Loans 

New Autos • Used Autos • Signature Loans
100% Shared Secured Loans • Loan Requirements and Restrictions

Savings Products

Regular Shares • Premier High Yield • Share Certificates • Savings Requirements and Restrictions


New Autos

Year

Term

Rate*

2015

72 months

3.24% to 15.00%

2015-2014

60 months

2.99% to 15.00%


Used Autos

Year

Term

Rate*

2013-2011

up to 60 months

2.99% to 15.00%

2010-2008

up to 48 months

2.99% to 15.00%

2007-2005

up to 36 months

5.00% to 15.00%


Signature Loans

Amount Borrowed

Loan Term**

Rate*

$500 to $10,000

up to 48 months

12.00% to 18.00%

**Loan term is based on the amount of the loan.

Loan Application


100% Share Secured Loans

Interest rate for a Share Secured Loan is 3.00% above the Dividend Rate earned on shares. 100% of the loan balance is required to remain in shares for the life of the loan.


Loan Requirements and Restrictions

*Rate is determined by credit rating and information obtained from a credit report.

Late fees on loans will be charged after the 10th day of the loan scheduled date. A late fee of $15.00 will be charged per loan.

You must be a member of the Credit Union to be eligible for a loan

Rates and terms are current as of 4/30/2016 and are subject to change at any time.


Regular Shares

Balance Requirements

Dividend Rate

Annual Percentage Yield

Minimum of $25.00

0.10%

0.100%

Dividends Compounded/Credited:

Monthly

Dividend Period:

Last day of each month

Balance Requirements:

Minimum opening and required balance is $25.00

Balance Method:

Daily balance

Dividends:

Computed on the daily balance of $25.00 and above


Premier High Yield

Balance Requirements

Dividend Rate

Annual Percentage Yield

$2,500 to $4,999.99

0.10%

0.100%

$5,000 to $24,999.99

0.15%

0.150%

$25,000 and above

0.20%

0.200%

Dividends Compounded/Credited:

Monthly

Dividend Period:

Last day of each month

Balance Method:

Daily balance

Fees and Charges:

Three (3) withdrawals/transfers are allowed per calendar
month,each subsequent withdrawal is $5.00. Withdrawal
fees are assessed on the last day of the calendar month.
Deposits are unlimited.


Share Certificates

Length of Term

Dividend Rate

Annual Percentage Yield

6 month

0.20%

0.200%

12 month

0.30%

0.300%

24 month

0.40%

0.401%

Balance Requirements:

Minimum balance on all Share Certificates is $500.00

Dividends

Dividends Compounded/Credited quarterly

Penalties

There are substantial penalties for early withdrawal


Savings Requirements and Restrictions

Rates are current as of 4/30/2016 and may be adjusted by the Board of Directors or Management. The Credit Union reserves the right to change dividend rates at any time.

All shares are federally insured by the NCUA up to $250,000. All funds in a "non-interest bearing transaction account" are insured in full by the National Credit Union Administration through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to members under NCUA's general share insurance rules.

The term "non-interest bearing transaction account" includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividends, a negotiable order of withdrawal ("NOW") account, money-market deposit account, and Interest on Lawyers Trust Account ("IOLTA"), even if share drafts may be drawn on the account.

For more information about temporary NCUA insurance coverage of transaction accounts, visit www.ncua.gov.

 

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