| |
Savings Rates | Checking Rates | Loan Rates | Mortgage Loan Rates | Vehicle Loan Rates | Disclosures
Savings & Certificate
Rates
As of December 1, 2009
| |
Minimum
Balance to
Open |
Minimum to
Earn APY |
Dividend
Rate |
Annual
Percentage
Yield (APY) |
Share Savings Account |
$50 |
$50 |
0.25% |
0.251% |
Preferred Savings Account
$0 - $19,999
$20,000+ |
$50
$20,000
|
$50
$20,000
|
1.00%
1.40%
|
1.00%
1.41%
|
Premier Savings
Account
1st $50,000.00
2nd $50,000.00
next
$150,000.00
next $250,000.00 -
$99,999,999.99 |
$50,000
|
$50,000
|
1.40%
1.50%
1.60%
2.05%
|
1.41%
1.41-1.46%
1.46-1.55%
1.55-2.05%
|
Fixed Certificate & IRA
Accounts
7-month
term (not available as an IRA)
1-year term
2-year term
3-year term
4-year term
5-year term |
$500
$500
$500
$500
$500
$500
|
$500
$500
$500
$500
$500
$500
|
1.50%
1.75%
2.00%
2.50%
3.00%
3.25%
|
1.51%
1.76%
2.01%
2.52%
3.03%
3.29%
|
Variable Certificate & IRA Accounts
18-month
term
3-year term
5-year term |
$50
$50
$50
|
$50
$50
$50
|
2.00%
2.35%
3.00%
|
2.01%
2.37%
3.03%
|
Individual Retirement
Accounts (IRA) |
$50 |
N/A |
2.50% |
2.524% |
The Premier Savings Account is a tiered-rate
account with different rates applied to the different tiers. Member must maintain at least
$50,000 in the account to earn dividends on this account. |
|
Savings Accounts - dividends
are compounded and paid quarterly on the first day
of the next dividend period. Dividend Rates and APYs
are variable and are subject to change. Certain fees
and charges may apply to your share account as disclosed
in the current Schedule of Fees. Assessed fees may
reduce earnings.
Variable Certificate & IRA
Accounts - dividends are compounded and paid quarterly
on the first day of the next dividend period. A penalty
may apply if the certificate is redeemed prior to
maturity. Certificates will automatically renew upon
maturity unless otherwise stipulated by the member. |
Checking Rates
As of December 1, 2009
| |
Minimum
Balance to
Open |
Minimum to
Earn APY |
Dividend
Rate |
Annual
Percentage
Yield (APY) |
Checking Account |
$5* |
N/A |
0.125% |
0.125% |
|
*Plus cost of check style
selected
|
Loan Rates
Effective March 10, 2010
Loan
Type |
Annual
Percentage Rate |
Repayment
Schedule or Payment |
Amount |
New/Used Autos
& Motorcycles |
|
36 - 84 months |
Up
to 100% of M.S.R.P. including taxes, tags, titling
fees and extended warranties. Used vehicles based
on industry valuation sources suggested retail
price |
Share Secured |
2.00% above LFCU
dividend rate; adjusted with dividend rate |
Up to 7 years |
Up
to balance in Prime Share or Savings Club account*** |
Share Certificate |
2.00% APR above
LFCU dividend rate; adjusted with dividend rate |
Term not to exceed
certificate maturity date |
Up
to value of certificate at time of borrowing (including
accrued dividends) |
Line of Credit |
As low as 12.00% |
$30 per $1,000
borrowed, monthly |
$500
- $30,000 |
Signature |
As low as 9.00%** |
Up to 48 months |
$500
- $30,000 |
Education Assistance |
10.00%
11.00%
12.00% |
1 year
3 year
5 year |
Up
to $10,000 per year with a total loan maximum
of $20,000 per student; for books and/or tuition
only |
MasterCard
Platinum |
0.00% - 18.00%**** |
$30 or 2% of balance,
monthly;
25-day grace period on purchases |
$500
- $50,000 |
Mortgage &
Home Equity |
|
Fixed and Adjustable
Rate Program |
Up
to 100% of appraised value |
Luxury Leisure
Vehicle
(Boats & RV's) |
Prime plus 2%; at time of approval; rate adjusted
every 36 months; will not increase or decrease
more than 2% per adjustment |
8 yrs = up to
$50,000
10 yrs = $50,001 - $100,000 |
90%
of purchase price, up to $100,000. Vehicles for
personal, non-business use only |
|
Annual percentage rate
and terms subject to change without notice.
*Stated APR is the lowest
rate available for qualified members. Actual rate may be
higher based on income and credit worthiness.
** Stated APR reflects 0.25% discount for automatic debit
from checking account.
***Rate based on dividend tier at time of origination.
****Your APR may vary. Your initial rate is determined by adding a Margin (initially determined based on an evaluation of each member’s credit score, economic conditions and other risk factors) to the highest prime Rate published in the
Wall Street Journal on the first business day of the current month, and the rate will then adjust monthly (on the first day of your billing cycle), according to monthly increases or decreases in the Wall Street Journal Prime Rate.
The APR will not be more than 18.0%, regardless of the Wall Street Journal Prime Rate. Margins range from 4.90% to 13.90%. The margin applicable to your account is subject to review every 6 months, and we may increase or decrease the margin applicable to your account based upon changes in your credit history, economic conditions and other risk factors.
We will notify you in accordance with applicable law before we apply any margin increase to your account.
New Auto Interest Rate Schedule
Term |
Annual
Percentage Rate as low as* |
36 Months |
4.50% |
48 Months |
5.00% |
60 Months |
5.50% |
72 Months** |
6.00% |
84 Months** |
6.50% |
|
Used Auto Interest Rate Schedule
Term |
Annual
Percentage Rate as low as* |
36 Months |
5.50% |
48 Months |
6.00% |
60 Months |
6.50% |
|
Motorcycle Interest Rate Schedule
Term |
Annual
Percentage Rate as low as* |
36 Months |
6.50% |
48 Months |
7.00% |
60 Months |
7.50% |
|
* Stated APR is the
lowest rate available for qualified members and reflects
.25% discount for automatic debit from checking account.
Actual rate may be higher based on income and credit worthiness.
**$30,000.00 minimum purchase price required for vehicle
loan of 72 to 84 months.
|