Rates

Rates effective as of 5/21/2013.  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 Share none .00% .00%
Christmas Club none .00% .00%
All Purpose Clubs none .00% .00%
IRA Share none .00% .00%

*APY = Annual Percentage Yield

 

Share Certificates & IRA Certificates***

Minimum Balance Term Dividend/Interest Rate APY*
$500 1 year .05% .05%
 $500 2 years  .05%  .05%
 $500 3 years  .05%  .05%
 $500 4 years  .05%  .05%
 $2,500 1 year  .05%  .05%
 $2,500 2 years  .05%  .05%
 $2,500 3 years  .05%  .05%
 $2,500 4 years  .05%  .05%
 $100** 1 year  .05%  .05%

*APY – Annual Percentage Yield

** Young Savers Certificate is available to members age 16 and under.  Maximum deposit is $1,000.

*** No renewals or new certificates are available at this time.

 

Loans

Loans Term in 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
VISA Platinum revolving 7.49
New Vehicles/Motorcycles 36 months 2.50 – 3.00*
 48 months  2.50 – 3.00*
 60 months  2.50 – 3.00*
$15,000 minimum financed  66months  3.25 – 3.75*
 $20,000 minimum financed 72 months  3.25 – 3.75*
$30,000 minimum financied 84 months 4.00 – 4.50*
Used Vehicles/Motorcycles up to 1 yr old 48-72 months 3.00 – 3.25*
2-3 years old 60 months 3.00 – 3.50*
4-6 years old 48 months 5.50 – 6.00*
7-10 years old 48 months 9.00 – 9.50*
New & Used Recreational Vehicles/Boats 60 months 4.50*
66 months 4.75*
$20,000 minimum financed 72 months 5.25*
$20,000 minimum financed 84 months 8.50*
$20,000 minimum financed 120 months 9.50*
Home Equity Line of Credit 180 months Prime + 0
First Mortgage – Fixed 60 months 3.50
120 months 3.75
180 months 4.00
First Mortgage – 3 Year Adjustable Rate (ARM) 360 months 3.50
Points:  1.00  Origination Fee:  0

 

*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).