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Come to Pioneer for low rates, flexible terms and local decisions

For low-cost loans and great personal service, nobody beats Pioneer Bank. We're the only mutual bank in the Capital Region; committed to serving our community and our customers. Our lending team is empowered to make local loan decisions based on their knowledge and experience. It's a difference that shows in our responsible lending practices.

Our goal at Pioneer Bank is to provide competitive lending rates along with the highest level of service. We want to earn your business as a financial partner and resource for our community.

Personal service when you need help

Our Loan Representatives are only a phone call away if you have questions or need help. Contact us at 518.730.3000.


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Pioneer Bank offers home financing options through a strategic partnership with Homestead Funding Corp

Buying a home is one of the biggest financial decisions you will make.  Working with a trustworthy and experienced lender can make the loan process as simple as possible.

As a licensed mortgage banker, Homestead Funding Corp is headquartered in Albany, NY, they understand the home financing needs of Capital Region residents better than anyone in the local mortgage market.  Since 1992, they have provided home financing options and outstanding customer service to all of their borrowers.  We are excited to have the opportunity to offer Homestead Funding’s services to our bank customers. 

Click here to have a Licensed Loan Originator contact you.

Homestead Funding has it all!

  • Founded in 1992 - consistently ranked as the number one Residential Mortgage Lender*
  • Local in-house underwriting, processing, closing and funding for superior, responsive, and on-time closings
  • Highly experienced and knowledgeable Licensed Loan Originators help guide buyers through the process

Extensive Home Financing Options

  • FHA - including 203k Renovation and Energy Efficient Mortgages
  • Conventional - including Homestyle Renovation
  • VA
  • USDA Rural Housing
  • Investment Property and Second Home Options
  • New Construction Disbursement Loans

*In the Albany Business Review Book of lists 1997-2002, 2005-2010, 2013-2018.

Homestead Funding Corp. is a separate legal entity and is not owned or controlled by Pioneer Bank.


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Home Equity Lines & Loans

Put your home’s equity to work with low interest financing

What would you do with some extra money? Home repairs or improvements, financing a college education, a much needed vacation... Home equity loans and lines of credit from Pioneer Bank offer an easy and affordable way to realize your goals.

Home equity lending uses the equity of your home as collateral, so you can borrow at a lower interest rate and often with no closing costs. Choose from a home equity line of credit (or HELOC) - a variable rate, revolving line of credit that's there for ongoing projects or expenses - or a home equity loan for borrowing a lump sum to cover one-time expenses or mortgage financing. Pioneer can help you find the best fixed or variable rates and flexible term options to meet your borrowing needs. Learn about our home equity line of credit and loans below.

Personal service when you need help

Our goal at Pioneer Bank is to provide competitive rates along with the highest level of service. We are only a phone call away if you have questions or need help.

Contact us at 518.730.3000.

Home Equity Line of Credit
  • Prime minus 1.00% fixed for the first 12 months1
  • No closing costs for loans up to $150,0002
  • Flexible borrowing
  • Fix a portion of the line3
  • Minimum loan amount $5,000

Apply Now 

Fixed Rate Home Equity Loans
  • No closing costs for loans up to $150,0002
  • You choose the amount and term (5-20 years)
  • Fixed monthly payments
  • Minimum loan amount $5,000

Apply Now 

For a list of Pioneer Bank NMLS licensed representatives, click here.

1) APR (Annual Percentage Rate). The initial rate is fixed at 4.25% for 12 months. After 12 months the rate is variable at Prime plus 0.00% with a floor of 4.00% for the remainder of the loan. This rate will be based on the Prime Rate as published in the Wall Street Journal. The maximum APR is 15%. This offer is valid for all applications with a minimum line of $5,000. 2) Bank will pay closing costs on lines and loans up to $150,000. For lines and loans in excess of $150,000, borrower will pay for the prorated cost of title insurance on the amount over $150,000. If the line and loan is canceled for any reason within the first three years, your repayment amount will include reimbursement to Pioneer Bank for all of the third party fees and charges paid on your behalf at closing. This offer is subject to change without notice. A limited time offer. Some lines and loans may require NYS Mortgage Tax. 3) Option to lock in a fixed rate on all or any part of the variable rate balance with a minimum balance of $5,000.

