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Effective Business Date: 03 July 2009
Savings
Consumer Loans
Mortgage Loans
| Dividend Rates Declared For: June 2009 | | | Rate | APY¹ | | Savings | 0.50 | 0.50 | | Checking | 0.15 | 0.15 | | IRA | 0.50 | 0.50 | | Clubs | 0.50 | 0.50 |
Note: The Board of Directors has declared a 1.00% Bonus
Dividend and a 1.00% Interest Refund for 2008.
| Money Market Accounts²: | | | Rate | APY¹ | 2,500 USD -
24,999 USD | 0.50 | 0.50 | 25,000 USD -
49,999 USD | 0.65 | 0.65 | | 50,000 USD + | 0.80 | 0.80 |
| Share Certificate Rates³: | | Term | Rate | APY¹ | | 3 Month | 0.85 | 0.85 | | 6 Month | 1.04 | 1.05 | | 9 Month | 1.09 | 1.10 | | 12 Month | 1.29 | 1.30 | | 18 Month | 1.34 | 1.35 | | 24 Month | 1.54 | 1.55 | | 30 Month | 1.59 | 1.60 | | 36 Month | 1.69 | 1.70 | | 42 Month | 1.83 | 1.85 | | 60 Month | 2.96 | 3.00 | ¹ Annual Percentage Yield.
² Minimum balance to earn dividends on Money Market Accounts is 2,500 USD.
³ Minimum balance to open Share Certificates and IRA Certificates is 500 USD. Certificate dividends are compounded daily and credited monthly. Early withdrawal penalties apply. See ‘Schedule of Fees & Service Charges’ for further details.
All rates are subject to change without notice.
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| Consumer Loan Rates As Low As:1 | | VISA® Credit Card2 | Introductory APR3 | Index | Margin | Current Indexed APR4 | | VISA Student Classic® Credit Card3,4,7 | 5.90% | Wall Street Journal (WSJ) Prime | 8.65% | 11.90% | | VISA Classic® Credit Card3,4,7 | 5.90% | WSJ Prime | 8.65% | 11.90% | | VISA Gold® Credit Card3,4,7 | 5.90% | WSJ Prime | 7.65% | 10.90% | | VISA Platinum® Credit Card3,4,7 | 0.00% | WSJ Prime | 6.65% | 9.90% |
| Loan Type | Variable Rate
APR1 | Index | Margin | Current | Fixed Rate APR1 | | Checking Line of Credit | 10.00% | Wall Street Journal (WSJ) Prime | 10.00% | 10.00% | N/A | | Signature | 6.50% | WSJ Prime | 4.00% | N/A | 9.50% | | 90 Days Same as Cash | 0.00%/7.75% | WSJ Prime | 4.50% | N/A | N/A | | Debt Consolidation | 10.95%-13.95% | WSJ Prime | 7.00%-10.00% | N/A | 12.95%-15.95% | | Home Improvement | 7.50% | WSJ Prime | 4.00% | N/A | 8.75% | | Overseas Home | 7.95%-9.95% | WSJ Prime | 4.00%-6.00% | N/A | 9.50%-11.50% | | Education | 7.95% | WSJ Prime | 4.50% | N/A | 8.75% | | Auto (secured) | 4.50% | WSJ Prime | 1.00% | N/A | 5.50%5 | | Auto (outside U.S.) | 6.25% | WSJ Prime | 2.00% | N/A | 7.75% | | Savings Secured | 2.00% | Savings Rate | 1.50% | N/A | N/A | | Share Certificate Secured | Share Certificate Dividend Rate +1.5% | Share Certificate Rate | 1.50% | N/A | N/A | | U.S. Federal Government Education Loans6 | Call For Rate | N/A | N/A | N/A | N/A | | Rates are subject to change without prior notice. Current WSJ Prime is 3.25% | 1. All rates quoted are annual percentage rates (APR). Rates quoted are for ‘A’ credit members. Creditworthiness will determine actual APR.
2. There is no annual fee for VISA Student, VISA Classic and VISA Gold credit cards. The annual fee for VISA Platinum Access is $50. Late payment fee for VISA credit cards is US $10. Over-the-limit fee for VISA credit cards is US $10.
3. The introductory rate period for VISA Student, VISA Classic and VISA Gold is six (6) months and three (3) months for VISA Platinum Access.
4. The current indexed APR for VISA credit cards is determined by adding the listed margin to the Wall Street Journal Prime as published on the last day of the preceding month of each billing cycle, subject to a minimum APR of 9.90% for VISA Student, VISA Classic and VISA Gold, and 8.90% for VISA Platinum Access.
5. Rates for new cars may be discounted by 0.25% for every 5% down payment, up to a maximum discount of 1%.
6. For eligible students and parents – US government determines eligibility. Call for a brochure or contact your college financial aid office for further information.
