Rates effective as of 3/23/2010.
Rates are subject to change at any time as determined by the Board of Directors.
Call 757-249-1003 for Current Rates.
SAVINGS
| Savings |
Minimum Balance
|
Dividend/ Interest Rate
|
APY*
|
| Regular Shares (Savings) |
no minimum
|
.50%
|
.50%
|
| Christmas Club |
no minimum
|
.50%
|
.50%
|
| All Purpose Clubs |
no minimum
|
.50%
|
.50%
|
| IRA Share |
no minimum
|
.50%
|
.50%
|
*APY = Annual Percentage Yield
SHARE CERTIFICATES & IRA CERTIFICATES
|
Minimum Balance
|
Term
|
Dividend/ Interest Rate
|
APY*
|
|
$500
|
6 months
|
.80%
|
.80%
|
|
$500
|
1 year
|
1.00%
|
1.00%
|
|
$500
|
2 years
|
1.34%
|
1.35%
|
|
$500
|
3 years
|
1.74%
|
1.75%
|
|
$500
|
4 years
|
1.99%
|
2.00%
|
|
$2,500
|
6 months
|
1.00%
|
1.00%
|
|
$2,500
|
1 year
|
1.30%
|
1.30%
|
|
$2,500
|
2 years
|
1.49%
|
1.50%
|
|
$2,500
|
3 years
|
1.89%
|
1.90%
|
|
$2,500
|
4 years
|
2.13%
|
2.15%
|
|
$100**
|
1 year
|
1.30%
|
1.30%
|
*APY = Annual Percentage Yield
**YOUNG SAVERS CERTIFICATE: Available to members age 16 & under. Maximum deposit = $1,000.
LOANS
| Loans |
Term (Months)
|
Annual Percentage Rate (APR) (%)
|
| Share Secured |
up to 120
|
+3.00-6.00
|
| Personal |
up to 60 based on amt financed
|
9.00-17.00
|
| VISA Classic |
Revolving
|
12.00
|
|
Platinum
|
Revolving
|
7.49
|
| New Vehicles/Motorcycles |
36
|
4.00*
|
|
|
48
|
4.50*
|
|
|
60
|
5.00*
|
|
$15,000 minimum financed
|
66
|
5.50*
|
|
$20,000 minimum financed
|
72
|
6.00*
|
|
$30,000 minimum financed
|
84
|
6.50*
|
|
Used Vehicles/Motorcycles 1 Year Old
|
48-72
|
4.75-6.00*
|
|
2-3 Years Old
|
60
|
7.75*
|
|
4-6 Years Old
|
48
|
8.75*
|
|
7-10 Years Old
|
48
|
10.75*
|
| New Recreational Vehicles/Boats |
36
|
8.50*
|
|
$5,001-$20,000
|
60
|
8.50*
|
|
Over $20,000
|
84
|
9.00*
|
| Used Recreational Vehicles/Boats |
24
|
9.50*
|
|
$5,001-$15,000
|
48
|
9.50*
|
|
Over $15,000
|
72
|
10.50*
|
| Home Equity Line of Credit |
180
|
Prime + 0
|
| First Mortgage - Fixed |
60
|
5.25
|
|
|
120
|
5.75
|
|
|
180
|
6.00
|
|
First Mortgage - 3 Year Adjustable Rate (ARM)
|
360
|
5.25
|
*Earned Rate Lending (ERL): The annual Percentage Rate (APR) you receive will be within the range disclosed above and is based on your credit worthiness. Please ask us for the rate that you qualify for. The rate you qualify four will be disclosed to you at the time of your loan advance.
Platinum Member Preferred Rate: You may receive an additional discount of 1.00% on the APR for personal loans and a .50% discount on the APR for vehicle loans by qualifying as a Platinum Member. In order to qualify for the Preferred Rate you must have the following account relationships: A Share Draft Account with Debit Card; Direct Deposit; $10,000 in loan balances AND $1,000 in deposits (excluding share draft account balances) OR $10,000 in deposits (excluding share draft account balances).
|
