Share and Escrow Savings Accounts
|$25 to $500||0%||N/A
|$501 to $9,999||0.25%||0.25% APY|
Members must maintain a minimum daily balance of $25 in their account to obtain the disclosed annual percentage yield (APY). Dividends are calculated daily and credited quarterly. If you close your account before dividends are paid, you will not receive the accrued dividends. Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Dividends begin to accrue on the day of deposit. The dividend rate and annual percentage yield may change monthly as determined by the Board of Directors. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. Bond and Loan Escrow Accounts do not receive dividend payments.
1-Year 0.50% APY
Interest is credited at maturity. If you close your certificate account before dividends are credited, you will not receive accrued dividends. Certificates automatically renew at maturity at the prevailing rate. Additional Truth-in-Savings disclosures are provided on the Certificate.
|Item and Price
|New Car and Boat ($45,000 maximum)||2.90%|
|Used Car and Boat ($45,000 maximum)||4.9%|
|Personal ($5,000 maximum)||10%|
All loans have restrictions. Maximum loan amount for unsecured loans per spousal unit is $12,000. Please speak with a Credit Union representative for further information.
Effective: May 4, 2011