Auto Loans

Get in the driver's seat with an affordable new or used auto loan

When you're ready to shop for a new or used car, talk to Pioneer Bank first. We offer competitive auto loan options, with a variety of rate and term options to fit your budget. Depending on the car's model year, we provide financing up to 90% of NADA retail value for new cars, and up to 80% of retail value for used vehicles (financing does not include fees, such as tag, title and tax). All with quick approval from our local loan representatives, and locked in rates so you can shop for your new car with confidence.

Finance your next car with a Pioneer auto loan:
  • Quick approval from local decision makers
  • Choose terms from 18 to 72 months to repay
  • Apply at any Pioneer branch

View current rates 

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Credit Cards

Simply RewardsTM VISA Credit Card

Earn more rewards for all your everyday purchases.1
3x the points
  • Grocery Stores
  • Discount Stores
  • Gas Stations
  • Restaurants & Fast Food
1x the points
  • All other purchases
We make it easy to redeem

Access your account to see how many points you’ve earned through online banking or your monthly statement at

Redeem your reward points for Account Credits, Gift Cards, Travel, Entertainment and more.1

​Additional Visa Benefits

Fraud Protection

Visa’s Zero Liability Policy means you won’t be held responsible for any unauthorized charges made with your card or account information.2


Including auto rental coverage, emergency cash, travel/emergency assistance, warranty manager and more.3

Online Credit Card Control
  • View transactions, pay bills and track expenses
  • Includes eStatements with 18 months of history

Apply Now

Cardholder Self-Service Contacts

Online Account Access –
Rewards Points Redemption –
Customer Service – 1.800.821.5184
Lost/Stolen Credit Card – 1.800.821.5184

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Cards issued by UMB Bank, n.a. 1Cardholders earn 3 points per dollar on purchases with MCC codes: 5411 (Grocery Stores), 5541 or 5542 (Gas), 5310 (Discount Stores), 5812 (Restaurants) and 5814 (Fast Food). Cardholders earn 1 point per dollar on all other purchases. See Simply Rewards Rules for details. 2Visa's Zero Liability Policy covers U.S. issued cards only and does not apply to certain commercial card transactions. You must notify your financial institution immediately of any unauthorized use. For specific restrictions, limitations and other details, please consult your issuer. 3See the Rewards Rules and Guide to Benefits that accompany your card for details. Certain terms and conditions may apply.

Servicing Fees

1. Subordination
$300.00 when Pioneer Bank is requested to subordinate an existing junior lien (equity line, fixed rate equity, home improvement loan, etc.) to a different lender who holds or will hold the first mortgage. Fee is collected at time of request.

2. Release of Parcel
$550.00 when Pioneer Bank is requested to release a parcel of land from a mortgage. Fee is collected at time of request.

3. Release of Liability
$550.00 when Pioneer Bank is requested to release a borrower from liability on a mortgage due to marital separation, partnership separation or divorce. Fee is collected at time of request.

4. Assignment of Mtg.
$800.00 when Pioneer Bank is requested to assign its mortgage to another lender. Fee is collected at time of request. Pioneer's attorney must review the documents, prepare the Assignment and coordinate the delivery of the Original Note and Mortgage to the requesting lender.
$300.00 when an assignment will be requested by Pioneer Bank from another lender.

5. ARM conversion
$500.00 to convert an eligible ARM loan to a fixed rate.

6. HELOC Fixed Rate Loan Balance Transfer Request
$50 per request

7. Duplicate discharge fee
$50 per discharge

8. Research fees
$20 per hr. and $.50 per page for copies

9. Late Fees - Mortgage Loans:
2% of overdue principal and interest payment or 2% of overdue principal, interest and escrow payment, depending on loan product; please check your loan documents or call Pioneer Bank for verification

10. Late Fees - Home Equity Loans:
2% of overdue principal and interest payment

11. Late Fees - Auto Loans:
5% of overdue principal and interest payment or $5.00, whichever is lower.

12. Loan Extension Fee:
$35 per loan extension

Pocket Change graphic

Pocket Change

Start saving today by enrolling in Pocket Change. Each purchase made using your Pioneer Bank debit card will round up to the nearest dollar and the balance - your Pocket Change - will automatically be transferred to your Pioneer Savings account.

Learn More

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External Link Disclaimer

Pioneer Bank has no control over information at any site hyperlinked to or from this Site. Pioneer Bank makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and is providing this hyperlink to you only as a convenience. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by Pioneer Bank of any information in any hyperlinked site. In no event shall Pioneer Bank be responsible for your use of a hyperlinked site.

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