Rates at NFSCU
Dividend Rates
Rates as of June 2008 - Subject to Change
Type |
Interest Rates |
When |
|
Share Rates |
APR |
APY |
Paid |
$100 - $3,499 |
.25% |
.25% |
Quarterly |
$3,500 - $4,999 |
.50% |
.50% |
Quarterly |
$5,000 - 9,999 |
1.00% |
1.00% |
Quarterly |
$10,000 - $19,999 |
1.50% |
1.51% |
Quarterly |
$20,000 - & UP |
1.75% |
1.76% |
Quarterly |
|
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Club Accounts |
APR |
APY |
Terms |
Summer Pay Plus |
.50% |
.50% |
Paid Quarterly |
Club 2 |
.50% |
.50% |
Paid Quarterly |
Christmas Club |
.50% |
.50% |
Paid Quarterly |
IRA's |
1.00% |
1.00% |
Paid Monthly |
Rates are set by the Board of Directors and Subject to Change
Unsecured Loans
Rates as of June 2008 - Subject to Change
Type of Loan |
*Interest Rates (starting at) |
Maximum |
|
Signature |
Under $1000 |
6.50% APR |
18 Months |
Signature |
$1,000 - $5,000 |
7.50% APR |
48 Months |
Signature with Cosigner |
$5,001 - $7,500 |
8.50% APR |
48 Months |
Line of Credit |
$1000 |
15.50% APR |
No limit stated |
Secured Loans
Rates are subject to change
Type of Loan |
Interest Rates |
. |
||
100 % Share Secured |
No Limit Stated |
4.00% |
3% above Average Share Dividend Rate APR |
. |
Automobile Loans
Rates are subject to change
| New Automobiles | Rates Starting at: | ||
Untitled Vehicle* |
Up to $25,000 |
4.00% APR |
36 Months |
Untitled Vehicle* |
Up to $25,000 |
5.00% APR |
48 Months |
Untitled Vehicle* |
Up to $25,000 |
6.00% APR |
60 Months |
Untitled Vehicle* |
Over $25,000 |
7.00% APR |
72 Months |
*Up to 100% of Manufacturer's Retail Price
| Used Automobiles | Rates Starting at: | ||
1 - 2 Years Old |
No Limit Stated* |
5.00% APR |
36 Months |
1 - 2 Years Old |
No Limit Stated* |
6.00% APR |
48 Months |
1 - 2 Years Old |
No Limit Stated* |
7.00% APR |
60 Months |
3 - 5 Years Old |
No Limit Stated* |
7.00% APR |
36 Months |
3 - 5 Years Old |
No Limit Stated* |
8.00% APR |
48 Months |
*Up to 100% of NADA Blue Book
APR=Annual Percentage Rate
Second Chance Automobile Loan- Same as new and used when financed within the past (6) six months. (Up to 100% for qualified borrowers.) Rates are for new loan onlys. (up to 100% of Retail Price - NADA/Blue Book)
Real Estate Loans (85% Loan to Value)
Rates are subject to change
Type of Loan |
Interest Rates |
Maximum |
|
Home Equity |
Up to $50,000 |
Prime+1%, minimum 5% |
120 Months |
APR = Annual Percentage Rate. (90% Loan to Value & Owner Occupied)
Variable rate based on WSJ prime rate on the 1st day of the quarter.
(January, April, July, October)
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act
Special Loans
Rates are subject to change
Type of Loan |
Interest Rates (starting at) |
Maximum |
|
Back To School |
Up to $2,500 |
*7.00% APR |
12 Months |
Credit Repair |
Up to $2,500 |
*7.00% APR |
12 Months |
Loan rates are 1% greater without automatic payment. All rates except Share Pledge/Home Equity are based on **Credit Score.
FEE SCHEDULE
Credit Union Membership |
|
Membership Share |
$50.00 par value |
Membership fee |
$6.00 |
| Share Draft Account Fees | |
Returned Item (per item) |
$28.00 |
Share Transfer to cover NSF (per transfer, if more than six (6) transfers month) |
$10.00 |
| Stop Payment (per item) | $28.00 |
| Stop Payment - Bank Draft | $30.00 |
| Share Draft Monthly Service | $3.00 |
| Draft Copy (per item) | $5.00 |
Other Account Fees |
|
| New Membership | $6.00 |
| Statement Copy (per copy) | $5.00 |
| Transaction Listing | $2.00 |
| Loan Application Fee | $7.00 |
| New Mastercard/Debit/ATM card (per card) | $5.00 |
| Debit/ATM Replacement Card | $5.00 |
| Debit/ATM Withdrawal Fee | $1.50 |
| Debit/ATM Balance Inquiry | $1.50 |
| Excessive Share Withdrawal (per W/D over six (6) per month) |
$1.00 |
| Early Withdrawal (share account opened six (6) months or less) |
$10.00 |
| Inactive Account Fee (per month after 1 year and account balance less than $100) |
$5.00 |
| Delinquent Loan (over 10 days) (or 20% of interest due, whichever is greater) |
$7.00 |
| Notary Service (Members only) | Free |
The rates and fees appearing in this Schedule are accurate and effective for accounts as of the Last Dividend Declaration Date indicated on the above Rate and Fee Schedule. If you have any questions or require current rate and fee information on your accounts, please call the Credit Union
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