7. Effective 7/1/09, a Visa cash advance fee of 1% (USD 5 minimum fee) will apply to all cash advances (via Teller, ATM, Internet Banking, and Convenience Check).
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| Mortgage Loan Rates | IMPORTANT NOTICES
Rates and terms are subject to change without prior notice. This rate sheet does not constitute a commitment. Rates and points can only be locked upon receipt of a completed Rate Lock Agreement and a lock-in deposit. This rate sheet reflects the current base interest rates for Purchase Transactions Only. For all refinance transactions (including rate modifications) add an additional .25% to the rates stated below.
Rates and terms are based on an evaluation of each member. Rate, APR and points may be adjusted based on several factors, including but not limited to loan type, loan purpose ,documentation type, loan amount, occupancy type, property type, loan to value and your credit score. Your final rate, APR and points may be higher or lower than those quoted based on information relating to these factors, which may be determined after you apply. All loans are subject to credit approval. |
| Loan Type | Points1 | Rate | APR | Jumbo
Rate2 | Jumbo
APR2a | Max.
LTV8 | | 1 Yr. ARM3,7 (1/1) | 0 | 3.375 | 3.06 | 4.000 | 3.44 | 95% | | 2 | 2.875 | 3.18 | 3.500 | 3.57 | 95% | | 3 Yr. ARM3,7 (3/3) | 0 | 4.000 | 4.13 | 4.625 | 4.55 | 95% | | 2 | 3.500 | 4.18 | 4.125 | 4.61 | 95% | | 5 Yr. ARM3,7 (5/1) | 0 | 4.375 | 3.52 | 5.000 | 3.98 | 95% | | 2 | 3.875 | 3.50 | 4.500 | 3.97 | 95% | | 10 Yr. ARM3 (10/1) | 0 | 5.000 | 4.29 | 5.625 | 4.85 | 95% | | 2 | 4.500 | 4.14 | 5.125 | 4.68 | 95% | | 7/23 ARM3 | 0 | 5.375 | 5.79 | 6.000 | 6.27 | 95% | 7/12/15 Year Balloon3
-2nd or Vacation Home | 0 | 5.875 | 6.02 | 6.500 | 6.65 | 75% | | 10 Year Fixed | 0 | 4.625 | 4.71 | 5.250 | 5.30 | 95% | | 2 | 4.125 | 4.65 | 4.750 | 5.24 | 95% | | 15 Year Fixed | 0 | 4.875 | 4.94 | 5.500 | 5.54 | 95% | | 2 | 4.375 | 4.74 | 5.000 | 5.35 | 95% | | 20 Year Fixed | 0 | 5.250 | 5.30 | 5.875 | 5.91 | 95% | | 2 | 4.750 | 5.04 | 5.375 | 5.65 | 95% | | 25 Year Fixed | 0 | 5.375 | 5.42 | 6.000 | 6.03 | 95% | | 2 | 4.875 | 5.12 | 5.500 | 5.74 | 95% | | 30 Year Fixed4 | 0 | 5.375 | 5.41 | 6.000 | 6.02 | 95% | | 2 | 4.875 | 5.09 | 5.500 | 5.71 | 95% | EquityLoan / Fixed Rate
2nd Mortgages5 | 0 | 8.000 | 8.000 | N/A | N/A | 90% | | EquityLine6 | 0 | 4.950 | 4.950 | N/A | N/A | 90% |
1. Consult a Mortgage Representative for additional rate discount options. (One point = 1% of the loan amount.)
2. Jumbo rates apply for all fixed rate and adjustable rate loans over $417,000 for a single unit property. Rate displayed is for single unit primary residence property with a loan amount of $417,001 - $625,000. Higher rates apply in the following loan amount categories: $625,501 - $800,000 and $800,001 - $1,000,000. Jumbo rates for 2-4 units are higher.
2a. APR based on loan amount of $417,000 on a single family primary residence dwelling.
3. For adjustable rate terms, rates quoted are based on a 30-year term. 15 year terms are available at 0.25% less than the 30-year rate excluding the 10/1 and 7/23 ARM.
4. For Coops, maximum LTV is 90%. LTVs greater than 80% may require private mortgage insurance. Maximum LTVs can vary depending on property location.
5. Rates quoted for LTV < 80%. Rates vary based on LTV. Consult a Mortgage Representative for your eligibility.
6. The EquityLine rate is a 12 month introductory rate. Thereafter, your interest rate will adjust quarterly based on an index of the Wall Street Journal (WSJ) Prime Rate and a margin. Margins range from 0% to 1.0% based on loan to value. Current WSJ Prime Rate is 3.25% effective 12/17/2008. Consult a Mortgage Representative to determine your eligibility. 2% annual rate cap and maximum lifetime rate of 15% apply.
7. Second or vacation home add 1.5 points.
8. Some restrictions apply. |
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