Savings and Deposit Account Rates.
Annual Percentage Yield and Dividend Rates
As of 3/19/2020
Regular share Savings Accounts
There is a minimum balance of $100.00 to receive a dividend on the regular share account. There is a membership fee of $1.00 to initially set up a new share account. $5.00 must remain in the account at all times to be a member.
| Range | Dividend Rate | APY |
| $0.00 to $99.99 | 0.00% | 0.00% |
| $100.00 and over | 0.10% | 0.10% |
Club Accounts
Christmas, Vacation, and Summer Payment Accounts. There is a minimum balance of $0.01 to receive a dividend on the club account.
| Range | Dividend Rate | APY |
| $0.01 and over | 0.10% | 0.10% |
Escrow Accounts
There is a minimum balance of $0.01 to receive a dividend on the escrow account.
| Range | Dividend Rate | APY |
| $0.01 and over | 0.10% | 0.10% |
Share Draft Checking Account
The Credit Union is currently not paying a dividend on share draft checking accounts regardless of the balance.
*** Dividends are accrued daily and paid monthly, on the first day of the next month. If on any day your balance falls below the minimum balance you will not receive dividend for that day. If you close your account before the accrued dividend is paid you will not receive a dividend.
Term Share Certificate Account
| $500 Minimum | Dividend Rate | APY |
|---|---|---|
| 12 months (1 year) | 0.30% | 0.30% |
| 24 months (2 years) | 0.45% | 0.45% |
| 36 months (3 years) | 0.50% | 0.50% |
| 48 months (4 years) | 0.65% | 0.65% |
| 60 months (5 years) | 0.70% | 0.70% |
Please note that the one year through five year term share certificates earn dividends, which are paid quarterly into the term share certificate. Early redemption penalty is the forfeiture equal to the smaller of the following two amounts: dividends since the date of issuance, or 90 days dividend per years of purchase. (Dividends are paid on the last day of March, June, September, December, and at maturity.) Certificates purchased now automatically renew at maturity unless otherwise notified.
** Dividends may be paid only from current income and accumulated earnings, after required transfers to reserves at the end of each dividend period, except in the case of term share certificate accounts where the dividend rate is fixed for the term account. The APY and APR applicable to an account may therefore change from time to time as determined by the Credit Union’s Board of Directors at its discretion.
Loan Account Rates
Effective 10/21/2020
Take an extra .25% off for share transfer.
| Type of loan | Term | APR* |
|---|---|---|
| Auto (2019 & newer) 100% of NADA plus taxes and fees. APR as low as 2.75% | ||
| New Auto (2019 & newer) |
0 – 42 months 43 – 51 months 52 – 63 months 64 – 71 months 72 – 78 months 79 – 84 months |
2.75% – 12.00% 2.80% – 12.05% 2.85% – 12.10% 2.90% – 12.15% 3.50% – 14.75% 4.00% – 15.00% |
| Auto (2016 – 2018) 100% of NADA plus taxes and fees. APR as low as 3.25% | ||
| Used Auto (2016 – 2018) |
0 – 42 months 43 – 51 months 52 – 63 months 64 – 71 months 72 – 78 months 79 – 84 months |
3.25% – 12.50% 3.35% – 12.60% 3.45% – 12.70% 3.50% – 12.75% 3.90% – 12.90% 4.50% – 13.75% |
| Auto (2012 – 2015) 100% of NADA plus taxes and fees. APR as low as 3.50% | ||
| Used Auto (2012 – 2015) |
0 – 42 months 43 – 51 months 52 – 63 months 64 – 71 months |
3.50% – 12.75% 3.65% – 12.90% 3.95% – 13.20% 4.00% – 15.00% |
| Auto (2007 – 2011) 100% of NADA plus taxes and fees. APR as low as 6.00% | ||
| Used Auto (2007 – 2011) |
0 – 42 months 43 – 51 months |
6.00% – 15.00% 6.20% – 15.00% |
| Auto (2006 & older) 80% of NADA plus taxes and fees. APR as low as 6.00% | ||
| Used Auto (2006 & older) |
0 – 36 months |
6.00% – 15.00% |
| Type of loan | Term | APR* | |
|---|---|---|---|
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Recreational vehicle (anything that can be registered) Borrowing less than $40,000.00 cannot exceed 6 years. Proof of insurance and title must be given to Credit Union. Will loan up to 90%. ATV's, Snowmobiles, Dirt Bikes, Campers, Boats, RV's, Mobile Homes |
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| Recreation vehicle |
0 – 51 months 52 – 63 months 64 – 71 months 72 – 120 months |
3.50% – 12.00% 3.65% – 12.15% 4.25% – 12.75% 4.50% – 13.00% | |
Collateral loan Any big purchase item |
up to 60 months |
9.5% – 15.00% |
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Secured loan Limited to the balance of shares being secured. |
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| Full Secured by Shares |
up to 36 months up to 60 months |
4.00% 4.75% |
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| Full Secured by Team Share Certificate |
up to 60 months |
2.00% above certificate rate |
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| Full Secured by Savings at another Institution |
up to 60 months |
13.5% |
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Unsecured loan (Signature, Co-Signer, Co-Applicant) Will loan up to 25% of provable income. Can be used for almost any purpose. (Signature – Must be employed in the same profession for one year and have a debt ratio no higher than 40%) |
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| Unsecured loan |
up to 60 months |
8.5% – 15.00% |
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Overdraft Protection Loan A line of credit which is added to your share draft account. To Qualify:
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$0.00 to $2,500.00 $2,500.01 to $3,000.00 $3,000.01 to $4,000.00 *Current rates is 13.0% |
$50.00 payment $75.00 payment $100.00 payment |
Variable Rate loan 12.00% to 15.00% |
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Mortgage Rates Please call the Credit Union at (716) 373-0155 for current mortgage rates and available terms. *Purchase and Refinance mortgage Money Available | |||
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*Mini Equity Loans Available See here for current loan specials **OTHER RESTRICTIONS AND TERMS MAY APPLY **ALL RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT NOTICE |
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