XCEL

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XCEL
St Thomas-Apostle Church
Rectory Office 2nd Floor
One St. Thomas Plaza
Old Bridge, NJ 08857
Fax: 201-714-5753
Email: xcel@xcelfcu.org

XCEL was federally chartered in 1964. Although XCEL enjoys endorsement and logistical support from sponsor companies, we are otherwise completely independent. XCEL Federal Credit Union is governed by a board of directors who are elected from the credit union’s membership. The organization itself is professionally managed and staffed.

As a federal credit union, XCEL is federally insured, regulated, and examined annually by both the federal government and an independent CPA firm. Each member's total deposits are insured up to $250,000 by the National Credit Union Administration (NCUA), a U.S. Government agency.

Member loans and loan rates are determined by individual credit rating and history. Dividends are determined by the board of directors based on recent credit union earnings.

Mortgages & Refinancing

Refinancing or purchasing a home doesn’t have to be complicated and hard to understand. Your credit union make it an easy and rewarding process, with friendly, knowledgeable mortgage specialists who help you choose the very best loan for you. You’ll also get XCEL’s favorable “credit union” rates, low or no fees and convenient payment options.

XCEL is now offering adjustable rate mortgages, as well as fixed rate loans, for primary and second residences (one unit vacation home). Mortgages are available for residences in New York, New Jersey, Pennsylvania, Connecticut, Maryland, Florida, Virginia and Georgia.

Fixed Rate Mortgages:
Fixed 15, 20, and 30 year terms available for primary and secondary residences (vacation home)

Conventional loans up to $417,000

Mortgages up to 95% of home value; 90% for refinances

No Points and Points options

Adjustable Rate Mortgages:
Choose the low initial payments of the one year ARM or the more stable interest rate of one, three, five, seven or 10 year fixed period ARM

One-family loans up to $417,000

Mortgage of a primary residence, one to two units, up to 95% of home value; three to four units up to 80%

Mortgage of second residence, one unit vacation home, up to 95% of home value

Refinance of primary resident, one to two units, up to 90% of home value; three to four units, up to 80%

Refinance of second residence, one unit vacation home, up to 90% of home value

Mortgages will be adjusted annually after the first initial period

No Points and Points options