Rates
All rates effective 01 Sep, 2010
Rates may change without notice.
All loans & credit cards subject to credit approval.
All adjustable mortgage and home equity loans adjust on an annual basis.
Adjustable rate loans are subject to a 2% yearly cap and a 6% lifetime cap.
Other restrictions may apply.
Loan Rates
| REAL ESTATE LOANS- IMPROVED PROPERTY | |||
| Loan Type | Maximum Amount | Terms | APR* As Low As: |
| 1st Mortgage | 80% of purchase price or appraisal, whichever is less | Up to 25 years | 5.25% Adj. |
| 1st Mortgage | 80% of purchase price or appraisal, whichever is less | 30 Year Term. 5 Year ARM | 4.75% Adj. |
| 2nd Mortgage | 80% of appraisal value less 1st mortgage balance | Up to 15 Years | 7.25% Adj. |
| Home Equity Line 1st Position | 80% of appraisal value less 1st Mortgage balance. | Up to 6 Yrs. 'Draw' period Maximum 14 yrs Repayment |
5.25% Adj. |
| Home Equity Line 2nd Postion | 80% of appraisal value less 1st Mortgage balance. | Up to 6 Yrs. 'Draw' period Maximum 14 yrs Repayment |
5.50% Adj. |
| If B.O.N.D. Holds Your First Mortgage, Then Home Equity Line First Position Rates Apply!!!! | |||
| REAL ESTATE LOANS-UNIMPROVED PROPERTY | |||
| Loan Type | Maximum Amount | Terms | APR* As Low As: |
| 1st mortgage only | 70% of purchase price or appraisal, whichever is less, up to $175,000. |
Up to 5 years | 13.50% Adj. |
| The applicant must intend to construct a primary residence on the lot. | |||
| CONSUMER LOANS | |||
| Loan Type | Maximum Amount | Terms | APR* As Low As: |
| New Vehicles | Up to 100% of list price, up to $50,000 | 36, 60 and up to 72 months | 4.85% Fxd. |
| Used Vehicles | Up to NADA loan value | According To Vehicle Value | 6.50% Fxd. |
| New Boats & RV's | Up to 100% of list price, up to $35,000 | Up to 72 months | 7.50% Fxd. |
| Used Boats & RV's | Up to 100% of list price, up to $35,000 | Up to 48 months | 9.50% Fxd. |
| New Motorcycle Loans | 60% of list price | Up to 36 months | 8.50% Fxd. |
| Personal Loan | Up to $5,000 | Up to 36 months | 13.00% Fxd. |
| Share Secured | Amount on Deposit at Credit Union | Up to 10 years | 5.00% Fxd. |
| Certificate Secured | Share Certificate (CD) Amount | Maturity of Share Certificate (CD) | SC Rate +3% Fxd. |
| Classic VISA | Up to $10,000 | - | 12.00% Fxd. |
| Gold VISA | Up to $20,000 | - | 9.99% Fxd. |
| *APR: Annual Percentage Rate.
All loans & credit cards subject to credit approval. Other restrictions may apply. Rates may change without notice. | |||
Account Rates
| SHARE CERTIFICATES (CDs) | ||
| Term | Annual Percentage Rate (APR) | Annual Percentage Yield |
| 06 months | 0.25% | N/A |
| 12 months | 0.50% | 0.50% |
| 24 months | 0.75% | 0.75% |
| 36 months | 1.00% | 1.00% |
| 48 months | 1.25% | 1.26% |
| 60 months | 1.50% | 1.51% |
Minimum deposit $500.00 Share certificate accounts (CDs) are non-negotiable and non-transferable. The credit union may withdraw this offer at any time. Any share certificate (CDs) with the credit union is an open-rate certificate and early withdrawal penalties are:
| ||
| SHARE DRAFT / CHECKING | ||
| Annual Percentage Rate (APR) | Annual Percentage Yield | Required Balance |
| 0.00% | 0.00% | $0 - $499 |
| 0.00% | 0.00% | $500 - $4,999 |
| 0.00% | 0.00% | $5,000 - $14,999 |
| 0.15% | 0.15% | $15,000 - $24,999 |
| 0.25% | 0.25% | $25,000 - $49,999 |
| 0.35% | 0.35% | $50,000 Plus |
The annual percentage rate (dividend rate) and annual percentage yield may change every dividend period. We may change the dividend rate for your account as determined by the credit union board of directors. Dividends will be compounded and credited to your account every quarter. Dividends are calculated by the average daily balance method, which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the quarterly statement cycle. | ||
| SHARE / SAVINGS | |||
| Account Type | Annual Percentage Rate (APR) | Annual Percentage Yield (APY) | Required Balance |
| Regular Savings | 0.10% | 0.10% | $50 Minimum |
| Youth Savings | 0.10% | 0.10% | $25 Minimum |
| Vacation / Holiday | 0.10% | 0.10% | No Minimum |
| Escrow | 0.10% | 0.10% | No Minimum |
| IRA | 0.10% | 0.10% | $25 Minimum |
Share/Savings account rates paid for the previous quarter. The annual percentage rate (dividend rate) and annual percentage yield may change every dividend period. We may change the dividend rate for your account as determined by the credit union board of directors. Dividends will be compounded and credited to your account every quarter. Dividends are calculated by the average daily balance method, which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the quarterly statement cycle. Share Accounts are insured up to $250,000 and IRA Accounts are insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), administered by National Credit Union Administration, a U.S. Government Agency. | |||
