Rates
Loan Rates
All loan rates are quoted as Annual Percentage Rates (APRs).
Each loan rate will be determined by certain creditworthiness criteria, and will fall within the range disclosed below. Please contact a credit union employee for an explanation of loan rates, terms, collateral requirements and any other loan information. Other rates and loan types may be offered by the credit union from time to time.
Rates effective as of 8/01/ 2024
Your funds federally insured to $250,000 by the National Credit Union Administration, an agency of the federal government.
| Type of Loan | Approximate Term (Months) | Annual Percentage Rate (APR) |
|---|---|---|
| SHARE SECURED | Up to 120 | 3.00% above rate paid on shares |
| CERTIFICATE SECURED | Term of Certificate | 2.00% above existing Certificate rate |
| NEW/USED Vehicles (Current year + 6 years) | Up to 72 | 5.49%-17.49% |
| OLDER VEHICLE (7 Years and older) Auto/Truck/Van | Up to 36 | 8.24%-17.99% |
| NEW Boats / USED Boats | 1-84 / 1-72 | 6.74%-17.99% / 6.99% - 17.99% |
| NEW Recreational Vehicle, Mobile Home, and Farm Equipment | 1-72 | 6.74%-17.99% |
| NEW Motorcycles | 1-60 | 6.74%-17.99% |
| USED Motorcycles | 1-60 | 6.99%-17.99% |
| OTHER COLLATERAL | Up to 120 | Not to exceed the maximum rate allowed by NCUA. |
| PERSONAL (President/CEO approval needed) | Up to 36 | 8.74% - 17.99% |
Share Rates
Savings, checking, and money market account rates are declared by the Board of Directors for the previous quarter, and dividends are paid quarterly.
Dividends on Share Certificates are paid monthly. All dividend rates are quoted as Annual Percentage Yields (APYs). Substantial penalties may apply for early withdrawal of funds from term accounts. (Fees could reduce earnings or principal.) Contact a credit union employee for additional information.
| Type of Account | Approximate Term (Months) | Dividend Rate/Annual Percentage Yield (APY) |
|---|---|---|
| Share Savings Account / Vacation and Christmas Club Accounts / IRAs | $100.00 + | 0.25% APY |
| Checking Accounts | Up-Lifted Checking | 0.20% APY (over $1,000 avg. daily balance) Contact Us for details! |
| Business Money Market Accounts (Tiered) | $2500-$49,999 | 0.35% APY |
| Business Money Market Accounts (Tiered) | $50,000-99,999 | 0.4% APY |
| Business Money Market Accounts (Tiered) | $100,000- $249,999 | 0.6% APY |
| Business Money Market Accounts (Tiered) | $250,000 and up | 0.75% APY |
| Money Market Accounts (Tiered) (Minimum $2,500.00 to open) | $2,500 - $12,499.99 | 0.75% APY |
| Money Market Accounts (Tiered) (Minimum $2,500.00 to open) | $12,500 - $49,999.99 | 0.9% APY |
| Money Market Accounts (Tiered) (Minimum $2,500.00 to open) | $50,000 and up | 1.1% APY |
| Share Certificates (Term Accounts) (Minimum $1,000.00 to open) | 3 months | 1.00% / 1.00% APY |
| Share Certificates (Term Accounts) (Minimum $1,000.00 to open) | 6 months | 4.41% / 4.50% APY |
| Share Certificates (Term Accounts) (Minimum $1,000.00 to open) | 9 months | 2.96% / 3.00% APY |
| Share Certificates (Term Accounts) (Minimum $1,000.00 to open) | 12 Months | 3.35% / 3.40% APY |
| Share Certificates (Term Accounts) (Minimum $1,000.00 to open) | 18 Months | 3.45% / 3.50% APY |
| Share Certificates (Term Accounts) (Minimum $1,000.00 to open) | 24 Months | 3.59% / 3.65% APY |