“We Back The Blue” Promotion

Take advantage of two exceptionally-priced Adjustable-Rate Mortgages available for one month only, from May 1 through May 31, 2017!


Celebrating the strength and valor of police officers is what we do every day. It is what drives us to consistently offer the most comprehensive selection of financially sound products and services to help you realize your life’s goals.

For the month of May only, we are pleased to offer you a little something extra: two Adjustable-Rate Mortgage options featuring rates that are well below current market offerings.

Adjustable-Rate Mortgages (ARMs):

5/1 ARM, at a rate of 2.65% APR*
7/1 ARM, at a rate of 2.99% APR*

To discuss this unique opportunity, please contact:

Primary Contact : Email Nick Gregor or call 312-499-8881

Secondary Contact: Email Janeth Franco or call 312-499-8875

 

Why? Because “We Back The Blue!”

What is an ARM?

An adjustable-rate mortgage is a type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan. Normally, the initial interest rate is fixed for a period of time, after which it resets periodically, often once per year The interest rate resets based on a benchmark or index plus an additional spread, called an ARM margin.

Also called a variable-rate mortgage, ARMs take a number of different forms.

Typically, ARMs are expressed as two numbers. In most cases, the first number indicates the length of time the fixed-rate is applied to the loan, but there is no set formula defining what the second number indicates. For example, a 5/1 ARM boasts a fixed rate for five years, followed by a variable rate that adjusts every year (indicated by the one). Similarly, a 7/1 ARM starts with a fixed rate for seven years and then adjusts every year. If you're considering an adjustable-rate mortgage, you can compare different types of ARMs using a mortgage calculator. For more information please call the credit union to apply.

*APR= Annual Percentage Rate. Rate subject to credit qualification. Additional restrictions apply.
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Contact Us.
  • Chicago Patrolmen's Federal Credit Union Headquarters
  • 1407 W. Washington Blvd.
  • Chicago, IL 60607
  • 312-726-8814