered during the months of November through December