Credit Building & Affordable Housing

• If your account is in good standing after 12 months, you may request a different checking account.

$10

$8 if you have direct deposits during the statement cycle. Otherwise, it’s $10.²

No

• Unlimited free withdrawals at Central Bank ATMs

• One checking overdraft fee will be waived upon request. The request must be made
  within 30 days of the overdraft, and the fee will be credited to the account. Limit one
  request per account.

• A 50% discount on selected styles of checks if you are 55 or older

$10

The maximum opening deposit for online accounts is $10,000

None if you have direct deposit totaling $500 or more per statement cycle or if you select to receive eStatements.³ Otherwise, it’s $6.² If the account becomes inactive for six months or more, there is a dormant fee of $5 per month.

• Unlimited free withdrawals at Central Bank ATMs

• One checking overdraft fee will be waived upon request. The request must be made
  within 30 days of the overdraft, and the fee will be credited to the account. Limit one
  request per account.

• A 50% discount on selected styles of checks if you are 55 or older

$10

The maximum opening deposit for online accounts is $10,000

None if you have direct deposit totaling $500 or more per statement cycle or if you select to receive eStatements.³ Otherwise, it’s $6.² If the account becomes inactive for six months or more, there is a dormant fee of $5 per month.

$10

The maximum opening deposit for online accounts is $10,000

Can be used to provide overdraft protection – through our Guaranteed Checking feature – for any personal checking or interest checking product.

None if you maintain a minimum daily balance of $200. Otherwise, it’s $2.^2,4

None if you make six or less withdrawals/transfers per monthly statement cycle. Otherwise, it’s $5 for each excessive transfer/withdrawal.

You may make unlimited deposits to your account. You may make six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or other similar transactions (withdrawals/transfers) from your account per monthly statement period without incurring an excessive withdrawal fee.

• Total gross annual income for all applicants cannot exceed $65,519

• For qualifying individuals with traditional or alternative credit

• Borrow from $500 to $3,500

• Option to refinance to pay off current mortgages or to access home equity

• No Private Mortgage Insurance (PMI) required

• $500 minimum borrower investment - remainder of the 11% down, where payment can come from gifts, grants, subordinate financing or equity

• Competitive interest rates and closing costs

• Originated, approved and serviced by one of Kentucky’s largest community banks

• For homes located in Jefferson, Fayette, Boone, Clark, Jessamine, Kenton, Madison and Scott Counties

• Can be used for the purchase or refinance a primary residence or second home

• Minimum credit score of 600; non-traditional credit references accepted when no credit score is present

Contact one of our Community Development Officers to learn more about eligibility for this program and to find out if the Community First Mortgage is right for you.