Cascade FCU has a new mortgage option available that can help you combat the seemingly back-on-the-rise mortgage rate environment. Introducing our 15/15 adjustable-rate mortgage (ARM), allowing you to lock in a lower rate for the first 15 years—at which point, the rate will adjust once, where it will remain for the rest of the loan term.
of upfront savings
Lock in a lower
fixed rate for 15 years* Rates may vary & payments may increase after 15 years
Only one rate
No prepayment penalty
if you refinance later
* Available to all borrowers with a minimum credit score of 670, on a conventional 15/15 ARM loan product with Cascade Federal Credit Union and its affiliate, Member First Mortgage, LLC. Eligible on primary residence only. Maximum Loan-to-Value (LTV) is 95%. The amortization for this product is 30 years (360 monthly loan payments). Rate for the first 15 years to be priced at the current 15-year fixed rate plus loan level price adjustments. After the first 15 years of amortization, the loan will adjust to the current qualifying rate for a 15-year mortgage (beginning at the 181st payment month), using a 6-month Secured Overnight Financing Rate (SOFR) index plus 2.5% margin, not to exceed an increase of 5 percentage points for the remaining 15-year loan term. AII lending products are subject to credit and property approval. Terms, conditions and interest rates are subject to change without notice. Certain restrictions may apply and vary based on borrower qualification and collateral conditions. This is not a commitment to lend. This product may not be combined with any other promotion or discount points. Additional restrictions may apply. Cascade Federal Credit Union: 18020 80th Avenue S, Kent, WA 98032; Phone: 425.251.3600 ; NMLS ID# 763352. Member First Mortgage, LLC: 616 44th Street SE, Grand Rapids, MI 49548; 866.898.1818; NMLS ID# 149532; MemberFirstMortgage.com. Equal Housing Opportunity.
UPCOMING HOLIDAY & EVENT SCHEDULE
Shred Event Kent Branch
10 a.m. - 1 p.m. (or until truck fills)
Open to the community. Shred up to THREE grocery bags of documents to be shredded, free of charge. We will also be collecting nonperishable food donations for Northwest Harvest (donations are appreciated, but not required to have items shredded).
Closed for Labor Day
GIVE THE GIFT OF MEMBERSHIP
Giving the gift of membership is a win-win!
You'll receive $50 for each person you refer who becomes a member. You can earn up to $500!
The friends and family you refer will earn $50 just for joining and another $50 if they open another account within their first 30 days of membership.
You and those you refer will be entered into our quarterly Members-Only Sweepstakes1 for a chance to win $500!
You and those you refer can take advantage of the benefits of being a Cascade FCU member.
GET 3X THE POINTS ON CASCADE REWARDS VISA® PURCHASES
You can earn triple points on all purchases made with a Cascade Rewards Visa® card now through August 31, 2022.2
Make the most of this triple points promotion by using your Cascade Rewards Visa card:
For your everyday purchases—groceries, gas, lunch...
On your favorite online shopping sites and apps
To make recurring and subscription payments
In your phone's digital wallet:
HELOC. NOT JUST FOR HOME IMPROVEMENTS
Did you know that a home equity line of credit (HELOC) generally has a lower interest rate than fixed home equity options, personal loans and credit cards? Plus you can use the funds for almost anything: home improvements, debt consolidation, emergency reserve, education expenses. The list goes on and on.
If you have equity in your home and are considering your options for how to cover larger purchases, a HELOC may be just the flexible financing you're looking for. Especially when you factor in today's rising rate environment, our low 12-month introductory rate of 2.99% APR3 and the fact that our HELOC comes with no closing costs!4
CREATING INCOME FOR WHAT'S NEXT
Many Americans nearing retirement are concerned they won't have enough money to live comfortably. Be prepared by regularly evaluating your income needs (both leading up to and during retirement).
Cascade FCU has a new CFS5 financial advisor, Mike Lin. Mike can assist you in reviewing your current plans to create an income strategy that is designed to help you retire with confidence. To learn more, schedule a no-obligation appointment.
CONGRATULATIONS TO DOUG V.! Doug is the 2022 first-quarter winner of $500 through our Members-Only Sweepstakes.
Each quarter, members who participated in our member referral program and/or used us for their lending needs are entered to win $500.1
Doug said, “I have been a member for 30 years. My family has entrusted Cascade FCU with our savings, auto loans, HELOC, and a mortgage. We have experienced prompt and reliable service at excellent rates.”
How you can be entered into the sweepstakes:
Join Cascade FCU.
Refer a friend or family member. When they join, you’ll both be entered.
Use Cascade FCU for your lending needs. When you get a loan, credit card or line of credit, you’ll be entered.
1Winner will be randomly drawn from all entries received. Only the primary member on the account or loan is eligible. Past drawing winners and Cascade FCU employees are not eligible for entry. Winner will be notified by email or phone. Q1 announced in April; Q2 announced in July; Q3 announced in October; Q4 announced in January. Winner’s first name and photo (with permission) will be used in Cascade FCU marketing materials. Odds of winning depend on number of entries received. Loans subject to credit approval. Members will be entered for the quarter that they joined the credit union, that someone they referred joined the credit union, and/or that a loan they applied for was disbursed. No purchase necessary; ask a Cascade FCU staff member for a no-purchase necessary entry ticket.
2Rewards points: Qualifying purchases are purchases that post to your account, less credits, returns or other adjustments that are not payments. Qualifying purchases can be made anywhere; there are no specific categories associated with this program. Qualifying purchases do not include balance transfers, cash advances, convenience checks, purchases of cash equivalents of any kind (i.e., money orders, ATM cash disbursements, gaming transactions, etc.), tax payments, finance charges, fees, credit insurance, credit protection/debt cancellation charges or unauthorized/fraudulent transactions. Transactions that are not qualifying purchases do not earn rewards points.
3APR = annual percentage rate. Rate shown is 12-month introductory rate. Variable rate based on 12-month average of Wall Street Journal prime rate. Based on the current index, after first year, the rate is currently 3.99% - 9.40% APR.
4No closing costs except appraisal as needed, normally from $800 to $1,300. Accounts more than 10 days past their due date may be assessed a late fee.
5Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker dealer (Member FINRA/SIPC) and Registered Investment Advisor. Products offered through CFS are not NCUA/NCUSIF or otherwise federally insured; are not guarantees or obligations of the credit union; and may involve investment risk, including possible loss of principal. Investment Representatives are registered through CFS. The credit union has contracted with CFS to make non-deposit investment products and services available to credit union members.