Rates
All rates effective November 20, 2008
Account holders qualifying for membership are eligible for a loan.
Please contact the Credit Union to determine your Membership Status.
Rates are subject to change.
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.
Loan Rates
| REAL ESTATE LOANS- IMPROVED PROPERTY | |||
| Loan Type | Maximum Amount | Terms | Annual Percentage Rate |
| 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. 3 Year ARM | 6.50% Adj. |
| 1st Mortgage | 80% of purchase price or appraisal, whichever is less | 30 Year Term. 3 Year ARM | 7.50% 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 appraised 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 appraised value less 1st Mortgage balance. | Up to 6 Yrs. 'Draw' period Maximum 14 yrs Repayment | 5.50% Adj. |
| REAL ESTATE LOANS-UNIMPROVED PROPERTY | |||
| Loan Type | Maximum Amount | Terms | Annual Percentage Rate |
| 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 | Annual Percentage Rate |
| New Vehicles | 100% of list price up to $50,000 | Up to 72 months | 6.50% |
| Used Vehicles | Up to NADA loan value | 1-3 years old - Terms vary according to vehicle value. | 7.00% |
| Used Vehicles | Up to NADA loan value | 4-6 years old - Terms vary according to vehicle value. | 7.15% |
| Used Vehicles | Up to NADA loan value | 7-17 years old - Terms vary according to vehicle value. | 9.00% |
| New Boats & RV's | Up to 100% of list price, up to $35,000 | Up to 72 months | 12.75% |
| Used Boats & RV's | Up to 100% of list price, up to $35,000 | Up to 48 months | 13.75% |
| Classic Car | 60% of appraised value up to $25,000 | Up to 36 months | 15.00% |
| New Motorcycle Loans | 60% of list price | Up to 36 months | 13.00% |
| Personal Loan | Up to $5,000 | Up to 36 months | 11.00% |
| Personal Line of Credit | Up to $35,000 | Up to 72 months | 10.00% |
| Share Secured | Amount on Deposit at Credit Union | Up to 10 years | 7.00% |
| Share Certificate Secured | Share Certificate (CD) Amount at Credit Union | Maturity of Share Certificate (CD) | SC/CD Rate +3% |
| Co-Maker Loan | Varies | Up to 36 months | 14.75% |
| Classic VISA | Up to $10,000 | - | 12.00% |
| Gold VISA | Up to $20,000 | - | 9.99% |
Account Rates
| SHARE CERTIFICATES (CDs) | ||
| Term | Rate | Annual Percentage Yield |
| 06 months | 2.60% | N/A |
| 12 months | 3.00% | 3.04% |
| 24 months | 3.25% | 3.30% |
| 36 months | 3.50% | 3.56% |
| 48 months | 3.65% | 3.71% |
| 60 months | 3.75% | 3.82% |
Rates may change without prior notice. Minimum deposit $500.00 Share certificate accounts are non-negotiable and non-transferable. The credit union may withdraw this offer at any time. Any share certificate with the credit union is an open-rate certificate and
early withdrawal penalties are: All accounts insured up to $100,000.00 by the National Credit Union Administration. | ||
| SHARE DRAFT / CHECKING | ||
| Dividend Rate | Annual Percentage Yield | Required Balance |
| 0% | 0% | $0 - $499 |
| 0.00% | 0.00% | $500 - $4,999 |
| 0.50% | 0.50% | $5,000 - $14,999 |
| 0.65% | 0.66% | $15,000 - $24,999 |
| 0.75% | 0.75% | $25,000 - $49,999 |
| 0.85% | 0.86% | $50,000 Plus |
Rates may change without prior notice. The 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 All accounts insured up to $100,000.00 by the National Credit Union Administration. | ||
| SHARE / SAVINGS | |||
| Account Type | Dividend Rate | Annual Percentage Yield | Required Balance |
| Regular Savings | .50% | .50% | $50 Minimum |
| Youth Savings | .50% | .50% | $25 Minimum |
| Vacation / Holiday | .50% | .50% | No Minimum |
| Escrow | .50% | .50% | No Minimum |
| IRA | .50% | .50% | $25 Minimum |
Rates may change without prior notice. Share/Savings account rates paid for the previous quarter. The 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. All accounts insured up to $100,000.00 by the National Credit Union Administration. | |||
